Page 5 of 11
Re: 07/05/2012 Live Update
Posted: Thu Jul 05, 2012 12:41 pm
by uempel
Al, yes, agreed.
And here two signals, one points to tomorrow's opening, the other to Monday's opening - kind of logical: a correction at the opening tomorrow and a reversal Monday? Or vice versa, a strong rally tomorrow and a bearish reversal Monday? I closed all positions now and I'm happy to be in cash prior to tomorrow's numbers
Re: 07/05/2012 Live Update
Posted: Thu Jul 05, 2012 12:42 pm
by stockcycle
The pullback might be like this. For my own trading plan (My plan today is bearish). Too sleepy now in VietNam.
Re: 07/05/2012 Live Update
Posted: Thu Jul 05, 2012 12:42 pm
by Cobra
purely from pattern, the 2 legged pullback didn't make too much damage so the bias is still up, FOR NOW.
Re: 07/05/2012 Live Update
Posted: Thu Jul 05, 2012 12:44 pm
by fehro
longer view, and closer view of SPX 60m
Re: 07/05/2012 Live Update
Posted: Thu Jul 05, 2012 12:46 pm
by Al_Dente
…at the moment…
nyadv ~1300 and nydec ~1600, slight bear bias in a “choppy/range” day
that can change quickly…
1 min
Re: 07/05/2012 Live Update
Posted: Thu Jul 05, 2012 12:48 pm
by ballatines
fehro wrote:longer view, and closer view of SPX 60m
could it be a big bear flag?
Re: 07/05/2012 Live Update
Posted: Thu Jul 05, 2012 12:50 pm
by MrMiyagi
RUT leading the way today, QQQ second.
Re: 07/05/2012 Live Update
Posted: Thu Jul 05, 2012 12:51 pm
by Cobra
rebound is weak, bulls need do more.
Re: 07/05/2012 Live Update
Posted: Thu Jul 05, 2012 12:52 pm
by toglesby27
Curious why that pattern doesn't qualify as a potential double top?
Re: 07/05/2012 Live Update
Posted: Thu Jul 05, 2012 12:52 pm
by fehro
ballatines wrote:fehro wrote:longer view, and closer view of SPX 60m
could it be a big bear flag?
Yes, or a bearish rising wedge?... but could morph into a upward channel.. think 1383ish is key. If we tag that, break 1330ish could see a sharp move down.
Re: 07/05/2012 Live Update
Posted: Thu Jul 05, 2012 12:53 pm
by MrMiyagi
Re: 07/05/2012 Live Update
Posted: Thu Jul 05, 2012 12:58 pm
by Al_Dente
uempel wrote:Al, yes, agreed....And here two signals, one points to tomorrow's opening, the other to Monday's opening - kind of logical: a correction at the opening tomorrow and a reversal Monday? Or vice versa, a strong rally tomorrow and a bearish reversal Monday? I closed all positions now and I'm happy to be in cash prior to tomorrow's numbers
SPX2.png
Dear Mr. Uempel:
http://www.youtube.com/watch?v=cFSczLif0q4
ps your timing signals ROCK
Re: 07/05/2012 Live Update
Posted: Thu Jul 05, 2012 1:02 pm
by Cobra
this rebound enough make an overlap area therefore bulls now have a little better chances.
Re: 07/05/2012 Live Update
Posted: Thu Jul 05, 2012 1:06 pm
by KENA
Al_Dente wrote:PAGING UEMPEL re VIX
And if u do a long term lookback, VIX stayed below 18 ish for FOUR+ YEARS in the 2003-2008 bull-spy run.
Note this is
long term 15 year chart, weekly.
My takeaway from Luby (and he’s the VIX “expert”) was to watch the daily VIX closing for reversal candle/s, (which is what we do anyway) and a pop in VIX for the
SHORT TERM.
ps thx for BPNYA
75vixlt.png
I have also been reading that the next trip for VIX is heading dn to 12 area.
Re: 07/05/2012 Live Update
Posted: Thu Jul 05, 2012 1:11 pm
by Cobra
100% target, $137.68 which I don't believe but Fib 61.8% target at $137.35 is still possible.
Re: 07/05/2012 Live Update
Posted: Thu Jul 05, 2012 1:12 pm
by SWalsh
Without HFTs to run stops, we really don't move. 85% of customer orders are filled against a machine that picked it off:
Re: 07/05/2012 Live Update
Posted: Thu Jul 05, 2012 1:13 pm
by KeiZai
Short term channel in dow
right in the middle
- no man's land
Re: 07/05/2012 Live Update
Posted: Thu Jul 05, 2012 1:18 pm
by Cobra
lunch time, will be back. bulls seem ok FOR NOW.
Re: 07/05/2012 Live Update
Posted: Thu Jul 05, 2012 1:19 pm
by TradingJackal
Watching the triangle in EURUSD
Re: 07/05/2012 Live Update
Posted: Thu Jul 05, 2012 1:20 pm
by SWalsh
I was just sent this chart. Everything is back to where it was in Europe.
Only this heavily manipulated market remains higher.