08/12/2013 Live Update

[Al_Dente]

The dow looks anemic, but double bottom, bottom panel
Usually NEEDLE bottoms (SPY, IWM, XLF, DIA) are weak and need to be tested
[is this true or false?]

[Cobra]

double top or at least 2 legged pullback here.

[gappy]

GAPPY:
thanks for gold and china posts

You are most welcome, I have no TA/charting skills but sometimes the peabrain remembers something. The Cobra board is cream de la cream!

[fehro]

SPX 5m

[Al_Dente]

Spy busted her neckline, confirming an H&S
Now testing it ………………………..
Positive divergence on momentum
Negative on OBV volume

[Cobra]

H1 long. not sure.

[Cobra]

I have an appointment with doctor today, don't know when will be back. Last time it took 3 hours, this time, guess 1 hour is enough. we'll see.

[fehro]

SPX 5m.. minor interday gap not yet filled...

[Al_Dente]

I have an appointment with doctor today, don't know when will be back. Last time it took 3 hours, this time, guess 1 hour is enough. we'll see.

we will have CANDY waiting for u when u return, Chief

[Out of Bounds]

I have an appointment with doctor today, don't know when will be back. Last time it took 3 hours, this time, guess 1 hour is enough. we'll see.

Good luck. Don't bend over!

[fehro]

SPX 60m. could pop up to the green line and have one more push down to "finish" the bullish falling wedge, which at the same time could make a right shoulder, or push the neckline lower, and then another right shoulder... some options to keep in mind.

[KENA]

In absent of our P Bar Boss I got one up to 169.31 about 25 min. ago.It now looks like it is going up..Lets see

[Out of Bounds]

168.62. Anyone see that as a target?

[user13]

168.62. Anyone see that as a target?

I saw 168.81 (start of channel) as the target and we hit it so I am neutral for now
- We need a test of it still though

[Al_Dente]

REAR VIEW MIRROR:
See here if you followed the simple signals of NYUD volume and NYAD breadth [above 18/1.8 bolinger = risk on;
below bolinger = risk off] you’d be right on track this year in the short-ish term portfolio…
[green/red vertical lines are keyed to NYUD]

ALTERNATIVE: just follow the other signals:

[user13]

REAR VIEW MIRROR:
See here if you followed the simple signals of NYUD volume and NYAD breadth [above 18/1.8 bolinger = risk on;
below bolinger = risk off] you’d be right on track this year in the short-ish term portfolio…
[green/red vertical lines are keyed to NYUD]

812nyud.png

ALTERNATIVE: just follow the other signals:

812signalsb_png.png

Nice chat AL, can you explain how you use the nydnv:nytv
=)

[L_T]

REAR VIEW MIRROR:
See here if you followed the simple signals of NYUD volume and NYAD breadth [above 18/1.8 bolinger = risk on;
below bolinger = risk off] you’d be right on track this year in the short-ish term portfolio…
[green/red vertical lines are keyed to NYUD]

812nyud.png

ALTERNATIVE: just follow the other signals:

812signalsb_png.png

Al I like what you've got there. Have you been holding out on us???

[Out of Bounds]

Hope that wasn't a double bottom.

[Al_Dente]

Nice chat AL, can you explain how you use the nydnv:nytv
=)

thx
there isn't any nydnv:nytv here

[fehro]

minor divergence, lower lows on the SPX but not higher highs on the VIX. fwiw.