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Re: 08/08/2012 Live Update
Posted: Wed Aug 08, 2012 10:06 am
by Al_Dente
15 min
AD starts out indicating a “choppy” or “range” day
Re: 08/08/2012 Live Update
Posted: Wed Aug 08, 2012 10:07 am
by KENA
Quote..Liquidity still made an up tick yesterday into the upper quadrent..Liquidity is being pushed to keep the mkt. up..The NDX,NYA,& SPY have ticks above the their upper Bollinger bands so thst is initiating a re-balancing pull back today..The Dollar did not hold so odds favor more dn side action short term..Ref=USDX
- chart by stocktimimg
- Mountain.png (20.84 KiB) Viewed 6980 times
Re: 08/08/2012 Live Update
Posted: Wed Aug 08, 2012 10:09 am
by shaca
TradingJackal wrote:Another wolfe wave in the ES futures. Looking Touch of blue line. We may revisit 1400+ today. Ratios are much better on this one (about 127 on both legs).
that doesn't seem correct to me
the trendlines should not be diverging
this is how it should have been
Re: 08/08/2012 Live Update
Posted: Wed Aug 08, 2012 10:18 am
by KENA
Re: 08/08/2012 Live Update
Posted: Wed Aug 08, 2012 10:18 am
by Unique
TradingJackal wrote:Another wolfe wave in the ES futures. Looking Touch of blue line. We may revisit 1400+ today. Ratios are much better on this one (about 127 on both legs).
Look more like a megaphone pattern than anything
Re: 08/08/2012 Live Update
Posted: Wed Aug 08, 2012 10:24 am
by TradingJackal
shaca wrote:TradingJackal wrote:Another wolfe wave in the ES futures. Looking Touch of blue line. We may revisit 1400+ today. Ratios are much better on this one (about 127 on both legs).
that doesn't seem correct to me
the trendlines should not be diverging
this is how it should have been
That is one illustration. In the page on Investopedia, the example is a diverging channel.
http://www.investopedia.com/articles/tr ... z22R8Q2DvD
Re: 08/08/2012 Live Update
Posted: Wed Aug 08, 2012 10:27 am
by TradingJackal
Unique wrote:TradingJackal wrote:Another wolfe wave in the ES futures. Looking Touch of blue line. We may revisit 1400+ today. Ratios are much better on this one (about 127 on both legs).
Look more like a megaphone pattern than anything
When the channel is diverging, the geometry looks like a megaphone.
Re: 08/08/2012 Live Update
Posted: Wed Aug 08, 2012 10:31 am
by usctrojan99
Nothing looks bearish here....
Re: 08/08/2012 Live Update
Posted: Wed Aug 08, 2012 10:33 am
by KENA
Notice the VIX and the very strong support/Resistance(depending if your bull or bear) at just above 15..So now what???????
- chart by stocktiming
Re: 08/08/2012 Live Update
Posted: Wed Aug 08, 2012 10:34 am
by shaca
very low volumes
up volumes are higher than down volumes with red NYA and nasdaq, i bet this will be a very boring, and +0,2% at the close, unless something happens
Re: 08/08/2012 Live Update
Posted: Wed Aug 08, 2012 10:36 am
by su_root
Al_Dente wrote:STOCKCHARTS NEW TOYS ALERT…All just went live, plus more
Coppick Curve
Ease of Movement (EMV)
Know Sure Thing (KST)
Mass Index
Negative Volume Index (NVI)
True Strength Index (TSI)
Ulcer Index
Vortex Indicator
Honey Badger Indicator (HB)
[Okay the Badger is fake, but all the rest are real. Please post any great results u may have with these.]
Thanx, VTX(21) on a weekly SPX chart looks quite good (long entry, trailing stop/win) at a first glance.
Re: 08/08/2012 Live Update
Posted: Wed Aug 08, 2012 10:37 am
by jdow
patiently holding QQQ short. Happy so far. staying below 15 and 20 min ema, hope we follow Europe. $66.25 is 60 min ema
Re: 08/08/2012 Live Update
Posted: Wed Aug 08, 2012 10:38 am
by Mongoose
EFA wrote:Al_Dente wrote:Hi EFA
can you link us to Fisher?
Thx
Yes, Cobra! here is the link:
http://www.bloomberg.com/news/2012-08-0 ... ncern.html
The bottom line is one that you, Master, already knew before Fisher spoke:...."The S&P 500 is in a “make-or-break situation” that will probably lead to either large gains or losses for the benchmark U.S. stocks gauge, according to technical analysts at UBS AG".
Have a great day!
Richard Fisher isnt a voting member of the FOMC, so its unlikely his comments will mean much.
Re: 08/08/2012 Live Update
Posted: Wed Aug 08, 2012 10:38 am
by KENA
A nice "U" for the first hour and are we now starting an inverted "U" for the next hour on the SPY.
Re: 08/08/2012 Live Update
Posted: Wed Aug 08, 2012 10:42 am
by shaca
anyway it's incredible how no 1 cares about china
take a look
http://advisorperspectives.com/dshort/c ... lpaug6.jpg
Re: 08/08/2012 Live Update
Posted: Wed Aug 08, 2012 10:44 am
by dr659
KENA wrote:A nice "U" for the first hour and are we now starting an inverted "U" for the next hour on the SPY.
Lets turn that smile upside down
Re: 08/08/2012 Live Update
Posted: Wed Aug 08, 2012 10:47 am
by Cobra
ASSUME we rebound here (I'm not saying we'll), should be another leg down sometimes later than.
Re: 08/08/2012 Live Update
Posted: Wed Aug 08, 2012 10:48 am
by jdow
all i care about is the tape. It' in there..
Re: 08/08/2012 Live Update
Posted: Wed Aug 08, 2012 10:50 am
by Al_Dente
su_root wrote:Al_Dente wrote:STOCKCHARTS NEW TOYS ALERT…
Thanx, VTX(21) on a weekly SPX chart looks quite good (long entry, trailing stop/win) at a first glance.
Thanks su
btw $VIX and $VXO being indices = no volume
So I use $NYDNV:$NYUPV ratio to find down volume
GL2u
Re: 08/08/2012 Live Update
Posted: Wed Aug 08, 2012 10:50 am
by Cobra
100% MM target.
