02/01/2013 Live Update

[uempel]

Denali92, this system has been reliable for reversals. I have not tested it further back than a year or two. I tend to have a positive bias unless it breaks the lower BB..

66.png

nice chart uempel... You should post it regularly in the next week or two...could see a ST top very soon...

I promise

[Mr. BachNut]

Someone may have posted this NAAIM survey already.

http://www.naaim.org/news/naaim-survey- ... sentiment/

In any case, at 104%, the average asset manager is now in a leveraged long position.
The most Bearish manager is 60% long, apparently a record.

I think just about everyone is back in the pool...

It's like those nature shows on TV. The great herd of wildebeest has gone into migration.
Eventually, they reach the crocodile infested river. Some do not make it across...

[TraderJoe]

Someone may have posted this NAAIM survey already.

http://www.naaim.org/news/naaim-survey- ... sentiment/

In any case, at 104%, the average asset manager is now in a leveraged long position.
The most Bearish manager is 60% long, apparently a record.

I think just about everyone is back in the pool...

It's like those nature shows on TV. The great herd of wildebeest has gone into migration.
Eventually, they reach the crocodile infested river. Some do not make it across...

VERY WELL PUT

[Darkmatter]

Bit o'resistance.

[gappy]

ab.png

Absolute Breadth Index: Developed by Norman Fosback, the ABI is equal to the absolute value of the difference between the advancing issues and the declining issues. It shows how much activity and volatility is taking place on the New York Stock Exchange while totally ignoring the price direction http://www.youtube.com/watch?v=r01rjeTAwf8

[skittlesmds]

Cobra, Do you think Crude or Brent Crude prices continuing to go up could do anything to this rally? Looks like bang, Pow, straight to the moon, Alice! (for equity prices)

[Tabby]

I'm ranning out of waves for $RUT.

[skittlesmds]

I'm ranning out of waves for $RUT.

I feel you Tabby. I'm running out of disbelief of this rally. I guess I should get "religion" in this rally.

[ClarkW]

Tom DeMark on CNBC speaking positively on AAPL

[TraderJoe]

BofA: 'SELL-SIGNAL TRIGGERED'

http://www.businessinsider.com/bofa-sel ... red-2013-2

[TraderGirl]

Tom DeMark on CNBC speaking positively on AAPL

Says we get an island reversal up on Monday....

[TWT]

$SPX: Maybe now bulls are walking on thin air

[TraderGirl]

Here is another chart...so overbought...think about the margin calls if we head down...

Edit: btw, anything over 100% means managers are levered...

[kenttown]

Tom DeMark on CNBC speaking positively on AAPL

Did they ask him about his SPX 1492 top?

[uempel]

This chart suggests some kind of top at 1525 in 3rd week of February...

[ClarkW]

Tom DeMark on CNBC speaking positively on AAPL

Did they ask him about his SPX 1492 top?

They did, he acknowledges it's extended beyond that but thinks it could top soon. Also said "Shanghai about to issue a sell signal"

[Tabby]

I'm ranning out of waves for $RUT.

I feel you Tabby. I'm running out of disbelief of this rally. I guess I should get "religion" in this rally.

I'm speechless. Imagine if they rebalance $RUT by the end of June, it goes up to 1250 by the end of the year.

Just look at CNBKA. It is one the component of RUT. Look at the price action and volume in past 5 days.

[uempel]

Tom DeMark on CNBC speaking positively on AAPL

Says we get an island reversal up on Monday....

If Demark were really good he'd be trading his own/client money. I don't like those narcissistic guys courting the media, most of em are snake oil vendors..

[MrMiyagi]

Ah hell, we all know it's never going down again...
I said SPX 1500!! Here you have it.
I said SPX 1600!! Give it a week or two.

[johnnywa]

Denali92, this system has been reliable for reversals. I have not tested it further back than a year or two. I tend to have a positive bias unless it breaks the lower BB..

66.png

Intersting,new moon Sunday 10th
nice chart uempel... You should post it regularly in the next week or two...could see a ST top very soon...

TG,astros looking at top on 4th,then down into 7-8 th

That was my original thinking, but there is a Venus trine Jupiter on the 7th...so if we see a small trough on the 4th, my inclination is that we could head up into the 7th...

Intersting New Moon Sunday 10th