04/18/2013 Live Update

[Vaamsy]

Slight crack of the 50DMA on SPY and at lower BB support + double bottom setup.
Double top on VXX + upper bollinger band breach. Same on $VIX
UUP at resitance - mid bb
Am going long, help me.

[Denali92]

COBRA NAILED this one with his FIREWORKS set up - just like Jul 2011 (and also Sep 2011 - but Jul was more dramatic!)

Per everything I have written before about this opex - it is going as expected - with the various buy signals we have had, by far the highest probability based on history is for a significant bottom tomorrow or early next week - the July 2011 analog would suggest an inside day tomorrow and then down hard on Monday to make the low

Another VERY interesting analog is OCTOBER 2007 - as we had the major top on the Thursday before opex - the structure is slightly different and the day count is different, but if we had a BIG GAP down tomorrow or Monday then that would also follow nicely - the one reason I like Oct 2007 is that we then rallied to test the highs which failed on Oct 31, 2007's FOMC meeting - when is our next FOMC meeting May 1st!

Every interesting!

-D

[TWT]

$NDX: Approaching the 200 dma (It should rebound)

[Nrsimha]

Come on now, shine like you never have before!!!

!!!!! POWER HOUR !!!!!

:thumbs:

[gappy]

COBRA NAILED this one with his FIREWORKS set up - just like Jul 2011 (and also Sep 2011 - but Jul was more dramatic!)

Per everything I have written before about this opex - it is going as expected - with the various buy signals we have had, by far the highest probability based on history is for a significant bottom tomorrow or early next week - the July 2011 analog would suggest an inside day tomorrow and then down hard on Monday to make the low

Another VERY interesting analog is OCTOBER 2007 - as we had the major top on the Thursday before opex - the structure is slightly different and the day count is different, but if we had a BIG GAP down tomorrow or Monday then that would also follow nicely - the one reason I like Oct 2007 is that we then rallied to test the highs which failed on Oct 31, 2007's FOMC meeting - when is our next FOMC meeting May 1st!

Every interesting!

-D

[TumblingDice]

I guess it wan't meant to be today. No waterfall, AUD/JPY diverging positively, I'm flipping long.

[Cobra]

rebound indeed, normally the rebound would fail. wait.

[ALdaytrade]

Hey Al, do you have any indications that the big, big squeeze is coming up?[/quote]

[Al_Dente]

Hey Al, do you have any indications that the big, big squeeze is coming up?

“Full of sound and fury, signifying nothing.” [Faulkner]

I am a big bear, but all my bear targets were met already today
So ……… guessing…..bounce... then fail [?]

http://www.youtube.com/watch?v=b-I2s5zRbHg

[KeiZai]

Buyable dip? should be

[KENA]

The 8ma green line is starting to head up..This is a 1 hour chart so it will change fast..The dailey chart is just starting a turn.Wait and see.

file.png (6.65 KiB) Viewed 9036 times

[stlwater]

Buyable dip? should be

it is fer me.. we can go lower but we'll be back here again soon even if we do unless... it's 1987 again and my Delorian is parked in the driveway.

[Nrsimha]

BTW I posted this "P-bar" (about a week and a half ago) that I noticed after hours on the oil-price site.
I posted it kind of tongue-in-cheek, but with the events of the last few days I am kind of going "Hmmmmmm".

No one commented on it before -- what do u guys make of it?

P.S: it also shows up on the daily as an actual print: http://www.pmbull.com/oil-price/

[TWT]

$DOW: Overlapping within a Falling Wedge

[Al_Dente]

Hey Al, do you have any indications that the big, big squeeze is coming up?

HVI.TO

hi al:
check your pm in a minute

[MrMiyagi]

BTW I posted this "P-bar" (about a week and a half ago) that I noticed after hours on the oil-price site.
I posted it kind of tongue-in-cheek, but with the events of the last few days I am kind of going "Hmmmmmm".
No one commented on it before -- what do u guys make of it?

There are a couple on the US$ on this site.

[flrtrader]

Wheres this monster reversal someone talked about? Is My Clock fast?

[Nrsimha]

$DOW: Overlapping within a Falling Wedge

NICE !!!

Thanks for the chart!

[gappy]

If no PPT manana then possible gap fill, invert h@s neckline regain.

sspy.png

Or not!

[Cobra]

volume surge, so may see pullback here, let's see if bears can make another new low, key time.