02/22/2013 Live Update

[Cobra]

OK, bias still is up. it's a bull flag.

[MrMiyagi]

[gappy]

file.png

http://www.youtube.com/watch?v=cfvsj7WRlpI

[gappy]

sspx.png

http://www.youtube.com/watch?v=4Fzk0Fefq4w

[TraderGirl]

Pure speculation...but this is possible...

Dow has held up better than the SPX and i would not be surprised to see a higher high on Dow and lower high on SPX as we got on Oct 5th 2012...case of bearish divergence (when one index makes a higher high and other does not)....

[Cobra]

up indeed. blue trend line above might be the target.

[Vaamsy]

UUP - out of BB, double top, topping candle just above the 200SMA. VXX closing below the middle BB. SPY closing above the middle BB. We might actly rip higher next week to get to 1545? I am short but scared, might close position before close

[Out of Bounds]

no real weakness immediately -- but is bull getting weaker at the end of day?

Capture.JPG (48.7 KiB) Viewed 3613 times

[gappy]

Federal Reserve Chairman Ben Bernanke semi-annual testimony before Senate Banking Committee in Washington Tuesday, then GDP Thursday. http://www.youtube.com/watch?v=DgRVNjsuycQ

[BullBear52x]

My internals here, bears need to tick up the volatility a bit , looks good so far but not enough.

[TraderGirl]

UUP - out of BB, double top, topping candle just above the 200SMA. VXX closing below the middle BB. SPY closing above the middle BB. We might actly rip higher next week to get to 1545? I am short but scared, might close position before close

Dollar doesn't always trade hand in hand with market...had a breakout no negativity yet....

[Out of Bounds]

This chart today! I could draw at least a dozen conflicting patterns and still not have the correct one. Good luck Cobra.

[TraderGirl]

UUP shows the potential for at least one more leg up into either 3 or C wave....

[Out of Bounds]

Down Thursday, up Friday, then big down Monday? Too early for October so, IDK.

[gappy]

UUP - out of BB, double top, topping candle just above the 200SMA. VXX closing below the middle BB. SPY closing above the middle BB. We might actly rip higher next week to get to 1545? I am short but scared, might close position before close

Always hedge, Vaamsy. Even if for just a little. You'll sleep better.

[Cobra]

breakout would be C&H, very bullish.

[fehro]

SPX 60m

[Cobra]

breakout indeed. tinted area the target.

[Vaamsy]

UUP - out of BB, double top, topping candle just above the 200SMA. VXX closing below the middle BB. SPY closing above the middle BB. We might actly rip higher next week to get to 1545? I am short but scared, might close position before close

Always hedge, Vaamsy. Even if for just a little. You'll sleep better.

My hedge is 10%, but the 90% is what scares me

[Nrsimha]

On the daily candlesticks I am seeing an awful lot of Bearish Tasuki Gap's and Bearish Downside Gap 3 Methods'.