04/17/2014 Live Update

[Varaha]

im still bearish. as i charted last nite in yesterday's we only broke the first downtrend line of the correction yesterday. the lower bb breach early in the correction also says we require a lower low. nothing in my composite signal has turned bullish yet -- not even my early warning signal. even something as simple as the MACD on daily SPY has yet to make a bullish cross.

still bearish.

When you say "correction", surely you mean the correction (and in some cases "bear" in individual stocks), right?
The ETF called SPY only declined 4.42% from its 4/4 high at 189.70 down to its 4/11 low at 181.31.

Or did I miss something?

[Al_Dente]

NYSE advancers to decliners: 1.3 to 1
While over on the NASDAQ it is 2 to 1

NYSE up-volume to down-volume: 1.3 to 1
While over on the NASDAQ it is 2.6 to 1

[MrMiyagi]

Mr. M, could you comment if there is a new P-Bar pointing down to ~184.18 right before close yesterday? It is shown on the OX platform, together with that PBar up to ~187.04 near the close of 4/10... Thx.

There was something that popped up yesterday and went away. Can't remember the target but it was down, it is not there today.

[fehro]

SPX 5m... struggling.. but VIX is weak..

[DellGriffith]

im still bearish. as i charted last nite in yesterday's we only broke the first downtrend line of the correction yesterday. the lower bb breach early in the correction also says we require a lower low. nothing in my composite signal has turned bullish yet -- not even my early warning signal. even something as simple as the MACD on daily SPY has yet to make a bullish cross.

still bearish.

When you say "correction", surely you mean the correction (and in some cases "bear" in individual stocks), right?
The ETF called SPY only declined 4.42% from its 4/4 high at 189.70 down to its 4/11 low at 181.31.

Or did I miss something?

Well I guess we all have different definitions.

[TraderGirl]

im still bearish. as i charted last nite in yesterday's we only broke the first downtrend line of the correction yesterday. the lower bb breach early in the correction also says we require a lower low. nothing in my composite signal has turned bullish yet -- not even my early warning signal. even something as simple as the MACD on daily SPY has yet to make a bullish cross.

still bearish.

When you say "correction", surely you mean the correction (and in some cases "bear" in individual stocks), right?
The ETF called SPY only declined 4.42% from its 4/4 high at 189.70 down to its 4/11 low at 181.31.

Or did I miss something?

Hey Varaha, that's a pretty snarky comment...which was not deserved...

Have you paid attention to the Russell or NDX?? 9-10% CORRECTION.... that was not a pullback....so please be respectful of the other people on the site...

[Out of Bounds]

im still bearish. as i charted last nite in yesterday's we only broke the first downtrend line of the correction yesterday. the lower bb breach early in the correction also says we require a lower low. nothing in my composite signal has turned bullish yet -- not even my early warning signal. even something as simple as the MACD on daily SPY has yet to make a bullish cross.

still bearish.

When you say "correction", surely you mean the correction (and in some cases "bear" in individual stocks), right?
The ETF called SPY only declined 4.42% from its 4/4 high at 189.70 down to its 4/11 low at 181.31.

Or did I miss something?

Hey Varaha, that's a pretty snarky comment...which was not deserved...

Have you paid attention to the Russell or NDX?? 9-10% CORRECTION.... that was not a pullback....so please be respectful of the other people on the site...

Yep. If we start arguing semantics, then we stifle contribution to the site. I would rather hear people contribute meaningful descriptions of what they believe is happening in the market than see people stick to strict definitions of terms. The worst is when people throw up messy charts with no description at all. Snarky, negative comments contribute nothing.

[Heck]

IBB Biotech -25%

[DellGriffith]

Thanks guys.

I'm just one opinion, and try to put some things out there if time allows. There's no guarantee I'm correct. I recognize some patterns. These patterns work...until they don't!

[TraderGirl]

im still bearish. as i charted last nite in yesterday's we only broke the first downtrend line of the correction yesterday. the lower bb breach early in the correction also says we require a lower low. nothing in my composite signal has turned bullish yet -- not even my early warning signal. even something as simple as the MACD on daily SPY has yet to make a bullish cross.

still bearish.

When you say "correction", surely you mean the correction (and in some cases "bear" in individual stocks), right?
The ETF called SPY only declined 4.42% from its 4/4 high at 189.70 down to its 4/11 low at 181.31.

Or did I miss something?

Hey Varaha, that's a pretty snarky comment...which was not deserved...

Have you paid attention to the Russell or NDX?? 9-10% CORRECTION.... that was not a pullback....so please be respectful of the other people on the site...

Yep. If we start arguing semantics, then we stifle contribution to the site. I would rather hear people contribute meaningful descriptions of what they believe is happening in the market than see people stick to strict definitions of terms. The worst is when people throw up messy charts with no description at all. Snarky, negative comments contribute nothing.

[TraderGirl]

IBB Biotech -25%

Exactly!

[Varaha]

im still bearish. as i charted last nite in yesterday's we only broke the first downtrend line of the correction yesterday. the lower bb breach early in the correction also says we require a lower low. nothing in my composite signal has turned bullish yet -- not even my early warning signal. even something as simple as the MACD on daily SPY has yet to make a bullish cross.

still bearish.

When you say "correction", surely you mean the correction (and in some cases "bear" in individual stocks), right?
The ETF called SPY only declined 4.42% from its 4/4 high at 189.70 down to its 4/11 low at 181.31.

Or did I miss something?

Hey Varaha, that's a pretty snarky comment...which was not deserved...

Have you paid attention to the Russell or NDX?? 9-10% CORRECTION.... that was not a pullback....so please be respectful of the other people on the site...

No, I totally agree --- a lot of individual stocks and sectors are in a CORRECTION, I think I even mentioned the word "bear" -- many (stocks) are down 30, 40 % !!
I was just confused about the term "SPY correction" which was being bandied about.

I don't know why you were so angry at me?

[Cobra]

H&S Top, I wish.

[fehro]

SPX 5m.. still struggling.. break pink.. look for blue support.. 20d SMA 1851ish.. or fill the gap should it keep falling

[Out of Bounds]

im still bearish. as i charted last nite in yesterday's we only broke the first downtrend line of the correction yesterday. the lower bb breach early in the correction also says we require a lower low. nothing in my composite signal has turned bullish yet -- not even my early warning signal. even something as simple as the MACD on daily SPY has yet to make a bullish cross.

still bearish.

When you say "correction", surely you mean the correction (and in some cases "bear" in individual stocks), right?
The ETF called SPY only declined 4.42% from its 4/4 high at 189.70 down to its 4/11 low at 181.31.

Or did I miss something?

Hey Varaha, that's a pretty snarky comment...which was not deserved...

Have you paid attention to the Russell or NDX?? 9-10% CORRECTION.... that was not a pullback....so please be respectful of the other people on the site...

No, I totally agree --- a lot of individual stocks and sectors are in a CORRECTION, I think I even mentioned the word "bear" -- many (stocks) are down 30, 40 % !!
I was just confused about the term "SPY correction" which was being bandied about.

I don't know why you were so angry at me?

I think your post might have come across with a tone you did not intend to convey. It happens ....
No worries.

[TraderGirl]

im still bearish. as i charted last nite in yesterday's we only broke the first downtrend line of the correction yesterday. the lower bb breach early in the correction also says we require a lower low. nothing in my composite signal has turned bullish yet -- not even my early warning signal. even something as simple as the MACD on daily SPY has yet to make a bullish cross.

still bearish.

When you say "correction", surely you mean the correction (and in some cases "bear" in individual stocks), right?
The ETF called SPY only declined 4.42% from its 4/4 high at 189.70 down to its 4/11 low at 181.31.

Or did I miss something?

Hey Varaha, that's a pretty snarky comment...which was not deserved...

Have you paid attention to the Russell or NDX?? 9-10% CORRECTION.... that was not a pullback....so please be respectful of the other people on the site...

No, I totally agree --- a lot of individual stocks and sectors are in a CORRECTION, I think I even mentioned the word "bear" -- many (stocks) are down 30, 40 % !!
I was just confused about the term "SPY correction" which was being bandied about.

I don't know why you were so angry at me?

Well, I'm not angry, just don't like snarky comments to posters who are trying to contribute. I appreciate constructive info...so let's focus on providing helpful info no worries...

[TraderGirl]

potential 5 waves down on SPY...

have to keep cognizant of a potential fib turn at 10am PST...

[MrMiyagi]

H&S Top, I wish.

Who wants to hold through a long weekend with Russkies running around Communizing the world?

[fehro]

SPX 5m.. testing, testing... pink again

[TraderGirl]

H&S Top, I wish.

Who wants to hold through a long weekend with Russkies running around Communizing the world?

Probably not a good idea...