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Re: 10/04/2018 Live Update

PostPosted: Thu Oct 04, 2018 12:52 pm
by Al_Dente
Smalls daily, NOT intraday
Fibbonacci drawn from the feb low to last month’s high shows that IWM will hit 38% retracement at ROUGHLY 161 IWM. That would also be near testing 200sma support
So, 161-ish is my target. She is quite oversold now, so a bounce (short covering) may intervene

104iwm day.png.png

Re: 10/04/2018 Live Update

PostPosted: Thu Oct 04, 2018 12:52 pm
by BullBear52x
Rip will be sold, one more coupon before the lady shows up

Re: 10/04/2018 Live Update

PostPosted: Thu Oct 04, 2018 12:54 pm
by Cobra
the rebound should fail again.

Re: 10/04/2018 Live Update

PostPosted: Thu Oct 04, 2018 1:19 pm
by Al_Dente
Al_Dente wrote:VIX is up about 23% :shock:

now up +33%

Re: 10/04/2018 Live Update

PostPosted: Thu Oct 04, 2018 1:28 pm
by Al_Dente
It is a surprise that 4 of the dow 30 are green at the moment:
VZ, MCD, JPM, TRV
(i expected to see all red)

Re: 10/04/2018 Live Update

PostPosted: Thu Oct 04, 2018 1:31 pm
by brokebybernacke2
that's a pretty good red candle. daily lower bolly 2872 2875 50 ma breather eventual level/target and good bounce?

Re: 10/04/2018 Live Update

PostPosted: Thu Oct 04, 2018 1:52 pm
by Shaishen
Shaishen wrote:For now I see a 2 push down formation; as per Cobra we should expect a third push.. ?

http://www.cobrasmarketview.com/3-push-updown/

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Got the 3rd push down..now what? Guts to go long? Or a 4th push down? Or as we are told every morning are the prices cheap enough to attract buyers?

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PostPosted: Thu Oct 04, 2018 1:57 pm
by MrMiyagi
AMZN having a bad day, did everyone stop shopping?

Re: 10/04/2018 Live Update

PostPosted: Thu Oct 04, 2018 2:06 pm
by Al_Dente
“it’s all about the selloff in bonds”
(yield spike)
[blmbrg]

Re:

PostPosted: Thu Oct 04, 2018 2:11 pm
by Trades with cats
MrMiyagi wrote:AMZN having a bad day, did everyone stop shopping?

Jeff had to stop buying until earnings come out. Note that he is cutting the number of shares they have to repurchase by not handing out to the rank and file any more.

Re:

PostPosted: Thu Oct 04, 2018 2:12 pm
by brokebybernacke2
MrMiyagi wrote:AMZN having a bad day, did everyone stop shopping?


maybe a case of stock price actually reflecting current and forward earnings?? :lol: quite elevated..

https://www.nasdaq.com/symbol/amzn/pe-ratio

Re: 10/04/2018 Live Update

PostPosted: Thu Oct 04, 2018 2:18 pm
by Trades with cats
ES 2891 is so far meeting the double bottom test. More importantly article up on Zero Hedge from Norman Securities saying "Finally, and going back to the lack of CTA selling, the Nomura strategist notes that the bank's CTA model in SPX futs has been “100% Max Long” although today we see sell pressure under 2939 to get down to “96% Long” as the 2m window flips. Which means that anyone wonder when the equity selloff will really kick in, "we’d expect more selling under 2892 to get to just “58% Long” as the 1m window would flip.""

So yea, if correct our toes are on the edge of the January canyon. Ties in nicely with Coolbizone's Elliot Wave count. Not saying it will happen, because the powers that be are more aware of this than I am, but as they showed in January while they can influence the market, they can't stop a run away train no matter how many times they show Powell in that red and blue suit. :lol:

Re: 10/04/2018 Live Update

PostPosted: Thu Oct 04, 2018 2:18 pm
by Al_Dente
stockcharts is wanky

PostPosted: Thu Oct 04, 2018 2:23 pm
by MrMiyagi
WE'RE NEVER EVER GOING UP AGAIN!!!!

Re: Re:

PostPosted: Thu Oct 04, 2018 2:24 pm
by Shaishen
brokebybernacke2 wrote:
MrMiyagi wrote:AMZN having a bad day, did everyone stop shopping?


maybe a case of stock price actually reflecting current and forward earnings?? :lol: quite elevated..

https://www.nasdaq.com/symbol/amzn/pe-ratio


Chinuh bugs infiltration in AMZN and APPL stuff maybe..?

https://www.zerohedge.com/news/2018-10- ... on-and-cia

Considering AMZN Pentagon cloud contract = a scary scenario..

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Re: 10/04/2018 Live Update

PostPosted: Thu Oct 04, 2018 2:29 pm
by QED
Al_Dente wrote:stockcharts is wanky

Do not criticize the snowflakes … they are very sensitive over there! :P

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Re: 10/04/2018 Live Update

PostPosted: Thu Oct 04, 2018 2:30 pm
by Trades with cats
Amazon cloud servers are used for a lot of University scientific research. So if Bloomberg story correct then this goes way beyond the government. Don't forget cloud services has been the rapid growth part of Amazon with those amazing 40 percent gross margins. Same thing at Microsoft. Wonder who's servers they use?

Re: 10/04/2018 Live Update

PostPosted: Thu Oct 04, 2018 2:31 pm
by tonghu
we want u back granny yellen

Re: 10/04/2018 Live Update

PostPosted: Thu Oct 04, 2018 2:31 pm
by Cobra

Re: 10/04/2018 Live Update

PostPosted: Thu Oct 04, 2018 2:33 pm
by Al_Dente
QED wrote:
Al_Dente wrote:stockcharts is wanky

Do not criticize the snowflakes … they are very sensitive over there! :P


:lol: :lol:
ELSEWHERE:
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NY declining stocks = 5.4 x advancing stocks
NY declining volume = 3.0 x advancing volume