02/27/2013 Live Update

[jademann]

I posted this VIX chart a ways back comparing the very tight BBands squeezing to the same period back in May of 2011...we got a similar spike up in the VIX...what happened next was a bounce off of the 50dma to a lower high...

It's just an analog...don't always follow the same plan...but the similarities are interesting...

TG, you get chart of the year award with that chart. Brilliant! thanks!

[Out of Bounds]

Added shorts. I am fully short. Hatefully so. End of world expected.
Wild swings do not indicate the trend will continue.

[Hubon]

Thanks for the info

Yeah this is true

http://switchboard.nrdc.org/blogs/epepp ... _bear.html

[taggard]

pure specuation--

assuming we use the spx top at 1530 and the bottom ball park 1485 we have a nice 45 point range to flip to 1575. this of course is very close to the last major high on a monthly and is entering the interesting area for a major top sort of 1550 to 1650. ideally with the dow jones in-dust-reals and rut breaking out nicely.

the confluence of opinion on central banks--will result in sorrow as does all confluence of opinion in the markets. These outsized price bars on a daily also look interesting. the retirement money continues in march which is often a decent month.

if you like the qs then we measure ballpark 70.70 or so--just over the last top (if and when). on a monthly chart this would more or less be a third hit of an upper wedge line--making it a very key moment.

looking the monthly stuff every once in a while allows a different perspective

[Nrsimha]

Paging Myagi:

There are still a few open P-bars way down below? Aren't there?

[TraderGirl]

Both SPX and Dow sitting at a resistance point...but need to see some selling here to get a pullback...

I still believe with this price action Dow is currently forming wave (5)...

as well as other indices...

[Out of Bounds]

http://www.audiomicro.com/tracks/dialog/739744

[StudentBill]

So far so good.

[jademann]

Both SPX and Dow sitting at a resistance point...but need to see some selling here to get a pullback...

I still believe with this price action Dow is currently forming wave (5)...

as well as other indices...

TG, Looks like a megaphone pattern which I thought was bearish but it prob depends on which direction it breaks

[Nrsimha]

Both SPX and Dow sitting at a resistance point...but need to see some selling here to get a pullback...

I still believe with this price action Dow is currently forming wave (5)...

as well as other indices...

TG, Looks like a megaphone pattern which I thought was bearish but it prob depends on which direction it breaks

'Feels' overbought to me.

[TWT]

$DOW: New higher high congrats to BEN

[skittlesmds]

$DOW: New higher high congrats to BEN

Endless bids higher!!!!

[TraderGirl]

Tomorrow I have a turn date....don't know if we turn down, or accelerate up...??

[Cobra]

members only update at 3:26 pm
http://www.cobrasmarketview.com/2013/02 ... ay-update/

[Hubon]

Dow tripple top break out

[Hubon]

Here it is

[Xian]

From today's TED event: Nerd with computer strapped to his head tells audience smartphones are "emasculating."

I don't get these guys. They write ONE algorithm 15 yrs ago and now they "know" the future? Please. Just make one other product that makes money, take that stupid shit off your face, and we'll talk.

http://news.cnet.com/8301-1035_3-575716 ... sculating/

[TraderGirl]

XIV stopped at resistance..

[BullBear52x]

/ES hourly RSI = 89 11 more point to go to hit a perfect 100 sure I am going to get squeeze.

[Apple]

Added shorts. I am fully short. Hatefully so. End of world expected.
Wild swings do not indicate the trend will continue.

Probably right, but I'm not there yet...