01/15/2016 Live Update

[uempel]

Al_Dente, you're a scientist. My bro is like you. He always wants to know the basis of everything I say

[Darkmatter]

Really? How many times has your boy asked you for the basis of what you say, and how many times has he not asked you for the basis? Could you please post a dot chart with running commentary?

[fehro]

SPX moment of truth for the invs H&S

[josephli]

Al_Dente, you're a scientist. My bro is like you. He always wants to know the basis of everything I say

to be fair, technical analysis is not that different from astrology in the sense that only correlation but not causation is studied

[Al_Dente]

Al_Dente, you're a scientist. My bro is like you. He always wants to know the basis of everything I say

What planet am I on boss?
The Pasta is going retrograde, whatever that means

Watching that little bullshite inverse H&S trying to fail already, oy
Can the higher-low stick or will lower-low win
(in any case, it would be just a dead cat/flag until proven otherwise)

[Out of Bounds]

Al_Dente, you're a scientist. My bro is like you. He always wants to know the basis of everything I say

to be fair, technical analysis is not that different from astrology in the sense that only correlation but not causation is studied

Repectfully, a lot of T/A is about causation.

[Out of Bounds]

Bull?

[BullBear52x]

Trade your chart gentlemen, no entry or exit is was just noise

after the fact is out.

[tsf]

MLK week
Source: Ryan Detrick
chart date Jan 2014
Since '98 (first observed), MLK week extremely weak. $SPX down -0.76% avg and up just 38% of time. http://stks.co/d07o9

[josephli]

Al_Dente, you're a scientist. My bro is like you. He always wants to know the basis of everything I say

to be fair, technical analysis is not that different from astrology in the sense that only correlation but not causation is studied

Repectfully, a lot of T/A is about causation.

as a trader, i do belive so. meanwhile, academy has yet to prove TA has any causational relationship as far as I know. I have not seen a high impact finance paper discussing this. maybe one day Shiller's behavioural finance may explain this but for now nothing.

[MrMiyagi]

MrMiyagi, any recent p-bars on the IWM? Thanks!

There are others before these but I doubt that they will get hit any century soon.

iwm

[josephli]

USD big surge. normally that is bullish, but for an opex day, not sure.

[fehro]

Al_Dente, you're a scientist. My bro is like you. He always wants to know the basis of everything I say

to be fair, technical analysis is not that different from astrology in the sense that only correlation but not causation is studied

Repectfully, a lot of T/A is about causation.

and on that note.. SPY 4hr Moon chart..

[Out of Bounds]

/TF led the way down and now leading up.

[uempel]

By the way, whoever wants to see a fierce (female) bear in attack mode - go see the Revenant

[fehro]

ding ding.. pop… battle for the daily hammer?

[Cobra]

failed double top. another 100% mm, probably bears are over for today.

[uempel]

Bullish Percentages extremely weak:

http://stockcharts.com/freecharts/candl ... BPFINA|B|0

BPNYA is very near a low - unless this turns out to be a 2008 cataclysm:

[Al_Dente]

Okay because of all the bullshite going on here SPY, I had to redraw the neckline and the target
Now new breakout at new neckline……….. lift-off…
(dead cat until proven otherwise)

[MrMiyagi]

!!! POWER HOUR !!!