12/02/2014 Live Update

[FlowerGirl]

Gotcha. I noticed your T2100, T2104, & T2123 combo gave the sell signal.

True, but this only sets the stage. I am now looking for a trigger.

[MrMiyagi]

spy

[Out of Bounds]

Icarus rally.

[FlowerGirl]

Up she goes.....

[Cobra]

vol surge, maybe a pullback here 1st then we'll see.

[BullBear52x]

fight the gap. looks like it will make it back out.

[Al_Dente]

Icarus rally.

and Sisyphus just closed the gap

off topic:
[save for later]
Guess who is still buying the dips in APPL
“Apple has the largest share repurchase program in history… Since 2012, Apple has spent $68 billion on buyback repurchasing approximately 10% of common shares outstanding, with approximately $22 billion remaining in the current authorization.
“…the gap between Apple's stock price and value is closing because of the ongoing share buyback program.”

“How Shareholders Have Benefited by $80 Billion”, plus a decent primer on buybacks.
[He doesn’t mention the “$29 billion of debt issuances” until THE LAST PARAGRAPH]
http://www.aboveavalon.com/notes/2014/1 ... -80billion

[BullBear52x]

$VIX is bullish bias SPX

but not abroad buying, overall bearish bias per vixies.

[DellGriffith]

FYI, tomorrow is the cycle top per my weekend update. In other words, its my time to pick a top and be utterly totally wrong!

[FlowerGirl]

Surprise...

AKA...Wild Imaginations...

[Cobra]

pullback as expected, my guess is there's another push up.

[BullBear52x]

I am expect a support at 2064 lower than that will really frustrate my charting. Peace.

[BullBear52x]

off topic:
[save for later]
Guess who is still buying the dips in APPL


Yesterday was buy the dip for AAPL but today histogram is now in negative, sit on hand for new sell entry setup. WDIK?

[TraderGirl]

In looking at IWM (right) you can see 5 waves up....either a corrective zig zag, or impulsive wave for "a" (meaning a higher high than "a")....so look to see what happens between 10am to 10:22 PST to see if it gets a low of some kind...

Look to see if SPY gets a low around 10:00am PST....

The next possible time frame for a turn could be around 12-12:25 pm PST......

[Al_Dente]

FYI, tomorrow is the cycle top per my weekend update. In other words, its my time to pick a top and be utterly totally wrong!

Dell: I am watching your “touch lower bolinger within one month” SPY rule with great interest.
Do you have anything to say about how IWM pierced the UPPER then LOWER bolinger IN TWO DAYS (two bars). It didn’t look like the BBs were excessively compressed?? Does it mean anything to you in terms of future direction?

[Al_Dente]

Yesterday was buy the dip for AAPL but today histogram is now in negative, sit on hand for new sell entry setup. WDIK?

LUKE, I AM YOUR FATHER, Oy

[marcueus]

Guys what the hell Next triangle

[BullBear52x]

Yesterday was buy the dip for AAPL but today histogram is now in negative, sit on hand for new sell entry setup. WDIK?

LUKE, I AM YOUR FATHER, Oy

what is good book to read for teen girl dad?

[DellGriffith]

FYI, tomorrow is the cycle top per my weekend update. In other words, its my time to pick a top and be utterly totally wrong!

Dell: I am watching your “touch lower bolinger within one month” SPY rule with great interest.
Do you have anything to say about how IWM pierced the UPPER then LOWER bolinger IN TWO DAYS (two bars). It didn’t look like the BBs were excessively compressed?? Does it mean anything to you in terms of future direction?

122iwm.png

By the book, tight bbs mean to expect a large, extended move in one direction. Most of the time it picks that direction straight out and runs with it for a long time. Sometimes that first move is a fakeout and it reverses. the reversal move then is the one that runs for a long time. you can tell its happening because bb width is increasing and its running hard. looks like its too early to call if that is the genuine move or the fakeout, but once the bbs are expanding and its made up its mind it should be a long run and you wind up with a large bb width.

[Al_Dente]

Yesterday was buy the dip for AAPL but today histogram is now in negative, sit on hand for new sell entry setup. WDIK?

LUKE, I AM YOUR FATHER, Oy

what is good book to read for teen girl dad?

I don’t like AAPL until Renko likes AAPL again
It will be late, but what’s the hurry?

Boss: teen girl?? is that a for real question??
the teens all love the vampire and zombie series
ABSOLUTELY "The Hunger Games" series if she hasn't read them yet, as they are one of the few in the genre where the girl hero kicks ass and takes names.
She needs to have a ballsy girl hero to emulate