08/30/2013 Live Update

[gappy]

ts.PNG

[TraderGirl]

AAPL...I see a potential 5 waves in the making for wave A?... we'll see...

[rhight]

Today's TL support -
Make or Break baby!
Beware of Bear Trap!

[MrMiyagi]

John Kerry yaps in 26 minutes? Last time he said something, SPX dropped 10 points.

[Al_Dente]

Heck
Every time you post about ISEE I learn a little more about its usefulness
I especially note when you call a turn based on comparing the values from a few hours ago
Sometimes I have to cut/paste and study it later, as it is still a bit cryptic to me
I appreciate your posts, and I use your ISEE link quite often
http://www.ise.com/market-data/isee-index/
THANK YOU

[rhight]

Note the accelerating down trend resistance, and the decelerating down trend support. Potential positive divergence on RSI, although downtrend is strong according to ADX.

When the ADX is Rising:

15 to 25 : Beginning of trend use trending indicators.
25 to 45 : Definite trending use trending indicators.
>45 : Overextended use patterns, support and resistance,
oscillator divergences and failures.

Major trend reversals: When the ADX is above 35 and it is higher than either the Plus DI or the Minus DI then extreme caution is in order because many important trend reversals occur at these extremes. Credit to Kirkpatrick / Dahlquist.

Of course, this works on various time frames, depending on your style.

[Cobra]

mini rebound target met, but it's 2 legged already, so not strong. now volume surge, so hopefully it means pullback here.

[xfradnex]

The attachment 1554.png is no longer available

Same P-bar on Scott. 164.21 at 12:14

[fehro]

SPX 60m... just hanging under the major up trend line

[Al_Dente]

nydec is hanging on to 2000
bears DO NOT want it to slip and turn into a dome

[Zane]

this could not be any more bullish than what is showing on the vix

[rhight]

Selling equities, buying bonds

830candle gl_png.png

TLT has almost completely filled the gap….. it’s the last bit of resistance here…..

830tlt_png.png

Hello Al Dente, do you trade TLT?

[Cobra]

my guess. if my guess is wrong, we see sharp rebound here then don't expect the rebound would be sold as this is the 3rd time which should be different. so basically no serious rebound is allowed here.

[ALdaytrade]

this could not be any more bullish than what is showing on the vix

Sorry, "this could not be any more bullish" more bullish for $VIX or more bullish for $spx?

Slow to understand, sorry!

[Al_Dente]

Hello Al Dente, do you trade TLT?

NOT INTRADAY
No, I missed this leg
I was short bonds TBT until the 23rd
Still waiting for another spot to short
Middle panel, 60 min

Here’s my “quickie” daily with a default STO behind it
I don’t trade bonds intraday…… more swing-ish
What are yr thoughts boss?

[L_T]

Time to breakdown now?

[Cobra]

goes as expected. 2nd test of day low. key time. volume surge, biggest bar, so might see rebound here first then we'll see.

[MrMiyagi]

So... I guess Kerry is the contrarian indicator these days...

[xfradnex]

SPY Support Broke, But in channel.

[Junior Buffett]

goes as expected. 2nd test of day low. key time. volume surge, biggest bar, so might see rebound here first then we'll see.

I think bulls are done, see you 1600's!