08/23/2012 Live Update

[Al_Dente]

Odd that SPXU is outperforming the other 3x shorts TODAY INTRADAY ONLY
I think that means it is broad based ? Otherwise the TZA or SQQQ or FAZ would be leaping ahead??
Please correct me as my internet is VERY hinky today….

To me, they all look the same! Main plot is for IWM

That was my point.. TZA or SQQQ or FAZ usually leap ahead up or down
But I’ve got a weird delay on the SPXU and the UPRO so I may be full of bs

[ClarkW]

LONGER TERM: CCI on $SLV hasn't been this high in the past 4 years. Probably due for a short-term pullback before more up I'm assuming

[OverUnder]

BATTEN DOWN THE HATCHES!!!

I always wanted to say that.

[Cobra]

double top target. again I never sure about bear target, so don't ask.

[EvilTrader]

Double Bottom SPY (intraday) ??

[Cobra]

another target must be a complete dream. no, no chance.

[OverUnder]

Divergencia negativa

[stucap]

Double Bottom SPY (intraday) ??

they will try for a double bottom as they always do. don't think they have the strength today save another bout of gas from the ECB.

[Harapa]

Odd that SPXU is outperforming the other 3x shorts TODAY INTRADAY ONLY
I think that means it is broad based ? Otherwise the TZA or SQQQ or FAZ would be leaping ahead??
Please correct me as my internet is VERY hinky today….

To me, they all look the same! Main plot is for IWM

That was my point.. TZA or SQQQ or FAZ usually leap ahead up or down
But I’ve got a weird delay on the SPXU and the UPRO so I may be full of bs

I got it. Goes along with what I am seeing with VIXIES, VXN and RVX are moving to out right sell slower than others. May be it has something to do with the more speculative/less experienced chasing these IWM/QQQ/FAS thus more complacent!
Here is update:
Added VXD to track smart money.

[Al_Dente]

another target must be a complete dream. no, no chance.

Cobie: is RSP:SPY the red line in your bottom panel?
(If it is the navy blue line…….. we are toast)

[Mr. T]

another target must be a complete dream. no, no chance.

It's going to do it this time Cobra!!!!!

"This time is different!!!"

[knock]

Double Bottom SPY (intraday) ??

seems likely!

[knock]

does gold finally start to diverge with stock market now?

[BullBear52x]

Swing sell, intraday sell, buy the dip no more.... nice double bottom don't fall for it.

[victorm]

GOLD: Recall that my long-term scenario (from the August 2011 top) calls for a Triple Zig Zag hence price is now involved in getting over with the wave (B) of the third Zig Zag.

This is a brief follow up of the short term EWP (from the May 16 low), which is related to the wave (B), that I posted on August 2.

I made the case that price is unfolding a Double Zig Zag

Well price is now reaching the expected target for the final wave (c) of (Y) located in the range 1678 – 1689

We know need a daily reversal bar in order to consider accomplished the EWP

Keep in mind that a Top of the corrective EWP of Gold should coincide with a Top or “Risk Trades” hence Oil – Equity and the EUR are expected to reverse to the down side while the USD should do the opposite

ya...totally make sence, I was too early with a trades... will re-purchase third time. Thank you TWT

[Unique]

12:30 Lunch is over, time to prey on these bulls..

BOOM!


(Still waiting for AAPL to tank)

[Al_Dente]

Swing sell, intraday sell, buy the dip no more.... nice double bottom don't fall for it.

that was quick.........are u on a ding ding sell ..... or just a wait tick tick something......

[Cobra]

moment of truth, double bottom or back test of double top neckline. wait.

[stucap]

moment of truth, double bottom or back test of double top neckline. wait.

"bounce" looks somewhat weak. lots of pumping and no liftoff.

[Unique]

SPXU 43.8 short-term swing target

(anyone else see the bear porn scenario for daily SPY?)