Im getting ready to get financing here and am wondering whether we made a bottom, or we should go down once more to a new divergent low.  Would appreciate any opinions here.

http://stockcharts.com/h-sc/ui?s=$TNX&p=D&b=5&g=0&id=p93905541255

the comp is 70 points from its 50% retracement of the entire decline.  The vix is also at the lowest point since the summer of 07.  Be careful.

ok covered for a quick 1% in less than two hours time

but looks like a good buying opportunity here on short term charts (15+30min).  picking up sso at 43.15.  15 has div, and 30 min is extremely oversold. Also market has 50% retracement from recent swing high and low on the 60 min chart.  I will be out of this this quickly on a bounce up, which odds say will happen sooner than later. 

cant remember who mentioned it the other day, but it would be nice to have an instant live chat for those who trade in and out of the market on a tick timeframe.  I found a site that has one for $20 that probably wouldnt take to long to integrate into the existing security of bpt: http://www.php121.com/

if anyone is still trading the system tradestation hs the close at 126.22 therefore a new short position today...

it seems to me the market is killing most swing/trending systems with the extreme volatility while at the same time making fortunes for systems that trade the opposite direction of an extreme move.

a follow up to the post the yesterday.  still at resistance.

on sp futures, spy, sso, etc..sp futures chart attached.

loading the boat, very low risk buying here.  for example buy sso at 44.60 with a stop at 44.25... 60 min, daily, and triangle support here..  if I am wrong and we break lower my risk is very minimal for lots of upside.

another view of the spx 60 that further notes resistance here.  a move higher would make this a wave 4 triangle with a push higher for wave 5, or this could be a wave two with 3/c down to come next week.

daily shows a backtest of the wedge I posted the other day, the hourly shows a little more movement up will hit the upper trendline of the triangle (which would be a perfect wave 2 pattern for a further decline next week).

I think that is a very accurate statement rp.  I have been an apple user and fan for over 15 years, and have always had apple products.  The biggest thing that troubles me is the latest iphone IOS (their operating system for the iphones) that was released had more bugs in it than all the other versions combined.   It made me realize not only was steve a visionary, but also an excellent Quality Assurance guy.  This also leads me to believe it will be very hard for Apple to continue operating perfectly.

many thanks for this post rp, took the short on sso and up over 1.30 so far

market seems to be in melt up mode.  eventually it will turn and take out 10 days worth of advances in one day, but the question is when will that happen.  the second chart (es Daily) shows how we could melt up to new highs before turning lower.

first test was rejected

or is this just a continuation.  its like I said yesterday I favor more upside as the market just seemed to have underlying support on each pullback the underlying question is whether this gap will form divergences on the charts or power through them.

I'm kind of disappointed in the decline so far.  I was expecting more out of such a rapid rise to greatly oversold conditions, but it looks to me like she wants to run higher.   I nailed the highs on my shorts, so its not a matter of being underwater, im going to start taking a little bit of profit here and there.  I would expect us to at least make it under Tuesdays low to complete an abc, but unless the selling picks up Im not expecting much more than that.

I love that company.  Have been doing a dividend reinvestment plan in it for years. They do a bank withdraw every month and pay me around 5% for my money.