08/27/2013 Live Update

[joegamma]

TRIN hit 2.0

I don't see that bud.. maybe my charts are on a delay?

I see about 1.8...

It was from my schwab feed
It beeps at 2.0
Now pulled back to 1.46 (on schw), now 2.0 again…
edit: now 2.07..........schwab feed........

is it a pattern to look at covering shorts when 2.0? beep beep, TIA

[TWT]

$SPX: I maintain the DZZ count

[Cobra]

volume surge, so might see rebound here first.

[fehro]

SPX 15m

[BullBear52x]

I see the fat lady somewhere on 61.8% avenue

[Daniel-David]

Today, highest intraday TRIN since 6/24 (per Forex Trading News)

[fehro]

filled one more gap SPX 60m ... an old Pbar if is still in play is a tad lower...

[Mr. T]

Miyagi.... hit the turbo!!

No, no, no... not the red button!! That launches the VXX gas rockets.

[MrMiyagi]

Miyagi.... hit the turbo!!

No, no, no... not the red button!! That launches the VXX gas rockets.

There is NOTHING that will help today Mr T!! Talk of US/Allies dropping candy over Syria is stalling the party.

[Al_Dente]

NYSE up/down volume most lopsided skew to the downside today since late June. (per Stockcharts)

Daniel-David thanks for your postings
This is not up-to-down volume here
It is down-volume-to-total volume $NYDNV/$NYTV
line at 0.90
In all cases in april may june we had a few more days to go before spy bottomed
[caveat: this time may be different…. and I haven’t studied it back further in time…. grain of salt…]

[BullBear52x]

Gaps

[Mr. T]

Miyagi.... hit the turbo!!

No, no, no... not the red button!! That launches the VXX gas rockets.

There is NOTHING that will help today Mr T!! Talk of US/Allies dropping candy over Syria is stalling the party.

My gold chains could bail out the country.... until they try to steal them again.
Even "T" has to admit they're a little overpriced right now.

[joegamma]

NYSE up/down volume most lopsided skew to the downside today since late June. (per Stockcharts)

Daniel-David thanks for your postings
This is not up-to-down volume here
It is down-volume-to-total volume $NYDNV/$NYTV
line at 0.90
In all cases in april may june we had a few more days to go before spy bottomed
[caveat: this time may be different…. and I haven’t studied it back further in time…. grain of salt…]

827down to up_png.png

Thanks Al: there might be small bounces, but lower lows are in store next few days to week

[MrMiyagi]

My gold chains could bail out the country.... until they try to steal them again.
Even "T" has to admit they're a little overpriced right now.

They will get pricier this fall....

NYDEC at 2440.

[ALdaytrade]

Well folk, my Fast Stochastics %K indicator on $VIX hit 100% so, $VIX has to retreat here a bit.

[Daniel-David]

In all cases in april may june we had a few more days to go before spy bottomed. (caveat: this time may be different….)

Consider too in light of a simple intraday study done today by Rob Hanna at his Overnight Edges blog. The net takeaway is that there's a 3/2 chance of a gap up tomorrow, but an outsized chance that a down gap will again be big. This dovetails with the above.

"Daniel-David thanks for your postings"

-Likewise.

[rhight]

Price has hit the bottom of the trend channel from the 8/2 High. So lets see if channel support will hold.

[Al_Dente]

Straight TRIN, bottom panel

[dowtrader]

Another view in 1-minute chart

[MrMiyagi]

!!!!!!! POWER HOUR !!!!!!!