07/09/2012 Live Update

[SWalsh]

FWIW T-Theory had 23 days between bars and hit IWM on Friday amd is back in the channel with a stoch cross on the daily and a touch of the neckline. So I would think by Friday we will move away from this level. Not sure da boyz are out of money yet:

the 23 day on dow.

Does 23 (other than "skidoo") mean anything in the realm of cycles?

There's been little HFT activity today other than every spike we've seen both ways.

EDIT: That B wave will prove to be wrong on the up move. It's about the only thing that plays out every time. B waves labeled like that (miniscule to the A wave) are because the pattern isn't supplying enough information yet and whoever labeled it won't wait.

[heavenskrow]

msglength

[uempel]

1348 is key and I guess SPX is going to hang around at this level until the close, until alcoa. So I'm off, bye guys

[Petsamo]

Wanna see a rally? I'm about to press the sell button

[Cobra]

break down, 100% MM target is $134.36, usually I'd rather believe 61.8% target at $134.71 which is now.

[victorm]

gold went up a bit, but, why bear ETF (HGD)going up too? Thanks anyone for input.

[fehro]

might find strong support around 1338ish? one more bounce to the neckline 1400ish? or slice through 1338 and break down sharply

[Tutti]

Think HFT is bad now, just wait.

"With the new algorithm, called the sparse Fourier transform (SFT), streams of data can be processed 10 to 100 times faster than was possible with the FFT."

Link: http://www.technologyreview.com/article ... transform/

[Cobra]

indeed it's Fib 61.8% MM. the next leg down if any would be even weaker. I don't feel urgent to sell today, could be all waiting for the ER in the coming days.

[MrMiyagi]

Hey y'all...

[wayne0708]

indeed it's Fib 61.8% MM. the next leg down if any would be even weaker. I don't feel urgent to sell today, could be all waiting for the ER in the coming days.

Small double bottom rally is in the making (60 min chart)

[TraderGirl]

Ending diagonal for wave 5?

[wayne0708]

Ending diagonal for wave 5?

I know nothing about wave count but I do see positive divergence on your 5 min chart

[wayne0708]

Ending diagonal for wave 5?

I am waiting for power hr and signal to go long. A big fat green hourly candle before close will be nice.

[OverUnder]

Cobra, would you please tell me what ER is and what it means specifically in your post. I know OR is opening range but I don't see anything about ER.

indeed it's Fib 61.8% MM. the next leg down if any would be even weaker. I don't feel urgent to sell today, could be all waiting for the ER in the coming days.

[MrMiyagi]

Cobra, would you please tell me what ER is and what it means specifically in your post. I know OR is opening range but I don't see anything about ER.

Earnings reports.

[OverUnder]

Oh, sheesh, thanks lol.

Cobra, would you please tell me what ER is and what it means specifically in your post. I know OR is opening range but I don't see anything about ER.

Earnings reports.

[MrMiyagi]

[SWalsh]

This is the best I have at this time. If the HFTs are going to jerk it around they'll bounce it to about SPY 135.22.

[fehro]

chop chop until Sept? or after the election... pure speculation... descending triangle, and/or another triangle, and another