07/12/2013 Live Update

[BullBear52x]

Intraday = Buy the dip

good buy or bad buy we will find out today. I like it at least got something to go by.

[Mr. BachNut]

I posted this chart last night on twitter. Channel resistance 1680-2? Worth watching IMO:

Will watch.

Just want to say that I appreciate your work. Good stuff.
Nice to see you here and hope you add your voice more often.
You and Peter Brandt have become my favorite classical chartists.

[Cobra]

consolidation, wait for break first. usually consolidation after breakdown favors bears. usually of course.

[PanamaJack]

bb vid on ES
http://screencast.com/t/5a0Eoxdv

choppy junk so

Friday =crooks day
looking for a move downward to 1658 area
and PERHAPS a move up at end of the day

daytradingES,
Thanks for the update! Good TA
The chicken at the end topped it off.
PanamaJack

[springheel_jack]

I posted this chart last night on twitter. Channel resistance 1680-2? Worth watching IMO:

Will watch.

Just want to say that I appreciate your work. Good stuff.
Nice to see you here and hope you add your voice more often.
You and Peter Brandt have become my favorite classical chartists.

Thanks

I'll be here regularly now. I had a spat with a very aggressive poster here last year but he hasn't posted here in a long while so I think it's safe for me to return now.

I refer to Cobra's charts quite a lot so I'd like to add my take to his here to give something back.

[MrMiyagi]

BA

1370.png (17.45 KiB) Viewed 3214 times

[kongen]

TLT (re BullBear). V. interesting. The gap (daily) bottom is 110.01. This is also the shoulder of a nearly two year H&S pattern, so will probably be revisited. The H&S target is about 88.04, which is very close to the Feb, 2011 bottom. For some perverse reason, I expect this beautiful pattern to fail and interest rates to go back down. We shall see.

BullBear: on weekly chart here I posted a week ago showing a confluence of support right about 105.xx

1.JPG

one more chart here daily, don't get me wrong, buying here is counter trend.

1.JPG

Raises an important point. StockCharts are divend-adjusted, Telecharts are not. So Stockchart's weekly high on 12/22/08 was 105.20. Telechart's high on the same day was 128.15! Quite an impact on long-term charts. What are board's opinion of which method is best for technical analysis?

[Cobra]

this might be a 2 legged pullback, not sure as it's range day.

[Al_Dente]

I posted this chart last night on twitter. Channel resistance 1680-2? Worth watching IMO:

Will watch.
Just want to say that I appreciate your work. Good stuff.
Nice to see you here and hope you add your voice more often.
You and Peter Brandt have become my favorite classical chartists.

Thanks
I'll be here regularly now. I had a spat with a very aggressive poster here last year but he hasn't posted here in a long while so I think it's safe for me to return now.
I refer to Cobra's charts quite a lot so I'd like to add my take to his here to give something back.

I also appreciate your charts. I don't always get over to your site so am happy to see you back here.
Cobra kicked off the sour folks many months ago. I think he's committed to dumping evil posters, so the waters are safe here now.

[springheel_jack]

TLT (re BullBear). V. interesting. The gap (daily) bottom is 110.01. This is also the shoulder of a nearly two year H&S pattern, so will probably be revisited. The H&S target is about 88.04, which is very close to the Feb, 2011 bottom. For some perverse reason, I expect this beautiful pattern to fail and interest rates to go back down. We shall see.

BullBear: on weekly chart here I posted a week ago showing a confluence of support right about 105.xx

The attachment 1.JPG is no longer available

one more chart here daily, don't get me wrong, buying here is counter trend.

The attachment 1.JPG is no longer available

Raises an important point. StockCharts are divend-adjusted, Telecharts are not. So Stockchart's weekly high on 12/22/08 was 105.20. Telechart's high on the same day was 128.15! Quite an impact on long-term charts. What are board's opinion of which method is best for technical analysis?

I had exactly that question asked in June 2010 when I posted a chart showing strong long term support on BP in the 27 area. I didn't have an answer but for what it's worth the low was there a couple of days afterwards. There is also an obvious logic to the dividend adjustment over the long term.

[BullBear52x]

TLT (re BullBear). V. interesting. The gap (daily) bottom is 110.01. This is also the shoulder of a nearly two year H&S pattern, so will probably be revisited. The H&S target is about 88.04, which is very close to the Feb, 2011 bottom. For some perverse reason, I expect this beautiful pattern to fail and interest rates to go back down. We shall see.

BullBear: on weekly chart here I posted a week ago showing a confluence of support right about 105.xx

1.JPG

one more chart here daily, don't get me wrong, buying here is counter trend.

1.JPG

Raises an important point. StockCharts are divend-adjusted, Telecharts are not. So Stockchart's weekly high on 12/22/08 was 105.20. Telechart's high on the same day was 128.15! Quite an impact on long-term charts. What are board's opinion of which method is best for technical analysis?

I use support and resistance level as a heads up, eyes' candy, no buy/sell trigger until all other short term setting trigger.

[seemore]

1370.png

I see it's down to 99.71 now. Anyone follow BA enough to say where this thing recovers to today?

**EDIT--Nevermind, looks a bit too risky. I see BA has had some battery fires over the past several months, supposedly had a fix in, this one (Ethopian airlines) was the first airline to resume Dreamliner flights post-battery "fix". My ad hoc (and all too vague on the online details) conclusion is that Mr. Market may decide the fires are a bigger problem, so I'm not going to venture in here.

[springheel_jack]

I posted this chart last night on twitter. Channel resistance 1680-2? Worth watching IMO:

Will watch.
Just want to say that I appreciate your work. Good stuff.
Nice to see you here and hope you add your voice more often.
You and Peter Brandt have become my favorite classical chartists.

Thanks
I'll be here regularly now. I had a spat with a very aggressive poster here last year but he hasn't posted here in a long while so I think it's safe for me to return now.
I refer to Cobra's charts quite a lot so I'd like to add my take to his here to give something back.

I also appreciate your charts. I don't always get over to your site so am happy to see you back here.
Cobra kicked off the sour folks many months ago. I think he's committed to dumping evil posters, so the waters are safe here now.

That's great. Life's too short to spend much time arguing, and it's just a distraction from charts and trading which is the main interest of everyone here.

[KENA]

A small P Bar up to 167. 33 at 12:15 now filled so now let see if mkt goes dn to test support again.

[daytradingES]

bb vid on ES
http://screencast.com/t/5a0Eoxdv

choppy junk so

Friday =crooks day
looking for a move downward to 1658 area
and PERHAPS a move up at end of the day

daytradingES,
Thanks for the update! Good TA
The chicken at the end topped it off.
PanamaJack

Thanks Jack!
sometimes fiddling with a video keeps me from quitting the trade too early.
(of course I can miss a good exit while I'm goofing around)

PS
I put another 2.50 pt box below the lower one now and scratched the upper
PPS the buys and sells on the chart are meaningless - I put them in the sim for alerts

[Al_Dente]

bears need help

[BullBear52x]

SPY got bearish cross before buy trigger, no good, intraday buy is voided. sell the rip or roll down is my next move.

[BullBear52x]

unconventional sell below 167 for SPY

[Cobra]

back to support, key time, if bears cannot break it then the game is over for them.

[BullBear52x]

Bulls on defensive mode now