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Re: 08/28/2013 Live Update
Posted: Wed Aug 28, 2013 1:44 pm
by fehro
should we pull back here... SPX 5m... if not the neckline could be higher...or the bearish wedge could bigger..
Re: Re:
Posted: Wed Aug 28, 2013 1:46 pm
by TraderGirl
TraderGirl wrote:MrMiyagi wrote:TraderGirl wrote:.... so I sense a pullback coming, so anyone long here should "mind the gap"...so we will have to see how the price action goes from here...but oil can outperform near tops in the market...
Oil's predictability is a little off at this time; a little party thing happening in Syria and surrounding countries...
You are right, but technicals and wave counts matter...I did not know about Syria when I originally posted this count of a potential wave 5 to a higher high, but the wave count looked like it was ready for that along with the technicals...??? we'll see what happens next....??
Here is my original post:
viewtopic.php?f=2&t=1020&start=60#p138705
where I posted this chart suggesting a wave 5 up...I don't think news on Syria was happening at that time...
Re: 08/28/2013 Live Update
Posted: Wed Aug 28, 2013 1:47 pm
by ALdaytrade
Al_Dente wrote:TraderGirl wrote: not sure if this is the correct count we'll see but i'm watching both of these...XIV looks like it's in a bullish pattern..a price breakout and we go higher...
Thx boss
Here’s my fib on spy
xiv is orange behind spy;
it’s lagging
TWO MIN intraday only
828spy two_png.png
Thank you for this chart! This is interesting, do you notice that stocks lead the commodity price? Well I guess, from looking at this chart, XIV leads the $VIX in price.
Re: 08/28/2013 Live Update
Posted: Wed Aug 28, 2013 1:48 pm
by fehro
uempel wrote:This system was extremely reliable last week - it suggests that SPX target is at 1645
The attachment 44.png is no longer available
yes.. and could be a neckline retest.. I know not a great pattern... but there it is
Re: 08/28/2013 Live Update
Posted: Wed Aug 28, 2013 1:49 pm
by Cobra
too shy of mini pullback target, so bull flag, the bias is up.
Posted: Wed Aug 28, 2013 1:49 pm
by MrMiyagi
SPY still has upside-pBars.
Re: 08/28/2013 Live Update
Posted: Wed Aug 28, 2013 1:51 pm
by KENA
Hi Miyagi..Did you get these P bars dn to 163.40 at 1 pm and 1:35 pm..If not watch ..Sometimes I get them and you don't and you do and I don't..But anyway GT.
Re: 08/28/2013 Live Update
Posted: Wed Aug 28, 2013 1:52 pm
by Heck
TraderGirl wrote:UCO broke out and got a new high as expected...but I sold my UCO shares before that happened
Anyways...getting higher highs on neg d, while also creating some gaps below...and UCO sometimes (but not always) has a tendency to fill the gaps, so I sense a pullback coming, so anyone long here should "mind the gap"...so we will have to see how the price action goes from here...but oil can outperform near tops in the market...
Brilliant call & chart TG
Another look:
http://stockcharts.com/freecharts/perf.php?USO,TLT
Re: 08/28/2013 Live Update
Posted: Wed Aug 28, 2013 1:54 pm
by Al_Dente
ALdaytrade wrote:Al_Dente wrote:TraderGirl wrote: not sure if this is the correct count we'll see but i'm watching both of these...XIV looks like it's in a bullish pattern..a price breakout and we go higher...
Thx boss
Here’s my fib on spy
xiv is orange behind spy;
it’s lagging
TWO MIN intraday only
828spy two_png.png
Thank you for this chart! This is interesting, do you notice that stocks lead the commodity price? Well I guess, from looking at this chart, XIV leads the $VIX in price.
xiv usually leads spy
and then sometimes it doesn't
but it always catches up (or down)
Re: 08/28/2013 Live Update
Posted: Wed Aug 28, 2013 1:56 pm
by TraderGirl
Heck wrote:TraderGirl wrote:UCO broke out and got a new high as expected...but I sold my UCO shares before that happened
Anyways...getting higher highs on neg d, while also creating some gaps below...and UCO sometimes (but not always) has a tendency to fill the gaps, so I sense a pullback coming, so anyone long here should "mind the gap"...so we will have to see how the price action goes from here...but oil can outperform near tops in the market...
Brilliant call & chart TG
Another look:
http://stockcharts.com/freecharts/perf.php?USO,TLT
thanks....nice chart....so could there be a top in Oil and bottom in TLT nearby?? we will have to see how price plays out into the end of the year...
Re:
Posted: Wed Aug 28, 2013 1:59 pm
by TraderGirl
MrMiyagi wrote:SPY still has upside-pBars.
Charts indicate early weakness tomorrow...so longs could be closed out by eod....
Re: 08/28/2013 Live Update
Posted: Wed Aug 28, 2013 2:08 pm
by Cobra
2nd test of day high. key time. failure would mean double top.
Re: 08/28/2013 Live Update
Posted: Wed Aug 28, 2013 2:11 pm
by BullBear52x
like what I see
Re: 08/28/2013 Live Update
Posted: Wed Aug 28, 2013 2:12 pm
by fehro
SPX 5m
Re: 08/28/2013 Live Update
Posted: Wed Aug 28, 2013 2:13 pm
by Cobra
double top. first crack of today's bull which far from over yet though.
Posted: Wed Aug 28, 2013 2:15 pm
by MrMiyagi
Cobra wrote:double top. first crack of today's bull which far from over yet though.
What's far from over, the crack or the bull?
Re: 08/28/2013 Live Update
Posted: Wed Aug 28, 2013 2:16 pm
by ALdaytrade
This is what happens when it is announced that President Obama is about to speak!
Oh wait, it is the 50th anniversary of something on the 28th? Stupid "bots".
Re: 08/28/2013 Live Update
Posted: Wed Aug 28, 2013 2:17 pm
by BullBear52x
1630-31 /es
Re:
Posted: Wed Aug 28, 2013 2:19 pm
by daytradingES
MrMiyagi wrote:SPY still has upside-pBars.
Is that not a down-side P-bar Mr. M?
Posted: Wed Aug 28, 2013 2:22 pm
by MrMiyagi
daytradingES wrote:
Is that not a down-side P-bar Mr. M?
Well
that one is, just reminding that there are upsides still open from prior days.