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Re: 10/08/2018 Live Update

PostPosted: Mon Oct 08, 2018 11:11 am
by BullBear52x
Too early to quit, I will buy again somewhere here at lower wedge. buy day for me soooooo..... one more buy.

Re: 10/08/2018 Live Update

PostPosted: Mon Oct 08, 2018 11:27 am
by Cobra
assume range low is the day low or the Friday's low, so pullback not over yet.

Re: 10/08/2018 Live Update

PostPosted: Mon Oct 08, 2018 11:35 am
by Daniel
GLD down 1.5%, SLV -2.5%
TLT sluggish as expected, but nonetheless hitting a fresh lod.
UUP up a bit, but flat since the open.

So-called "havens" are not drawing capital.

Re: 10/08/2018 Live Update

PostPosted: Mon Oct 08, 2018 11:36 am
by Daniel
Cobra wrote:assume range low is the day low or the Friday's low, so pullback not over yet.

QQQ has undercut both.

Re: 10/08/2018 Live Update

PostPosted: Mon Oct 08, 2018 11:38 am
by brokebybernacke2
ST bulls just waiting for "china relations are great" or Powell to simmer down....

Re: 10/08/2018 Live Update

PostPosted: Mon Oct 08, 2018 11:39 am
by BullBear52x
gave back 3 handles, I call it a quit.

CCI is too low for my taste to short the market over night. GL

Re: 10/08/2018 Live Update

PostPosted: Mon Oct 08, 2018 11:42 am
by Al_Dente
EXCELLENT long-term sector chart from Callum Thomas
“This chart makes me feel queasy ...”
https://pbs.twimg.com/media/Do2RFrvXsAAdrVM.jpg

Re: 10/08/2018 Live Update

PostPosted: Mon Oct 08, 2018 11:43 am
by Cobra
testing Friday low, looks like a rebound here first.

Re: 10/08/2018 Live Update

PostPosted: Mon Oct 08, 2018 11:46 am
by Daniel
ASHR (CSI 300 A-shares) is a broad-based but more volatile China ETF. It is trading sluggishly, acting mainly as a sentiment indicator (absent China-related news), as mentioned earlier. But nonetheless it is testing its opening LOD. This is confirmatory of US weakness.

Re: 10/08/2018 Live Update

PostPosted: Mon Oct 08, 2018 11:46 am
by Al_Dente
VIX is up +22%

Re: 10/08/2018 Live Update

PostPosted: Mon Oct 08, 2018 11:50 am
by Daniel
And now kaboom! VIX over 18!

Re: 10/08/2018 Live Update

PostPosted: Mon Oct 08, 2018 11:55 am
by Al_Dente
If we closed right here (IF, IF)
There would be "THREE BLACK CROWS" all over the place
http://thepatternsite.com/ThreeBlackCrows.html

Re: 10/08/2018 Live Update

PostPosted: Mon Oct 08, 2018 12:02 pm
by Al_Dente
THREE BLACK CROWS on the daily don't count until the close

108three crows.png.png

Re: 10/08/2018 Live Update

PostPosted: Mon Oct 08, 2018 12:09 pm
by Cobra
so far looks like a bear flag, not good.

Re: 10/08/2018 Live Update

PostPosted: Mon Oct 08, 2018 12:09 pm
by Al_Dente
BIG TECH
15 min
LOWER LOWS
108tech ll.png.png

Re: 10/08/2018 Live Update

PostPosted: Mon Oct 08, 2018 12:21 pm
by Cobra

PostPosted: Mon Oct 08, 2018 12:53 pm
by MrMiyagi
!!! NEVER EVER NEVER GOING UP AGAIN! NEVER!! EVER !!!

Re: 10/08/2018 Live Update

PostPosted: Mon Oct 08, 2018 12:56 pm
by QED
MrMiyagi, will we ever go up again?

Re: 10/08/2018 Live Update

PostPosted: Mon Oct 08, 2018 1:01 pm
by Al_Dente

Re:

PostPosted: Mon Oct 08, 2018 1:09 pm
by Daniel
MrMiyagi wrote:!!! NEVER EVER NEVER GOING UP AGAIN! NEVER!! EVER !!!

By this he means that SPY is down about 2-3% from an ATH.
(Luckily for him he doesn't have to pay for the bandwidth) ..:P