01/31/2014 Live Update

[MrMiyagi]

AMZN is now down 40 points

Day's low is 2$ lower.

[Cobra]

this bull may still have legs. by the way, once again, H&S Top (blue line is the neckline) proven not reliable at all.

[simpletrader]

this bull may still have legs. by the way, once again, H&S Top (blue line is the neckline) proven not reliable at all.

If it rebounds hard from here, that will be a total failed head and shoulder. .....

[Mr. BachNut]

I have been watching the Dow which seems to have been the weakest of the indexes.
It is meeting an hourly declining tops line.
It has made enough contacts already where a breakthrough up looks possible.
Moreover, looking at the volume bars suggests that the selling may be exhausting.
So, if it doesn't fail here, a move up may be on deck.
There is a fib fan on the chart for possible upside targets (next week?) if we get an up move.

[fehro]

SPX 15m.. tagging cyan dotted channel

[fehro]

SPX 5m

[Cobra]

volume surge, so pullback here. I think the pullback would be bought.

[fehro]

VIX 15m.. messy... possible pink ascending triangle..

[koolblue]

bulls have the edge,maybe even for a few days, but im not sure the bears will stay in hibernation for long. I showed monthly cash charts showing i had jan as a top remember?. In my work, that pretty much rules out new highs in the next month anyway. A t least thats the big picture scenerio im favoring for now, tho again ,the all important cash spx did not violate its line in the sand yet!

[MrMiyagi]

SPX channel. 2 year weekly chart I made last night, so it is not inclusive of today's move.

spx

[Mr. BachNut]

I have been watching the Dow which seems to have been the weakest of the indexes.
It is meeting an hourly declining tops line.
It has made enough contacts already where a breakthrough up looks possible.
Moreover, looking at the volume bars suggests that the selling may be exhausting.
So, if it doesn't fail here, a move up may be on deck.
There is a fib fan on the chart for possible upside targets (next week?) if we get an up move.

Needless to say, Mr. Market is in shake and bake mode.
So, I offer the above with utmost humility...
A lot of longs and shorts have been shaken out this week.
Next week is a new week and a new month (and a new year for some). Anything can happen.
Even if we get an up move, it may not be pretty or easy to trade.

[fehro]

Index 5m.. VIX not making new interday lows.. as indexes make highs... bear wedges

[Cobra]

I won't worried before this pullback exceeds the tinted area mini target.

[MrMiyagi]

!!!!! POWER HOUR !!!!!

[Nrsimha]

So far the bulls are not successful. Bye guys, I'm off.

The attachment SPX17.png is no longer available

[fehro]

http://www.newyorkfed.org/markets/tot_o ... edule.html New Schedule up....

[Nrsimha]

The way i read this thing is ..they took it down to within a whisker of every bodys bear/bull line in the sand, then a tremendous rally to convince most that the new highs next scenerio is alive .Then, next week? the bottom falls out and slightly lower lows come confirming the near term bear case thereby trapping the most people possible..lol.. At least thats one way this could work out, but we'll see.i base that on several reasons i have mentioned in my posts. i doubt however ,this correction(remember 5-7% has been very typical since 2009, refer to chart page one) is going to be the "big one".

And that is exactly why I base everything on weekly candles/time frame, and not daily charts.

[Cobra]

oops, this pullback might have small legs.

[fehro]

The way i read this thing is ..they took it down to within a whisker of every bodys bear/bull line in the sand, then a tremendous rally to convince most that the new highs next scenerio is alive .Then, next week? the bottom falls out and slightly lower lows come confirming the near term bear case thereby trapping the most people possible..lol.. At least thats one way this could work out, but we'll see.i base that on several reasons i have mentioned in my posts. i doubt however ,this correction(remember 5-7% has been very typical since 2009, refer to chart page one) is going to be the "big one".

And that is exactly why I base everything on weekly candles/time frame, and not daily charts.

yes one weekly chart I'm watching could see a flush down to 1700..in a heart beat... but could struggle for a couple first

[Nrsimha]

The way i read this thing is ..they took it down to within a whisker of every bodys bear/bull line in the sand, then a tremendous rally to convince most that the new highs next scenerio is alive .Then, next week? the bottom falls out and slightly lower lows come confirming the near term bear case thereby trapping the most people possible..lol.. At least thats one way this could work out, but we'll see.i base that on several reasons i have mentioned in my posts. i doubt however ,this correction(remember 5-7% has been very typical since 2009, refer to chart page one) is going to be the "big one".

And that is exactly why I base everything on weekly candles/time frame, and not daily charts.

yes one weekly chart I'm watching could see a flush down to 1700..in a heart beat... but could struggle for a couple first

Yeah, I'm waiting on the sidelines to see if the 10 week will cross under the 20 week and then I will go FULL BEAR ......