09/18/2012 Live Update

[MrMiyagi]

Cobra;

AAPL chart link or projections? I want to write a put or two..

[Mario TR]

Possible Double Bottom

o possible double top?

SPY - 5 min

[Al_Dente]

We really needed a correction
This is it
Hopefully it can drip a bit lower before the BTFD squeeze brigade comes
Trin

[MrMiyagi]

I don't get a good feeling for the Bear side; TRIN shrinking, VIX stalling, SPX double bottoming, what else? USD molassing, AAPL steady..... come on, one big drop to 139....

[Cobra]

looking good for bulls now, as it formed a higher low. now if pullback here could make another higher low, that'd be perfect.

[TradingJackal]

Looks like it is forming a triangle. We are in wave C up right now. D and E to follow with a move to the downside.

[BullBear52x]

We really needed a correction
This is it
Hopefully it can drip a bit lower before the BTFD squeeze brigade comes
Trin

The attachment 918trin.png is no longer available

came out of under .3 still no cigar, Whazzzz Up? upv/dnv, TRIN bearish!

[Al_Dente]

Ok I changed the relative strength to orange so u wouldn’t think I was yelling bear every time I said relative strength is in red

[TraderGirl]

FAS hit resistance at the downtrend line....

[Cobra]

here what I mean a perfect setup.

[KeiZai]

I am not sure about this messy H&S top, but just in case

[TraderGirl]

TMF bounced at support trendline...retest??

[SB73]

Senor Bull Bear,

I know you keep an eye on UNG...what are your thoughts today? Gap fill before higher?

[Al_Dente]

We really needed a correction...

came out of under .3 still no cigar, Whazzzz Up? upv/dnv, TRIN bearish!

Ive been watching yr volume ratio bub I thought it kind of demanded a bit of bull…. maybe this mornings bull run was enough to work off the os???
(see top panel, thick green circle, line)
THANKS

[BullBear52x]

Transportation IYT said less goods ship

[Cobra]

hmm, no good. this push down is strong.

[BullBear52x]

I heard people skip lunch to buy I-pad/I-phone. sounds additive substance. should it be illegal?

[Cobra]

hmm, I'm not sure about direction now both bulls and bears have chances here. wait.

[TraderGirl]

Bear flag resolved to the downside...

Now, waiting to see if we get a wave 5 completion....

[BullBear52x]

Senor Bull Bear,

I know you keep an eye on UNG...what are your thoughts today? Gap fill before higher?

UNG is now playing UTIL I am like what now! anyways, the swing basis is sell, longer term is still bullish, but I will sell first ask question later