10/25/2013 Live Update

[fehro]

SPX 5m on the red line again...

[xfradnex]

This Muddy Waters guy IDs Companies with bad books.. Today NQ Mobile blew up on their word. http://www.reuters.com/article/2013/10/ ... 9R20131025. Bloomberg TV has CEO stating his case now .

[Al_Dente]

is freestockcharts.com down or is it just me?

Whaaaaaa? you don't know if you are up or down

boss why don’t you pick up Michael Jordan’s house at auction
no minimum opening bid; furnished
http://realestate.aol.com/blog/on/micha ... de=1273385

[L_T]

is freestockcharts.com down or is it just me?

Whaaaaaa? you don't know if you are up or down

boss why don’t you pick up Michael Jordan’s house at auction
no minimum opening bid; furnished
http://realestate.aol.com/blog/on/micha ... de=1273385

air jordan_png.png

I would call that very reasonably priced!

"... features nine bedrooms, 15 bathrooms and a regulation basketball court. The 7.39-acre property currently appears on the Multiple Listing Service priced at $21 million, down from last year's list price of $29 million."

Who needs 15 bathrooms???

[finman66]

is freestockcharts.com down or is it just me?

Whaaaaaa? you don't know if you are up or down

boss why don’t you pick up Michael Jordan’s house at auction
no minimum opening bid; furnished
http://realestate.aol.com/blog/on/micha ... de=1273385

air jordan_png.png

I would call that very reasonably priced!

"... features nine bedrooms, 15 bathrooms and a regulation basketball court. The 7.39-acre property currently appears on the Multiple Listing Service priced at $21 million, down from last year's list price of $29 million."

Who needs 15 bathrooms???

Apparently he has a weak bladder ???????

[stlwater]

is freestockcharts.com down or is it just me?

Whaaaaaa? you don't know if you are up or down

boss why don’t you pick up Michael Jordan’s house at auction
no minimum opening bid; furnished
http://realestate.aol.com/blog/on/micha ... de=1273385

air jordan_png.png

It looks like an out-patient clinic.

[TWT]

I am out of here Have a great weekend

[KeiZai]

Nice charts KeiZai, you this DAX chart yesterday, didn't you?

The attachment 55.png is no longer available

Thanks uempel and gappy I got one count in DAX with wave 5 in ABC (which so far fits nicely), ideal measured moves are little bit higher but is banging her head against trendline so I am not sure how/or if will get there as we talked about it yesterday neutral but ready

[TWT]

$SPX: Usually a corrective up leg is not expected to kickoff a bullish advance

dan.png

http://danericselliottwaves.blogspot.co ... report.com

Jeezes they still think we are in the contratrend wave B? And I bet they didn't change their target too = 40 SPX haha crazy guys

I would not be be laughing if the Ending Diagonal pans out !!!!

Instead I would be looking for cover

Ending diagonal could end the wave 3 the clearest market is SP100 take a look at the structure there (or in nasdaq, R2K etc) traders are too focused on SPX and DOW imo and they are still waiting for big C wave down. I am not saying it wont happen but It is very very unlikely in my opinion. Crash was and it is done. If, I mean big IF we get once 50% retrace of that leg it is an another once in a lifetime opportunity. Trend is up and it always been we are not going back to caves but civilization(and hence the market) is moving forward. It is what it is...Until we are above BO levels this market is clearly in bull market. Bigger correction (wave 4) is due tho, if I will see structure is ready for correction I will go with it u are in this business for long time too so u know that trading is about timing and cycles not about hope or big pictures. I have no bias I don't care about bull or bear counts I am here to make money long or short...price pays

Here is that SP100, ED is still intact, but ED use to often overshoot so this still could go higher into year end or so (maybe after small 3wcorrection)

The big picture

OEX-W1(pr).png

Structure of potential big wave 3

OEX-2y.png

I am ready for bear case too tho, but I don't believe this is an ABC

OEX-C(sec).png

Here is DAX monthly so far there is a big breakout nothing LT bearish here...not saying about ST

DAX-mo.png

And one that does not look so bullish, is pretty close to big target so far with weekly spinning top, we will see...French CAC

cac.png

To add why I think we are on the brink of bigger correction here is the cycle chart, after 2 years sentiment often shifts which could mean that market start to move in opposite direction. Just for fun http://i.imgur.com/9YOwU0Q.png

Nice weekend mate and everyone!

For forex traders, I would be cautious here with shorting Yen or longing euro

EURJPY.png

Have a good one

In my opinion the negative divergence of weekly RSI/MACD, Summation Index and BPI are suggesting that the aged advance from the 2009 lows could be invloved in a topping pattern. If this is the case I would not rule out at least a 0.382 - 0.5 retracement

[uempel]

Or the Icahn style peace!

I hope Tim Cook showed some chart like this to Carl Icahn...

[Cobra]

another test of high, so the bias still is up, more likely to breakout now.

[KeiZai]

In my opinion the negative divergence of weekly RSI/MACD, Summation Index and BPI are suggesting that the aged advance from the 2009 lows could be invloved in a topping pattern. If this is the case I would not rule out at least a 0.382 - 0.5 retracement

Yes then we are on same page, that's what I am looking for but not for a crash just a bigger correction (prefered 38.2 back what are BO levels (2013)


maybe something like this (nasdaq)

older

older

[Cobra]

members only update at 3:40 pm
http://www.cobrasmarketview.com/2013/10 ... ay-update/

[Cobra]

breakout as expect. Friday has been known for close very strong, looks like today is no difference.

[Cobra]

well, guess that's it for today. nothing changed, every dip was bought aggressively. thank you guys, I'll see you TONIGHT.

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

[BullBear52x]

The attachment sleep in.png is no longer available

That is cute, it's Friday it is, someone need to recharge looks like.

[Al_Dente]

happy weekend all