07/25/2012 Live Update

[TraderGirl]

TraderGirl,

How do you see the turn date? what tool? Thanks

Many sources, but this one is from Merriman....

[MrMiyagi]

SPX can't seem to manage another leg up. 15 minutes to PH.

[Cobra]

target if breakout. right now early to say which direction but upside has better chances.

[uempel]

Does anyone know where SWalsh went? Is he back from vacation yet?
Those HFT charts would be valuable at a day like today.
Are the bots holding us up artificially or were they pushing us down yesterday.

Check the P&F chart I posted a moment ago. Nothing artificial here, just hope for further liquidity and dread of a deep fall

I am always amazed if people understand those, especially why they work. I don't bother with that much. I subscribe to Andre Gratian who does this all for me at a very good price and on all time frames (he sends out great intraday info and his cycles are pretty cool too).
Thanks tho!
I still like to see HFT stuff (thanks KeiZai), hence wondering where SWalsh went.

Higher highs and higher lows and then a break of resistance is bullish, lower highs and lower lows and break of support is bearish

[MrMiyagi]

[agunther]

Does anyone know where SWalsh went? Is he back from vacation yet?
Those HFT charts would be valuable at a day like today.
Are the bots holding us up artificially or were they pushing us down yesterday.

Check the P&F chart I posted a moment ago. Nothing artificial here, just hope for further liquidity and dread of a deep fall

I am always amazed if people understand those, especially why they work. I don't bother with that much. I subscribe to Andre Gratian who does this all for me at a very good price and on all time frames (he sends out great intraday info and his cycles are pretty cool too).
Thanks tho!
I still like to see HFT stuff (thanks KeiZai), hence wondering where SWalsh went.

Higher highs and higher lows and then a break of resistance is bullish, lower highs and lower lows and break of support is bearish

Well, a MA can do that for me. I was referring to the fact that P&F can give darn good target projections. If they agree with fib numbers and support and resistance, we have a very high probability. You should give Andre a try (he offers free trial subscription, no CC required).

[MrMiyagi]

Ok, POWER HOUR is upon us, let's see what TPTB will bring forth on this day.

I think SPX has topped but what do I know?

[KeiZai]

one for the road

[g67mjb]

Hi there - new here. When playing the bear/bull game - what types of trades do you guys use for quick in and outs - just some SPY or UPRO or something like ATM short-term options? Sorry if this has been asked a million times.

[TraderGirl]

GDX reacted to this upper channel trend line...

[Cobra]

Hi there - new here. When playing the bear/bull game - what types of trades do you guys use for quick in and outs - just some SPY or UPRO or something like ATM short-term options? Sorry if this has been asked a million times.

Welcome aboard.

[MrMiyagi]

Hi there - new here. When playing the bear/bull game - what types of trades do you guys use for quick in and outs - just some SPY or UPRO or something like ATM short-term options? Sorry if this has been asked a million times.

Don't even think about options!!!!
I use TZA TNA.

[Nrsimha]

518.png

Grey bar = "Unch'ed" ??

[Petsamo]

It's another one of those double tops again

[Al_Dente]

I count that as a double top failure, with a wussie nyadv
Bears have stopped covering for the moment
ooooooooooo here we go (?)

[g67mjb]

Hi there - new here. When playing the bear/bull game - what types of trades do you guys use for quick in and outs - just some SPY or UPRO or something like ATM short-term options? Sorry if this has been asked a million times.

Don't even think about options!!!!
I use TZA TNA.

Thanks MrMiyagi - cool handle

[Cobra]

ok, downside breakout, here's the target. I still don't read chart bearish though, pretty close to neutral plus

[Out of Bounds]

Oh, it's a bear. Killer bear. I hope.

[Nrsimha]

It's another one of those double tops again

It's weird: if you look at the 15-minute bars the MACD is bullish (pos. divergence), whereas
if you look at the 5-minute bars its 'meh'.

[Cobra]

target reached. this pullback is not a good news for bulls because it implies the rebound is weak. I didn't say the rebound is dead though, bulls still have chances just it's weak.