08/10/2012 Live Update

[Cobra]

this chart now looks bullish, it's rectangle as continuation pattern.

[TradingJackal]

Sorry about crying Wolfe. The ratios did not match. The forexpro charts/tools are difficult to use but that all I can access from office. It does appear the 'C' wave is in full swing. looking for break of 1404+ to short although the slaughter of the sheep may continue well past that till the clock chimes again.

For those that missed it, here is the poem:

Cometh the happy hour
Hail the HFT power
Stops popped, the sheep rollover
Wolves rule, game over.

[Harapa]

HARAPA (FOR TEST ONLY)
here’s what it looks like when I throw all the softies on SPY (instead of iwm)
Translation top to bottom: ha, ha, ha, ha, OY
(I have no choice but to make it GIANT 4 my eyeballs, but when I do that I don’t know how to scale down the main one, spy in this case
……..blabla bye I’m exhausted)

810harapa.png

Looks good. I know you like these kind of charts. Do you know how can I get inverted plot in freestockcharts?
As to the signals, so far last buy for IWM by this system is doing nothing (+/- 0.5% since entry). I am glad I didn't act on it. I think next sell from this system will be a good short. Don't Vixies need to display dead cat bounces sometime!

[jdow]

one billion dollar buy imbalnce on the close per cbnc

[dr659]

UNCLE! Ok, Now we can(Will) head down.

[MrMiyagi]

UNCLE! Ok, Now we can(Will) head down.

In October....

[Cobra]

well, guess that's it for today. another strong Friday, unbelievable. As I said a moment ago, now the chart pattern favors bulls. maybe the market is expecting some really good news in the weekend. thank you guys, I'll see you TOMORROW.

[Mr. BachNut]

this chart now looks bullish, it's rectangle as continuation pattern.

Agree. One big rectangle all week on very light volume. Looks like width of rectangle is about 1 point. So, that's the target on a break of support/resistance. The way things work these days, it will gap there overnight. So, may play out after hours.

[Harapa]

Are we close to a bottom for VIX

[BullBear52x]

Thanks Cobra and everyone, have a good weekend.

TA NOTE: follow the FED just kidding, stay focus, power that be will float this market as long as they can.

[Al_Dente]

HARAPA
I can’t get inversions on freestk……..or at least I don’t think I can………

[TradingJackal]

Here is the Wolfe that I was initially tracking and then got distracted. The legs show 161.8 proportion.

Edit: After reviewing the literature again, it looks like in a move up, you get 1-3-5 on the upside and the 2-4 on the downside. So, technically, this counting of Wolfe wave is not correct. Oh well!

Anyway, the C wave seems to have come to fruition and although I was waiting for 1404+ (it may come on open Sunday night), the market did proceed as predicted by the waves.

[Mr. BachNut]

SPY up 6 days in a row...

[Al_Dente]

HARAPA
Why not wait for “agree” either way
Then buy/sell the STRONGEST only, either iwm juiced or qqq juiced or spy juiced
Otherwise we get “agree” then maybe get stuck long/short in the WRONG vehicle
U know what I mean? at least that's how i play

THANK YOU COBRA AND ALL BOARDIES

[knock]

paging master Jackal

[knock]

looking for gap down monday! all your 401k money belong to goldman socks!

[jdow]

HARAPA
Why not wait for “agree” either way
Then buy/sell the STRONGEST only, either iwm juiced or qqq juiced or spy juiced
Otherwise we get “agree” then maybe get stuck long/short in the WRONG vehicle
U know what I mean? at least that's how i play

THANK YOU COBRA AND ALL BOARDIES

YES - THANK YOU COBRA AND ALL BOARDIES. I'm long QQQ for monday

[TradingJackal]

paging master Jackal

Dude, I am no master. I happy if I can save my keyster.

This humble jackal lives on scraps. Yes, once in a while if I get to steal a choice piece of meat, I do like to pump my fist. I am here learning and sharing. I see you shared quite a bit of your work on pm with me. Please post to the rest of the board. Don't feel bad if you made a mistake (anyone trading on the advice of anyone else should see a doctor). Good luck to you.

[Al_Dente]

HARAPA ONLY re TESTING ONLY
Final post for today
Example today..... agree…… yes......all
But IWM is weakling, so can’t long iwm straight or juiced, must enter using SPYs or Qs or banks; whichever stronger.
I never could get much of a grip on QLD/QID but someone on this board (sorry, forget who) introduced me to TQQQ/SQQQ volume is ok for DT
now I am Q crazy but ONLY when she is strongest……
Does it make any sense? Are u married to IWMs?

[TradingJackal]

Friday is a strange and dangerous day to trade the stock market.

The other strange days are monday, thursday, wednesday and tuesday.