08/22/2012 Live Update

[Cobra]

still in channel, so nothing to say.

[Al_Dente]

CLARK
Stockcharts has been messing with ADX
New ADX won’t give u the full adx with all the lines
U have to find an OLD CHART of yours where you still have the old ADX and base a new chart off that.
Somebody needs to send and email to stkchrts and ask WTF

[Mr. BachNut]

Working hedges.
Yesterday I had hedges stopped out on the way up and stopped in on the way down.
For all the drama, there was very little deterioration in my technical indicators.
That could change, but the uptrend is still intact. Perhaps yesterday was the beginning of the end.
Given all the recent top signals, though, I am going to be careful.
I think a test to the top of last week's rectangle may be on deck to find some support.
So, I'll keep working the hedge to be neutral or long as things unfold today.

[ClarkW]

Much longer term but CRB Index is above the confluence of fibs yesterday. Weekly chart, so will see if we close above it this week

[ClarkW]

CLARK
Stockcharts has been messing with ADX
New ADX won’t give u the full adx with all the lines
U have to find an OLD CHART of yours where you still have the old ADX and base a new chart off that.
Somebody needs to send and email to stkchrts and ask WTF

Thanks for clarifying, I inputted it on a chart and thought I was going CRAZY!

[CognitiveDissonance]

Greece's pathetic attempt at a positive spin this morning is outrageous. They're going to self-finance ROFL!

[dr659]

Like watching Rockem Sockem Robots

[Mr. BachNut]

AAPL dip buyers have arrived, but it seems like 658 - 660 may have some resistance now.

[Al_Dente]

TRIN

[fehro]

longer trendlines... break lower red, could see a sharp move down.

[happychen]

Last night Cobra said today close green

[OverUnder]

What's amazing is the S&P hit a 4 year high yesterday and people are still looking for "QE3" out of the Fed, and something out of Jackson Hole shortly. At least that's what the gurus want you to think. There's no reason in the world for the fed to increase their balance sheet with bond buying right now or anytime in the foreseeable future, the notion is entirely ridiculous.

[fehro]

What's amazing is the S&P hit a 4 year high yesterday and people are still looking for "QE3" out of the Fed, and something out of Jackson Hole shortly. At least that's what the gurus want you to think. There's no reason in the world for the fed to increase their balance sheet with bond buying right now or anytime in the foreseeable future, the notion is entirely ridiculous.

http://www.ritholtz.com/blog/2012/08/fe ... as-needed/

[Petsamo]

Dang marketwatch.com is screwed up

[OverUnder]

Interesting articles, thanks Fehro.


uote="fehro"]

What's amazing is the S&P hit a 4 year high yesterday and people are still looking for "QE3" out of the Fed, and something out of Jackson Hole shortly. At least that's what the gurus want you to think. There's no reason in the world for the fed to increase their balance sheet with bond buying right now or anytime in the foreseeable future, the notion is entirely ridiculous.

http://www.ritholtz.com/blog/2012/08/fe ... as-needed/[/quote]

[Petsamo]

Last night Cobra said today close green

Makes sense

[Al_Dente]

30 min

[Claire]

I think Cobra's updates after the close are for paid subscribers and not to be posted on the day-trading board. Please correct me if I'm wrong.

[Claire]

cobra - are we still in leg 1 down? thanks.

[Cobra]

test the morning low, key time. so far I read we're still in the very 1st down leg.