03/01/2013 Live Update

[ClarkW]

SLV Daily looks interesting to me. Possible support soon with confluence of 1.618% and 1.27% of previous moves

[TraderGirl]

SLV...possible count....

[uempel]

TraderLady, I've got a signal for approx next Tuesday

[taggard]

TGirl: when does the retrograde volatility taper off?
Every time I see something, cannot even act on it before it reversess
thx in advance

Mercury goes direct March 17th...but I think we may see lots of volatility going forward....we are going through a topping process right now...

Dudes please-look at the monthly spx going back 15 years and note the action. TG is likely right--and if you are not used to this stuff--watch for the second high. hint the top in 2000 was "longer" than the top in 2008. this implies the sell this time could be faster--but unless we go to like 1650 in the next 2 days--this is still an event on the monthly charts. if you find this current stuff weird--scale down trades in size--spend less time being sure of your position--and try to learn. the fact is "the rules" totally apply even now--it just "feels funny".

Cobra has noted this--as well as many other guys--sometimes the best trade is no trade. there is this sense that "doing something" is what makes money. Actually the money is made prior to doing something by "doing nothing while acquiring a clue. later in your life these clues will be priceless even if you miss this moment or this top.

try it this way--if you are new to all this--go pull up mavericks on goog and click on images. cool huh? now ask yourself--would i go out in that stuff? most people likely not so much. easy does learn slowly--don't let the intensity get you down. Be patient and consistent. in this market watch prior support and resistance--and daily highs and lows. eg if things are going to be intense--they will tend towards these areas.

a minor point while i am still optimistic--it's starting to look seriously bullish here and other places. yeah it's a top and they could get vertical. but just noting it.

again cpc

1.35/1.26/1.21/1.36 as we go up--at some point this won't matter--but it's interesting and it has mattered so far.

[jarbo456]

My guess SLV might go a bit lower than here, as you can see SLW is leading to the lower low intraday, SLW is normally leading the SLV ...

This actually looks like an ending wave count in SLW...lower low on pos d...so bounce is very possible here...

especially when Merriman's turns are based on reversing from a high or low...so this SLW is looking like it's reversing off of a low given that there have been 5 waves down for (C)....

Love it, TG..

My fingers ichy, only not comfortable with there is no relative low point to take as a stop for SLW if long it, I'd better wait for a reversal up and then back test with higher low or double bottom..

Precious metals are the hardest to trade at the moment...

there's a relevant relative low in SLV...so why not just trade that?

<shrugs>

[skittlesmds]

TGirl: when does the retrograde volatility taper off?
Every time I see something, cannot even act on it before it reversess
thx in advance

Mercury goes direct March 17th...but I think we may see lots of volatility going forward....we are going through a topping process right now...

Dudes please-look at the monthly spx going back 15 years and note the action. TG is likely right--and if you are not used to this stuff--watch for the second high. hint the top in 2000 was "longer" than the top in 2008. this implies the sell this time could be faster--but unless we go to like 1650 in the next 2 days--this is still an event on the monthly charts. if you find this current stuff weird--scale down trades in size--spend less time being sure of your position--and try to learn. the fact is "the rules" totally apply even now--it just "feels funny".

Cobra has noted this--as well as many other guys--sometimes the best trade is no trade. there is this sense that "doing something" is what makes money. Actually the money is made prior to doing something by "doing nothing while acquiring a clue. later in your life these clues will be priceless even if you miss this moment or this top.

try it this way--if you are new to all this--go pull up mavericks on goog and click on images. cool huh? now ask yourself--would i go out in that stuff? most people likely not so much. easy does learn slowly--don't let the intensity get you down. Be patient and consistent. in this market watch prior support and resistance--and daily highs and lows. eg if things are going to be intense--they will tend towards these areas.

a minor point while i am still optimistic--it's starting to look seriously bullish here and other places. yeah it's a top and they could get vertical. but just noting it.

again cpc

1.35/1.26/1.21/1.36 as we go up--at some point this won't matter--but it's interesting and it has mattered so far.

Good advice, Taggard. I definitely will heed your words.

[nightlyhawk]

This future prediction movement chart shows market is about to collapse soon (the idea was derived from Tom McClellan). It's interesting to see two totally different indicators show the same thing. Anyway, it's for testing, not for trading at this stage.

[fehro]

my messy 5m SPX

[joegamma]

Cognitive dissonance: The feeling of discomfort when simultaneously holding two or more conflicting cognitions.

I see price go up while my technical indicators go down.

what about when tick makes new high and price does not?
Does that equal market maker dissonance or broker profit?
thanks!

[TraderGirl]

TraderLady, I've got a signal for approx next Tuesday

a.png

You see squeeze??

[joegamma]

This future prediction movement chart shows market is about to collapse soon (the idea was derived from Tom McClellan). It's interesting to see two totally different indicators show the same thing. Anyway, it's for testing, not for trading at this stage.

Care to share I/T swing view on vixspy?
Thx

[doji]

My guess SLV might go a bit lower than here, as you can see SLW is leading to the lower low intraday, SLW is normally leading the SLV ...

there's a relevant relative low in SLV...so why not just trade that?

<shrugs>

SLV might be very close to a bounce at $27.39, but I wont' enter long until some kind of Positive Div shows, either a LL or a double bottom..

[fehro]

some new 60m lines

[Cobra]

hopefully this is the 2nd leg up now. Not sure as the pullback might have a 2nd small leg first. wait.

[Out of Bounds]

Looks like it is starting to settle down.

Capture.JPG (46.61 KiB) Viewed 4617 times

[uempel]

TraderLady, I've got a signal for approx next Tuesday

The attachment a.png is no longer available

You see squeeze??

I don't know, if there is a squeeze I'll short

Check these two lines on the Ichi Cloud: these last few years there was always a big fight when they met, but as soon as there was a winner the market followed. If red manages to break through blue it's an additional bearish signal

PS: Ichi support at 1470ish at the moment, not 1460 (my typo in the chart)

[nightlyhawk]

Swing: there is no clear signal to trade. Both black and blue pointing up give bulls slight advantage.

Medium-term: bulls should be careful because MT signals don't look healthy at all.

[TWT]

$SPX: As long as yesterdy´s hod is not breachd the DZZ is still possible

[BullBear52x]

My short term swing set up, Buy the dip is good, the next step is sell the rip.

[gappy]

My guess SLV might go a bit lower than here, as you can see SLW is leading to the lower low intraday, SLW is normally leading the SLV ...

there's a relevant relative low in SLV...so why not just trade that?

<shrugs>

SLV might be very close to a bounce at $27.39, but I wont' enter long until some kind of Positive Div shows, either a LL or a double bottom..

SLV 2013-03-01 close to a bounce.png

slvspx.png

Retracement shadows trend price/time. The inflation momentum boom to the PM,s is dead. Silvers boat will ebb and flow with SPX's tide now. When SPX turns down (sell in May and go away), so will the metals that have manufacturing value. Then I look to buy the best risk/reward bounce.