02/08/2013 Live Update

[Harapa]

I think it's pretty significant that the SPX has made it up to trendline resistance while Dow can't seem to stay over 14,000...my long term chart says we hit resistance at 14,000 and get a pullback... I guess price was right...I thought we may get a throw over...but not so far....

Are your proposing a travel to ~1400 by SPY in days ahead

[TraderGirl]

VIX gap filled, now a gap on the upside...

[TraderGirl]

I think it's pretty significant that the SPX has made it up to trendline resistance while Dow can't seem to stay over 14,000...my long term chart says we hit resistance at 14,000 and get a pullback... I guess price was right...I thought we may get a throw over...but not so far....

Are your proposing a travel to ~1400 by SPY in days ahead

I don't know how low price will go....my chart suggests any where from 13,000-13,500...

But in term of timing...it's possible to see a low around Feb 25th to March 4th or so...we will have to see how price plays out...

We can see the sentiment starting to change...euphoria is starting to dwindle, so that is necessary in a pullback..

[BullBear52x]

VIX gap filled, now a gap on the upside...

My sell on XIV, this type of sell signal don't happen every day

[Harapa]

1 min suggests a good move at 12:00 p.m

37.png

Too bad, I will miss this moment.
See you all on the weekend, provided I have working utilities after the arrival of "North Easter" tonight

[Xian]

Just want to put out there that March 31 might have some impact.

March 31 is end of continuing resolution to fund the US Govt.

GOP couldn't follow through on threat to not raise debt ceiling and risk default— too much risk. On sequestration they're not unified.

HOWEVER, on March 31 they will not be afraid to shut down the govt as they were with debt ceiling— and they will be unified (unlike with sequestration).

I have no idea how this lines up with folks predictions of corrections, I have no idea if they will actually shut it down (GOP seem to be trying to reign in their more radical elements) ; just food for thought— keep an eye on March 31.

[ClarkW]

Is UVXY making a higher low? Nibbling...

[uempel]

Update 1 min, check the channel - and don't forget a signal at 12:00 p.m (not visible on this chart)

[TraderGirl]

Just want to put out there that March 31 might have some impact.

March 31 is end of continuing resolution to fund the US Govt.

GOP couldn't follow through on threat to not raise debt ceiling and risk default— too much risk. On sequestration they're not unified.

HOWEVER, on March 31 they will not be afraid to shut down the govt as they were with debt ceiling— and they will be unified (unlike with sequestration).

I have no idea how this lines up with folks predictions of corrections, I have no idea if they will actually shut it down (GOP seem to be trying to reign in their more radical elements) ; just food for thought— keep an eye on March 31.

thanks Xian, that info is crucial and very significant....

[Cobra]

any chances, this is a bump and run reversal top? I wouldn't bet on it though, just a thought.

are bears ever this lucky ?

It's consolidation therefore favors bulls now, forget about Bump and Run Reversal.

[SigmaEcho]

any chances, this is a bump and run reversal top? I wouldn't bet on it though, just a thought.

are bears ever this lucky ?

It's consolidation therefore favors bulls now, forget about Bump and Run Reversal.

Hi Cobra, how about DAX? seems like bottom candles last two days (index) ?
tnx

[Xian]

Just want to put out there that March 31 might have some impact.

March 31 is end of continuing resolution to fund the US Govt.

GOP couldn't follow through on threat to not raise debt ceiling and risk default— too much risk. On sequestration they're not unified.

HOWEVER, on March 31 they will not be afraid to shut down the govt as they were with debt ceiling— and they will be unified (unlike with sequestration).

I have no idea how this lines up with folks predictions of corrections, I have no idea if they will actually shut it down (GOP seem to be trying to reign in their more radical elements) ; just food for thought— keep an eye on March 31.

thanks Xian, that info is crucial and very significant....

Thanks TG you've made me (and saved me) so much money (on DDD alone!), I owe you big time.

[1der]

EUR very messed up with tons of PBars at 1.3363 price point. Somebody is testing something.

[1der]

EUR very messed up with tons of PBars at 1.3363 price point. Somebody is testing something.

Chart

[uempel]

Update 1 min:

[Al_Dente]

now TNA goes bonkers
(squeeze is already mature)

[Cobra]

any chances, this is a bump and run reversal top? I wouldn't bet on it though, just a thought.

are bears ever this lucky ?

It's consolidation therefore favors bulls now, forget about Bump and Run Reversal.

Hi Cobra, how about DAX? seems like bottom candles last two days (index) ?
tnx

No, I wouldn't read it as bottom candles, wait.

[Xian]

Update 1 min:

41.png

Uempel, sorry to bug, but didn't you post a chart this week about a signal for next week— I think early next week. Searching for it, can't find it. Am I mis-remembering?

[uempel]

Update 1 min:

41.png

Uempel, sorry to bug, but didn't you post a chart this week about a signal for next week— I think early next week. Searching for it, can't find it. Am I mis-remembering?

Yeah, it was today or Monday, at the moment I believe it's today

[TraderGirl]

Just want to put out there that March 31 might have some impact.

March 31 is end of continuing resolution to fund the US Govt.

GOP couldn't follow through on threat to not raise debt ceiling and risk default— too much risk. On sequestration they're not unified.

HOWEVER, on March 31 they will not be afraid to shut down the govt as they were with debt ceiling— and they will be unified (unlike with sequestration).

I have no idea how this lines up with folks predictions of corrections, I have no idea if they will actually shut it down (GOP seem to be trying to reign in their more radical elements) ; just food for thought— keep an eye on March 31.

thanks Xian, that info is crucial and very significant....

Thanks TG you've made me (and saved me) so much money (on DDD alone!), I owe you big time.