05/15/2013 Live Update

[TraderGirl]

Interesting that when the market goes into these parabolic moves up...they have almost completely retraced in the past...at some point..

I am watching same thing at least back to EMA13

ES-x.png

What level is that on your chart?

[uempel]

So far the 132 System is fine. But note that the upper level can be easily busted, check January 2013 or August 2012...

[TraderGirl]

There is a strong reversal and big range day on 16/17th...Al you think we get a bounce here on metals?

[Al_Dente]

[KeiZai]

Interesting since 1982 we were just once outside of M-BB like we are now



trend pause is maybe not too far away

We live in the interesting time boss, and I may not have to eat Ramen Noodle for dinner tonight.

hehe definitely, insane but nothing is gonna surprise me in this market, not even DOW millions

[Out of Bounds]

L2?

[fehro]

Thank you for an excellent board. So many people are bullish. Jeremy Latham once said: when everybody agrees,
something else will happen. Is that still possible, or is it different this time?

It depends on who agrees...
tomorrow's AAII report will be very interesting: http://www.aaii.com/sentimentsurvey/sent_results

And of course then there's the commercial traders net position... http://www.nowandfutures.com/cot.html

Below as of May7...commercial traders inching to larger short positions (net difference)

[KeiZai]

Interesting that when the market goes into these parabolic moves up...they have almost completely retraced in the past...at some point..

I am watching same thing at least back to EMA13

ES-x.png

What level is that on your chart?

around 1670 (ES) today's high is 1660

[Denali92]

Hi!

Finally completed my extensive piece on opex and market melt ups....

http://www.cobrasmarketview.com/2013/05 ... ay-update/

It might provide some useful perspective.

-D

[fehro]

SPX 15m... bounce at green channel?

[Cobra]

volume surge, biggest bar, hopefully a rebound of some kind here, then we'll see.

[tsf]

Thank you for your thoughts and info, fehro.

[Cobra]

Hi!

Finally completed my extensive piece on opex and market melt ups....

http://www.cobrasmarketview.com/2013/05 ... ay-update/

It might provide some useful perspective.

-D

WOW, thank you, thank you, thank you!

[Al_Dente]

There is a strong reversal and big range day on 16/17th...Al you think we get a bounce here on metals?

My target is still test bottom 27.27 GDX
But it’s getting pretty oversold now….
GDX not gld

These are the top nine holdings GDX
Not very inspiring … yet…

[BullBear52x]

I can not wait to hear IHS on AAPL

[TraderGirl]

uup looks like a reversal candle..

[BullBear52x]

approaching intraday buy zone on SPY

[Cobra]

members only update at 2:22 pm
http://www.cobrasmarketview.com/2013/05 ... ay-update/

[BullBear52x]

members only update at 2:22 pm
http://www.cobrasmarketview.com/2013/05 ... ay-update/

Thanks nice target there, but if we go down that low we might running into TA damage on /ES going forward. that will be bad. not that I am bearish but it's important for me tonight.

[TWT]

$SPX: Impulsive decline = A top should be in place