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08/24/2012 Live Update

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Cobra
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08/24/2012 Live Update

Post by Cobra »

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Small gap down, below yesterday's low, so not sure if the gap will be filled or not.

Nothing changed since yesterday's opening statement on Global ES, the text book target is 1390. Now it reached Fib 61.8 1-2-3 Formation target and 100% MM target and in strong support area, so may take a reset here, let's see.
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happychen
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Re: 08/24/2012 Live Update

Post by happychen »

shafa
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Harapa
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Re: 08/24/2012 Live Update

Post by Harapa »

Momentum Block Update:
Houston, we have a problem!
Concurrent softness in currencies/futures/volatility were observed at major turning points (in this case direction will be down). Trade carefully. Information is more useful to swing/intermediate traders, but day traders can also benefit from it by not betting against the trend..
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Al_Dente
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Re: 08/24/2012 Live Update

Post by Al_Dente »

Eurozone contraction http://screencast.com/t/qLNHMrMfjg
China’s hard/soft landing http://screencast.com/t/8haSDdiFrcd

CHINA STIMULATES
“People’s Bank of China injected RMB145 billion via reverse repo”
http://www.alsosprachanalyst.com/econom ... -repo.html
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Harapa
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Re: 08/24/2012 Live Update

Post by Harapa »

Vixies were having a party in the BEAR camp at the close of yesterday. Looks like music is getting louder and louder (VIX future are up 1.5% in the premarket).
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Al_Dente
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Re: 08/24/2012 Live Update

Post by Al_Dente »

Ned Davis Research
“Our research suggests that the excess in housing has been eliminated…”
http://screencast.com/t/3BeJ8K253j2
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
ronrico
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Re: 08/24/2012 Live Update

Post by ronrico »

uvxy beginning to show divergence on these lows. watching for next new lows to begin to form a low on the indexes with divergenge in volatility
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Re: 08/24/2012 Live Update

Post by TradingJackal »

So we gap down below 1400. Let's see if there are buyers!
There are no bulls or bears in the market. Only wolves and sheep.
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Cobra
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Re: 08/24/2012 Live Update

Post by Cobra »

the open.
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TradingJackal
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Re: 08/24/2012 Live Update

Post by TradingJackal »

Will divergence play again?
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There are no bulls or bears in the market. Only wolves and sheep.
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stucap
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Re: 08/24/2012 Live Update

Post by stucap »

TradingJackal wrote:So we gap down below 1400. Let's see if there are buyers!
MUST FILL GAP! MUST PROTECT 1400!
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Harapa
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Re: 08/24/2012 Live Update

Post by Harapa »

IWM must hold here else watch out below!
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stucap
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Re: 08/24/2012 Live Update

Post by stucap »

Cobra wrote:the open.
consolidation favor bears?
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gappy
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Re: 08/24/2012 Live Update

Post by gappy »

120824-ECB.png
Can kick schedule.
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Cobra
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Re: 08/24/2012 Live Update

Post by Cobra »

stucap wrote:
Cobra wrote:the open.
consolidation favor bears?
wait, cannot say it's consolidation yet.

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stucap
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Re: 08/24/2012 Live Update

Post by stucap »

Cobra wrote:
stucap wrote:
Cobra wrote:the open.
consolidation favor bears?
wait, cannot say it's consolidation yet.
thanks.
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Al_Dente
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Re: 08/24/2012 Live Update

Post by Al_Dente »

Paper/scissors/rock chart
Spy opened right smack on top of the daily bolinger centerline (neon dotted green line on top panel)
Recently, it hasn’t stopped there (red circles)……..we’ll see
824bb52xpaper.png
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
TraderGirl
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Re: 08/24/2012 Live Update

Post by TraderGirl »

SPX...looks like we could use a small wave down on the 1 minute??
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KENA
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Re: 08/24/2012 Live Update

Post by KENA »

Looks like the $ is trying to form a H&S..Something to be aware of.
chart by stocktiming
chart by stocktiming
Mario TR
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Re: 08/24/2012 Live Update

Post by Mario TR »

algo.png
chart by stocktiming
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