02/06/2013 Live Update

[skittlesmds]

House and Senate democrats are planning tax hikes on oil and gas co's, idea has support from republicans: source washingtonpost.

I'm sure this will help gas prices come down.

[skittlesmds]

Cobra,

Do you get per click revenue for ads on the top of your page? If you do, I'll click on them all day for ya.

[kenttown]

House and Senate democrats are planning tax hikes on oil and gas co's, idea has support from republicans: source washingtonpost.

I'm sure this will help gas prices come down.

Ben will fix that too.

[Mr. BachNut]

Great trade with DAX - with a little help from an ellipse I bought the lower boundary of the ellipse (which is kind of risky, was ready to jump out immediately) and was lucky to ride up all the way to 7595. Small trap at 7560 - but besides that this ellipse trade was textbook...

34.png

Pretty cool uempel. Masterful.

[uempel]

Update SPX, Fib cycle suggesting some move at 12:50 p.m.

[Cobra]

good, indeed more up. now C&H target I'm not sure. kind key time here, bulls need push up more otherwise it could be a 3 push up.

[uempel]

Great trade with DAX - with a little help from an ellipse I bought the lower boundary of the ellipse (which is kind of risky, was ready to jump out immediately) and was lucky to ride up all the way to 7595. Small trap at 7560 - but besides that this ellipse trade was textbook...

34.png

Pretty cool uempel. Masterful.

Thanks Bachnut. My main stumbling block is always mental: should I trust the ellipse (which indicates a low at 7540) or should I trust the P&F (which suggests a low further down at 7490). It's those doubts which make trading so stressful The more confident I am, so much better the trade

[TraderGirl]

Potential count....

TraderGirl,dont get your chart ,you have ii going to 1508 then nothing else can you explain.Thanks... Lets see 1523 Friday

Sorry Johnny, had to step out for a minute...

Here is a possible count....

[TWT]

$GLD: A new idea

[TraderGirl]

Transports could be in an ending diagonal...

[johnnywa]

Potential count....

TraderGirl,dont get your chart ,you have ii going to 1508 then nothing else can you explain.Thanks... Lets see 1523 Friday

Sorry Johnny, had to step out for a minute...

Here is a possible count....

Same as i have...

[TraderGirl]

Here is the bearish count on transports....which would indicate we have seen the high for now...

the reason this could be the count is that usually in a wedge pattern we see an abc formation, but I see 5 waves up for c which would not follow the wedge rules....

[uempel]

Update:

[Royal Flush]

Mark Hulbert

Feb. 6, 2013, 8:31 a.m. EST

Insiders now aggressively bearish
Commentary: Insider selling pace now fastest in several years

http://www.marketwatch.com/story/inside ... ry_popular

12:45 SPY 5 Min bar 7'615k mostly neg. vol on bull bar

[Cobra]

volume surge, something is happening? Wait. the chart is bullish biased though.

[uempel]

Byron Wien, who is pretty good, will be interviewed on CNBC in a few minutes...

[kenttown]

Byron Wien, who is pretty good, will be interviewed on CNBC in a few minutes...

He has very bearish outlook for 2013, SPX 1300.

[TraderGirl]

Bearish count on SPX....diamond top??

[TraderGirl]

Byron Wien, who is pretty good, will be interviewed on CNBC in a few minutes...

He has very bearish outlook for 2013, SPX 1300.

He is a very smart guy....

[Harapa]

Update:
12:50 Signal

The attachment 36.png is no longer available

UEMPEL Special
VIXies: Ultra short Term (DT) Bearish-neutral
M05: Buy