02/03/2014 Live Update

[Al_Dente]

Well, we sliced through that December-FOMC support like butter.
Next target is weak support at 174 (which is also the target for the broken “box” and the H&S posted earlier)
Then support at 172.00
But I can’t see going there without intervening bounces
daily chart

[gappy]

Capture.PNG

[Al_Dente]

Poetry break:

[fehro]

SPX daily... Pink bearish rising wedge... target almost hit... near support.. green dashed.

[MrMiyagi]

Just for fun.
Some P Bar fossils from ancient times have been unearthed:

You had to dig pretty deep for those!

[MrMiyagi]

"We're never going up again!!!"

Ah, remember the good ol' days of Bull?

[BullBear52x]

3rd time fear taken over.

[Al_Dente]

Yellen was sworn in today
I bet she’s saying “Oy”
[Trivia: She is married to economics-Nobel-prize winner George Akerlof]

[add-on]
couple of "smarty-pants"
http://en.wikipedia.org/wiki/George_Akerlof

[KENA]

SPX Daily Fib 61.8 % sits at 1724.59, this is where the mkt may be heading in the next few days or another one like today. Lets see.

[BullBear52x]

Poetry break:

The attachment poetry break_png.png is no longer available

[L_T]

Yes, especially if it closes > 2.0
Even then, it can take a day or two to reach a spy bottom

23trin_png.png

Nice chart.

[L_T]

XIV daily view. Sell signal given 1/24 (vertical red line) and certainly won't go into buy mode without major improvement.

[KeiZai]

Russell at 100% MM but this is likely just a wave3 of something (C?) if so A=C is 1050

[gappy]

SPX Daily Fib 61.8 % sits at 1724.59, this is where the mkt may be heading in the next few days or another one like today. Lets see.

Although it was SPY not SPX, I remember a rough see/saw @ 169's.

Capture.PNG

[BullBear52x]

Russell at 100% MM but this is likely just a wave3 of something (C?) if so A=C is 1050

TNA drop 22% + oy,

[rhight]

TRIN high up here suggests this move nearing its completion.
Should see daily with higher high and higher low in next few days.
Would you agree Mr. Dente?

Yes, especially if it closes > 2.0
Even then, it can take a day or two to reach a spy bottom
I like your wording """nearing""" ...

I use greater than or = 2,65 (my keyboard needs replacement!) per a quote in Technical Analysis by Kirkpatrick/Dahlquist ;

it sets the bar a little higher, although I like to OR it with a DNV/UPV ratio since it doesn't always trigger, especially EOD

[fehro]

Russell at 100% MM but this is likely just a wave3 of something (C?) if so A=C is 1050

Russells 200d SMA 1058ish.... INDU already tagged it's 200d today... SPX 1707.46

[MrMiyagi]

Yellen was sworn in today

[Trivia: She is married to economics-Nobel-prize winner George Akerlof]

couple of "smarty-pants"

Couple of VERY RICH AND OLD smarty-pants (who couldn't care less about 99% of the population).

[Cobra]

members only update at 1:56 pm
http://www.cobrasmarketview.com/2014/02 ... ay-update/

[fehro]

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