08/07/2012 Live Update

[Cobra]

another pullback, usually this pullback would be bought, at least the day's high will be revisited.

[MrMiyagi]

SPX 1500 for realz??

[EvilTrader]

Yes, shorting this type of chart is a fool's game, and being obsessed with the bearish side is a one way ticket to the pawn shop.

Is it just me or is everybody here looking for a pullback? Does that not concern anybody...?

Definition of OBSESSION

: a persistent disturbing preoccupation with an often unreasonable idea or feeling; also : something that causes such preoccupation—compare compulsion, phobia

—ob·ses·sion·al adjective

[xfradnex]

http://www.huffingtonpost.com/mobileweb ... 50004.html Today's pop news. l

[BullBear52x]

I called yesterday cliff "save by the bell" keep it simple, there's counter trend move, before the real deal on any side.

[MrMiyagi]

[Al_Dente]

Stalwart 5min SSO Renko has told me LONG since 8/3
So why am I dicking around like a honey badger?

[Cobra]

Testing EMA20. still think there'll be a rebound to at least test the day high. lunch time, will be back.

[BullBear52x]

Stalwart 5min SSO Renko has told me LONG since 8/3
So why am I dicking around like a honey badger?

87renko.png

nice chart, I think if a person discipline enough, simple moving average will do just fine. TA is simply drawing a line, buy above sell below combine with the time you spend on your screen. Keep it simple boss.

[Al_Dente]

SPX 1500 for realz??

We need an EARLY button P-Boy, pardon, "Professor P-Bar"

[trader_jay]

Yesterday it was NR7. Breakout either way is expected.

[MrMiyagi]

We need an EARLY button P-Boy, pardon, "Professor P-Bar"

I have my foot on that sumbitch, won't budge!!

[BullBear52x]

next buy the dip will tell, so far IWM is the weakest link.

[Al_Dente]

Stalwart 5min SSO Renko has told me LONG since 8/3
So why am I dicking around like a honey badger?[/attachment]

nice chart, I think if a person discipline enough, simple moving average will do just fine. TA is simply drawing a line, buy above sell below combine with the time you spend on your screen. Keep it simple boss.

boss I LOVE this renko 5m
I could live off of only this renko, spaghetti, and some chocolates.
ONLY little problem is that when we get an BIG opening gap, obviously renko only tells me that at the open when it gaps.
So I run around like a cray-cray trying to ANTICIPATE that via ob/os
Which is fruitless as we all know overbought likes to get more overbought blabla like 4 example now
OY
[renko courtesy benandlloyd]

ps: In case u were wondering, my other favorite foods are: Bacon
http://screencast.com/t/o4mawmX1

[BullBear52x]

Stalwart 5min SSO Renko has told me LONG since 8/3
So why am I dicking around like a honey badger?[/attachment]

nice chart, I think if a person discipline enough, simple moving average will do just fine. TA is simply drawing a line, buy above sell below combine with the time you spend on your screen. Keep it simple boss.

boss I LOVE this renko 5m
I could live off of only this renko, spaghetti, and some chocolates.

Nice stick to what work that's how I survive this market. see my blue line here, if no new high on these TRIN and VIX ratio, the high of the day is seen.

[MrMiyagi]

The Foot is having a bit of an effect here.. maybe?

[TraderGirl]

Paging: TraderGirl

Was there supposed to be a significant lunar influence today (and yesterday)?

Lunar turns can happen +/- 3 days, so we could see a turn delayed, and happen on Thurs/Fri. Although we have been used to turns turning down at resistance, they can also turn up....

There were two turns this week, Tues and Friday...so those turns can turn up or down....there is a possibility that we turned up into Friday...???? Can't really tell...vixies are not confirming this bullish move but we continue to move higher...???

During the first half of 2012, all of the turns that I had did not work on the bearish side, since the market was so bullish at the time...we may be experiencing the same thing....??

[EvilTrader]

The Foot is having a bit of an effect here.. maybe?

cool !

[Cobra]

goes as planed. no failure allowed for bulls.

[Al_Dente]

Rally from june 4 low… see how many times SPY likes to pierce her upper (default) bolinger band on daily, before a pullback (see blue circles).
Ignore red/green lines they just show if VIX is confirming or non-confirming (NC)

PS: Boss u want some bacon? http://screencast.com/t/ktAd2zPn