11/23/2012 Live Update

[silversurfer]

sorry charts are too large, but I provided their links

[tradematti]

'' thanksgiving week was mostly bearish recently ''.

[TraderGirl]

My chart said up today from what looked like a low...so beginning of the week my chart was off...but today was correct....the rest of the chart says down at the end of the day, then possible gap down on Monday and down at least into 27/28th from what I can see so far...

[Cobra]

support. as long as the green line held, the chart pattern is bullish.

[daytradingES]

Friday, Nov 23
1215 CT – Early CME Globex close for trade date Friday, Nov 23

1400 ES or 140.6 Spy?

possible top? 1402.25
(140.87 spy)

slightly lower top (1402.25 and then 1402) both dojis

[Cobra]

'' thanksgiving week was mostly bearish recently ''.

I agree, I said that, I showed you the statistics, it's just about the odds. I didn't make it up.

But anyway, I think I made it very clear this week every day about up bias, agree? I mentioned the 7 days rule here: http://www.cobrasmarketview.com/2012/11 ... -up-ahead/

I clearly said why up here: http://www.cobrasmarketview.com/2012/11 ... bb-bottom/

[Unique]

Sup all, long time no see.

Next monday+tuesday looking like big red days. Unsustainable one leg wave chart for SPY+AAPL. Overbought

Hmmm who will be right?

[SigmaEcho]

support. as long as the green line held, the chart pattern is bullish.

backtest

[daytradingES]

possible top? 1402.25
(140.87 spy)

I note that XIV is not participating in this rally. My intraday NYMO is outside the upper BB. If it closes there it means the latest possible market high is Tuesday's open because regardless of wether Tuesday's open is gap up or down I have yet to see the NYMO remain outside the BB for more than 2 days.

Hi RF,

I follow the first part about outside the BB and it doesn't stay there long, why couldn't it come back into to band on Monday?

So that is, why couldn't this be a top?

DT

[tradematti]

WE RALLY MORE THAN 60 SP POINTS. I DONT SEE YOU HOLD ANY LONG POSITION RIGHT.

[TWT]

SPX: A Triple Zig Zag can be considered done.

[rpccharts]

support. as long as the green line held, the chart pattern is bullish.

No volume into huge down volume on daily / weekly major bearish

[Cobra]

WE RALLY MORE THAN 60 SP POINTS. I DONT SEE YOU HOLD ANY LONG POSITION RIGHT.

You mean me? Did you check the members only intra-day update? I now provide my holdings (at the very first few lings), should be clear there when I started to long. http://www.cobrasmarketview.com/2012/11 ... ay-update/

[TraderGirl]

breadth..

[daytradingES]

lower high and now lower low

[Unique]

Sup all, long time no see.

Next monday+tuesday looking like big red days. Unsustainable one leg wave chart for SPY+AAPL. Overbought

Hmmm who will be right?

[Cobra]

a little breakdown, not much, so I'll give bulls more times.

[tradematti]

YOU ACTULLY NEVER WENT LONG SINCE THE BOTTOM , EXCEPT HEDGING YOUR SHORT.

[L_T]

possible top? 1402.25
(140.87 spy)

I note that XIV is not participating in this rally. My intraday NYMO is outside the upper BB. If it closes there it means the latest possible market high is Tuesday's open because regardless of wether Tuesday's open is gap up or down I have yet to see the NYMO remain outside the BB for more than 2 days.

scCAU5BFJ3.png

I'm thinking the same thing. Time to short for a day or two based on technically overbought levels.

[Cobra]

YOU ACTULLY NEVER WENT LONG SINCE THE BOTTOM , EXCEPT HEDGING YOUR SHORT.

check here where I added long: http://www.cobrasmarketview.com/2012/11 ... ay-update/

You don't expect me to catch every single move, do you?