09/20/2012 Live Update

[TradingJackal]

Hourly SPY divergence pointing to upside. Bulls are the boss.

[Al_Dente]

Dr. Al this is what matters most

gimme the stack bubba
pls

[Cobra]

this pullback has legs, I think.

[OverUnder]

If you believed transports lead, you'd have been wrongly selling all week.

[Al_Dente]

Hourly SPY divergence pointing to upside. Bulls are the boss.

yr lousy friggin divergence usually works ........ hmmmmmm

[BullBear52x]

Dr. Al this is what matters most

gimme the stack bubba
pls

How about double stack

[TradingJackal]

Around 1449 ES is the 38.2 retrace for wave 2. Then the 5 minutes Stochastics should start curling up. Lines up with the subwave 4 of wave 1.

[BullBear52x]

If you believed transports lead, you'd have been wrongly selling all week.

I will be scratching my head too if someone charting SPX to trade TRANs

[noob]

this pullback has legs, I think.

Noticed lately always bears have legs followed by bulls have legs followed by bear have legs. While Cobra is just stating what he sees, it does show the fed has damaged the market.

[Al_Dente]

anywhooooooooo
AAPL is stuck between a rock (intraday double top, 5 min chart)
And a hard place (intraday vwap, 5 min chart)

[TradingJackal]

If you believed transports lead, you'd have been wrongly selling all week.

DOW THEORY is DEAD. Long Live the DOW THEORY.

[MrMiyagi]

I will be scratching my head too if someone charting SPX to trade TRANs

Wouldn't the right pairing, if there is such a thing, be INDU & TRAN?

[TradingJackal]

Hourly SPY divergence pointing to upside. Bulls are the boss.

yr lousy friggin divergence usually works ........ hmmmmmm

If this a bull market, this should have the bulls drooling all over. If this is bearish, the tape will go 'meeaaaghhh'. What do you think the market is

[BullBear52x]

Bullish fib extensions will be voided once breach down below 146.2

[Al_Dente]

Dr. Al this is what matters most

gimme the stack bubba
pls

How about double stack

VERY COOL
Thx bub I’ll find something nice 2 thank u later………Mishka or Celine or somethin’

[Al_Dente]

Hourly SPY divergence pointing to upside. Bulls are the boss.

yr lousy friggin divergence usually works ........ hmmmmmm

If this a bull market, this should have the bulls drooling all over. If this is bearish, the tape will go 'meeaaaghhh'. What do you think the market is

yes

[Mr. BachNut]

Light Long.
Battleground seems to have moved from the SPY 147 strike to 146 for tomorrow, but the fight is still going on.
The close should clarify where the gravity is.
Given the wad of calls out there, it is possible that an attempt at 145 could be made, but time is running short.

[BullBear52x]

I will be scratching my head too if someone charting SPX to trade TRANs

Wouldn't the right pairing, if there is such a thing, be INDU & TRAN?

I used to use tran one min. as leading indicator for all market for a long time.

[Cobra]

rebound then down indeed and again still this pullback has legs, so another rebound and down is likely.

[Al_Dente]

30min
SPY and IWM broke below the 50ma on 30 min
If bears would sell a bit more, we could pullback to that 38% fib