02/19/2013 Live Update

[Cobra]

pullback indeed. now it shows bulls are not strong as well. I'm neutral to a little bearish biased here.

[TraderGirl]

Are we doneski gorgeous?

I hope so!!!

[Al_Dente]

UEMPEL
Playing with your idea of steps/stairs, but shorter time-frame, 30 min
Conclusion: beats me, oy,

[Cobra]

my wild-est-est-est guess.

[uempel]

I've got a signal on the 1 min at noon...

R2K looks tired to me. What are your thoughts? Seems like momentum has waned. Friday showed some large downside volume. I also think a pause or small pullback would be healthy longer-term.

Long term chart shows the importance of resistance at this level. A break above resistance here is a new paradigm, a real bull market. My best guess is that there should be some kind of a pause here, I can hardly imagine the market slowly grinding higher and busting resistance without any hiccups. But medium term I'm very bullish

[Cobra]

interesting day

dollar up: https://stockcharts.com/public/1684859/ ... /276865556;
gold down: https://stockcharts.com/public/1684859/ ... /124844123;
oil down: https://stockcharts.com/public/1684859/ ... /125240869;
bond up: https://stockcharts.com/public/1684859/ ... /132765947;

yet equities up.

[MrMiyagi]

Power Year???

Never going down again...

[deeko]

I've got a signal on the 1 min at noon...

R2K looks tired to me. What are your thoughts? Seems like momentum has waned. Friday showed some large downside volume. I also think a pause or small pullback would be healthy longer-term.

Long term chart shows the importance of resistance at this level. A break above resistance here is a new paradigm, a real bull market. My best guess is that there should be some kind of a pause here, I can hardly imagine the market slowly grinding higher and busting resistance without any hiccups. But medium term I'm very bullish

59.png

Thank you. Your analysis is thorough. I am also bullish, medium-term and would be even more so, with a pause here.

[Out of Bounds]

Power Year???

Never going down again...

You just jinxed it.
You know you did.
It's all over.

[MrMiyagi]

Never going down again...

You just jinxed it.
You know you did.
It's all over.[/quote]

Hah... if only it was that easy!

[Al_Dente]

Yes “beats me” means clueless
No matter what spy says, uber-short term I’m still watching the bull ratios deteriorate
But the bear ratios are not picking up enough... yet

[Mr. T]

Power Year???

Never going down again...

Never again..... the only trade is the 2 points down and then 30 points up.
Rinse and repeat....... so says the Bernanke

[Cobra]

Power Year???

Never going down again...

[uempel]

Al, I'm staring at your vintage 1 min chart, it's old but it's great. Like driving through Scotland in an old DB5:

http://stockcharts.com/h-sc/ui?s=SPY&p= ... =250236810

[kenttown]

Miyagi, are there any downside p-bars from last 10 days? TIA

[Cobra]

bias still neutral to down. maintain the guess. not sure if the rebound part is near over now or not though.

[Al_Dente]

it's great. Like driving through Scotland in an old DB5:

in a kilt ?

[TraderGirl]

SOX looks like broadening wedge for wave 5 of C is possible...

Also Stoch's trading in an area of selling in the past...

[deeko]

Yes “beats me” means clueless
No matter what spy says, uber-short term I’m still watching the bull ratios deteriorate
But the bear ratios are not picking up enough... yet

219one.png

Interesting post. Are you expecting a pick-up in bear ratios? Does the opposite ratio lag, if there is a trend change? Seems like the market wants to move higher, but its tired and needs a breather.

[uempel]

Update with two signals on the 1 min chart: