04/17/2015 Live Update

Trades with cats · Post by **Trades with cats** » Fri Apr 17, 2015 11:59 am

Pretzel Logic's Elliot Wave count has a Cletus option that agrees with Mr Bachnut. Possible this is D of a triangle. SPX reaching 2115 would confirm we are on the way to 2170. On the other hand (President Truman "can some one find me a one handed economist !"), if this drop proves out to be 5 waves down, not an ABC then the only question is how far will the Feds let it fall before they step in. My opinion is that they need a whole lot of political support to start printing money again so they are going to really have to let it rip.

Out of Bounds · Post by **Out of Bounds** » Fri Apr 17, 2015 12:02 pm

We all talked about Lumber several months ago and I put forward the opinion that China might be the cause of lower prices if they were beginning to see a building slowdown. We now know that to be true but I contend that the continues lower prices may be due to building slowdowns here also. I have not seen any domestic numbers to justify this theory, but these lumber prices are VERY low.

6 month and 10 year charts. Remember, construction is a leading indicator.

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MrMiyagi · Post by **MrMiyagi** » Fri Apr 17, 2015 12:08 pm

: spy

: qqq

Post by **Cobra** » Fri Apr 17, 2015 12:11 pm

key time, descending triangle or not. breakout would be double bottom bears are in danger.

Post by **Cobra** » Fri Apr 17, 2015 12:18 pm

well, let's make the pattern simple, breakout above line it's H&S bottom or double bottom.

fehro · Post by **fehro** » Fri Apr 17, 2015 12:21 pm

that high tight flag on the VIX 15m can't get any prettier..

Out of Bounds · Post by **Out of Bounds** » Fri Apr 17, 2015 12:24 pm

I'm just sitting neutral - waiting for the next trade.

jway888 · Post by **jway888** » Fri Apr 17, 2015 12:25 pm

The $TICK fight is extraordinary

Post by **Cobra** » Fri Apr 17, 2015 12:27 pm

members only update at 12:27 pm
http://www.cobrasmarketview.com/2015/04 ... ay-update/

MrMiyagi · Post by **MrMiyagi** » Fri Apr 17, 2015 12:30 pm

jway888 wrote:The $TICK fight is extraordinary

TRIN went psycho today.

RUT bouncing off 10 Bollinger?

BullBear52x · Post by **BullBear52x** » Fri Apr 17, 2015 12:32 pm

Mid term bulls are weak but not out, one more buy coupon left in it.

short term find excuse to sell.

BullBear52x · Post by **BullBear52x** » Fri Apr 17, 2015 12:34 pm

I-watch shortage. Hmmmm.

MrMiyagi · Post by **MrMiyagi** » Fri Apr 17, 2015 12:35 pm

Out of Bounds · Post by **Out of Bounds** » Fri Apr 17, 2015 12:38 pm

Long for a scalp

MrMiyagi · Post by **MrMiyagi** » Fri Apr 17, 2015 12:51 pm

TRIN and VIX acting like a Bear is in the oven.

fehro · Post by **fehro** » Fri Apr 17, 2015 12:53 pm

AAPL weekly lower close lower than 124.30 .. could be a longer term problem

BullBear52x · Post by **BullBear52x** » Fri Apr 17, 2015 12:55 pm

Bulls are so weak, can not even made pass the tiny resistance.

BullBear52x · Post by **BullBear52x** » Fri Apr 17, 2015 12:58 pm

MrMiyagi wrote:TRIN and VIX acting like a Bear is in the oven.

My read on fear, bulls are on defensive.

JFR · Post by **JFR** » Fri Apr 17, 2015 1:01 pm

From IBD ...

"would make it easier to sell shares short"

Beware the bear.

Out of Bounds · Post by **Out of Bounds** » Fri Apr 17, 2015 1:03 pm

BullBear52x wrote:Bulls are so weak, can not even made pass the tiny resistance.

Breadth is slowly improving, could see small up move.

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04/17/2015 Live Update

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