08/19/2013 Live Update

[BullBear52x]

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

for trend following I will always prepare for the worst, it sure look to that direction until a new reversal sign can be seen, so far oversold but no new buy for trend following. buying here is totally counter trend.

one easy thing to look out for is a blue or green elder impulse system bar on a daily chart to say it's a buy-able bottom.

[Al_Dente]

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

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

we draw our targets differently boss

[Nrsimha]

My two cents:


Bloodbath tomorrow on FOMC worries


A B
Dow 14660 14990
SPY 163.05 161.40
QQQ 74.30 73.60


First targets are column A; if those are broken then column B.

Bottom line: Buy, buy, buy (back up the truck) at EOD because the low of the month will be in.

Full moon !!

[TWT]

$ES_F (Globex): Oversold bounce should be imminent