08/21/2012 Live Update

[OverUnder]

A long way down is exactly the problem imho.

A lower low on the SPY daily is still a long way down

[Harapa]

Not getting any better, strictly intraday

[TraderGirl]

Does anyone think that the FED will hint at raising interest rates??

[Petsamo]

A long way down is exactly the problem imho.

A lower low on the SPY daily is still a long way down

In the meantime, it's a JBTFD day

[Petsamo]

Does anyone think that the FED will hint at raising interest rates??

With Bernanke ? Ha !

[MrMiyagi]

Does anyone think that the FED will hint at raising interest rates??

Don't know, I can tell you that RBC raised mortgage rates here in Canada, albeit a tiny bit. Yeah, it's not the FED but it might be a general direction.

Now... where's that "Cancel" button...

[Mr. BachNut]

The Advance Decline Line still looks fine. This is a lot about AAPL.

AD Line.jpg

But boss, AAPL is NOT in the NYSE data

Off topic:
World-ish

821worldish.png

Yep. Just pointing out a lot of stocks still up for the day. Sell-off starting broaden now.

AAPL is 19% of QQQ just so you know

It shows: QQQ - 63 bp, SPY - 13 bp, IWM +2bp

[TraderGirl]

Does anyone think that the FED will hint at raising interest rates??

With Bernanke ? Ha !

Something negative happens around mid-sept to cause a potential correction in the markets, which is around the jackson hole meeting....???

[Harapa]

Is going to be a good bye Kiss!

[BullBear52x]

Today is the most fluctuated intraday signal, it has been like this for an hour now.

[shaca]

top of the top of the top of the top on appl?
this is a very big divergence

[Unique]

top of the top of the top of the top on appl?
this is a very big divergence

I tried that logical a year and two years ago, didn't work. I moved to believe in short term charts -> intermediate term -> long term

See the 2011-2012 period on your weekly chart

Concise, focus on short-term and intermediate term charts

[Al_Dente]

ruh, rho, renko
where are the BTFDers?

[Unique]

AAPL 648-647.5 is 100% measure move

We should get a squeeze bounce back to 657-658, this is oversold on 5min, before the second leg later today or tomorrow..

Target has been reached, now we have to think about whether to re-enter puts or wait a bit longer....

[Cobra]

rebound. usually this rebound would fail. not sure.

[Al_Dente]

Today is the most fluctuated intraday signal, it has been like this for an hour now.

boss what is that?
it's one of the FEW that needs light background

[MrMiyagi]

Here comes the Cavalry!!

[BullBear52x]

top of the top of the top of the top on appl?
this is a very big divergence

looking back

[BullBear52x]

Today is the most fluctuated intraday signal, it has been like this for an hour now.

boss what is that?
it's one of the FEW that needs light background

SPY:VIX

EDIT: see how broken these indicators are.

[Al_Dente]

This entire board is nuts today………. oh, wait a minute………I take that back…..it’s the market that’s nuts…
If u can’t even hold one little high for one little day, u are a BAD market……................. ‘til tomorrow