06/14/2014 Weekend Update

[Cobra]

The institutional buying and selling chart (courtesy of stocktiming) shows more accumulation but at very low absolute value, so not necessarily a bullish sign, it's just the distribution is very low, which is very close to a record low now, so again, not a bullish sign.

Smart money shorted a little bit, so nothing bad yet.

I see nothing on AAII. More bulls but I'd like to see extremely extreme, for now it's far from extreme.

[Cobra]

summary of the week's stock picks.
viewtopic.php?f=10&t=1325&p=164668#p164668

[cletus]

Well, to be fair, there are as many "bulls" on this chart as there was at the 2007 peak. I don't think it's a useful survey. The high spike in bulls in 2004/05 didn't lead to a correction. Whether this is something you are supposed to trade with or against, there isn't a clear relationship. I don't trust this survey but I do trust the equity put call ratios, which are EXTREMELY bullish right now (as bullish as right before many previous peaks).

I see nothing on AAII. More bulls but I'd like to see extremely extreme, for now it's far from extreme.

AAII.png

[Cobra]

Well, to be fair, there are as many "bulls" on this chart as there was at the 2007 peak. I don't think it's a useful survey. The high spike in bulls in 2004/05 didn't lead to a correction. Whether this is something you are supposed to trade with or against, there isn't a clear relationship. I don't trust this survey but I do trust the equity put call ratios, which are EXTREMELY bullish right now (as bullish as right before many previous peaks).

I see nothing on AAII. More bulls but I'd like to see extremely extreme, for now it's far from extreme.

AAII.png

I don't read much on AAII and II either.

[MrMiyagi]

SPY2

[Cobra]

preview of the next week's stock picks: viewtopic.php?f=10&t=1333&p=164674#p164674

[tsf]

3139.png

Thank you for all your p-bars, MrMiyagi.
I think you have a whole following on this board.

[esTrader]

The attachment 3139.png is no longer available

In terms of EW count, this is how two pBARs 193.58 and 194.95 get hit next week. Let's see if it plays out in this time sequence.

[MrMiyagi]

Thank you for all your p-bars, MrMiyagi.
I think you have a whole following on this board.

You're welcome tsf, I just post them as I see them...

In terms of EW count, this is how two pBARs 193.58 and 194.95 get hit next week. Let's see if it plays out in this time sequence.

Now wouldn't that be something!!

[Royal Flush]

The attachment 3139.png is no longer available

In terms of EW count, this is how two pBARs 193.58 and 194.95 get hit next week. Let's see if it plays out in this time sequence.

Hi esTrader, I don't know about ES but I see the Russell starting the B wave today.

[esTrader]

The attachment 3139.png is no longer available

In terms of EW count, this is how two pBARs 193.58 and 194.95 get hit next week. Let's see if it plays out in this time sequence.

Hi esTrader, I don't know about ES but I see the Russell starting the B wave today.

The attachment TNA (5 Min) 6_13_2014.jpg is no longer available

As attached, TNA may also have the same EW count as ES. Wave B normally is very complex and is difficult to predict. I am just using MrMiyagi's pBARs to predict its movement.

[gappy]

Capture.PNG

[fehro]

SPY 15m.. short term for Monday/Tuesday… a tad messy.. a few minor patterns.. still a bearish rising wedge olive/cyan.. could move up to the upper cyan channel..(retest red neckline of H&S) .. or orange triangle.. should we chop on Monday.. and resume down on Tuesday.. (continuation triangle) .. break upper cyan.. mind the olive channel ( which could also still morph into a bear flag.. should things stall)

[jademann]

Well since we are being open about this, my VIX emas are saying large move next week between 15 and 17

http://stockcharts.com/h-sc/ui?s=$VIX&p ... 2562907989

[BullBear52x]

Weekly bearish spinning top.

[BullBear52x]

SLV bottom? screaming buy >19

[BullBear52x]

$VIX ratio Buy/Sell at mid BB......is now sell.

[fehro]

AAPL weekly. I know everyone and his dog are bullish on AAPL. All the news, rumours about new iPhones, iwatch and wearables. The weekly candle a tad iffy here and the whole 2013 move up on declining volume (share buybacks?) not terrible bullish. Could next week's AMZN phone release cause a minor pull back/reason to sell the stock only to buy at a lower price ... back to the lower pink $70ish?...only to create an ascending triangle? Should that level hold, the measured target is $145 in late 2015? If there are overall market issues.. then lower channel purple (weekly) red (monthly) prior to resuming it's uptrend. Just conjecture at this point, and price is always king.

[DellGriffith]

[johnnywa]

Better hope it goes straight down cause 1 hour is pointed straight up and 2 hour is about to cross