08/10/2012 Live Update

[Cobra]

looks like bulls dream come true.

[rc1269]

looks like bulls dream come true.

agree... frustratingly. everybody still seems to be looking for that plunge. can't recall the last time we tanked when everybody was looking/hoping for it...

[EvilTrader]

Yesterday's sentiment result.
http://www.aaii.com/sentimentsurvey/sent_results

Its a contrarian indicator, but as any indicator, it may take some time to work.

[Al_Dente]

On one chart: the slowdown in China and U.S. export growth
http://www.marketwatch.com/story/charti ... =rss&rss=1

30min update

[Cobra]

maybe a symmetrical triangle here, so the bias is on the upside.

[fehro]

a little messy.. more lines.. but a bear flag/wedge? fwiw

[Tutti]

Yesterday's sentiment result.
http://www.aaii.com/sentimentsurvey/sent_results

Its a contrarian indicator, but as any indicator, it may take some time to work.

Just my $0.02U$D:

• You have retail getting bullish
  Volume on this wedge up at multi-year lows
  Price nearing multi-year highs.

It may take time, but one has to think the risk is growing to the downside not to the upside...

[EvilTrader]

Yesterday's sentiment result.
http://www.aaii.com/sentimentsurvey/sent_results

Its a contrarian indicator, but as any indicator, it may take some time to work.

Just my $0.02U$D:

• You have retail getting bullish
  Volume on this wedge up at multi-year lows
  Price nearing multi-year highs.

It may take time, but one has to think the risk is growing to the downside not to the upside...

exactly. Eventually, it works out.

But it may shoot a lot higher before crashing hard. So, you either accept a huge drawdown or you play it step by step.

[Tutti]

Yesterday's sentiment result.
http://www.aaii.com/sentimentsurvey/sent_results

Its a contrarian indicator, but as any indicator, it may take some time to work.

Just my $0.02U$D:

• You have retail getting bullish
  Volume on this wedge up at multi-year lows
  Price nearing multi-year highs.

It may take time, but one has to think the risk is growing to the downside not to the upside...

exactly. Eventually, it works out.

But it may shoot a lot higher before crashing hard. So, you either accept a huge drawdown or you play it step by step.

Big drawdowns are against my trading plan. However, if we squeeze to new highs I don't mind putting out some pilot positions and see how they fair. Eventually the bears will turn the tide - even if they dont find their footing until after the election or the start of the new year...

[Cobra]

2 legged pullback on this leg up, not much damage, so the bias still is up.

[Al_Dente]

TESTING ONLY FOR HARAPA ONLY

I had to remove QQQ to get XIV in there…… did NOT want to do that……….
Problem: the “softies” at the bottom ARE NOW ALL ON IWM
(good if u only trade IWM/TNA/TZA but maybe better if I rearrange to have them ALL ON SPY?? hmmmm…. otherwise needs THREE separate charts 4 softies..

[fehro]

longer trendlines... almost a week now battling the pink trendline/neckline H&S from last spring

[jarbo456]

anyone taking out insurance on their long term portfolios?

eg buying TLT, writing covered calls, or just buying a few OTM puts?

[agunther]

anyone taking out insurance on their long term portfolios?

eg buying TLT, writing covered calls, or just buying a few OTM puts?

Always.
Not buying TLT though.

[Tutti]

anyone taking out insurance on their long term portfolios?

eg buying TLT, writing covered calls, or just buying a few OTM puts?

Always.
Not buying TLT though.

just increasing cash levels

[jarbo456]

anyone taking out insurance on their long term portfolios?

eg buying TLT, writing covered calls, or just buying a few OTM puts?

Always.
Not buying TLT though.

just increasing cash levels

sounds about right.

i'll be writing some calls and raising cash and buying a small position in some bonds this afternoon.

[BullBear52x]

Trin and Tick leaning bear all day, but not VIX Hmmmm

[Cobra]

lunch time, will be back. nothing new.

[MrMiyagi]

This is just consolidation for higher it seems; VIX wounded and bleeding hard, no medics in sight.

[Al_Dente]

TWO min