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04/30/2013 Live Update
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RealMoneyIssues
- Posts: 67
- Joined: Mon Aug 29, 2011 11:34 am
- Location: Virginia, USA
Re: 04/30/2013 Live Update
So true...stlwater wrote:I think it's the plan... That's the scary part.RealMoneyIssues wrote:Excellent observation, that is exactly what they will do... scary isn't it...stlwater wrote:Irrational exuberance is one thing, at least it's still based on market forces. This is manipulation.. basically saying up is down and down is up.. the rules are all wrong. When it blows up, they will blame capitalism.
Re: 04/30/2013 Live Update
$spx new high. 1597.38 > 1597.35. that's just symbolic of course. need a decisive new high to force bear to give up.
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Re: 04/30/2013 Live Update
What do you think about the weekly divergence RSI and monthly overbought? Daily RSI at trendline?Cobra wrote:$spx new high. 1597.38 > 1597.35. that's just symbolic of course. need a decisive new high to force bear to give up.
Monthly 10MA in line with Sept highs now..
Monthly volume stair step higher.
May...
Volatility holding.
As a matter of fact... Monthly RSI divergence between 2000, 2008, and today (RSI).
Re: 04/30/2013 Live Update
I'm talking my book. Check out the monthly RSI for SPX... By my calculations we are 10 points from an RSI trendline touch in the monthly time frame.
Based on the last time (Jan 2007) we came near the RSI trenline in the monthly TF we continued (in the following month) to gain about 20 points before turning down into a Feb/March correction swallowing 3 months of gains and touching the monthly 10MA before reversing sharply.
As an alternative and perhaps more seasonally relevant is the actual trendline touch (monthly close) which occurred in May of 2007. This would take some imagination but we'd have to close the month of May about 10 points higher than we are right now... In any case the forecast looks a little choppy ahead. Dress appropriately and take your Dramamine.
P.S. that was quite a volume spike on SPX for today...
As an alternative and perhaps more seasonally relevant is the actual trendline touch (monthly close) which occurred in May of 2007. This would take some imagination but we'd have to close the month of May about 10 points higher than we are right now... In any case the forecast looks a little choppy ahead. Dress appropriately and take your Dramamine.
P.S. that was quite a volume spike on SPX for today...
Last edited by stlwater on Tue Apr 30, 2013 4:53 pm, edited 2 times in total.
Re: 04/30/2013 Live Update
$1.2B to buy on the close... some have more info than others.
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BullBear52x
- Posts: 30707
- Joined: Tue Feb 22, 2011 3:47 pm
Re: 04/30/2013 Live Update
I will update up target tomorrow for you. gtg.flrtrader wrote:BullBear52x wrote:I am done posting today before I jinx it. what chart pattern is this, a double whammy?
Inverted H&S Targeting higher?
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Answer Pleeeeeze
My comments are for entertainment/educational purpose only. NOT a trade advice.
