03/18/2013 Live Update

[TWT]

$SPX: What we need to se in the momentum indicators in order to expect a meaningful correction

nice thanks
what is the time frame on your chart? is it daily?

Yes

[Al_Dente]

fine, now SPY tests:
1) MAs
2) my patience

TRIN trying to go bull-spy

[Cobra]

good bull bar, let's see any follow up the next bar. overall, the bias is up.

[Al_Dente]

This should be me. Chinese Dragon has no wing, it flies via cloud. Snake is called small dragon, so basically I'm a dragon.
Dragon is not a bad word in China.

Chief:
You’ll always be The Mensa Snake to me
If we can just make it through today, I’ll give you a whole box full of kittens

[uempel]

I've got a time signal at noon

Magic future-seeing signal???

think he uses fib time series to indicate potential events. has a pretty high hit rate on it...although direction is always debatable (he never indicates direction...just a potential event).

Jarbo: today it was ellipse magic, I didn't check the Fib Cycles.

L_T: Trick is to find a valid ellipse. Then think ellipse as a channel. We don't know if channel is going to break when price touches boundary. Same applies with ellipses, but breakout/or a reversal can occur on the X-axis and the Y-axis. An ellipse is kind of a two-dimensional channel.

Normally a break to the upside is followed by more upside.

This chart shows the basics of the system.

[Cobra]

lunch time, will be back. the bias is up.

[stlwater]

Meh, market my go a higher, but that volume signal on SPX was my signal to hedge in and take profit where I have it, and this intra-day rally gave me that opportunity. I feel much better now. We had a VLV (very low volume day) on Spy a few days ago, followed by a VHV day on SPX. I was feeling we would have a flat open on Monday back on Friday and I would have looked for a nice hourly entry, but this Cypruss thing came out of the blue.. I had hoped we'd get a chance to get in and I feel this move today is the chance to get in short. These volume surges at resistance/support on SPX are usually a dead giveaway.

[Cobra]

This should be me. Chinese Dragon has no wing, it flies via cloud. Snake is called small dragon, so basically I'm a dragon.
Dragon is not a bad word in China.

Chief:
You’ll always be The Mensa Snake to me
If we can just make it through today, I’ll give you a whole box full of kittens

box of kittens.png

kitty kitty snake likey.

[MrMiyagi]

Good morning kids..

[BullBear52x]

Will bears get 3rd time charm from AMZN?

[BullBear52x]

$TICK and $TRIN gone bear today

[MrMiyagi]

[Al_Dente]

Paging Uempel, follow up
Pink is 5ema DAILY
Green and red circles are above/below 5ema

[Cobra]

my guess.

[BullBear52x]

H&S

[MrMiyagi]

[Al_Dente]

I would have expected the Euro banks to look worse here

Uempel we found a new watering hole
Join us here later; drinks on me

le happy.png (369.86 KiB) Viewed 12131 times

[MrMiyagi]

[Al_Dente]

alert
squeeze bars 5min
they're taking out the bear stops

[Cobra]

goes as planed, this rebound still has legs.