05/22/2013 Live Update

[L_T]

VIX holding well, not collapse. interesting.

Seems an appropriate time to bust out one of those charts showing how far everything is from it's 50 period MA or something. Bespoke is always good for that.

Ask and you shall receive, although it's a bit stale from last Wednesday:

http://www.bespokeinvest.com/thinkbig/2 ... harts.html

[Mr. T]

"We're never going down again!!!!"

[Out of Bounds]

WTF am I watching here? 1987 style stuff right here.

[fehro]

tagged the upper channel... SPX 15m

[quatzl]

Just intraday. I do love gravity. Just not used to seeing it work.

[L_T]

WTF am I watching here? 1987 style stuff right here.

Fib retracement level / 50 EMA held so far.

[fehro]

tagged green channel on the daily SPX. The big question is.. do we tag the upper blue channel prior to a meaningful pullback? Or turnback here?

[Out of Bounds]

WTF am I watching here? 1987 style stuff right here.

Fib retracement level / 50 EMA held so far.

Seems as if more is afoot.

[L_T]

WTF am I watching here? 1987 style stuff right here.

Fib retracement level / 50 EMA held so far.

Seems as if more is afoot.

Agree. Hope you are still holding short.

[wayne0708]

is it time to pull back yet?

[Mr. T]

I though Ben was on our side?
LOL

[jarbo456]

GOOG being weak again. Still have my line in the sand at 897.20

[Cobra]

support. I'm neutral. at least the market is interesting.

[Out of Bounds]

WTF am I watching here? 1987 style stuff right here.

Fib retracement level / 50 EMA held so far.

Seems as if more is afoot.

Agree. Hope you are still holding short.

Yep but not sure if it is smart. I have a feeling that tomorrow will be red though after this wackiness. This stuff makes traders nervous and prone to lock in profits.

[BullBear52x]

evil laughter sell the rip. And now buy the dip is back .rinse and repeat.

[Cobra]

target on both side. you now know i cannot call this kind of pattern. wait.

[Out of Bounds]

I'm calling a top.
I adjusted Fibs for today's new top and all of the sudden the numbers fit like a glove:

[BullBear52x]

see RSI for guidance, bullish bias right now, but for new position I will wait for a break out of RSI range. have fun I will come back to collect my fee later today.

[toddcobbmd]

Wave 3 of wave 5 in approximate 5 hr cycle.

She looked at me with those big brown eyes and said, "Baby, you ain't seen nothin' yet!"

[Cobra]

members only update at 11:36 am
http://www.cobrasmarketview.com/2013/05 ... ay-update/