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06/12/2015 Live Update

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finman66
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Re:

Post by finman66 »

MrMiyagi wrote:
rr.png

Beware Greeks promising counter proposals .......................... just sayin ;) :lol: :lol: :lol: :lol:
fehro
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Re: 06/12/2015 Live Update

Post by fehro »

INDEX days.. either ther RUT is leading or lagging....hardly moving . .I'll say it's lagging.. ugly candle configuration on daily RUT ... VIX back over 20d/50d.. NDX test 50d SPX/INDU <50d
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DellGriffith
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Re: 06/12/2015 Live Update

Post by DellGriffith »

Unfortunately, my SPY update today is not timely....

Yesterday, SPY clearly closed above the downtrend line established by wave A down of the correction. That signals that wave B up has begun. By my book, that is a good short as long as you can get a price above that downtrend line. Unfortunately, wave B up can be brief....REALLY brief. As it turns out, we opened with a gap down below the downtrend line again. It IS possible that wave B up only lasted 3 trading days, terminating yesterday, and wave C down has begun.

Confirmation of wave C down will be a drop below the June 9th low (or tying it more or less). Until then, we could still be in wave B up with today representing a throwback under the downtrend line.

I didn't short because I was waiting for market open today to do so, and we got that gap down which makes it too risky for me.

Overall, I still prefer to measure corrections as ABC because most are ABC.
bearish as of SPY 406 on 2/17/23
currently: end bearish as of SPY 406 on 3/6/23
uempel
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Re: 06/12/2015 Live Update

Post by uempel »

Update:
hgt.png
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Cobra
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Re: 06/12/2015 Live Update

Post by Cobra »


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Al_Dente
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Re: 06/12/2015 Live Update

Post by Al_Dente »

Yesterday, XIV hit seven cents shy of an all-time-high.
What’s next?
Since forever on XIV, the Vortex Indicator (top panel) has a perfect record of calling tops. Sometimes it’s a minor top, sometimes it’s a major top.
As this is a WEEKLY CHART, it can take a while to work out
612xiv vortex.png.png
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
fehro
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Re: 06/12/2015 Live Update

Post by fehro »

SPX .. tagging bottom of triangle...
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BullBear52x
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Re: 06/12/2015 Live Update

Post by BullBear52x »

tick tox tick tox it cliff warning.
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1.PNG
My comments are for entertainment/educational purpose only. NOT a trade advice.
fehro
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Joined: Fri Sep 02, 2011 2:06 pm

Re: 06/12/2015 Live Update

Post by fehro »

DellGriffith wrote:Unfortunately, my SPY update today is not timely....

Yesterday, SPY clearly closed above the downtrend line established by wave A down of the correction. That signals that wave B up has begun. By my book, that is a good short as long as you can get a price above that downtrend line. Unfortunately, wave B up can be brief....REALLY brief. As it turns out, we opened with a gap down below the downtrend line again. It IS possible that wave B up only lasted 3 trading days, terminating yesterday, and wave C down has begun.

Confirmation of wave C down will be a drop below the June 9th low (or tying it more or less). Until then, we could still be in wave B up with today representing a throwback under the downtrend line.

I didn't short because I was waiting for market open today to do so, and we got that gap down which makes it too risky for me.

Overall, I still prefer to measure corrections as ABC because most are ABC.
Thanks for the update!
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Al_Dente
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Re: 06/12/2015 Live Update

Post by Al_Dente »

The longer-term channels are still being respected here
612bull channels.png.png
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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BullBear52x
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Re: 06/12/2015 Live Update

Post by BullBear52x »

Continuation triangle or a right shoulder of IHS? Trend following is to bet on continue down.
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Cobra
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Re: 06/12/2015 Live Update

Post by Cobra »

100% mm? not sure.
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joeynickels
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Re: 06/12/2015 Live Update

Post by joeynickels »

Al_Dente wrote:Yesterday, XIV hit seven cents shy of an all-time-high.
What’s next?
Since forever on XIV, the Vortex Indicator (top panel) has a perfect record of calling tops. Sometimes it’s a minor top, sometimes it’s a major top.
As this is a WEEKLY CHART, it can take a while to work out
612xiv vortex.png.png

Interesting chart. Thanks for sharing Al.
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Al_Dente
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Re: 06/12/2015 Live Update

Post by Al_Dente »

joeynickels wrote: Interesting chart. Thanks for sharing Al.
:D
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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gappy
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Re: 06/12/2015 Live Update

Post by gappy »

Lunchtime lookin. Watching the Zweig/spy price divergence. It will sync after awhile. Just weak now, need to see more. Daily.
Capture.PNG
‘the petrodollar is our currency and our problem’....Gappy
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gappy
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Re: Re:

Post by gappy »

finman66 wrote:
MrMiyagi wrote:
rr.png

Beware Greeks promising counter proposals .......................... just sayin ;) :lol: :lol: :lol: :lol:
Greece/Turkey embrace a bric umbrella affiliation...market produces a good dip.
‘the petrodollar is our currency and our problem’....Gappy
uempel
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Re: 06/12/2015 Live Update

Post by uempel »

This system suggests that if BPNYA is weak next week (weak next week - I like that :lol: :lol: :lol: ) SPX might correct quite a bit.
poi.png
fehro
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Re: 06/12/2015 Live Update

Post by fehro »

SPX .. weak triangle... can't even drift up to the upper side..
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gappy
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Re: 06/12/2015 Live Update

Post by gappy »

Back to the diamond auction. 15 minute.
Capture.PNG
This is where the ponzi would kick in. Maybe the Fed does fear the inequality issue.
Capture.PNG
:? :D
‘the petrodollar is our currency and our problem’....Gappy
fehro
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Re: 06/12/2015 Live Update

Post by fehro »

TRIN > 2.0
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