08/29/2013 Live Update

[fehro]

GDX target (gap fill and measured move and support) is about 26.98, let’s say 27
But right now it is at 50% fib retrace and at a pivot point so a bounce is possible?
[Fehro do you have a better view?….. of gdx NOT nugt or dust….. thx]

The attachment 829gdx_png.png is no longer available

yeah not sure.. would expect a little bounce*, then continue down?... a little ABC /3 wave move down? Looking for a little day trade here

not a bad little day trade....

[Mr. BachNut]

It appears traders/computers sold the 100 hour MA.

[seemore]

GDX target (gap fill and measured move and support) is about 26.98, let’s say 27
But right now it is at 50% fib retrace and at a pivot point so a bounce is possible?
[Fehro do you have a better view?….. of gdx NOT nugt or dust….. thx]

829gdx_png.png

yeah not sure.. would expect a little bounce*, then continue down?... a little ABC /3 wave move down? Looking for a little day trade here

not a bad little day trade....

watch out for trendline resistance soon here. very bullish if it breaks through.

[fehro]

GDX target (gap fill and measured move and support) is about 26.98, let’s say 27
But right now it is at 50% fib retrace and at a pivot point so a bounce is possible?
[Fehro do you have a better view?….. of gdx NOT nugt or dust….. thx]

829gdx_png.png

yeah not sure.. would expect a little bounce*, then continue down?... a little ABC /3 wave move down? Looking for a little day trade here

not a bad little day trade....

watch out for trendline resistance soon here. very bullish if it breaks through.

Thanks... but already out!

[Al_Dente]

Percentage performance commodities gold

[dowtrader]

Dow, let's see if we get this leg down...

Yes...got this leg down...now let's test the high...you guys know what's next..

there is a higher chance for this down leg to touch or visit 14,454 - 14,463 area as a test. Then the bull/bear fight will show up

[uempel]

Ahhh Mr. BachNut, I thought they sold the Gann-grid

It appears traders/computers sold the 100 hour MA.

The attachment ES 100.jpg is no longer available

[MrMiyagi]

A bounce here would be what the doctor ordered.

[TraderGirl]

Dow, let's see if we get this leg down...

Yes...got this leg down...now let's test the high...you guys know what's next..

there is a higher chance for this down leg to touch or visit 14,454 - 14,463 area as a test. Then the bull/bear fight will show up

you realize I am talking about intraday right?

[jack black]

Is there an explanation on the record braking equity put/call ratio yesterday? ISE also registered a record IIRC. Anyone trading against it?

[Al_Dente]

Is there an explanation on the record braking equity put/call ratio yesterday? ISE also registered a record IIRC. Anyone trading against it?

Last night in the members section Cobra said the chatter was that it might have been a data error
He was checking on it…………

[Cobra]

hopefully it's bull flag breakout. I'm neutral.

[TraderGirl]

Non-trading subject...please sign this petition, this judge is disgusting: http://www.change.org/petitions/federal ... -the-bench

This judge basically put the blame on the 14 year old student for getting raped...then she later committed suicide...

Cherice Moralez was just 14 when her 49-year old teacher repeatedly raped her. Two years later, Cherice committed suicide--and according to her mother, the trauma of rape was a major factor in her death.1

But on Monday, 5 years after the rape, Billings, Montana Judge G. Todd Baugh sent her rapist to prison for just 30 days. In his ruling, he justified the light sentence because he said the victim was “as much in control of the situation” as her rapist and that she was “older than her chronological age.”

Cherice Moralez’s mother was in the courtroom when the Judge blamed her daughter for her own rape. “I guess somehow it makes a rape more acceptable if you blame the victim, even if she was only 14,” she said in a written statement after the sentencing.5

Originally, Judge Baugh gave the rapist, Stacey Rombard, no jail time at all, sending him to a sex offender rehabilitation program instead. Rombard was back in court after violating the rules of the program--including the provision that bans him from having contact with children.6 But Judge Baugh thought he still shouldn't serve his full sentence, suspending all but 31 days and giving him a credit for one day he had already served.

[Mr. BachNut]

Ahhh Mr. BachNut, I thought they sold the Gann-grid

The attachment 84.png is no longer available

It appears traders/computers sold the 100 hour MA.

The attachment ES 100.jpg is no longer available

Well, perhaps it was Gap resistance they sold...

[Out of Bounds]

Short 164.84 - let's see.....

[Al_Dente]

Top: Volatility-futures traders (XIV) and options traders (VIX) are not buying this rally
Middle: IWM at gap resistance
Bottom: QQQ almost filled that island reversal !!

[fehro]

SPX 5m

[Out of Bounds]

Voodoo works!

[Cobra]

target not sure. I'm neutral.

[rhight]

Just logged in. So what's the consensus? On SPX, from yesterday's low, is this an ABC bull flag in an on going downtrend, or the beginning of a new weekly uptrend?