07/26/2012 Live Update

[SB73]

Just in case we go down from here, don´t looks like wanna go higher

a break out above HOD, then I think Benanke wave higher is in play.

Shorted here with a stop a little above the HOD. Will get long again with a breakout above the HOD. Don't like my chances on this one.

If you want to short why not IWM or TNA. the odds is better on evil side in comparison to SPY/SSO

Actually bought some SPY and IWM puts. Have moved stop up to break even. I know bulls don't rollowver easily.

[joe-gamma]

There is a very strong signal at 2;45 p.m

3.png

thank you Uempel.
Any more thoughts regarding last weekend? you seemed to be looking for upside / contrarian squeeze...
any ideas on timeframe?
thx, Joe

[sgregs]

IWM not following RUT.

Is that bearish or bullish ?

It is unacceptable!!! IWM is ETF for RUT.

The RUT is trading below the 200 mda and TF September contract is 770.20 only up .43% on the day and well below other averages.

RUT usually leads the market because it has a larger grouping of stocks (2000) - market rise today doesn't show a lot of breadth and has all of the signs of another liquidity ramp job (like a heroin fix to a junkie).

[Al_Dente]

OK, let me know next time you want to hear from me, I got something I really want to say right now, but I am not gon na say it.

[

GIVE IT TO ME NOW I CAN’T WAIT
In return u get choice 1) more nonsense, or 2) yr girlfriend song, or 3) a chart i may or may not have stolen from you

Daily bull/bear bars should confirmed Bull but not, the day like today most likely a bull trap, now #2 pls

NO WAY, that tiny ‘lil tidbit does NOT qualify 4 girlfriend song, only 4 nonsense:
“Printer’s Proof,” upcoming wedding, from the bonkers side of the family
http://screencast.com/t/uTj3q0ESrtn

[MrMiyagi]

A green end to the week tomorrow?

Not sure what button to pull out in 50 minutes.

[TraderGirl]

Joe: in the old days (Q4, 2011 and Q1, 2012) DBV used to track SPY quite precisely
Now it diverges…………
This is just 15 days

726dbv2.png

thanks for your input on /DX Al...

ahh, its wonderful to have a few good old timers like Al and BB to remind us,
Thanks for dbv/ liquidity inputs...!

T-Girl: your cycles indicate a turn near EOM 7/31?

It's a lunar turn, could be a crest or trough nearby....thought we'd start to turn down here today or tomorrow.....??? possibly into Aug 1-3rd, but cycles can invert, but the price action could support this....

[joe-gamma]

T-Girl: your cycles indicate a turn near EOM 7/31?[/quote]

It's a lunar turn, could be a crest or trough nearby....thought we'd start to turn down here today or tomorrow.....??? possibly into Aug 1-3rd, but cycles can invert, but the price action could support this....[/quote]

thanks for the input! GL and send more pics of that shiny Silver Martin ragtop

[BullBear52x]

Joe: in the old days (Q4, 2011 and Q1, 2012) DBV used to track SPY quite precisely
Now it diverges…………
This is just 15 days

726dbv2.png

thanks for your input on /DX Al...

ahh, its wonderful to have a few good old timers like Al and BB to remind us,
Thanks for dbv/ liquidity inputs...!

T-Girl: your cycles indicate a turn near EOM 7/31?

It's a lunar turn, could be a crest or trough nearby....thought we'd start to turn down here today or tomorrow.....Bull Trap??? possibly into Aug 1-3rd, but cycles can invert, but the price action could support this....

Thank you for verify the red High lighted

[uempel]

There is a very strong signal at 2;45 p.m

The attachment 3.png is no longer available

thank you Uempel.
Any more thoughts regarding last weekend? you seemed to be looking for upside / contrarian squeeze...
any ideas on timeframe?
thx, Joe

Well, I didn't expect a dip down to 1325. There was too much bad news and everybody was so bearish - I don't short that kind of market (and I didn't long it either on Monday).

Today I was long in the early morning, but I'm out now. We're planning to go on holiday for 10 days and I don't want to have any open positions.

As to the next few days - no idea. But as long as the traders hope Bernanke will provide liquidity I don't see a break of support at 1310/20. A break of that level would result in a huge dip

[Unique]

viewtopic.php?f=2&t=559&p=77556&hilit=cross#p77556

MrMiyagi, we're awfully close now.

Your chart from May 29, 2012

[fehro]

fwiw,...inverted hammer/gravestone on the SPX 60 m lower high.... interesting volume this morning's pop..
sandwiched between two larger red bars.

[seeyou]

Big put option blocks at ask all the way to aug 170s on AMZN ahead of earnings .. similar pattern to CMG last week . NFLX this week

[TraderGirl]

XIV says now that we have a lower low, it should at least be tested again....

[Al_Dente]

PAGING THE BARON
My VERY best man, which I will NEVER share with you (VXZ:VXX) points to p*o*s*s*i*b*l*e
BULL but it could be BULL SHITE

[MrMiyagi]

MrMiyagi, we're awfully close now.

I've been waiting Month end to update that; here you go:

wait...

[jdow]

There is a very strong signal at 2;45 p.m

3.png

thank you Uempel.
Any more thoughts regarding last weekend? you seemed to be looking for upside / contrarian squeeze...
any ideas on timeframe?
thx, Joe

Well, I didn't expect a dip down to 1325. There was too much bad news and everybody was so bearish - I don't short that kind of market (and I didn't long it either on Monday).

Today I was long in the early morning, but I'm out now. We're planning to go on holiday for 10 days and I don't want to have any open positions. IWM consolidating at low’s, looking to short IWM with the help Uempel’s time chart. thank you Uempel

As to the next few days - no idea. But as long as the traders hope Bernanke will provide liquidity I don't see a break of support at 1310/20. A break of that level would result in a huge dip

[jdow]

IWM consolidating at low’s, looking to short IWM with the help Uempel’s time chart. thank you Uempel

[Petsamo]

It might be time for IWM to rally

[fehro]

seems 12500 is an important number to stay above on the dow...

MrMiyagi, we're awfully close now.

Your chart from May 29, 2012

[Kato]

I like to look at OEX relative to RUT to get a sense of risk on or risk off. Outperformance of large caps vs small caps is a warning sign. Check out the similar pattern today and that of 2007 in the OEX:RUT chart. Interesting. If history repeats the market may be in for some hurt.