01/11/2013 Live Update

[TraderGirl]

My intraday chart calls for a rebound of some kind then more down....FWIW

[Out of Bounds]

My intraday chart calls for a rebound of some kind then more down....FWIW

Do you mean like right now? or something bigger later?

[Out of Bounds]

My target: 146.40

[Unique]

While I'm waiting for AAPL sub 500s or 505 at least. FB has reached overbought signals at extreme, good luck. FB is getting very close, need a price confirmation. (33-33.45 is a key resistance on daily from its inception)

[deeko]

does the SPY look like a mini cup and handle? Intraday?

[TraderGirl]

My intraday chart calls for a rebound of some kind then more down....FWIW

Do you mean like right now? or something bigger later?

right now...lower later today....

[deeko]

My target: 146.40

and then what? just kidding. I agree, with the target. Looks like decent support at that level.

[bushwaffle]

My intraday chart calls for a rebound of some kind then more down....FWIW

Do you mean like right now? or something bigger later?

right now...lower later today....

same here

[TraderGirl]

neg d needs to work itself out somehow...

[Al_Dente]

Snog has turned already. Earlier than i expected.

Capture.JPG

Boss would “normal” people call that a big-neg-diverg on the snogger?
Btw: Wednesday’s (9 Jan) intraday low on $VIX at $13.22 was a 5 year low
Can anyone confirm that?

My chart says yes but I'm not sure I trust that.
...and I never called anyone here 'normal'.

yo normal:
u don't trust the snoggie?
or u don't trust the vix charts?

Snoggy never lies. It's the Vix that I can't be sure about.

Would it kill u 2 say a few more words on the snoghomer
Shouldn’t it be way up there to confirm UP, like any decent momo-ish indicator
How do u read it?
It’s way down there, so neg diverg, grizz, yes or no?

[Al_Dente]

SSO 5m tweaked renko
Note fruit……green…….bottom panel

[deeko]

big move here on SPX, with volume. Any thoughts? does this fail?

[Cobra]

members only update at 11:08 am about SPY.
http://www.cobrasmarketview.com/2013/01 ... ay-update/

[Out of Bounds]

Would it kill u 2 say a few more words on the snoghomer
Shouldn’t it be way up there to confirm UP, like any decent momo-ish indicator
How do u read it?

It’s way down there, so neg diverg, grizz, yes or no?

Snog levels are not that important. It's the direction. A turn means the move is out of steam and reversing or about to reverse.
Levels are only important over long market runs to let you know that we may be getting extreme (think Bollinger Bands expanding too far).
It isn't 100% correct but it is reliable. Best though is its ability to give a signal in advance.

[Al_Dente]

Red bear ratios behind price are declining
That’s bullish until they turn back up
Nydec 1600
Nyadv 1200
Bear bias on another shite “chop/range” day

[uempel]

Thanks Denali, I wasn't aware the date is common knowledge Makes the move susceptible for some fake trap which might be difficult to trade..

Tuesday after opex and after MLK is ALWAYS a BIG TURN - HAS BEEN a MAJOR BOTTOM in 2008 (the Kerviel bottom), A MAJOR BOTTOM in 2009 (good for 75 SPX points) and a MAJOR TOP in 2010 when we slid to the BIG Feb employment day lows - the combination of post opex and the holiday is amazing. I believe AAPL's earnings are on the Wednesday, so if we are sliding in to there - it could be a GREAT buying opportunity..... or is we are rallying a GREAT sale..... 2011 was an ok sell as we popped for AAPL's earnings and then headed down.

-D

Harapa, I was talking about a bigger move later this month and now I can now pinpoint it more closely; Tuesday or Wedneday after the MLK holiday. Here an excerpt of the economic calendar, don't yet know what they'll pick to explain the move

34.png

[gappy]

Out DSLV, 26.60. Close enough for gov't work. GLTA. http://www.youtube.com/watch?v=EPEqRMVnZNU

[shaca]

Red bear ratios behind price are declining
That’s bullish until they turn back up
Nydec 1600
Nyadv 1200
Bear bias on another shite “chop/range” day

111one.png

hm
$NYA -0,15% and $nydnv:$nyupv is 1.94
it's high, 2 days ago it was $NYA +0,5% and ratio about 2.00

USD/CAD 4h timeframe, inverted hammer and probably an hammer, i'd watch if this hammer is going to fail or not to know where sp will move

[uempel]

Bye guys, happy trading and enjoy your weekend - I'm off, as I don't expect any significant move today

[deeko]

Bye guys, happy trading and enjoy your weekend - I'm off, as I don't expect any significant move today

Have a great weekend! Don't watch the market for the rest of the day.