12/04/2013 Live Update

[BigChief]

Today's bottom doesn't look good, to me it looks very temporary

Intraday NYMO went as low as -48 and bounced off the Lower Bollinger band (20,2.0). It's still under the Lower Bollinger band of the 10,1.9 setting.

So...you are saying a bottom still has a chance

[fehro]

should we pop up hard into the close.. invs H&S SPX 5m...

[Cobra]

well, didn't know the pullback this shallow. the rebound shall have legs.

[BullBear52x]

Sell program to the close?

Bears waiting station.

[MrMiyagi]

So...you are saying a bottom still has a chance

Maybe. It's close to a bottom otherwise.

[Cobra]

volume surge, biggest bar, so hopefully a pullback here first which likely would be bought.

[L_T]

The Detrended Price Oscillator (DPO) is an indicator designed to remove trend from price and make it easier to identify cycles. DPO does not extend to the last date because it is based on a displaced moving average. However, alignment with the most recent is not an issue because DPO is not a momentum oscillator. Instead, DPO is used to identify cycles highs/lows and estimate cycle length.

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Can you add some explanation to this? As a trend follower I watch price for signs of the trend. If it removes the trend what am I seeing here? Am I missing something obvious?

[uempel]

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

Miyagi, you did it again

[BullBear52x]

Mr. T gold chains may not gone worthless, there is sign of life on extreme counter trend here.

[MrMiyagi]

Miyagi, you did it again

I have powerful friends...

[Cobra]

members only update at 3:39 pm
http://www.cobrasmarketview.com/2013/12 ... ay-update/

[BullBear52x]

South bound train, all aboard.....

[RealMoneyIssues]

South bound train, all aboard.....

not likely, there is no fear in this market, it will never go down again...

[simpletrader]

South bound train, all aboard.....

How is oil in your time frame?

[fehro]

SPX 5m... if we stall here.. .. doji on the daily...

[BullBear52x]

South bound train, all aboard.....

not likely, there is no fear in this market, it will never go down again...

this is when they separate a woman from the girls.

[fehro]

South bound train, all aboard.....

not likely, there is no fear in this market, it will never go down again...

seems fear wants to close above the 50d 200d SMA .. today anyways....

[Cobra]

well, guess that's it for today. it's a bullish reversal day, the market still pretty much in buy every dip mode. thank you guys, I'll see you tomorrow.

before the close, please take a little time to vote for me, thanks. https://stockcharts.com/public/1684859/tenpp

[BullBear52x]

South bound train, all aboard.....

How is oil in your time frame?

For mid to long term setup = Buy.
since it's new buy, I'll take 50% off the table (given you already in longs) once RSI drop <70, no so lid stop atm.

[Auole]

Cuz TOS has me on meanwhile quarantine from buy-sell same day, I right nearly bot a put on WHR retrace because of: see DIA pink ovals with similarities to CCI moves

But this little small oh so still voice kept saying, this here market aint' 'xactly the same and there were these bottoming tails on R2K,NasDq, Dow,@ 11a.m. Idaho, which really irritate me when they are on lower low indicators, etc. and a cobra style measured move was hit -see WHR orange rectangles. @ moment, either we get a retrace back up here or it's all the way down??