10/05/2013 Weekend Update

[Cobra]

No Fed government, so COT this week is not updated therefore the Smart Money shows no changes.

[Cobra]

Institutional buying and selling action chart from stocktiming doesn't tell anything useful, the divergence is not large, so cannot say institutional selling is weakened enough.

[Cobra]

AAII and II. II is a little too bullish but not extreme. Nobody think gov shutdown really matters.

[Cobra]

Summary of the week's stock picks. Great week. Also means the broad market internal is strong, nobody cares shutdown
viewtopic.php?f=10&t=1074&p=143802#p143802

[Cobra]

Preview of the next week's stock picks.
viewtopic.php?f=10&t=1081&p=143807#p143807

[DellGriffith]

Another boring update from me. My composite signal is still bullish and will not change this upcoming week. My position I took a few weeks ago is profitable and happy.

[Carlos]

Take a look at this site: I agree with the Elliott wave count there. Its the same count I have. : UP to new high 1750's Then a big drop to 1520's

http://www.thewavetrading.com/...

[Out of Bounds]

Snog is flattening - looks like the inflexion point was on OCT 01. Inflection point is unimportant because snog can vary slope several times within an oscillation, but the continued decrease in the slope leads me to believe the move is close to being over.

My guess is that a big move up is coming.

[daytradingES]

Thursday, while working at the coffee shop, a fellow patron after asking what I did, said
"I'm surprised you don't have a lucky charm."

I thought about this, and thought (I'm surprised too) and dug out my silver dollar to put in my jeans pocket for Friday.
(I don't really know what to have for a lucky charm - I guess it will do?)

This morning, Saturday, I hefted the coin -solid safe re-assuring.

The weight in my hand seemed to summarize the change in the world.
When that coin was distributed a silver dollar coin was a dollar - you could ask for it at the bank - your grandfathers and grandmothers would give them as birthday gifts.

Beautiful, with a lustrous shine it was something worth having.
-felt wonderful in the hand of a child.

In 1967 Canada stopped making silver coins (the dollar, 50 cent piece, the quarter and dime -- all silver). Hunt brothers had pushed the price up and Americans were buying and melting the coins. Sadly and irritreviably the world enter inflation and the govt never went back to silver even when inflation ended.

(A silver $5 piece weighing a troy ounce can be purchased at the post office for about $30)

I imagine a one dollar silver coin would have to be about 1/30 of an ounce - very embarrassing for the govt to issue - a graphic reminder of their epic mismanagement of the economy.

Times gone by
lost era of solidness, professionalism and pride in a doing your job well.

A great crash is coming- say my bones and the weight of the silver dollar in my palm.

As the great bankster's thief - bad Ben strolls chuckling into the sunset rubbing his hands with glee at the horrendous damage he has done - robbing the nation's treasury to enrich his cronies at Goldman Sucks and JP money..
17 trillion

$17,000,000,000,000.00 !!!!!!!!!!!!!!!!!!!!

of debt.

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I'm the first to admit the chart attached is green - but Noah didn't wait for rain before building his ark (buying puts).

[Royal Flush]

Note the repeditive patterns formed (blue elipses) when the market is pumped into the close forming a DT. Then SPY gaps down ON and/or falls the next day with the exception of the red elipse. I checked and found that these EOD ramps were not to be found in the prior 2 market corrections of a month or so duration. Unfortunately stockcharts.com does not allow me to check back further with a small enough TF that EOD ramps are discernable. I conclude that this is a new phenomena that may or may not be present at the end of bull markets.

[BullBear52x]

Debt Ceiling? why we go into it the first place, lets not point fingers here, bottom line USA is in debt.
Need new debt to pay for old debt? Ponzi come to mind
Government shut down tourist sites and complain we could lose more money because those places produce cash positive = bad government in business term.

National debt is national blessing ? when will it end ? just a question, I have no answer to it.

[BullBear52x]

Big picture, fib support and resistance. no resistance really in a big picture but all time high.

[BullBear52x]

My mid to long term setup will sell the rip ( when RSI >70)

[TWT]

$USO: The sideways move should open the door to another up leg

[TWT]

$UUP: Short-term bullish setup

[TWT]

$EURUSD: Big picture scenario

[TWT]

$GLD: From Oct 1 lod I expect a ZZ with target at the 50dma

[TWT]

SPX Short-Term EWP:

In my opinion from the September 19 high price has unfolded a Triple Zig Zag.

The recovery above both the 200 ma and the 50 ma is turning the 60 min chart positive, increasing the odds that the corrective pattern form the September 19 high has been concluded.

In order to enhance the probable bottom, bulls need a higher low and must close the gap at 1695. Therefore next Monday I will be watching if the 200 ma, which stands at 1685 is not breached by eod.

60 min momentum is also suggesting a potential bottom:

• Positive divergence of the RSI

• MACD has a bullish cross (Next week it has to reclaim the zero line)

From last Thursday´s lod in my opinion price has unfolded a Double Zig Zag (It can belong to the infancy stages of the large Zig Zag of the assumed wave (V) of the Ending Diagonal scenario)

If the DZZ is done there is potential H&S with a target at 1684.50, which almost coincides with the 0.382 retracement.

In this area I will have a bias to go long with a stop below the 50 dma.

Obviously if the low is in we need to see a breadth thrust, hence the McClellan Oscillator has to move above the zero line and the short-term moving averages bearish cross has to be cancelled.

[stlwater]

Debt Ceiling? why we go into it the first place, lets not point fingers here, bottom line USA is in debt.
Need new debt to pay for old debt? Ponzi come to mind
Government shut down tourist sites and complain we could lose more money because those places produce cash positive = bad government in business term.

National debt is national blessing ? when will it end ? just a question, I have no answer to it.

''

Fingers deserve to be pointed. Maybe not on this board (rules) but fingers better start getting pointed soon.

[Solar]