08/15/2012 Live Update

[KeiZai]

Russell is done or little bit more?

[Al_Dente]

Neon green behine Q is AAPL:SPY relative strength ratio

[Harapa]

RUT nearing a resistance line going back to Mar 12;2 more RUT points by system

[KeiZai]

Nice candlestick, back in short

[Cobra]

this up leg is already 3 legged, so it's weak, the next move might be bearish biased.

[Al_Dente]

An “expert” on Fast Money last night called VXX “an incinerator” because it burns up cash, is designed to go to zero, and you should never trade it.

I just use it………you know………as an indicator……cuz I don’t have enough indicators… I don’t ever trade it or anything……I just see that some folks are starting to put on hedges that’s all… nothing too serious… no DNV yet...

[CognitiveDissonance]

I still think we have positive pressure into the 22-24th...there is also a Bradley turn date at that time (25th), but check out Chaikin Money Flow at the bottom....

TG, I didn't quite get your comment yesterday. I'm thinking that today's turn date, if it hits, will take us down. Of course, I could be wrong

I thought it could take us down as well, but the chart I'm looking at looks like we hit a trough around the 17th, and sometimes that date can shift by a day or two, so there could be a trough from say the 16th to the 20th. So since there is a turn the 15th or 16th, I am assuming we turn up because the next direction could be up into the 22-24th....

Yesterday I was seeing the XIV sell off, while the market wasn't making much of a move, and it was before the turn dates, not on the turn dates....so I have seen this before where XIV sells off then has consolidation before a move up....so because of the move yesterday in XIV, I thought we may instead see a turn up....

Got it, thanks!

[Al_Dente]

...........THANK U MR BACHNUT u ‘da man

815bachnut.png

Interesting chart... Thanks for posting... Looks to me like there might have been one additional successful signal in Dec 2011

thanks joey

[MrMiyagi]

An “expert” on Fast Money last night called VXX “an incinerator” because it burns up cash, is designed to go to zero, and you should never trade it.

Doesn't that make it an automatic short-n-hold?

[CognitiveDissonance]

An “expert” on Fast Money last night called VXX “an incinerator” because it burns up cash, is designed to go to zero, and you should never trade it.

Doesn't that make it an automatic short-n-hold?

That's what I thought $FB was

[Harapa]

Can RUT reach the top TL(~ 4 points); may be, momentum (MACD/CCI) is favorable (improving)

[agunther]

An “expert” on Fast Money last night called VXX “an incinerator” because it burns up cash, is designed to go to zero, and you should never trade it.

Doesn't that make it an automatic short-n-hold?

Yes, i thought about this many times, but I am afraid I will get margin calls at the worst time, just after this thing popped.
You need to have a broker with a lot of liquidity and a lot of dumb people to ride this thing long enough. Not sure I have that much faith in my fellow traders.

[Al_Dente]

An “expert” on Fast Money last night called VXX “an incinerator” because it burns up cash, is designed to go to zero, and you should never trade it.

Doesn't that make it an automatic short-n-hold?

speaking of which: don't forget YOUR lockup on YOUR FB gets unlocked this week........

[BullBear52x]

Just to see if Dr. Al will try to copy this one

[Al_Dente]

PAGING Kezai
could u show your spot copper when u have time
ps: what kind of music u like?

[swayne99]

Cobra, AAPL triple bottom now. Does it break?

[rpccharts]

The Market Prop

[Cobra]

indeed pullback. lunch time, will be back.

[MrMiyagi]

RUT kicking some serious ass today.

[Al_Dente]

Just to see if Dr. Al will try to copy this one

Dude I can’t read that chart
Does that thing come with instructions?
That is psychotic………..oh wait……. I see……. it’s just the market……..
ps I am one who likes your dark backgrounds….don’t make them all white…