07/23/2012 Live Update

[MrMiyagi]

I show TRIN above 6 only five times in the last year (counting today)
100% next day bull (but too small a sample?)

The only downside for TRIN today is at this point is quite low. It would be probably more effective if it finished in the 2.00+ range but that means a big drop in the market.

Maybe that is what IWM is trying to signal;

[Cobra]

volume surge, overshot, so again, hopefully a small pullback here.

[MrMiyagi]

This is Nuckin' Futs!

[BullBear52x]

Up volume is too weak, right at the moment is nothing more than a over sold relief.

[fehro]

channel tag and/or right shoulder?

[MrMiyagi]

[Petsamo]

Too early for Pets spreadsheet view for Tuesday open?

Europe dropped too far. Unless we finish with a big white candlestick, it's still looking like a gap down. The daily chart looks like a downleg is underway

[Cobra]

Hi cobra,

Long time follower, first time poster.

Hey you use to post that on a day with a gap open higher than the previous day's high or lower than the previous day's low that the chances of the close being above (if gap up) the open or below (if gap down) the open were high. Did that correlation fall apart at some time in the past? I haven't seen that post in a while.

Thanks
Moe

first of all, welcome aboard!

It never was a higher odds. You can check "Getting Started" for 3 type of morning gaps. I just read that, never back tested it and from my experiences: don't count on it. especially if the gap is on the downside.

[Cobra]

pullback indeed, ironically, it's already what bear could hopeful. now the support. let's see.

[uempel]

Up and down the 390...

[Cobra]

according to 15 min chart, this current 15 min bar should be red because the previous bar could be an exhaustion bar, bears need pray, another 15 min red bar here.

[CarlosDK]

Cobra:

Your view with AAPL today or daily chart ? Just would be interesting to see if "chart" can predict the earnings possible - what do you think of chart looking at AAPL ?

[Al_Dente]

Why do folks ban short selling…circle one:
a) They r stooopid, as BUY-to-cover shorts are often the ONLY buy orders in sight to prop up the mkt.
b) They r stoopid because statistics show that the markets are down and continue down when the ban is lifted (I don’t have link)
c) They r stoopid as banning shorts solves nothing
[Spain ETF is in grey here; Italy green]

[Cobra]

here comes bears pray time, now is bears' best chance to make the very first 1st lower low.

[MrMiyagi]

Filter dude asleep at the switch?

[Cobra]

Cobra:

Your view with AAPL today or daily chart ? Just would be interesting to see if "chart" can predict the earnings possible - what do you think of chart looking at AAPL ?

chart says might be another leg up (so maybe this means the ER would be good) but the rebound is no strong enough to a new high (so maybe imply that ER good, bounce, then sold off). Just a wild guess as ER really hard to say.

[CarlosDK]

Cobra: what is your "wildest" guess into close ?

[Cobra]

normally, should another push up trying to make a new high, if it fails then it's bears turn finally. let's see.

[Himoe]

Hi cobra,

Long time follower, first time poster.

Hey you use to post that on a day with a gap open higher than the previous day's high or lower than the previous day's low that the chances of the close being above (if gap up) the open or below (if gap down) the open were high. Did that correlation fall apart at some time in the past? I haven't seen that post in a while.

Thanks
Moe

first of all, welcome aboard!

It never was a higher odds. You can check "Getting Started" for 3 type of morning gaps. I just read that, never back tested it and from my experiences: don't count on it. especially if the gap is on the downside.

\

Thanks

[Cobra]

Cobra: what is your "wildest" guess into close ?

no idea.