09/04/2012 Live Update

[Cobra]

another bear bar, no comments, wait. here's fib info.

[Al_Dente]

PAGING Spaghetti
Interesting the Aussie dollar not confirming today's move— that'd be the first time in a while. Bad omen for tomorrow?
Or are we simply doing as Etta says.....? http://www.youtube.com/watch?v=1r0QteIu_uA

berry interesting as i added fxa:fxy to my 5 min watch (orange on top panel)
(yes I do believe cobra has been secretly watching it on 5 min for AT LEAST 1++ years)
spaghetti just a little bit late
THANKS 4 ETTA GL2u

[TradingJackal]

don't like this bear bar, but still it's in consolidation range, so wait.

Cup and handle!

I think you got that one! Now, it just needs to turn up

[Cobra]

you might be right but personally, I don't read it as C&H because there's no obvious uptrend prior to the cup.

[Nrsimha]

IWM's gonna bust Friday's high but it hasn't busted to a new low

Wow madness...

Overnight, I saw a Yahoo news on the DAX's golden cross, meaning we should go long on the DAX. But the DAX rejected it. I can't find the article

<<Overnight, I saw a Yahoo news on the DAX's golden cross, meaning we should go long on the DAX. But the DAX rejected it.>>

I have been saying this for a couple weeks now --- golden crosses everywhere, whether u look at DAX, SPY, RUT, QQQ, OIH, XLE, GDX, ---- pick your poison. (Also on daily and weekly charts you can see cups everywhere ---- and handles just starting to form !!)

10 Week MA has crossed 20 week on a lot of charts.
This is a signal for a multi-week signal, so I kinda take issue with your statement that "DAX rejected it" --- you can't mix
a multi-week signal with your half-hour time horizon.
The only caveat is the recent low volume which may reduce the credibility of the signal --- I'll grant you that.

[MrMiyagi]

Interestingly, TRIN has stayed bearish during this big move.

[fehro]

slammed at the 20 day...

[Petsamo]

IWM's gonna bust Friday's high but it hasn't busted to a new low

Wow madness...

Overnight, I saw a Yahoo news on the DAX's golden cross, meaning we should go long on the DAX. But the DAX rejected it. I can't find the article

<<Overnight, I saw a Yahoo news on the DAX's golden cross, meaning we should go long on the DAX. But the DAX rejected it.>>

I have been saying this for a couple weeks now --- golden crosses everywhere, whether u look at DAX, SPY, RUT, QQQ, OIH, XLE, GDX, ---- pick your poison. (Also on daily and weekly charts you can see cups everywhere ---- and handles just starting to form !!)

10 Week MA has crossed 20 week on a lot of charts.
This is a signal for a multi-week signal, so I kinda take issue with your statement that "DAX rejected it" --- you can't mix
a multi-week signal with your half-hour time horizon.
The only caveat is the recent low volume which may reduce the credibility of the signal --- I'll grant you that.

Last year, the Devil's Cross marked the beginning of the rally.

[Cobra]

hi guys, before the close, please take a little time to vote for me, thanks. http://stockcharts.com/public/1684859/tenpp

[noob]

you might be right but personally, I don't read it as C&H because there's no obvious uptrend prior to the cup.

Good point, thanks.

[Cobra]

well, guess that's it for today, I won't be too bearish here although the chart pattern favors neither bull nor bear yet, so bears still have hopes. Thank you guys, I'll see you tomorrow. Please take a little time to vote for me, thanks. http://stockcharts.com/public/1684859/tenpp

[Petsamo]

2.89 million last buy on IWM
2.72 million last buy on SPY

[Out of Bounds]

Doji - so today was a non-event?

Capture.JPG (19.84 KiB) Viewed 4200 times

[Xian]

well, guess that's it for today, I won't be too bearish here although the chart pattern favors neither bull nor bear yet, so bears still have hopes. Thank you guys, I'll see you tomorrow. Please take a little time to vote for me, thanks. http://stockcharts.com/public/1684859/tenpp

Crazy day. Very much looking forward to tonight's report. At $10 per month and approx 20 days per month, tonights FIFTY CENTS is going to be some of the best ROI I've ever had!

Thanks

[Mr. BachNut]

SPY lower high, lower low and lower close than Friday, but I am not sure that is saying much.

[Unique]

Not much to do today, peace out

viewtopic.php?f=2&t=661#p93145
Consolidation day, looks like I was correct finally

Hope erbody bought a scalp buy play

[EvilTrader]

Look at VIX folks.

confirmed signal ?

[MrMiyagi]

Look at VIX folks.

confirmed signal ?

VIX started the day over the upper BBand and then went down. Not totally out of the norm reaction. It may have had its legs broken though.

[uempel]

I don't like guys who brag - tonite I'm doing it myself: the two ellipses on this chart were absolutly perfect. Initially the red signal was confusing (and difficult to trade), the blue signal was much easier:

[TradingJackal]

The 4 dojis marked on the chart caused a gap up the next day. Does not mean that we go up, up and away but the odds favor an upside move by 3-1.