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08/24/2012 Live Update

TradingJackal
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Re: 08/24/2012 Live Update

Post by TradingJackal »

Wolfe wave. Ratios with 127 fib are not perfect so less likely.
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ES 09-12 (5 Min)  8_24_2012.jpg
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 »

took one little dip to awake the honey badger. brace yourself.
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KENA
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Re: 08/24/2012 Live Update

Post by KENA »

The strong stocks went dn and weak stocks went up yesterday giving the bears the advantage.
chart by stocktiming
chart by stocktiming
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Al_Dente
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Re: 08/24/2012 Live Update

Post by Al_Dente »

Yeowwwwww
Short china FXP jumped to the top of my NARROW watch list, best performer INTRADAY ONLY
I guess nobody cared about the stimulus?
Here’s more china chatter I've been reading, if u r interested

“China should prepare for economic uncertainty…The Communist Party's mouthpiece newspaper said the government had the flexibility to … “
http://finance.yahoo.com/news/china-pre ... 4.html?l=1

“… The four biggest bubbles of the last 40 years... with Iron Ore the clear winner...and...”
http://www.zerohedge.com/news/marc-fabe ... to+zero%29
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Cobra
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Re: 08/24/2012 Live Update

Post by Cobra »

OR. nothing to say, wait for breakout, could be on either side.
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TradingJackal
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Re: 08/24/2012 Live Update

Post by TradingJackal »

Ratios look great on SPY. Touch of the blue Wolfe line.
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SPY (5 Min)  8_24_2012.jpg
There are no bulls or bears in the market. Only wolves and sheep.
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Al_Dente
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Re: 08/24/2012 Live Update

Post by Al_Dente »

Here is world-ish… so far today….[EWT is an imperfect proxy for Hang Sen $HSI]
824world.png
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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KENA
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Re: 08/24/2012 Live Update

Post by KENA »

Took small profits on my shorts..It took to long this time to show an average out profit..Looking for more and different stocks..I also have a feeling the mkt may go up a bit befor pulling back..But lets see.
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Mr. BachNut
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Re: 08/24/2012 Live Update

Post by Mr. BachNut »

Been scalping with a hedge but starting to creep in long at new lows.
My technicals are softening but still have the longer term trend as up.
Should be a fair amount of support between SPX 1390-1400.
Would go back to neutral if that fails.
Seems reasonable that we may get a short covering some time next week prior to Jackson Hole.
Today's close will be telling.
shaca
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Re: 08/24/2012 Live Update

Post by shaca »

nasadq -0,09%
$nadnv:$naupv = 1.79

the last time $compq was up 1,1%, $naupv:$nadnv was just 2.4 or so

volumes are always in "sell mode" for many months now..
wayne0708
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Re: 08/24/2012 Live Update

Post by wayne0708 »

Cobra wrote:OR. nothing to say, wait for breakout, could be on either side.
are you neutral here Cobra?
sloth
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Re: 08/24/2012 Live Update

Post by sloth »

Another round of QE would drive the price of corn and oil through the roof, just the opposite of what you want to do in a weak or recovering economy. Why would the Fed launch more QE when the markets are at multi-year highs also? I just do not understand the logic of wall street, or is it all just a massive load of BS to get prices at this level so they can sell.
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EvilTrader
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Re: 08/24/2012 Live Update

Post by EvilTrader »

Mr.Spy, could you restest the highs, please ? :roll:
wayne0708
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Re: 08/24/2012 Live Update

Post by wayne0708 »

EvilTrader wrote:Mr.Spy, could you restest the highs, please ? :roll:
gap closed. Now lets try the other direction please :mrgreen:
noob
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Re: 08/24/2012 Live Update

Post by noob »

Aapl and Indu both green.
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Al_Dente
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Re: 08/24/2012 Live Update

Post by Al_Dente »

A/D says “chop day” at the moment……but the covering bears didn’t get that memo :arrow: :geek:
824one.png
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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BullBear52x
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Re: 08/24/2012 Live Update

Post by BullBear52x »

GM,
Tick tick tick :lol:
My comments are for entertainment/educational purpose only. NOT a trade advice.
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KENA
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Re: 08/24/2012 Live Update

Post by KENA »

sloth wrote:Another round of QE would drive the price of corn and oil through the roof, just the opposite of what you want to do in a weak or recovering economy. Why would the Fed launch more QE when the markets are at multi-year highs also? I just do not understand the logic of wall street, or is it all just a massive load of BS to get prices at this level so they can sell.
I will go for the BS.
TradingJackal
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Re: 08/24/2012 Live Update

Post by TradingJackal »

wayne0708 wrote:
EvilTrader wrote:Mr.Spy, could you restest the highs, please ? :roll:
gap closed. Now lets try the other direction please :mrgreen:
Not until touchdown!
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SPY (5 Min)  8_24_2012.jpg
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KENA
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Re: 08/24/2012 Live Update

Post by KENA »

sloth wrote:Another round of QE would drive the price of corn and oil through the roof, just the opposite of what you want to do in a weak or recovering economy. Why would the Fed launch more QE when the markets are at multi-year highs also? I just do not understand the logic of wall street, or is it all just a massive load of BS to get prices at this level so they can sell.
I will go for the BS.
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