01/08/2015 Live Update

[fehro]

ding ding.. FlowerG

[BullBear52x]

need a reading on TWTR. i see bullish call activities

I don't see anything out of the ordinary

It's on a buy. need this breakout to fly higher.

[Auole]

Fed ignite. disgusting. For prudence sake, another WolfeWave X hit today. The just previous one, indicators were very weak but price went on up. Checked World Indices today pre-market and they all were up. Must be a new World Bank memo accord. The rule on the wolfewave is when connecting downtrend wave 1 to wave 4 and extend = purple on the charts, which gives X is wait and see if it goes on up.
Flowergirl - <=my ignorance What do you mean by NUGT will be liquidated @ $15???? Thanks.

[grandeG]

Third push up?

new high but vol surge, could be another pullback here then we'll see.

[soku]

need a reading on TWTR. i see bullish call activities

I don't see anything out of the ordinary

It's on a buy. need this breakout to fly higher.

very unbalanced call buying in jan and early feb weekly. net inflow huge. 8000 jan 39.5 calls were bot in 2 lots at 0.74-75, against open interest of 4k. they need the stock to go over 40.25 to be break even.

add: the time frame is before next friday

[BullBear52x]

I will see intraday counter trend as failure unless 2055 is taking out but 61.8% will provide yet another strong support.

[Cobra]

this should not happen on a strong uptrend day. no good.

[Trades with cats]

Fed- So we have had two of the four speeches for this week. Evans did move the market, like Pavlov's dog all they have to say is more printing (less tightening) and those algo's take off. BUT he went too far and they had to unleash the Hilsenrath this morning to tamp down the optimism. I think the Evans ralley has a pretty short life. What we really need is a symbolic language that can be put on a chart to quantify probabilities of Fed intervention in the markets. After all it is no different than trading around the monthly employment report or GDP releases.

CL has been dropping for a half hour, down a buck, and it looks like it is still a fine leading indicator.

[fehro]

SPX

[Cobra]

channel, hopefully.

[Mr. BachNut]

Here are some P Bar stats that support Miyagi's 10 day window.
I tracked all material (>$0.40) P Bars for calendar 2014.
These were after-market P Bars from the Fidelity data feed.
So, there were differences from Miyagis bars but in all they comparable enough.
As you can imagine, the minority of stranded bars, which remain out there as buried fossils, were all downside bars.

[cletus]

I believe precious metals is still the wrong place to be long, as well as miners. A decent little run up but not any kind of trend change. A long open position may not be far off, but stocks are the better deal for now.

[fehro]

could be explosive.. move.. if we roll over late.. volume is lacking… if not.. it'll break down hard..

[cletus]

Here are some P Bar stats that support Miyagi's 10 day window.
I tracked all material (>$0.40) P Bars for calendar 2014.
These were after-market P Bars from the Fidelity data feed.
So, there were differences from Miyagis bars but in all they comparable enough.
As you can imagine, the minority of stranded bars, which remain out there as buried fossils, were all downside bars.

Interesting, thanks

[soku]

http://readingtowin.blogspot.com/2015/0 ... iends.html

[cletus]

could be explosive.. move.. if we roll over late.. volume is lacking… if not.. it'll break down hard..

A melt up into the close is more likely, IMO

[Mr. BachNut]

Here are some P Bar stats that support Miyagi's 10 day window.
I tracked all material (>$0.40) P Bars for calendar 2014.
These were after-market P Bars from the Fidelity data feed.
So, there were differences from Miyagis bars but in all they comparable enough.
As you can imagine, the minority of stranded bars, which remain out there as buried fossils, were all downside bars.

PBar Stats.jpg

NOTE: I only tracked SPY P Bars.

[fehro]

I believe precious metals is still the wrong place to be long, as well as miners. A decent little run up but not any kind of trend change. A long open position may not be far off, but stocks are the better deal for now.

possible bear flag.. GDX daily.. one more push down to take out the lows.. heavy over head supply (vol) in the 20-27 range..fwiw.

[Mr. BachNut]

Here are some P Bar stats that support Miyagi's 10 day window.
I tracked all material (>$0.40) P Bars for calendar 2014.
These were after-market P Bars from the Fidelity data feed.
So, there were differences from Miyagis bars but in all they comparable enough.
As you can imagine, the minority of stranded bars, which remain out there as buried fossils, were all downside bars.

PBar Stats.jpg

NOTE: I only tracked SPY P Bars.

Also NOTE: The drawdown on a bar that gets hung for awhile can be a large multiple of the smaller profitable moves that tag quickly.
So, high success rate but drawdowns asymmetry skewed negative.

[finman66]

Here are some P Bar stats that support Miyagi's 10 day window.
I tracked all material (>$0.40) P Bars for calendar 2014.
These were after-market P Bars from the Fidelity data feed.
So, there were differences from Miyagis bars but in all they comparable enough.
As you can imagine, the minority of stranded bars, which remain out there as buried fossils, were all downside bars.

PBar Stats.jpg

Thank you for taking the time to compile and much appreciation for sharing your findings !!

These are very helpful stats to have in our arsenal of tools.