08/07/2012 Live Update

[Harapa]

AL,
RVX watch for a change in trend is ON

[essessme]

Pink price T ending along with 108 TD turn window opening

[Al_Dente]

AL,RVX watch for a change in trend is ON

U R GOOD
Looky here inverted RVX third panel down (red arrows)
(ps I haven’t done my homework on other thing……more questions later THANKS )

[Cobra]

H&S Top? Not sure.

[knock]

action in 2min? possible?

[Cobra]

will have to out for about hour, hopefully come back sooner though.

[MrMiyagi]

All this gain past 2 days and still the indicators are not pegged in overbought.

[Petsamo]

That's a very shallow H&S on SPY 5 min

[BullBear52x]

If you do not post that you selling or buying today you can not brag tomorrow, it's new rule

[shaca]

NZD is down -0,5%
decisive moment on the aud

is rare to see commodity currencies red and everything else green with solid gains ( oil +2%, copper +1,5%, spx +0,8% )

im curious to see if it is going to break down or bounce back adding more fuel to equities

[Al_Dente]

If you do not post that you selling or buying today you can not brag tomorrow, it's new rule

Boss I don’t follow those rules, I just follow the trend

Nina http://www.youtube.com/watch?v=0Q7w7gk1JhQ

[BullBear52x]

NZD is down -0,5%
decisive moment on the aud

is rare to see commodity currencies red and everything else green with solid gains ( oil +2%, copper +1,5%, spx +0,8% )

im curious to see if it is going to break down or bounce back adding more fuel to equities

Liquidity side of thing, aside from day trading, no threat for the bulls that I can see.

[BullBear52x]

If you do not post that you selling or buying today you can not brag tomorrow, it's new rule

Boss I don’t follow those rules, I just follow the trend

Nina http://www.youtube.com/watch?v=0Q7w7gk1JhQ

well, dip buyers zone now let see how strong it will be.

[MrMiyagi]

$VIX moving up but VXX and UVXY not budging past 10-15 minutes.

[MrMiyagi]

Here comes another SPY surge; oversold 5 minute chart. Maybe?

[BullBear52x]

Here comes another SPY surge; oversold 5 minute chart. Maybe?

see no up tick to buy yet, let it rolls.

[Unique]

Back from lunch

Quick Update with chart

Well I can only think of two bear and 1 bull scenario for these kinds of patterns.

SHORT TERM 1-3 Days

1. Bull, consolidation pattern to ride out overbought signals in order to make a higher high

2. Bear, MACD hourly that is about to cross usually suggests two things, either Plan A afternoon sell off (continue to 3)

3. Bear, or Plan B Gap down with follow through

Good luck

Disclosure: Same as before, I am already in SPY Sept Puts.

(Red downtrend line is from 2007 highs)

[BullBear52x]

OK cover first ask later

[MrMiyagi]

[usctrojan99]

I was skeptical at 1390 and went all cash. I want to short, but I am waiting for that reversal.