10/10/2013 Live Update

[Cobra]

members only update at 3:41 pm
http://www.cobrasmarketview.com/2013/10 ... ay-update/

[Junior Buffett]

target met, this bull shall still have legs.

what you call lower high? i.e. how many points/percentage difference from recent high?

If S&P last high was 1725 then can you call 1700 has reasonable low high, if S & P starts falling from there?

Thank you

there's no strict rule, so in theory 1700 can be the lower high.

However, I'd prefer to see 1720 something and the rebound last for a few days, otherwise the rebound can be seen as the rebound before bear's 2nd leg down. I mean it'd be ambiguous, not a easy call.

If SPY takes a week or two to 1700, then sharp sell off, it can be a lower high, no doubt.

So in short, it all depend on how chart looks like.

Thank you Cobra!!

[Cobra]

so far looks like a bull flag, so hopefully another push up before close.

[stlwater]

Mommy?

[gappy]

bw.png

White bar overnight gaps = banksters/PPT. Black bars = "smart money". Sooner or later the Ponzi will run out of "hype manipulation" ideas and real inflation "suppressed statistics". They have created so much interest on debt now it will never be paid down before a derivative bubble pops somewhere. This move today only gets em back to that spx1690 resistance level. QE diminishing returns grows stronger expotentially, just hope Yellen has the integrity Bernanke doesn't to ease the burden for our youth's future. Just my intuition.

[seemore]

Mommy?

She's hunting gold miners now. Back later.

[MrMiyagi]

Boehner and Obama meet in 45 minutes to crush this rally for tomorrow.

[Cobra]

well, guess that's it for today. Bears' hope is VIX down sharply before the close. the current down is not enough. I'll explain why to members if indeed. Friday tomorrow is a little bit bear friendly (while Thursday today mostly is bull friendly). thank you guys, I'll see you tomorrow.

before the close, please take a little time to vote for me, thanks. http://stockcharts.com/public/1684859/tenpp

[gappy]

Boehner and Obama meet in 45 minutes to crush this rally for tomorrow.

Bonnie and Clyde.

[Junior Buffett]

Mommy?

[TWT]

$SPX: Not an impulsive advance but a new ATH is probable

[TWT]

$SPX: Expanded Ending Diagonal ?

[TWT]

$EURUSD: Potential H&S #eur #elliottwave

[TWT]

$EUO: Potential s/t bullish setup #euo #eur #uup #elliottwave