08/19/2013 Live Update

[TraderGirl]

SPY... Possible count...my intraday charts say sell the rally...tomorrow is a turn day...as well as Wednesday...so very choppy this week...

Sell the rally indeed...possible lod coming up....

I guess it's possible that was it for today...

New LOD today will indicate that the last intraday Pos D fails. = Bulls -2 attempts. let see, so far Pos D still in play.

That is pos d on the 1 minute chart, so not always reliable...

May be waiting for Dow to complete final wave v to hit lod...

[Daniel-David]

SPX lod, Nasdaq advancers lod

[Al_Dente]

RSI (2) on the daily is 2.30
Last time it was that low was Q4 last year

[Out of Bounds]

Closed shorts 165.11

[TraderGirl]

SPY... Possible count...my intraday charts say sell the rally...tomorrow is a turn day...as well as Wednesday...so very choppy this week...

Sell the rally indeed...possible lod coming up....

I guess it's possible that was it for today...

New LOD today will indicate that the last intraday Pos D fails. = Bulls -2 attempts. let see, so far Pos D still in play.

That is pos d on the 1 minute chart, so not always reliable...

May be waiting for Dow to complete final wave v to hit lod...

Wave v as expected...

[Cobra]

I'm neutral, don't know what to say. In a downtrend day, we usually keep have strong bull bar only gets sold every time until one finally successful, so don't know which one.

[Al_Dente]

Gap is filled
Nearing the H&S target (blue box)
New target for the declining triangle is the orange box

[Daniel-David]

IWM 50day MA is ca. 101. IWM price is currently ca. 101.

[user13]

amazon's site is down

[BullBear52x]

BTFD this time is different

Greed kills bulls or bears alike. peace!

[Junior Buffett]

BTFD this time is different

Greed kills bulls or bears alike. peace!

Hi BB,

Your blog shows some support line around 1600 level, do you expect this drop will take us there?

Thanks

[Daniel-David]

IS iwm losing its 50day..? Interesting to see if it can close above, even by a few cents...

[Al_Dente]

H&S target hit exactly
Expecting a little bounce here now….. maybe.....

[Cobra]

members only update at 3:48 pm
http://www.cobrasmarketview.com/2013/08 ... ay-update/

[Daniel-David]

Decent sized volume bars (per Schwab) on the selling in SPY into the close.

[TraderGirl]

Gap is filled
Nearing the H&S target (blue box)
New target for the declining triangle is the orange box

The attachment 819sixty_png.png is no longer available

My charts show that the target was already hit last Friday..

[Cobra]

well, guess that's it for today. I'll need dig a little before calling tomorrow, the conclusion is obvious for a NORMAL market but the question is: are we still in a normal market? thank you guys, I'll see you tomorrow.

before the close, please take a little time to vote for me, thanks. http://stockcharts.com/public/1684859/tenpp

[TraderGirl]

Dow fell below support, possible reason for the continued down move...

[Out of Bounds]

Long 164.90 - holding overnight.

[grachu]

cobra can you mentioned the 4 red days on SPY .... again what that meant . thanks !