08/08/2012 Live Update

[Al_Dente]

15 min
AD starts out indicating a “choppy” or “range” day

[KENA]

Quote..Liquidity still made an up tick yesterday into the upper quadrent..Liquidity is being pushed to keep the mkt. up..The NDX,NYA,& SPY have ticks above the their upper Bollinger bands so thst is initiating a re-balancing pull back today..The Dollar did not hold so odds favor more dn side action short term..Ref=USDX

chart by stocktimimg

Mountain.png (20.84 KiB) Viewed 6976 times

[shaca]

Another wolfe wave in the ES futures. Looking Touch of blue line. We may revisit 1400+ today. Ratios are much better on this one (about 127 on both legs).

that doesn't seem correct to me
the trendlines should not be diverging

this is how it should have been

[KENA]

The strong and weak stocks direction are still in a sideways move.

chart by stocktiming

WAITING

the-bear-market-is-only-beginning.jpg (7.64 KiB) Viewed 6955 times

[Unique]

Another wolfe wave in the ES futures. Looking Touch of blue line. We may revisit 1400+ today. Ratios are much better on this one (about 127 on both legs).

Look more like a megaphone pattern than anything

[TradingJackal]

Another wolfe wave in the ES futures. Looking Touch of blue line. We may revisit 1400+ today. Ratios are much better on this one (about 127 on both legs).

that doesn't seem correct to me
the trendlines should not be diverging

this is how it should have been

That is one illustration. In the page on Investopedia, the example is a diverging channel.
http://www.investopedia.com/articles/tr ... z22R8Q2DvD

[TradingJackal]

Another wolfe wave in the ES futures. Looking Touch of blue line. We may revisit 1400+ today. Ratios are much better on this one (about 127 on both legs).

Look more like a megaphone pattern than anything

When the channel is diverging, the geometry looks like a megaphone.

[usctrojan99]

Nothing looks bearish here....

[KENA]

Notice the VIX and the very strong support/Resistance(depending if your bull or bear) at just above 15..So now what???????

chart by stocktiming

[shaca]

very low volumes
up volumes are higher than down volumes with red NYA and nasdaq, i bet this will be a very boring, and +0,2% at the close, unless something happens

[su_root]

STOCKCHARTS NEW TOYS ALERT…All just went live, plus more

Coppick Curve
Ease of Movement (EMV)
Know Sure Thing (KST)
Mass Index
Negative Volume Index (NVI)
True Strength Index (TSI)
Ulcer Index
Vortex Indicator
Honey Badger Indicator (HB)

[Okay the Badger is fake, but all the rest are real. Please post any great results u may have with these.]

Thanx, VTX(21) on a weekly SPX chart looks quite good (long entry, trailing stop/win) at a first glance.

[jdow]

patiently holding QQQ short. Happy so far. staying below 15 and 20 min ema, hope we follow Europe. $66.25 is 60 min ema

[Mongoose]

Hi EFA
can you link us to Fisher?
Thx

Yes, Cobra! here is the link:

http://www.bloomberg.com/news/2012-08-0 ... ncern.html

The bottom line is one that you, Master, already knew before Fisher spoke:...."The S&P 500 is in a “make-or-break situation” that will probably lead to either large gains or losses for the benchmark U.S. stocks gauge, according to technical analysts at UBS AG".
Have a great day!

Richard Fisher isnt a voting member of the FOMC, so its unlikely his comments will mean much.

[KENA]

A nice "U" for the first hour and are we now starting an inverted "U" for the next hour on the SPY.

[shaca]

anyway it's incredible how no 1 cares about china
take a look
http://advisorperspectives.com/dshort/c ... lpaug6.jpg

[dr659]

A nice "U" for the first hour and are we now starting an inverted "U" for the next hour on the SPY.

Lets turn that smile upside down

[Cobra]

ASSUME we rebound here (I'm not saying we'll), should be another leg down sometimes later than.

[jdow]

anyway it's incredible how no 1 cares about china
take a look
http://advisorperspectives.com/dshort/c ... lpaug6.jpg

all i care about is the tape. It' in there..

[Al_Dente]

STOCKCHARTS NEW TOYS ALERT…

Thanx, VTX(21) on a weekly SPX chart looks quite good (long entry, trailing stop/win) at a first glance.

Thanks su
btw $VIX and $VXO being indices = no volume
So I use $NYDNV:$NYUPV ratio to find down volume
GL2u

[Cobra]

100% MM target.