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02/19/2014 Live Update
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BullBear52x
- Posts: 32004
- Joined: Tue Feb 22, 2011 3:47 pm
Re: 02/19/2014 Live Update
This make me go hmm....sell first ask question later type of deal here, but WDIK?TraderGirl wrote:a break of the trendline is a better setup...starting to look more like a bull flag (annotated his chart below)...but of course if support can't hold then that would be a problem...but the overall structure could be a bull flag within a larger bull flag??...Nrsimha wrote:Calling TraderGirl ---- > I saw your chart the other day regarding $USD (related to UUP) and I was thinking
about that when I saw this article on the Kitco site.
Do you think that USD is turning today, right on the money, and is starting the next wave of EWT (on a daily/weekly basis)
or do you think the scenario unfolding is more like the following:
http://www.kitco.com/ind/Conner/2014-02 ... Place.html
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My comments are for entertainment/educational purpose only. NOT a trade advice.
Re: 02/19/2014 Live Update
BullBear52x wrote:This make me go hmm....sell first ask question later type of deal here, but WDIK?TraderGirl wrote:a break of the trendline is a better setup...starting to look more like a bull flag (annotated his chart below)...but of course if support can't hold then that would be a problem...but the overall structure could be a bull flag within a larger bull flag??...Nrsimha wrote:Calling TraderGirl ---- > I saw your chart the other day regarding $USD (related to UUP) and I was thinking
about that when I saw this article on the Kitco site.
Do you think that USD is turning today, right on the money, and is starting the next wave of EWT (on a daily/weekly basis)
or do you think the scenario unfolding is more like the following:
http://www.kitco.com/ind/Conner/2014-02 ... Place.html
If U.S. Dollar (i.e., $USD index and UUP) continue to tank, it could mean massive rally for equities.
However, if tapering and rate-hike signals by the FED cause the dollar to turn around and strengthen, then watch out below for SPY, DIA, IWM, etc....
Re: 02/19/2014 Live Update
$SPX: So far a 3-wave down leg but this pullback should be larger
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TraderGirl
- Posts: 5031
- Joined: Thu Dec 22, 2011 2:47 pm
Re: 02/19/2014 Live Update
Exactly...Nrsimha wrote:BullBear52x wrote:This make me go hmm....sell first ask question later type of deal here, but WDIK?TraderGirl wrote:a break of the trendline is a better setup...starting to look more like a bull flag (annotated his chart below)...but of course if support can't hold then that would be a problem...but the overall structure could be a bull flag within a larger bull flag??...Nrsimha wrote:Calling TraderGirl ---- > I saw your chart the other day regarding $USD (related to UUP) and I was thinking
about that when I saw this article on the Kitco site.
Do you think that USD is turning today, right on the money, and is starting the next wave of EWT (on a daily/weekly basis)
or do you think the scenario unfolding is more like the following:
http://www.kitco.com/ind/Conner/2014-02 ... Place.html
If U.S. Dollar (i.e., $USD index and UUP) continue to tank, it could mean massive rally for equities.
However, if tapering and rate-hike signals by the FED cause the dollar to turn around and strengthen, then watch out below for SPY, DIA, IWM, etc....
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BullBear52x
- Posts: 32004
- Joined: Tue Feb 22, 2011 3:47 pm
Re: 02/19/2014 Live Update
Sorry, I thought you guys were talking trading UUP/dollar. I do not use UUP/dollar as indicator for the market so I have no clue how to profit using it as indicator, for long term I got better luck with RSI of $BPSPX. try it you will love it. buy the dip until it fails type setup.TraderGirl wrote:Exactly...Nrsimha wrote:BullBear52x wrote:This make me go hmm....sell first ask question later type of deal here, but WDIK?TraderGirl wrote:a break of the trendline is a better setup...starting to look more like a bull flag (annotated his chart below)...but of course if support can't hold then that would be a problem...but the overall structure could be a bull flag within a larger bull flag??...Nrsimha wrote:Calling TraderGirl ---- > I saw your chart the other day regarding $USD (related to UUP) and I was thinking
about that when I saw this article on the Kitco site.
Do you think that USD is turning today, right on the money, and is starting the next wave of EWT (on a daily/weekly basis)
or do you think the scenario unfolding is more like the following:
http://www.kitco.com/ind/Conner/2014-02 ... Place.html
If U.S. Dollar (i.e., $USD index and UUP) continue to tank, it could mean massive rally for equities.
However, if tapering and rate-hike signals by the FED cause the dollar to turn around and strengthen, then watch out below for SPY, DIA, IWM, etc....
- Attachments
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My comments are for entertainment/educational purpose only. NOT a trade advice.
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DellGriffith
- Posts: 1803
- Joined: Sun Aug 25, 2013 5:24 pm
Re: 02/19/2014 Live Update
http://www.pikertrader.com/spy-7s-bars- ... rical-look
A historical analysis of SPY closing higher for 7 days in a row that I stumbled upon. It was written on March 11th, 2013.
A historical analysis of SPY closing higher for 7 days in a row that I stumbled upon. It was written on March 11th, 2013.
SPY has now closed green for 7 bars/trading days straight, enjoying a great climb upwards off its low from December. The 7 bars up has only a happened a handful of times so lets look at these historical moves. Historically, when this occurs the market corrects its self slight only to rally higher and have a larger correction later.
bearish as of SPY 406 on 2/17/23
currently: end bearish as of SPY 406 on 3/6/23
currently: end bearish as of SPY 406 on 3/6/23
Re: 02/19/2014 Live Update
Bounce Point = 50dma = 1813.6. Lower channel (2day) = 1819. Good support line at 1815 from 1-13-14 low. GLTA
Flip that coin.
Legal note:Don't believe anything I say above. You may lose yourA$$..
My chart has Daily Elders (Close, High, and Low), MA-2, CCI, and ATR for each stock; all color coded.
Legal note:Don't believe anything I say above. You may lose yourA$$..
My chart has Daily Elders (Close, High, and Low), MA-2, CCI, and ATR for each stock; all color coded.
Re: 02/19/2014 Live Update
My satisfaction always came from beating the market, solving the puzzle. The money was the reward, but it was not the main reason I loved the market (Jess Livermore)