08/16/2012 Live Update

[Al_Dente]

There's Neg D set up on weekly, check out my new 3 point curve.

what does this mean boss, green circle is buy, correct?

[BullBear52x]

What I am waiting for

81.4 will hit the old 100% FIb extensions.

[BullBear52x]

There's Neg D set up on weekly, check out my new 3 point curve.

what does this mean boss, green circle is buy, correct?

stretch, should have a pull back before moving higher like last one.

[usctrojan99]

As bullish as I am, I am getting a little nervous if this gets past 1420. I truly believe we are in a state of "irrational exuberance" with no sellers and the melt up. I agree with some of the other posters. It feels like Jan-Feb when the market just drifted up defying TA

[Cobra]

consolidation is good, the bias still is up.

[Al_Dente]

PAGE Shaca
Not sure which one u mean
Does this work for u?.... (but I haven’t posted it in weeks)
If u say yes, I’ll expand it to weekly 2005-2012 and re-post
If no, tell me what else to do?

[usctrojan99]

If we actually get to 1420 today, I may have to think this is an exhaustion bar and buy some Sept puts at the end of the day or tomorrow.

[KeiZai]

What I am waiting for

81.4 will hit the old 100% FIb extensions.

Are you going short there?

[MrMiyagi]

consolidation is good, the bias still is up.

!!!!SPX 1600!!!!

[Al_Dente]

There's Neg D set up on weekly, check out my new 3 point curve.

what does this mean boss, green circle is buy, correct?

stretch, should have a pull back before moving higher like last one.

fine print

[BullBear52x]

What I am waiting for

81.4 will hit the old 100% FIb extensions.

Are you going short there?

Yes.

[Harapa]

Here’s my ding just on XIV only………..in this case (this case only, and today intraday only, and on XIV only) my vwap and 20 and 50 ma worked better………
THANK U HARAPA
http://screencast.com/t/HXfSu3BKQ

Indeed, this produced a much better entry point. Copied!

[tkvprasad]

What I am waiting for

81.4 will hit the old 100% FIb extensions.

Are you going short there?

Yes.

BB -

for day trade or Swing short ?

[Al_Dente]

bb: here is an old chart that I used to line my birdcage with … I don’t remember where I got it… but the birds like it a lot.

[Petsamo]

P-bar on IWM pointing to ~80.28

[BullBear52x]

What I am waiting for

81.4 will hit the old 100% FIb extensions.

Are you going short there?

Yes.

BB -

for day trade or Swing short ?

Swing on IWM is a BUY, this will be counter trend with tight stop. normally I will hold my swing and counter trade it intraday. is it make sense? no stress.

EDIT: I am thinking of writing something about Swing/daytrade using SSO and SDS at the same time in one account.

[MrMiyagi]

P-bar on IWM pointing to ~80.28

I see that one, I raise you another:

[BlackThought]

TLT weekly chart, right by the trendline

[Medman]

Your say short day trade on IWM and long IWM swing trade. I assume you use TZA and TNA.

[BlackThought]

DAX weekly chart, price close to major trendline resistance