10/17/2014 Live Update

[Tutti]

The trin rule for marking bottoms actually runs at 100%. Not 75%. Not 90%. Not even 95%. It has a perfect record going back YEARS thru bull and bear markets. If we just bottomed, it would violate the trin rule for pretty much the first time ever.

Hey Dell, what's the sample size of that study? Can you expand a bit more on the constraints? Thanks.

trin has to hit 2 before a bottom is called. it often happens right at the bottom. it can happen a few days eariler and acts as a warning to watch for a bottom. Its come as early as 7 trading days before a bottom.

In this correction, the last time trin hit 2 was 16 days ago, which like a pbar that drops off miyagis map its no longer valid.

If we bottomed, this has never happened. I checked going back to before the 2008 credit crisis.

thanks!

[fehro]

SPX 60m/1m.. missed the minor interday gap .. lower gap.. would be "RS"… yellow trend.. need to see this next candle on the hourly.. may make a higher high/ doji..if this pattern is legit

[BullBear52x]

common pattern, bearish bias.

[user13]

The trin rule for marking bottoms actually runs at 100%. Not 75%. Not 90%. Not even 95%. It has a perfect record going back YEARS thru bull and bear markets. If we just bottomed, it would violate the trin rule for pretty much the first time ever.

Hey Dell, what's the sample size of that study? Can you expand a bit more on the constraints? Thanks.

trin has to hit 2 before a bottom is called. it often happens right at the bottom. it can happen a few days eariler and acts as a warning to watch for a bottom. Its come as early as 7 trading days before a bottom.

In this correction, the last time trin hit 2 was 16 days ago, which like a pbar that drops off miyagis map its no longer valid.

If we bottomed, this has never happened. I checked going back to before the 2008 credit crisis.

Do you mean close above 2?

[BullBear52x]

Zoom in.

[Junior Buffett]

SPX update on the 1 min chart

ertz.png

Uempel, looks like it has broken!! draw new lines?

Warren, here's your chart. Let's hope the breakout is not a trap. If I read the new headline in the NYT I'm speechless: Health Worker Who May Have Had Contact With Ebola Is on Cruise Ship. Honestly, it's unbelievable

hhh.png

Looks like breakout again,

[fehro]

SPX weekly… a big fwiw... tagged a mid channel of sorts… 50w MA 1888.54.. two blue boxes smaller one 2010 pull back / larger 2011 pullback.. hammer candle at the moment .. 200d @ 1906ish

[gappy]

Capture.PNG

[Claire]

By "bottom," do you mean IT term bottom or does it apply to ST bottoms?

[Out of Bounds]

Russell failing
Much like my S&P short

[DellGriffith]

By "bottom," do you mean IT term bottom or does it apply to ST bottoms?

All of the corrections of any significance have obeyed the trin rule. I don't know about short term bottoms, depends on your definition I guess.

[FlowerGirl]

Yesterday's 186.18 was met.

2014-10-15
BLOCK TRADE: $SPY 501,012 shares @ $186.21 [11:27:41]
BLOCK TRADE: $SPY 501,012 shares @ $186.21 [11:12:38]
BLOCK TRADE: $SPY 501,012 shares @ $186.21 [10:38:00]
BLOCK TRADE: $SPY 999,525 shares @ $186.21 [10:33:38]
BLOCK TRADE: $SPY 501,015 shares @ $186.21 [10:32:13]
BLOCK TRADE: $SPY 501,012 shares @ $186.21 [10:10:18]
BLOCK TRADE: $SPY 501,012 shares @ $186.21 [10:01:10]
Coincident or...

[fehro]

Russell failing
Much like my S&P short

RUT daily….for the uber bearish view.. another H&S as it retests heavy overhead resistance supply .. testing 20d.. 50d? next should it bounce around here for couple weeks and depending on the size and depth of RS.

[Claire]

By "bottom," do you mean IT term bottom or does it apply to ST bottoms?

All of the corrections of any significance have obeyed the trin rule. I don't know about short term bottoms, depends on your definition I guess.

ST for me would be a few weeks or about a month.

[BullBear52x]

Russell failing
Much like my S&P short

RUT daily….for the uber bearish view.. another H&S as it retests heavy overhead resistance supply .. testing 20d.. 50d? next should it bounce around here for couple weeks and depending on the size and depth of RS.

IWM is in come2papa 4, wait for RSI <70 to trigger the sell. most big players are moving into sell zone at the moment.

[BullBear52x]

The institution index is still got some room to hit the rips.

$SPX:$VIX ratio says it's ripe.

[ALdaytrade]

Here we go!

[BullBear52x]

Looking at VIX's long term CCI, fear is high to recommend any buy, it is what it is.... Peace!

[Out of Bounds]

Russel breadth is now negative. Others are very strong

[Cobra]

possible 3 push up. given the bull strength, guess might be another push up at least.