07/12/2012 Live Update

[MrMiyagi]

It doesn't mean today....

[Cobra]

Cobra, if my guess is correct, we can expect one more leg down before making highs above 1374.81, because the lower trendline u have drawn on 15 chart in y'day report touched on SPY

possibly, but given the rebound strength so far it appears (if it could hold until close) and given by the statistics on SPX down 6 days in a row, I'd only expect a higher low.

[Al_Dente]

So fellas, assuming we finish with a white bullish-looking candlestick, but we don't do a higher high, are we still in a downleg ?

PETSAMO
I’m also watching the HEIKIN closing candle
Also the $VIX closing candle
ps: PLEASE give us your spreadsheet gap verdict after [edit: NEAR] the close THANKS

[TraderGirl]

I only see negative charts for tomorrow...SPX barely hanging on to 1334 area....could see us getting down to 1323 tomorrow....

[Cobra]

still is diamond. still praying...

[ballatines]

Cobra, not sure if you can include FXI analysis in ur public chartlist? all my friends in Hong Kong will vote on u until we lost all the money

HK people trade FXI? I thought you trade $HSI.

FXI for now looks not good to me.

FXI pattern could hints the performance in HK market ... and many times HK market front-run US ... it is good for doing hedging btw these market .. or pairing trade. FXI is quite popular ETF for us ~

[TraderGirl]

It doesn't mean today....

I think this candle may be right...

[Cobra]

Cobra, not sure if you can include FXI analysis in ur public chartlist? all my friends in Hong Kong will vote on u until we lost all the money

HK people trade FXI? I thought you trade $HSI.

FXI for now looks not good to me.

FXI pattern could hints the performance in HK market ... and many times HK market front-run US ... it is good for doing hedging btw these market .. or pairing trade. FXI is quite popular ETF for us ~

I need investigate this. Cannot promise because I've already got lots of works everyday. Thanks for understandings.

[Cobra]

up up up ole' ole' ole'

[lazytrader]

Cobra,

When you get a chance...could you look at GOOG...earnings next week....52k july calls bought yesterday.

[Petsamo]

So fellas, assuming we finish with a white bullish-looking candlestick, but we don't do a higher high, are we still in a downleg ?

PETSAMO
I’m also watching the HEIKIN closing candle
Also the $VIX closing candle
ps: PLEASE give us your spreadsheet gap verdict after the close THANKS

712heikin.png

Currently, I have mixed signals (favoring a gap up).

A nice thing I noticed about my spreadsheet, I could do a study, but I'm too lazy and I lost brain cells since I created it.
If it predicts a gap up, but we gap down, there's a decent probability we rise. So, we see higher prices, as if we gaped up. (and versa vice)

[OverUnder]

I'm gonna run out and get a cat just so I can get her in on this, brb.

up up up ole' ole' ole'

[grachu]

ha ha the praying cat.. you are funny I got LOVE COBRA !!!

[Petsamo]

I only see negative charts for tomorrow...SPX barely hanging on to 1334 area....could see us getting down to 1323 tomorrow....

Down is authorized, but Uempel said yesterday that they're having fun over there.

[Tabby]

I think you had a p bar in SPY $139.4 in your back pocket few days ago. Maybe the next step is 139.4 .

Weird thing is that it matches with end of last wave of C from Major y in WXY if you are bullish, W=1363, X=1309, Y =1390 where most of option trader started to bet on it when we were going up to 1374. If we don't get there by option expiry , does it market maker making heck of money from their losses?

[Al_Dente]

THANKS petsamo, that’s good gap info…….

[MrMiyagi]

Creeping up on POWER HOUR, is the A Team running out of steam?

[Petsamo]

THANKS petsamo, that’s good gap info…….

Remember, if we finish at the highs, the probability is a gap down.

[Al_Dente]

MR MIYAGI
The button
please

[TraderJoe]

MR MIYAGI
The button
please

Push it twice, we need the boost!!!