08/08/2013 Live Update

[fehro]

SPX 60m.. blue channel first support?

[user13]

Whenever the market needs fast decision on entries, those trades always seem to work best

[TraderGirl]

Time cycle on Dow could be in effect...time cycle on the hourly bar 11am EST...

[joegamma]

Wow! some longs really wanted out in the first half hour

definitely not normal behavior for a bull market,

i was able to close some portion of calls first 15 minutes, then chased 'em all the way down...so much for an edge at least its not a loss...now I got short in the hole and nervously watching strength in tranny, hope xlv don't rally now

looks kind of negative if r2k heads south from this level

[uempel]

Time cycle on Dow could be in effect...time cycle on the hourly bar 11am EST...

I've got a time signal for 10:58 a.m

[Harapa]

Had a good Long in TSL (Enter 6.76- Exit 7.43) . Will go Long again ~ $6.70-6.80
viewtopic.php?f=2&t=1018&p=138423&sid=0 ... 6f#p138423

[fehro]

Wow! some longs really wanted out in the first half hour

definitely not normal behavior for a bull market,

i was able to close some portion of calls first 15 minutes, then chased 'em all the way down...so much for an edge at least its not a loss...now I got short in the hole and nervously watching strength in tranny, hope xlv don't rally now

looks kind of negative if r2k heads south from this level

1aiwm30min.png

...entering sell the rally mode? for the next few months? for a change...

[TraderGirl]

Time cycle on Dow could be in effect...time cycle on the hourly bar 11am EST...

I've got a time signal for 10:58 a.m

66.png

[Heck]

Closed DIA puts and bot QQQ calls

[TraderGirl]

If we bounce before we get to that trendline support then another possibility is that we hit that support tomorrow morning...there is another time cycle around 10am EST...

[fehro]

SPX 5m notice blue triangle..high speculative.... if we chop till Friday's afternoon

[KENA]

Note the chart showing the RSI..Now in dn trend and about to cross the line..Also note the MACD is coming dn..Compare with the NYSE and the see that the mkt may have more to go dn before trying to head for 1720/1730.

chart by stocktiminf

[joegamma]

Wow! some longs really wanted out in the first half hour

definitely not normal behavior for a bull market,

...entering sell the rally mode? for the next few months? for a change...

Kinda gun shy, ben pomo has ripped my face off sooo many times this year...but internals and breadth I/T are no longer very bullish, somewhat neutral to bearish, particualarly small cap breadth and volume momentum...looks wise to get more short on a break below these levels, XLV was last bastion of strength for r2k, tranny popped and stalled, here is IYT

[jarbo456]

Time cycle on Dow could be in effect...time cycle on the hourly bar 11am EST...

I've got a time signal for 10:58 a.m

66.png

glad to see you back man.

[user13]

Hindenburg triggered this week, and we had 3 in a short time frame which makes it much more reliable.

[fehro]

Wow! some longs really wanted out in the first half hour

definitely not normal behavior for a bull market,

...entering sell the rally mode? for the next few months? for a change...

Kinda gun shy, ben pomo has ripped my face off sooo many times this year...but internals and breadth I/T are no longer very bullish, somewhat neutral to bearish, particualarly small cap breadth and volume momentum...looks wise to get more short on a break below these levels, XLV was last bastion of strength for r2k, tranny popped and stalled, here is IYT

The attachment 1a-iyt.png is no longer available

Yes we have been trained very well for the last few months/year to buy the dip.. which makes me a tad nervous.. on a side note I believe another "Hindenburg Omen" was triggered on Monday's close. Take that with a grain of salt. From David Ledrew stockchart public charts..

[TraderGirl]

Hindenburg triggered this week, and we had 3 in a short time frame which makes it much more reliable.

user13...you should give a link of where you got this chart...I've seen it before....

[Al_Dente]

banks are weak

[Cobra]

members only update at 11:19 am
http://www.cobrasmarketview.com/2013/08 ... ay-update/

[uempel]

TraderLady, you were 15 minutes late, I was 13 minutes late...

Time cycle on Dow could be in effect...time cycle on the hourly bar 11am EST...

I've got a time signal for 10:58 a.m

66.png

glad to see you back man.