fehro
Posts: 22880 Joined: Fri Sep 02, 2011 2:06 pm
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by fehro » Fri Feb 28, 2014 2:54 pm
AAPL almost tagged it's 50d... now flirting under it's 20d
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fehro
Posts: 22880 Joined: Fri Sep 02, 2011 2:06 pm
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by fehro » Fri Feb 28, 2014 2:58 pm
XLF weekly
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silicon_beaver
Posts: 524 Joined: Wed Feb 23, 2011 4:09 pm
Location: Beaverton OR
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by silicon_beaver » Fri Feb 28, 2014 3:02 pm
silicon_beaver wrote: 1:30pm. lunch hour should be over. MM should start.
Wow, MM came back and pull it down.
BullBear52x
Posts: 29720 Joined: Tue Feb 22, 2011 3:47 pm
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by BullBear52x » Fri Feb 28, 2014 3:04 pm
now that both hourly /ES and SPX are aligned bullish (see MACD) next buying dip will be critical to both bulls and bears alike.
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My comments are for entertainment/educational purpose only. NOT a trade advice.
BullBear52x
Posts: 29720 Joined: Tue Feb 22, 2011 3:47 pm
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by BullBear52x » Fri Feb 28, 2014 3:07 pm
intraday, next buy set up at 1860.5 on /ES
My comments are for entertainment/educational purpose only. NOT a trade advice.
Cobra
Site Admin
Posts: 58952 Joined: Sat Feb 12, 2011 10:29 pm
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by Cobra » Fri Feb 28, 2014 3:11 pm
the pullback may have small legs. this is not a typical strong up trend day as the pullback is way larger than it should be.
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BullBear52x
Posts: 29720 Joined: Tue Feb 22, 2011 3:47 pm
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by BullBear52x » Fri Feb 28, 2014 3:19 pm
here's where's my entry is, it is what it is no guess work.
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My comments are for entertainment/educational purpose only. NOT a trade advice.
silicon_beaver
Posts: 524 Joined: Wed Feb 23, 2011 4:09 pm
Location: Beaverton OR
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by silicon_beaver » Fri Feb 28, 2014 3:25 pm
true.
bio-sector ticks on my radar are red, almost all red now.
could be Friday factor.
Out of Bounds wrote: IBB Biotech ETF is collapsing
TraderGirl
Posts: 5028 Joined: Thu Dec 22, 2011 2:47 pm
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by TraderGirl » Fri Feb 28, 2014 3:30 pm
This would be the ideal wave count....
Price turned off of "T", never made a higher high on SPY...one more leg down would indicate an "a" wave down, confirmed with FAS on right...we'll see...
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KENA
Posts: 2996 Joined: Tue Feb 15, 2011 1:54 pm
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by KENA » Fri Feb 28, 2014 3:34 pm
Looks like the mkt may be topped out or just about. I would not go long at this time. Lets see what happens.
silicon_beaver
Posts: 524 Joined: Wed Feb 23, 2011 4:09 pm
Location: Beaverton OR
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by silicon_beaver » Fri Feb 28, 2014 3:35 pm
Just cancelled my ES1860 buy setup. not much time to today's trip.
BullBear52x wrote: intraday, next buy set up at 1860.5 on /ES
fehro
Posts: 22880 Joined: Fri Sep 02, 2011 2:06 pm
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by fehro » Fri Feb 28, 2014 3:37 pm
Out of Bounds wrote: IBB Biotech ETF is collapsing
not a pretty candle on the weekly.. gravestone variety.... $BTK Biotech index
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MrMiyagi
Posts: 10328 Joined: Sun Oct 16, 2011 12:48 pm
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by MrMiyagi » Fri Feb 28, 2014 3:41 pm
Quite the turnaround in... everything..?
Cobra
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Posts: 58952 Joined: Sat Feb 12, 2011 10:29 pm
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by Cobra » Fri Feb 28, 2014 3:42 pm
2nd leg down indeed. now vol surge, may see rebound here first then we'll see if there's another leg down.
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Nrsimha
Posts: 473 Joined: Wed Jul 25, 2012 2:54 pm
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by Nrsimha » Fri Feb 28, 2014 3:46 pm
TraderGirl wrote: I have a potential ending wave count and a time signal off the "T" coming up soon...not sure if it will have an effect..we'll see...
Looks like an Ending Diagonal.
gappy
Posts: 3163 Joined: Tue Nov 22, 2011 3:34 pm
Location: Peapatch Tx
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by gappy » Fri Feb 28, 2014 3:47 pm
15 minute, maybe back to the cloud.
Capture.PNG
‘the petrodollar is our currency and our problem’....Gappy
Nrsimha
Posts: 473 Joined: Wed Jul 25, 2012 2:54 pm
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by Nrsimha » Fri Feb 28, 2014 3:48 pm
uempel wrote: Cheer myself up
I don't understand what you mean.
Nrsimha wrote: uempel wrote: Checking the very long term picture ...
SPX8.png
To cheer yourself up, I would suggest looking at charts for $SPX:$GOLD or SPY:GLD.
Especially look at the weekly candles with Aroon period = 15.
I meant that the chart doesn't look that bullish (actually it look quite bearish) when you look at it in gold (real) terms, not dollar terms.