01/11/2013 Live Update

[PanamaJack]

SSO 5m tweaked renko
Note fruit……green…….bottom panel

The attachment 111ssorenko.png is no longer available

Kool Kat followed groups advice, XIV was also a pre-crusor to the swap -- used Boll-B %B downturn as a signal on the XIV chart. I was in SDS.

[BullBear52x]

XLF/FAS so far I see it as failed break out, it is back to sell the rip or roll down sell below LOD for swing set up,

[uempel]

Bye guys, happy trading and enjoy your weekend - I'm off, as I don't expect any significant move today

Have a great weekend! Don't watch the market for the rest of the day.

Thanks, I've got to tear myself away from the screen now

[Al_Dente]

Would it kill u 2 say a few more words on the snoghomer
Shouldn’t it be way up there to confirm UP, like any decent momo-ish indicator
How do u read it?
It’s way down there, so neg diverg, grizz, yes or no?

Snog levels are not that important. It's the direction. A turn means the move is out of steam and reversing or about to reverse.
Levels are only important over long market runs to let you know that we may be getting extreme (think Bollinger Bands expanding too far).
It isn't 100% correct but it is reliable. Best though is its ability to give a signal in advance.

Thanks boss
btw please keep alerting us to the snoggie “signal in advance”

[TraderGirl]

Anyone have any thoughts on SOXS here?? looking tasty....

[deeko]

if the SPY breaks 146.76 (right at it now), I think we will eventually get to 146.40 at some point today.

[TraderGirl]

Inverse...SOXL....

[Out of Bounds]

Cobra's 1.02. SPXEW looks much worse than SPY

[Al_Dente]

Red bear ratios behind price are declining
That’s bullish until they turn back up
Nydec 1600
Nyadv 1200
Bear bias on another shite “chop/range” day

hm
$NYA -0,15% and $nydnv:$nyupv is 1.94
it's high, 2 days ago it was $NYA +0,5% and ratio about 2.00
USD/CAD 4h timeframe, inverted hammer and probably an hammer, i'd watch if this hammer is going to fail or not to know where sp will move

thanks shaca, it's hard to argue a 2:1 ratio
what is "hm" ?
where u been ?

[Out of Bounds]

Would it kill u 2 say a few more words on the snoghomer
Shouldn’t it be way up there to confirm UP, like any decent momo-ish indicator
How do u read it?
It’s way down there, so neg diverg, grizz, yes or no?

Snog levels are not that important. It's the direction. A turn means the move is out of steam and reversing or about to reverse.
Levels are only important over long market runs to let you know that we may be getting extreme (think Bollinger Bands expanding too far).
It isn't 100% correct but it is reliable. Best though is its ability to give a signal in advance.

Thanks boss
btw please keep alerting us to the snoggie “signal in advance”

I'll be happy to. I didn't think anyone else was watching it

[TWT]

$SPX: (Alt count) With one more lower low the wave (A) would be already in place

[BullBear52x]

Anyone have any thoughts on SOXS here?? looking tasty....

I am trading SMH buy the dip on my watch, same as SOXL

[Al_Dente]

red bear ratios turned back up bear
(they usually turn a few seconds/minutes BEFORE price )
nydec went to 1700
still “chop”
bla bla

[Cobra]

targets on either up or down side, I'm neutral.

[TraderGirl]

SMH...

[deeko]

is this market setting up for a late day rally? deems like it really wants to push higher.

[TWT]

$NDX: Bears need the Double Top

[BullBear52x]

first intraday sell today.

[Harapa]

VIXies Update:
VIXies continue to favor long equities.

Last update of the week. See you next week. Enjoy the weekend.

[Al_Dente]

Chop
n. like chopped liver
aka Oy