02/25/2013 Live Update

[TraderJoe]

Hi TraderGirl,
Are you thinking the upcoming sequester is going to wake-up this market? As it appears now, Mr. Market does not care about it

Boehner announces conference call on sequester at 4PM.

He's only going to blame POTUS. There will be no offers at this presser, there will be no olive branch.

My take is that the rubber meets the road on the CR to fund gov't expiring March 27. All this other stuff is posturing for that confrontation.

GL!

My guess, they will kick the can down the road

[Out of Bounds]

New signal in 3 minutes

[kenttown]

I do not have contradictory bets...this week there looks to be volatility as I said...and a potential low of some kind on the 27th...

Madam, check your XIV chart last Fri. You were saying down possible. Then you say higher high in Dow. That is contradictory. We all know market could go up or down.

[Mr. BachNut]

Price rules, but my indicators have done a whole lot of not much this morning.
I thought MO would be back to zero, but it is actually on the weak side.
In fact a lot of things look weak or neutral to me.
Looks like price retracing now to better align with technical malaise.
What comes next will be telling.

[Out of Bounds]

New signal in 3 minutes

...and with the new hourly bar started.

[TraderGirl]

I do not have contradictory bets...this week there looks to be volatility as I said...and a potential low of some kind on the 27th...

Madam, check your XIV chart last Fri. You were saying down possible. Then you say higher high in Dow. That is contradictory. We all know market could go up or down.

I actually showed higher on both before more down....go check....

Now, if my charts are inverted...the down may be delayed....

[jarbo456]

I do not have contradictory bets...this week there looks to be volatility as I said...and a potential low of some kind on the 27th...

Madam, check your XIV chart last Fri. You were saying down possible. Then you say higher high in Dow. That is contradictory. We all know market could go up or down.

relax guy. if you want someone to tell you exactly which way the market is going to go, then you're in the wrong place. of course she has contradictory posts - that's her thing. she posts what she sees, and it's up to you what you want to digest or not.

if the market only indicated bullish charts or bearish charts, then it wouldn't be as much of a bitch as it is.

with that being said, even though i commented earlier (say about 15-20 minutes ago) that the DJI chart is more supportive of the bullish case, i can say that taking a look at a shorter (hourly) time frame, one could interpret that as a broadening wedge - a bearish pattern.

[Xian]

Hi TraderGirl,
Are you thinking the upcoming sequester is going to wake-up this market? As it appears now, Mr. Market does not care about it

Boehner announces conference call on sequester at 4PM.

He's only going to blame POTUS. There will be no offers at this presser, there will be no olive branch.

My take is that the rubber meets the road on the CR to fund gov't expiring March 27. All this other stuff is posturing for that confrontation.

GL!

My guess, they will kick the can down the road

GM Joe!

My guess is that GOP will not give an inch on "this" sequester and declare victory (They desperately need something they can frame as a win— it's been a tough several months for these guys). Then during negotiations for the CR they will agree to some new revenue via closing loopholes in exchange for replacing some defense cuts and some vital programs. Then kick the rest of the can, the hard stuff, on down that road. No grand bargain.

OR, depending on how the polls look they shut down the govt.

If this a.m's action is some kind of Boehner Bounce (A boehner bounce used to mean something entirely diferent when I was a kid ), fade that shite. The sequester is going to happen— for about 26 days.

[Mr. T]

"We're never going dow....... what the hell????"

Miyagi, you're fired.

Hahahahahahaha.

Just kidding my friend.

[Al_Dente]

Internals support bear at the moment
But oddly the bots appear to be buying (top panel, buying volume, 1min)

[jarbo456]

Internals support bear at the moment
But oddly the bots appear to be buying (top panel, buying volume, 1min)

225internals1m.png

a pretty convincing reversal in VIX so far.

[TraderGirl]

I do not have contradictory bets...this week there looks to be volatility as I said...and a potential low of some kind on the 27th...

Madam, check your XIV chart last Fri. You were saying down possible. Then you say higher high in Dow. That is contradictory. We all know market could go up or down.

relax guy. if you want someone to tell you exactly which way the market is going to go, then you're in the wrong place. of course she has contradictory posts - that's her thing. she posts what she sees, and it's up to you what you want to digest or not.

if the market only indicated bullish charts or bearish charts, then it wouldn't be as much of a bitch as it is.

with that being said, even though i commented earlier (say about 15-20 minutes ago) that the DJI chart is more supportive of the bullish case, i can say that taking a look at a shorter (hourly) time frame, one could interpret that as a broadening wedge - a bearish pattern.

Thanks jarbo..sometimes people don't want to take responsibility for their own trades...

anyways..that wedge can be bearish or bullish consolidation....???

[Out of Bounds]

"We're never going dow....... what the hell????"

Miyagi, you're fired.

Hahahahahahaha.

Just kidding my friend.

My indicators are pointing in all kinds of different directions right now. I am MAJORLY short and currently down $13k. Holding the short though and hoping I don't lose more.

[Daniel-David]

UUP hod, after posting three daily closes above upper Bollyband, and a successful test of the 5day MA this morning..

[Xian]

"We're never going dow....... what the hell????"

Miyagi, you're fired.

Hahahahahahaha.

Just kidding my friend.

My indicators are pointing in all kinds of different directions right now. I am MAJORLY short and currently down $13k. Holding the short though and hoping I don't lose more.

OOB, short individual stocks or broader market, SPY etc?

[kenttown]

I actually showed higher on both before more down....go check....

Perhaps you should check yourself, I'm not going to waste my time proving what I've already seen. I'm not having a go at you either. I just don't see any benefit to the board with each way bets.

[Out of Bounds]

"We're never going dow....... what the hell????"

Miyagi, you're fired.

Hahahahahahaha.

Just kidding my friend.

My indicators are pointing in all kinds of different directions right now. I am MAJORLY short and currently down $13k. Holding the short though and hoping I don't lose more.

OOB, short individual stocks or broader market, SPY etc?

I'm long SDS $47.89

[Al_Dente]

megaphone…$VIX
This is inverted VIX so it is a “broadening top” or megaphone
“Like the broadening bottom, the broadening top is a poor performer, especially in a bull market”
http://thepatternsite.com/bt.html

[Out of Bounds]

megaphone…$VIX
This is inverted VIX so it is a “broadening top” or megaphone
“Like the broadening bottom, the broadening top is a poor performer, especially in a bull market”
http://thepatternsite.com/bt.html

225vixmegaphone.png

Poor performer indeed. I have a bad track record trying to play that formation.

[Al_Dente]

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