Re: 07/23/2012 Live Update
Posted: Mon Jul 23, 2012 3:51 pm
another Pbar $52.72? (SSO)
[caveat: BIG grain of salt; can be very st]
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07/23/2012 Live Update
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Re: 07/23/2012 Live Update
Posted: Mon Jul 23, 2012 3:52 pm
“Bottom Finder” chart calls this a VERY ST bottom
[caveat: BIG grain of salt; can be very st]
[caveat: BIG grain of salt; can be very st]
Re: 07/23/2012 Live Update
Posted: Mon Jul 23, 2012 3:54 pm
this kind of consolidation still is bullish, the only problem is 6 min to close now, so I don't know.
Re: 07/23/2012 Live Update
Posted: Mon Jul 23, 2012 3:54 pm
dr659 wrote:another Pbar $52.72? (SSO)
Re: 07/23/2012 Live Update
Posted: Mon Jul 23, 2012 3:57 pm
Possible double top on SPY & IWM
Re: 07/23/2012 Live Update
Posted: Mon Jul 23, 2012 3:57 pm
thx. absolutely no idea on tomorrow. We rallied into resistance on Nasdaq and Russels so we will have to see how the futures react to that.ClarkW wrote:Congrats heavenskrow! What are your thoughts on tomorrow?heavenskrow wrote:can i say i told u soheavenskrow wrote:first fib retracement level met. Next target 1348-1349
Eur/Usd is still trying to hold onto that long term intra support line..... so if it can hold it, we can possibly see a bullish tape. vice versa if it breaks.
Re: 07/23/2012 Live Update
Posted: Mon Jul 23, 2012 3:58 pm
very hard to be short against this outside-up candle...377 minute bars on NQ future, small histogram divergence...
never easy is it?
never easy is it?
- nq 377min 723.png (10.1 KiB) Viewed 4500 times
Re: 07/23/2012 Live Update
Posted: Mon Jul 23, 2012 3:59 pm
well, guess that's it for today. when we learn trading with trend, we try to not guess the V shape reversal as it's lower odds. well, it's not true anymore, whenever a gap down, you can almost guess a V shape reversal because people are now so used to that Fed can print money to lift this market so no one is afraid anymore. hopefully Fed can lift this market to SPX 3,000 so that we can all retire earlier. As for the next few days, I already said what NORMALLY should be like but guess this is not a NORMAL market, so we'll have to wait and see. Thank you guys, I'll see you tomorrow.
Re: 07/23/2012 Live Update
Posted: Mon Jul 23, 2012 4:00 pm
Thanks for your quick responseheavenskrow wrote:thx. absolutely no idea on tomorrow. We rallied into resistance on Nasdaq and Russels so we will have to see how the futures react to that.ClarkW wrote:Congrats heavenskrow! What are your thoughts on tomorrow?heavenskrow wrote:can i say i told u soheavenskrow wrote:first fib retracement level met. Next target 1348-1349
Eur/Usd is still trying to hold onto that long term intra support line..... so if it can hold it, we can possibly see a bullish tape. vice versa if it breaks.
Re: 07/23/2012 Live Update
Posted: Mon Jul 23, 2012 4:03 pm
note BIDU ah
Re: 07/23/2012 Live Update
Posted: Mon Jul 23, 2012 4:04 pm
9 million last buy on SPY but look at this:
Re: 07/23/2012 Live Update
Posted: Mon Jul 23, 2012 4:06 pm
Earnings miss or even meet will do that!QMrMiyagi wrote:AAPL chart looks like a fish skeleton;
Re: 07/23/2012 Live Update
Posted: Mon Jul 23, 2012 4:14 pm
5 waves up from the lows are done and looks like complex wave 4 (bearflag) IMO
Thanks COBRA & BOARDIES !!
Re: 07/23/2012 Live Update
Posted: Mon Jul 23, 2012 5:06 pm
Love your P-Bars Mr. Myagi. I'm curious - do you know of any good resources where I could read about P-Bars? I'm curious to learn more about the technical and trading dynamic of the how/what/where/why of them. Would love any nuggets of wisdom you could toss my direction. Thanks!MrMiyagi wrote:dr659 wrote:another Pbar $52.72? (SSO)
Re: 07/23/2012 Live Update
Posted: Mon Jul 23, 2012 5:57 pm
No resources, just our collective thinking; more in your PM.rc1269 wrote:Love your P-Bars Mr. Myagi. I'm curious - do you know of any good resources where I could read about P-Bars? I'm curious to learn more about the technical and trading dynamic of the how/what/where/why of them. Would love any nuggets of wisdom you could toss my direction. Thanks!MrMiyagi wrote:dr659 wrote:another Pbar $52.72? (SSO)
Re: 07/23/2012 Live Update
Posted: Mon Jul 23, 2012 9:40 pm
ES may behave like the last two times.A lower low than today would invalidate this.
Re: 07/23/2012 Live Update
Posted: Mon Jul 23, 2012 11:17 pm
On Yahoo main page -sublink http://www.webpronews.com/dr-doom-2013- ... ay-2012-07. for entertainment purposes only. 
Dr. Al- Yahoo broke my data feed, so no elders.
Dr. Al- Yahoo broke my data feed, so no elders.
Re: 07/23/2012 Live Update
Posted: Mon Jul 23, 2012 11:23 pm
Germany Downgrade coming ? http://www.telegraph.co.uk/finance/fina ... tlook.html 
and http://www.zerohedge.com/news/moodys-ch ... k-negative
and http://www.zerohedge.com/news/moodys-ch ... k-negativeRe: 07/23/2012 Live Update
Posted: Mon Jul 23, 2012 11:34 pm
Apple moves up a little against QQQ over day. But nothing over week? Not very bullish, considering past reports.
Re: 07/23/2012 Live Update
Posted: Tue Jul 24, 2012 3:03 am
Daily Elders. Maxed Red for world. Volume not up to match. Looks like no bounce. Risk off 3 of 5 indicators. UNG CCI down to 218 from 229, may be topped.