12/06/2013 Live Update

[uempel]

Short. Trapped.

My summation signal is down.
My composite trend signal went to neutral yesterday.

The no easy for bears principle is in effect!
I still have some room before stops come into play.
It is not unusual for the summation signal to be early (but it can also be wrong).
Interestingly, as of yesterday's close, the bears had finally done enough technical damage to compromise the up trend, giving me a neutral signal.
Perhaps it all gets repaired today. If my trend signal flips back up, it could trigger me into both longs and shorts. Ugh.
Assuming my trade survives the day, I'll be keen to see today's closing data.

Another aspect of yesterday is the McClellan made a lower low. While it would take a break of the November 7 MO low to confirm, I updated the oscillator trend lines (maroon) to mark a trend high, perhaps prematurely. Generally, I prefer to see an MO positive divergence against a price low, which was not the case yesterday. This is not essential though and perhaps the low was in on Wednesday. We shall see.

The attachment MO 120613.jpg is no longer available

Trapped? It depends what your time-horizon is, but maybe being long here is "the trap". Ellipses on BPSPX give a clear signal. Might take a few days or weeks to unfold:

[fehro]

COMPQ stamped out a new high... everyone else.. hmm couple of possible bear flags in there... INDEX 5m...

[uempel]

Update on this week's green cycle - and bye guys, have a great weekend

[Out of Bounds]

short 180.54
small short

[Cobra]

2nd test of day high, key time. I'm neutral.

[Al_Dente]

XIV hi on day HOD already

[joegamma]

i was expecting open high-go lower, watching iwm 11305/15, after europe closes...seems range next few days would be Thursday close upto today high, but wdik.

[Al_Dente]

president mandela_png.png (209.55 KiB) Viewed 12066 times

[fehro]

SPX 15m.. could still pop up to higher stronger resistance.. pink.

[fehro]

SPX 60m.. not this hour... maybe the next hour.. tiny doji... lunch hour

[TWT]

$SPX: If it is complex countertrend ZZ the wave c should form an Ending Diagonal

[Heck]

Staying long and strong from the last Sentiment Signal
Undervalued opening calls/puts on ALL 333%, EQ 360% and ETF/Index 317%
as high as they were on 9 March 2009 666 SPX low

http://www.ise.com/market-data/isee-index/

[Cobra]

consolidation before breakout is bullish.

[Mr. T]

"We're never going down again!!!"

[MrMiyagi]

Never ever going down...???

[Darkmatter]

$tick

[uempel]

[Mr. T]

Never ever going down...???

Impossible, we can only go up

[uempel]

Thanks Miyagi!

[joegamma]

rr.png

Master Uempel: can you show us how to move than fan forward a few days??

as in, where will the lines be on next Tuesday, relative to where we are now??