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Re: 04/05/2016 Live Update

Posted: Tue Apr 05, 2016 3:42 pm
by BullBear52x
Chart for the road:Bulls failed the challenge, 2026 come to mind, Peace!

Re: 04/05/2016 Live Update

Posted: Tue Apr 05, 2016 3:50 pm
by josephli
from a long term perspective, quite a shame if bull give up here. need some more push to confirm trend changes. no trend changes then we will see a retest of 1800

Re: 04/05/2016 Live Update

Posted: Tue Apr 05, 2016 3:50 pm
by Cobra

Re: 04/05/2016 Live Update

Posted: Tue Apr 05, 2016 3:53 pm
by josephli
Trades with cats wrote:Comment and chart from JP Morgan, all strategy types of hedge funds, on a net basis have not covered individual shorts. Instead they have bought baskets (S&P etc) to bring their net exposure to zero. Helps to explain why the Russel took off, they bought the ETF and stayed short the stinkers. So to me that is more confirmation that they share my bias that this rally, like almost all fast and violent turns, is part of a bear market. If they thought otherwise I think they would have covered the shorts instead of buying portfolio protection.http://www.zerohedge.com/news/2016-04-0 ... se-emerges
I don't think that support your conclusion. they bring their exposure to zero so they actually cover from a market perspective. we will need them to have net short exposure again to see bear market.

Re: 04/05/2016 Live Update

Posted: Tue Apr 05, 2016 3:54 pm
by josephli
probably not going to hold. hmm

Re: 04/05/2016 Live Update

Posted: Tue Apr 05, 2016 3:54 pm
by Cobra
well, guess that's it for today. Wednesday tomorrow has been bull friendly recently. thank you guys, I'll see you tomorrow.

before the close, please take a little time to vote for me, thanks. https://stockcharts.com/public/1684859/tenpp

Re: 04/05/2016 Live Update

Posted: Tue Apr 05, 2016 3:55 pm
by brokebybernacke2
bit oversold, maybe this would look more symmetrical....

Re: 04/05/2016 Live Update

Posted: Tue Apr 05, 2016 3:59 pm
by Out of Bounds
I don't think we'll bounce tomorrow.

04/05/2016 Live Update

Posted: Tue Apr 05, 2016 3:59 pm
by superxy
Hollow red bar fulfilled. That is amazing.

Re: 04/05/2016 Live Update

Posted: Tue Apr 05, 2016 4:00 pm
by Cobra

Re: 04/05/2016 Live Update

Posted: Tue Apr 05, 2016 4:01 pm
by Out of Bounds
superxy wrote:Hollow red bar fulfilled. That is amazing.
There's another one at 202

Re: 04/05/2016 Live Update

Posted: Tue Apr 05, 2016 4:02 pm
by Daniel
Out of Bounds wrote:I don't think we'll bounce tomorrow.
Then it won't.

GLTA

Posted: Tue Apr 05, 2016 4:03 pm
by MrMiyagi
SPY $205.58 was hit at open.
QQQ $109.17 also hit at open.

Re: 04/05/2016 Live Update

Posted: Tue Apr 05, 2016 5:02 pm
by DellGriffith
Well, a hard drop right now with the upper bb rising is still in play.