08/27/2013 Live Update

[Cobra]

rebound so far is weak.

[BullBear52x]

Straight TRIN, bottom panel

The attachment 827trin_png.png is no longer available

lastest $Tick and $Trin

[Al_Dente]

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

No, it’s a very vague “bottom near here sometime sooner rather than later” signal
aka it sucks

[Cobra]

mini rebound target. forgot to say.

[BullBear52x]

Buy here is like trying to catch a falling knife.

[rhight]

Companion to trend slope post
Daily Trend channel. Is this it for today? Caveat : down trends can accelerate. That said, I was rash and sold half my shorts ( the better half ) when this point was reached.

SPX 08-27-13 Trend.png (22.4 KiB) Viewed 6382 times

[Al_Dente]

Straight TRIN, bottom panel

The attachment 827trin_png.png is no longer available

lastest $Tick and $Trin

Thx boss
Same page
But log scale

[fehro]

NUGT, outside reversal today?

[ALdaytrade]

Tomorrow is a turn date...my charts indicate a bounce...

Hello Trader Girl,

Thank you for this information for all, do you have another turn date close after tomorrow?

Hello CNBC,

"President Obama has indicated an attack, no he has not, yes he has, no he has not, yes he has, maybe in 2 days, no maybe next week," wtf!!!

[Cobra]

mini rebound target met. possible bear target now.

[Daniel-David]

Can't shake the thought of a comment posted by Racer29 in the members only section this morning. Something about today being a large scheduled POMO day, and that the big banks sometimes like to let prices get nice and low, before applying the proceeds to the equity market.

Other than this, nothing is visible to prevent a trend day right into the close... imo.

[Cobra]

50% chances of double bottom again. trading this kind of market needs faith, firmly believe it's a downtrend day therefor sell all aggressive rebound. sadly i generally don't have any faith for bears as have been brainwashed for the past several years.

[TraderGirl]

RUT...done soon??

[joegamma]

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

No, it’s a very vague “bottom near here sometime sooner rather than later” signal
aka it sucks

ahh yes, those patterns that work great when looking at past on charts, but tend to cost money when trigger is actually pulled, THX!

[rhight]

50% chances of double bottom again. trading this kind of market needs faith, firmly believe it's a downtrend day therefor sell all aggressive rebound. sadly i generally don't have any faith for bears as have been brainwashed for the past several years.

And just when the bears were brainwashed, a bull trap was laid.

[fehro]

RUT...done soon??

I'm not sure. Daily looks like lower levels coming

[MrMiyagi]

RUT...done soon??

[1der]

Hello PPT, anyone home? hmmmm, maybe on vacation, hopefully not in the middle east

[Cobra]

volume surge again, not sure if it means rebound as 30 min to close now.

[TraderGirl]

RUT...done soon??

I'm not sure. Daily looks like lower levels coming

Intraday only...not longer term....