08/30/2012 Live Update

[shaca]

dnv/upv ratio on nyse and nasdaq are very high today
something is changing

[Cobra]

not sure if it's a double bottom?

[Mario TR]

Ins. Buy/Sell

by www.stocktiming.com

20120829_Inst-Buy-Sell.png (19.09 KiB) Viewed 4979 times

[OverUnder]

So it would actually be very suspicious if the markets trending straight up into Jackson Hole, right? So this pullback is bullish.

Yeah.

[Unique]

Exit plan for 141 SPY calls , filled $0.39

0.59 and 0.79 plan

[OverUnder]

Sheesh I was wondering what kind of chart that was and then I realized it was an enormous looking gap. A whole 5-6 es points lol. Edit: Do I hear 7, going once, going twice.

not sure if it's a double bottom?

[Mr. BachNut]

No change. Net Long carrying longs and shorts.
My summation index signal is short, and my technical trend signal is long.

Today is pre-positioning Jackson Hole.
Tomorrow is month end before long weekend and knee jerk reaction to Jackson Hole.
Tuesday/Wednesday should be considered reaction to Jackson Hole.
After that, we may know where the trend is at!

For the chartists, we may be completing a bit of a diamond top today.
If so, the target would be the rising bottoms line/50 day SMA.

P.S. Ignore the E Wave count stuff on the chart. I don't know what I am doing...

[Unique]

1min RSI <25, 5min RSI <20

Evil bear trap

[nasta]

GM,
FDAX has been very weak today losing major supports

[OverUnder]

I can't watch, it's too bloody. That being said, the last diamond pattern turned out to be a continuation.

I used to know a guy in a voice chat, he'd be like "It's going higher!" and he'd always add "Don't listen to me, I don't know what I'm doing!"

No change. Net Long carrying longs and shorts.
My summation index signal is short, and my technical trend signal is long.

Today is pre-positioning Jackson Hole.
Tomorrow is month end before long weekend and knee jerk reaction to Jackson Hole.
Tuesday/Wednesday should be considered reaction to Jackson Hole.
After that, we may know where the trend is at!

For the chartists, we may be completing a bit of a diamond top today.
If so, the target would be the rising bottoms line/50 day SMA.

D Top.jpg

P.S. Ignore the E Wave count stuff on the chart. I don't know what I am doing...

[Out of Bounds]

Daily bollinger is narrowing significantly - indicates breakout imminent. No indication to which direction.

[TradingJackal]

Looks like the structure of the market has changed. This is a good tell. Bearish momentum not heeding bullish divergences.

[TradingJackal]

HFTAlert http://stocktwits.com/HFTAlert/message/9323982

[EvilTrader]

Hey Folks

Look out where we are in the BIG TREND intraday picture !!

Its a BUY here !

Cheers Good Luck !

[Petsamo]

I'm glad EWG (Germany) is selling off on its own

[ClarkW]

Maybe it's because I've been trying to put on my bear costume for a month or so now and been wrong, but this big down day BEFORE Jackson Hole makes me think it's a trap....just a worry/thought

[Unique]

Game over bears, time to double on calls

Declining wedge + oversold, that's see how this plays 140.20-140.1, huge bounce, or now?

[noob]

Maybe it's because I've been trying to put on my bear costume for a month or so now and been wrong, but this big down day BEFORE Jackson Hole makes me think it's a trap....just a worry/thought

I had the same thought....

[Out of Bounds]

This may not be the time to BTFD. Do not become complacent.

[ClarkW]

SLV breakdown. Holding onto the 50ma right now