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08/26/2013 Live Update
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ALdaytrade
- Posts: 1244
- Joined: Thu Apr 04, 2013 12:55 pm
Re: 08/26/2013 Live Update
Would this down leg not continue into tomorrow morning, after the rest of the world digests "the rest of the story?"wayne0708 wrote:from recent low to today high is 50% swing. Maybe just a small consolidation to 50% retracement then up it goes again. Just throwing it out there as rarely this leg is one legged up. Just saying...
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Out of Bounds
- Posts: 5623
- Joined: Wed Feb 23, 2011 10:11 am
- Location: Miami
Re: 08/26/2013 Live Update
I'm still short. I would be surprised if tomorrow we just shrugged it off and kept talking about housing and tapering.ALdaytrade wrote:Would this down leg not continue into tomorrow morning, after the rest of the world digests "the rest of the story?"wayne0708 wrote:from recent low to today high is 50% swing. Maybe just a small consolidation to 50% retracement then up it goes again. Just throwing it out there as rarely this leg is one legged up. Just saying...
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Re: 08/26/2013 Live Update
AldayTrade, that's my opinion. Am holding DIA put from yest. Cuuuz price broke below my wolfewave #4 target. May bounce tomorrow and on a different chart (2 hr) this may be just 1st warning with this low. Again IMveryHO this action does not look good.
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Out of Bounds
- Posts: 5623
- Joined: Wed Feb 23, 2011 10:11 am
- Location: Miami
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ALdaytrade
- Posts: 1244
- Joined: Thu Apr 04, 2013 12:55 pm
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Out of Bounds
- Posts: 5623
- Joined: Wed Feb 23, 2011 10:11 am
- Location: Miami
Re: Re:
Yep, that's what it looks like.ALdaytrade wrote:CNBC: "Bill Ackman's Pershing Square sells entire JCPenney stake!"Out of Bounds wrote:Wow.MrMiyagi wrote:Ackman dumped his JCP holdings.
CNBC: Now just announced that Pershing Square "intends" to sell!
I guess they announce things without confirming the story...
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Re: 08/26/2013 Live Update
Just know that price cant maintain going straight up forever. so there will be a period of retracement. on hourly retracement is needed and healthy before resuming up trend.ALdaytrade wrote:Would this down leg not continue into tomorrow morning, after the rest of the world digests "the rest of the story?"wayne0708 wrote:from recent low to today high is 50% swing. Maybe just a small consolidation to 50% retracement then up it goes again. Just throwing it out there as rarely this leg is one legged up. Just saying...
Re: 08/26/2013 Live Update
Holding 100% UVXY tonight. The VIX bounced off my favorite ema and it is pointing at 17 in 2 days.
My comments were dictated to me by homie the clown
Re: Re:
At least they didn't connect the intent to sell to Steve Balmer's availability as CEO...ALdaytrade wrote:CNBC: "Bill Ackman's Pershing Square sells entire JCPenney stake!"Out of Bounds wrote:Wow.MrMiyagi wrote:Ackman dumped his JCP holdings.
CNBC: Now just announced that Pershing Square "intends" to sell!
I guess they announce things without confirming the story...
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ALdaytrade
- Posts: 1244
- Joined: Thu Apr 04, 2013 12:55 pm
Re: 08/26/2013 Live Update
Do we have to guess what your favourite ema is? My guess is 75 ema...jademann wrote:Holding 100% UVXY tonight. The VIX bounced off my favorite ema and it is pointing at 17 in 2 days.
Re: 08/26/2013 Live Update
Interesting. Thanks!fehro wrote:I'd be careful with AAPL. I would not be surprised to see a gap break the neckline. Which may cause a 2nd wave of selling.