09/06/2013 Live Update

[Cobra]

not ascending triangle obviously but NORMALLY this pullback shall be bought.

[ALdaytrade]

Sure, the general pattern is a bear flag and classiscal TA suggests that the next biggish move is down. Check out "Technical Analysis of the Financial Markets" by Murphy or "Technical Analysis Explained" by Pring

SPX07.png

PS: Don't forget to read Cobra's book - "How I make 1'000% per Month"

Update:

SPX05.png

So, is there any chance of these moves going to support again, instead of resistance? How about the extension of the red dotted line and blue line?

I have my eye on the blue extended line going to approximately 1624...

[BullBear52x]

I hope you got my point now update: see what's happening next, I am ready to take someone out let it be bulls or bears

[Harapa]

I hope you got my point now update: see what's happening next, I am ready to take someone out let it be bulls or bears

Last chance for Bears to show some muscles.

[Daniel-David]

If SPY does not close above its 50day (ca 166.65) then it will be the ninth day in a row, and 12 out of the last 14. The more it lingers below this widely watched level, the greater the risk of a sharp fallaway to much lower levels.

[Cobra]

pullback was bought indeed. wait to see if it could make a breakout this time.

[Daniel-David]

Major indexes, SPY and esp. QQQ, very close to their earlier hod-- but advancing issues on NYSE and Nas continue to linger well below earlier levels.

[BullBear52x]

please recycle the red arrows

[Daniel-David]

Despite narrowing breadth, which is of concern on any timeframe, the up/down volume on NYSE is still very strong, no letup in dominance of up issue volume over down. So money is pouring into stocks, just more narrowly focused.

Of note is how TBT has NOT been confirming equity strength today. Long bonds are still getting bought, probably a function of mild NFP disappointment rather than geopolitical safety move.

[1der]

please recycle the red arrows

Hilarious!!!!!

[Daniel-David]

BullBear, how do you DO that?

Everything from Santa Claus faces on December charts to that cute wastebasket? What gives you that graphic feature on your charts?

That said, see prior post by MrMiyagi regarding Market participants getting giddy and complacent...

[simpletrader]

please recycle the red arrows

seems market is going forward up up

[BullBear52x]

BullBear, how do you DO that?

Everything from Santa Claus faces on December charts to that cute wastebasket? What gives you that graphic feature on your charts?

That said, see prior post by MrMiyagi regarding Market participants getting giddy and complacent...

like my art work?, I don't know how people making money read news with no charting, political or financial news.

[Cobra]

testing day high many times, looking bullish.

[rhight]

SPX : The 60 min. 20 SMA is about to make a bull cross of the Daily 20 SMA, just below price. That might count for something. Does anyone have the stats on that?

[Al_Dente]

Major indexes, SPY and esp. QQQ, very close to their earlier hod-- but advancing issues on NYSE and Nas continue to linger well below earlier levels.

Here’s the visual on that boss
Non-confirmation of high
(that can change quickly)

[Al_Dente]

please recycle the red arrows

LMAO

[Daniel-David]

thx, Al D.

That's exactly what I was trying to say.

[rhight]

OK, we're entering contra hour and we are retesting the high of the day. Does that mean a pull back? (or a sky-jack?)
On the surface, the ball looks to be in the Bulls court.

[Al_Dente]

thx, Al D.
That's exactly what I was trying to say.

Alotta good that did us
They b breakin’ out now
I do remember saying “”that can change quickly””
Oy gevalte
Nyadv 2000 is my magic number (big bull if it can hold >2000)
and squeeze all the short stops......