The IWM sliced right through the bulk of its October 6th gap in a very impressive show of strength on Wednesday. Nevertheless, the resistance should be strongest near the top of the gap at 62.03. That’s only 23 cents away from where the IWM closed on Wednesday, and it would be very unusual for it to just sail right through the gap without a struggle. The market should stall, at least for a bit, in this area. But who knows? This is the least logical rally in history.
Matt Trivisonno's Blog
It's the Sovereignty Stupid!
-
-
Recent Posts
- Adelson Ditches Gingrich
- Top Investing Websites – Update #4
- TradeNagger – My Latest App
- Gingrich/Alinsky Riddle Solved
- Iran Cannot Close the Straight of Hormuz, Unless…
- Assimilating China
- Indonesia Doesn’t Have Enough People?
- American Gulag
- Jon Stewart Enters the Matrix
- Food-Stamp Growth by President
Pages
- About
- Call of Fame
- Dow Theory – Ignore It
- Food Stamps Charts
- Fractal Dimension Index
- Fractal Stock Grapher
- How to Post Code in Comments
- How to Post Links in Comments
- Immigration Charts
- Offshoring
- One Way Pockets
- Patterns
- Rank-O-Matic
- Read the Stock Market Classics
- SEO
- Technical Analysis of Stock Trends
- Top Websites by Alexa Rank
- TradeNagger
- Trading Strategies
- Why Chart Patterns Still Work
- Withholding Taxes Chart
Blogroll
Archives
- February 2012
- January 2012
- December 2011
- November 2011
- October 2011
- September 2011
- August 2011
- July 2011
- June 2011
- May 2011
- April 2011
- March 2011
- February 2011
- January 2011
- December 2010
- November 2010
- October 2010
- September 2010
- August 2010
- July 2010
- June 2010
- May 2010
- April 2010
- March 2010
- February 2010
- January 2010
- December 2009
- November 2009
- October 2009
- September 2009
- August 2009
- July 2009
- June 2009
- May 2009
- April 2009
- March 2009
- February 2009
- January 2009
- December 2008
- November 2008
- October 2008
- September 2008
- August 2008
- July 2008
- June 2008
- May 2008
- April 2008
- March 2008
Categories
Recent Comments
- admin on American Gulag
- binarylyfe on American Gulag
- admin on Jon Stewart Enters the Matrix
- admin on Jon Stewart Enters the Matrix
- Steve on Jon Stewart Enters the Matrix
-
Meta
-
Copyright © 2012 - Matt Trivisonno - All Rights Reserved
Entries (RSS)
and Comments (RSS).
I’m keeping an eye on SRS here…
i give up. one bad trade and I am in make up losses mood. (loss wasnt too big but my mentality is bad. I even want to get gld now and i know it’s too high
GEORGE…maybe UYG can hit 7 bucks today
ICE is playing nice but BBT hasn’t yet.
phil,
You may have something there. The market sure is strong.
Maybe that last move was running the shorts out. Now for the other side.
GEORGE….i am looking for any downside to add to longs
Well, if that was capitulation, it wasn’t very impressive. So it has to be a short squeeze.
BBT 15min at 36MA support. I was hoping it would get to $30 today. Maybe later.
George: Did you buy SRS yet?
That SPY high today at 108.06 filled that itty-bitty gap at the upside. I don’t know if that means it continues up but it has backed off from there.
GEORGE ..i am going to sell some UYG into the next surge
Jim,
No SRS yet.
BBT has at least one more surge left in it
george…think SRS will get back to the $ 295 high?
Jim,
SRS could certainly be scalped on the 1 and 5min. What I’m doing with it is using a 9/36/15 MA crossover. I’m doing that because I don’t have enough time to scalp it with all the others I’m watching.
At its low price, there will be a lot of buyers when the time comes.
phil,
Gosh, I don’t know where these things are going. But with all the extremes we’re going to probably encounter, I wouldn’t count the $200′s out for any of these high-flyers.
We can only hope.
http://2.bp.blogspot.com/_TwUS3GyHKsQ/SrGMCmgcidI/AAAAAAAAB18/sfD25B4JZeM/s1600-h/uup.png
above as i suggested yesterday…….dollar low imminent
GEORGE ….there could be a violent downside correction soon for stocks once the dollar turns….
MITCH…..TLT 96.82 is my sell point…i have abandoned hope for 98
phil:
I just got out of TLT at 96.08. Also out of one of my specs.
phil,
Since you sent that link, I got me a UUP screen.
Well Jim, now you got me scalping SRS. Ha, low price is irresistable.
This is the 10th day in a row of higher highs for SPY. Dirty dozen coming up?
The S&P has made higher highs for 10 days in a row. Anyone know what the record is?
Soon I’ll fill all of my screens with inverse.
Which reminds me, the heat from my monitors killed a plant I had on the desk. Also melted my M&Ms.
BBT surge and uyg coming…i am selling into it
Jim, I don’t but it made about 14 a few weeks ago.
phil,
I may sell my BBT also when price hits 5min 36MA unless it dumps me earlier.
Nearing tops /bottoms.
BBT dumped me for a .10c scalp. Good enough for 2 dinners at McCormick and Schmick.
Peanut M&Ms, right George?
String
sold uyg
Stringm,
You got that right! Backup peanuts more important than backing up PC.
Let’s get some inverse.
George
The inverse seems logical at this point, but geez logic doesn’t seem to work with this market.
String
I have decided to pull a dressguard.
Taking a break from real trading at this very crucial breaking point (it’s near and I know it)
sold off all positions gonna paper trade again
K…….now that you have thrown in the towel i will have to go SHORT
wow look at that reaction after K decides to pull the plug.
i’ll wait till I put the plug back on
K,
I submit… GOOD CALL… so far.
Jim, tks for getting me into SRS. Cash Cow = MOOooo
We’ll see if short-covering is alive and well here.
well if K is back in phil aint shorting so he’ll cover. hmm what do I want to do?
tick is certainly not healthy
K…i was just going to post that 1078 is wave c=.618 wave a….and a sharp correction could be seen….this may be it…..i still favor 1123 where wave c=a
well you just wanted me out thats all
))))))))))))))))))))))))
I did get SRS oct 9 calls dirt cheap though.
I will no longer yell out my trades cause someone here is playing against me. had to cover.
SPY 15min nearing its 36MA support.
K,
We want more secret charts!
SPY is dead and so is tick
so what this market needed is the last bear (K) to throw in the towel?
fkin sweet!
George,
you love how that secret chart is working so far huh?
YIKES the most congested area i’ve seen to date
ok so here are some supports for SPX (note these are not the Pivots i roll out sometimes)
1065 (it’s near here right now and maybe breaking)
1059
1054
1047
1041
1034
UUP just poked above its downchannel of the last 2.5 days. Candle not yet closed.
BOUGHT…….SSO
phil:
That should be interesting.
mitch…what?
phil:
The SSO play.
mitch…either the correction is already over and we will reach 1078 or it is only the a wave dow of abc correction……still looking for 1123 SPX
DOWN…..not dow
junglegirl…did you see my posts from yest and 10:52 today?
Lowest TICK of the day.
1059.61 is next for spx after is closes below 1065 for this hour
phil,
I did see the chart you posted today. Which post(s) from yesterday?
To the board, my comment about hank’s statement long ago about conceding at 1500… for clarification, I don’t believe we are going there. I was just thinking about his sentiment during a bear rally when he was holding shorts. Didn’t want to inadvertently confuse anyone.
remember
K Says:
September 17th, 2009 at 9:11 am
1059 in futures is crucial.
Well 1057 got hit and now bounced back to 1059 in /ES futures…
1057 cannot be broken or else well… let’s just leave it at that
1063 will be major resistance for futures now though so yeah… Wall above.. thin cardboard floor below
phil Says:
September 16th, 2009 at 4:27 pm
junglegirl………..daily UUP candle looks like a hammer…plus heavy bearish sentiment on dollar .. DSI 4% bulls.. means we are probably close to a dollar turn but not there yet….situation looks similar to march low in stocks
phil Says:
September 16th, 2009 at 4:37 pm
junglegirl…..my schwab uup daily shows a hammer but a dollar dec future shows red candle closing at lows….rest of my post is ok
JUNGLEGIRL>>>>>from yest
Maybe the inverse can overcome the Humpty-Dumbty syndrome and get past the 15min 36MA and hold.
Thanks phil.
futures took out some stops and now don’t know which way to go (Spinning top anyone? )
Three Amigos buy signal on inverse and UUP as we were breaking up out of the UUP channel. Now we are at 9/36/15 kiss on the UUP, and SPX looks about ready for a 9/36/15 cross to the downside. We shall see.
SPX 60 min Three Amigas Sell Signal.
JG it’s time for $ to go UUP!!!!!!!!
K, here here my friend. Let’s see if this one sticks for a bit.
MITCH…..i want to sell my TLT into the next surge
http://www.iaconoresearch.com/BlogImages/09-09-17_recession.jpg
Haha had a huge laugh sorry
Inverse, like SRS, doing a backtest on that 15min crossover. Should go up from here.
Should say, should go up after the test.
SOLD ……TLT @ 96.59……close enough
Looking for any reference to your “box” fib analysis. How did you determine SP500 = 1014 is the bottom for your box of bulls I saw this was derived from a box of march, although it still does not tell me how you got to this number? THe bottom is 666 or 667 in march?
Thanks…
does that mean you think we got further down to go phil?
K…..no .. i think we rally so i want out of tlt
K…remember the big picture…….new lows in tlt…..new highs in spx above 1600
George,
looks like SRS didnt really want to bounce huh?
K,
SRS isn’t through yet. One more candle down and it will be a bad test.
K Says:
September 17th, 2009 at 1:11 pm
1063 will be major resistance for futures now though so yeah… Wall above.. thin cardboard floor below
it’s hanging on the ceiling like spiderman. (1063 at the moment)
SPY got a 15min stochastic upturn that’s leading the way. It will need to reverse course soon or my trendline above is going to be hit.
TLT hitting intraday highs.
junglegirl, thanks for the clarification, one phil is enough
upmove to gain speed as dax retested break upward out of ascending triangle twice today. Next resistance level 1125 after some haggling around 1070, unlikely switch to bearish mode ~1025.
Re least logical liquidity qe-rally from Rosenberg: “It’s about how much good news is already being discounted in the equity market, and believe it or not, there is more good news being priced in today than there was bad news being discounted back at the March lows.”
Larry, this one’s for you… http://www.zerohedge.com/article/albert-edwards-global-credit-crunch-not-receding-it-intensifying
decline and rally today both look corrective….probable wave 4 action…ie at least one more new high coming
I should have took home some BBT.
YERK……..what do you mean……one phil is enough?
he means One bull is enough
phil,
I can see how that may be true the way SPY is acting. Most likely gap up tomorrow.
Yerk Says:
September 17th, 2009 at 7:28 am
Hey phil, Kenny joined you in camp 1600.
K – did you read my last post? nothing bearish to see right so far even with a larger retracement. I’m teasing phil on the target. phil loves to be teased
and as I’ve posted some days back my understanding is we currently have the situation that investment funds are flooding over traders and HFs games. Most of the info I get is biased to the latter group, eg likely to be too bearish, although that is changing. Overshoot, then collapse. See the last link above.
Crazy stuff happening like the Irish gone mad with their banks but the pendulum needs time. It will come back.
Yerk:
That Irish CB move was like an “all in” kind of move. They ring fenced their banks. Also, BCS leant a friendly unit 12b to “buy” a bunch of MBS and work it off over time. I kind of dig independent sovereign solutions.
YERK….i saw spx 1600 from kenny but i took it as sarcasm not his real opinion
Now you are discrediting your allies… I’ll join your camp above 1150 and – as I posted earlier – buy you a beer when we reach 1600. Now Matt is calling this box of beers which makes me nervous…
K http://evilspeculator.com/wp-content/uploads/2009/09/donnerbear2.jpg