12/11/2013 Live Update

[BullBear52x]

Another look of why bulls will have a hard time ahead, fear gauge.

[uempel]

oK, ONE MORE TRY FOR ME...

Why didn't you wait another 85 minutes

[koolblue]

cause it just hit the termination ratio (for this phase of the decline, its oversold all timeframes up to 60 min and my cycle bottoms now...

[koolblue]

Trading the dec ES and just going for a couple handles...

[joegamma]

Update:

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thanks Uempel! I began exiting shorts too soon, again

[essessme]

The first hour of tick has the hallmark if a trend day - along with downside breadth of 3:1 - suggests bounces should be viewed with suspicion translation today's mantra STFB

[Cobra]

consolidation instead of rebound, bias still is down.

[uempel]

Update:

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thanks Uempel! I began exiting shorts too soon, again

I'm not sure if there is much further downside, but the time signal is very clearly pointing to 1:00 p.m. (on the 5 min) and 1:00 - 2:00 p.m. (on the 60 min). I feel much safer when I trade with a good y-axis support/resistance and a good x-axis signal. The x-axis signal reduces risk, helps me avoid a possible break of support if I long too early

[koolblue]

oK, ONE MORE TRY FOR ME...

Why didn't you wait another 85 minutes

[KeiZai]

KeiZai, I might long DAX 9030ish...

I like long there too but not going to take it atm maybe long scalp tomorrow I think there is gonna be failed HnS breakdown aka bear trap (now testing the neckline)

The attachment DAX-hh.png is no longer available

ZigZag on DAX targets 9020ish too...

IN short-term could be descending triangle wave4 (my preferred) or diagonal wave 5 (with double bottom?)so some kind of bigger bottom should be close better R/R is now definitely on the bulls side IMHO but in the bigger picture decline is most likely in 5 waves so after corrective 3 waves back there is gonna be another shorting opportunity for another 5waves down (c-wave)

[joegamma]

Update:

1.png

thanks Uempel! I began exiting shorts too soon, again

I'm not sure if there is much further downside, but the time signal is very clearly pointing to 1:00 p.m. (on the 5 min) and 1:00 - 2:00 p.m. (on the 60 min). I feel much safer when I trade with a good y-axis support/resistance and a good x-axis signal. The x-axis signal reduces risk, helps me avoid a possible break of support if I long too early

good point And Thanks for Ellipses!,
feels like trenddaydown (how long has that been....) but iwm has substantial support here 110 evenish (may be resistance in a minute and Denal's expectation a few day's ago of plunge to 109half would be more applicable, time will tell.

[Mr. BachNut]

In case you have forgotten about it...this P-Bar from last week is coming into view.
Let's see if it gets tagged.

[BullBear52x]

3rd time is a charm it is

[zudec]

Thanks! denali92 and Mr. Bachnut...really appreciate your responses

[uempel]

In case you have forgotten about it...this P-Bar from last week is coming into view.
Let's see if it gets tagged.

SPY 179.01.png

Thanks BachNut, I had lost it somewhere on my desk

[fehro]

RUT 60m... undercutting it's 50d SMA .. atm 1105ish...

[fehro]

SPX 5m.... Ahoy!..... GAP BELOW!... hahahaha

[Denali92]

I Like STFB.... It has been a LONG time since that has been used..... and ONLY for day trades..... since 2011.....

Last trend day was on 19-Nov..... just remember Uempel's time signal.... as that trend day ended at 2:30pm and we bounced fairly hard!

-D

The first hour of tick has the hallmark if a trend day - along with downside breadth of 3:1 - suggests bounces should be viewed with suspicion translation today's mantra STFB

[uempel]

Champix, went long fdax december at 9062... (I'll add up if it goes down to 9030ish)

[L_T]

SPY 5 min yesterday and today to show strength of down day today.