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Re: 11/12/2013 Live Update
Posted: Tue Nov 12, 2013 11:43 am
by uempel
A close up of the chart I showed at the opening illustrates SPX' dilemma - strong resistance.
Re: 11/12/2013 Live Update
Posted: Tue Nov 12, 2013 11:46 am
by RealMoneyIssues
flrtrader wrote:Wow that 5min candle put coffee on my screen!
Gotta love those dip buyers...
Or is that the Fed buying equities and inconvenient times...
Re: 11/12/2013 Live Update
Posted: Tue Nov 12, 2013 11:47 am
by fehro
SPX 60m. possible resistance near here.. channel wise, if this is the top channel line(s)
Re: 11/12/2013 Live Update
Posted: Tue Nov 12, 2013 11:48 am
by Mr. BachNut
QQQ appears to have an appointment with some outstanding P-Bars.
Re: 11/12/2013 Live Update
Posted: Tue Nov 12, 2013 11:59 am
by Cobra
100% mm then pullback instead of double bottom, so bears still have chances today. wait.
Re: 11/12/2013 Live Update
Posted: Tue Nov 12, 2013 12:01 pm
by Cobra
blue arrow is my guess. usually there's another rebound attempt.
Re: 11/12/2013 Live Update
Posted: Tue Nov 12, 2013 12:08 pm
by DellGriffith
uempel wrote:Dell Griffith, don't you think the two investment categories are a bit unequal? You can argue that the gold market is much smaller than the equity market and the equity market is much smaller than the bond market. But size of the bitcoin market is 4 billion - that's teeny-weeny compared to the equity market or the USD volume
And even if we put size apart, I just don't see how the bitcoin market can be used as an indicator. Can you please explain
I'm toying with the theory. Sure there's holes. But bitcoin went vertical during a correction in equities back last spring, and collapsed and the market rally resumed. Bitcoin is going vertical again as the market looks soft to me.
So I'm watching.
Re: 11/12/2013 Live Update
Posted: Tue Nov 12, 2013 12:14 pm
by joegamma
does XIV tend to lead the SPY?
seems spy prices should be lower given the upvolume and down volume levels today
lots of mixed signals at this juncture...Dbl top in qqq 15min, fwiw
Re: 11/12/2013 Live Update
Posted: Tue Nov 12, 2013 12:14 pm
by gappy
Minutes of the Meeting of the Treasury Borrowing Advisory Committee Of the Securities Industry and Financial Markets Association November 5th, 2013
Capture.PNG
http://www.treasury.gov/press-center/pr ... l2209.aspx
Re: 11/12/2013 Live Update
Posted: Tue Nov 12, 2013 12:20 pm
by gappy
Re: 11/12/2013 Live Update
Posted: Tue Nov 12, 2013 12:27 pm
by fehro
SPX 15m... possible messy H&S yellow... or pink triangle if we chop around today.. waiting for Ben to speak tomorrow night 7pm EST
http://mam.econoday.com/
Re: 11/12/2013 Live Update
Posted: Tue Nov 12, 2013 12:30 pm
by Cobra
we're here. so far it's range day so not suitable for student day trader.
Re: 11/12/2013 Live Update
Posted: Tue Nov 12, 2013 12:30 pm
by TWT
$SPX: lower high + lower low The probability of a corrective phase is increasing
Re: 11/12/2013 Live Update
Posted: Tue Nov 12, 2013 12:41 pm
by joegamma
out of some iwm shorts for scratch, still looking to sell higher highs next few days
Re: 11/12/2013 Live Update
Posted: Tue Nov 12, 2013 12:42 pm
by Cobra
we're here. rebound was weaker than I thought. now back test day low so key time again.
Re: 11/12/2013 Live Update
Posted: Tue Nov 12, 2013 12:42 pm
by fehro
SPX 5m... messy minor H&S
Re: 11/12/2013 Live Update
Posted: Tue Nov 12, 2013 12:45 pm
by Cobra
100% mm, bear need exceed the target to see hopes.
Re: 11/12/2013 Live Update
Posted: Tue Nov 12, 2013 12:54 pm
by Cobra
we're here. key time. guess will see rebound first though.
Re: 11/12/2013 Live Update
Posted: Tue Nov 12, 2013 12:55 pm
by KeiZai
DAX potential harmonic pattern bullish 5-0 I think (I am just a newbie with this stuff so grain of salt needed
)
Re: 11/12/2013 Live Update
Posted: Tue Nov 12, 2013 1:00 pm
by uempel
Bulls don't need to be concerned if SPX 1750 holds. A break of that level would be quite an achievement for the bears
