08/23/2012 Live Update

[Cobra]

hopefully it's bearish Rising Wedge or Bear Flag, I'm in wait and see mode.

[stucap]

crap now bear flag looking like ascending triangle -- FU BULLS -- FU!!!

[rc1269]

Why can't the market A-holes just let the SPX drop 20 points each day for a week.... then it could make some sense to buy.
It goes down 2 points and people run in "buy the dip!!!!!!!"

that's not good for elections...

[Cobra]

target invalid but still hard to call bear or bull (bear now has 50.01% chances).

[stucap]

target invalid but still hard to call bear or bull (bear now has 50.01% chances).

glad you don't see a triangle. i'll take 50% chances over the usual "no faith in bears".

[Cobra]

wild-est-est-est guess.

[Al_Dente]

crap now bear flag looking like ascending triangle -- FU BULLS -- FU!!!

would u like some gwacamolie with those fries, sir?

[Out of Bounds]

15 min spy

Touch the trend and bounce off.
Cross the trend, reverse and reapproach.
The kiss goodbye and resume downward move.

That is what I see.

[fehro]

http://www.aaii.com/sentimentsurvey/sent_results

as a contrarian indicator... maybe getting to that point.

[TWT]

GOLD: Recall that my long-term scenario (from the August 2011 top) calls for a Triple Zig Zag hence price is now involved in getting over with the wave (B) of the third Zig Zag.

This is a brief follow up of the short term EWP (from the May 16 low), which is related to the wave (B), that I posted on August 2.

I made the case that price is unfolding a Double Zig Zag

Well price is now reaching the expected target for the final wave (c) of (Y) located in the range 1678 – 1689

We know need a daily reversal bar in order to consider accomplished the EWP

Keep in mind that a Top of the corrective EWP of Gold should coincide with a Top or “Risk Trades” hence Oil – Equity and the EUR are expected to reverse to the down side while the USD should do the opposite

[Al_Dente]

Odd that SPXU is outperforming the other 3x shorts TODAY INTRADAY ONLY
I think that means it is broad based ? Otherwise the TZA or SQQQ or FAZ would be leaping ahead??
Please correct me as my internet is VERY hinky today….

[Cobra]

thick blue line below is the key to watch.

[Cobra]

aapl goes as expected, now it's testing the previous high, so key time. http://stockcharts.com/public/1684859/c ... /260183775;

[stucap]

crap now bear flag looking like ascending triangle -- FU BULLS -- FU!!!

would u like some gwacamolie with those fries, sir?

guacamole is surely the most buyable dip.

[Harapa]

Odd that SPXU is outperforming the other 3x shorts TODAY INTRADAY ONLY
I think that means it is broad based ? Otherwise the TZA or SQQQ or FAZ would be leaping ahead??
Please correct me as my internet is VERY hinky today….

To me, they all look the same! Main plot is for IWM

[Al_Dente]

crap now bear flag looking like ascending triangle -- FU BULLS -- FU!!!

would u like some gwacamolie with those fries, sir?

guacamole is surely the most buyable dip.

Stu it is unlike u to get so worked up today; u must have had a tossed salad
Seriously tho….GL2u boss

PAGING Cox Cable overpriced premium internet service 50x faster than anything else….
I HATE U

[Mr. T]

We're never going up again!!!!!

[knock]

GLD tiny p bars, several places.

[fehro]

trendlines. break lower blue could see a sharp move down.

[stucap]

crap now bear flag looking like ascending triangle -- FU BULLS -- FU!!!

would u like some gwacamolie with those fries, sir?

guacamole is surely the most buyable dip.

Stu it is unlike u to get so worked up today; u must have had a tossed salad
Seriously tho….GL2u boss

PAGING Cox Cable overpriced premium internet service 50x faster than anything else….
I HATE U

In need of a nice win. And wins on the short side are so much sweeter. Plus, I'm amidst a virtual fantasy football draft and trash talk is flying. I'm pumped.