09/27/2012 Live Update

[Nrsimha]

Scout's honor, I was going to post this last night or maybe early this morning (already too late):

Headline Sign of Bottom in the Oil Price:

[wayne0708]

fib 61.8% and previous low as resistance and RSP is lagging. maybe we'll see a consolidation or pullback here on a longer time frame.

Cobra:
Is today window-dressing?

I don't believe Window Dressing.

Today's rebound was expected, sooner or later, we all know.

I see...but there was no positive divergence, correct?

[BullBear52x]

Island reversal (Bullish) SMH, EDC, and EEM. for tomorrow if market decided to go to the infinity and beyond, now that the Spain will take stimulus.

[Nrsimha]

Island reversal (Bullish) SMH, EDC, and EEM. for tomorrow if market decided to go to the infinity and beyond, now that the Spain will take stimulus.

Yep.



Also, to add the bullishness theme, some of my favorite stocks have today printed candlestick pattern known as
"Kicking".

http://www.candlesticker.com/Cs38.asp

[uempel]

This system is still comfortably in sell mode. Note how "fast mometum" has not turned up (fast momentum tends to give signals prior to slow mom). If SPX does not manage to break through the 60 min/30 MA soon this ain't a bullish move...

67.png

Nice chart uempel...

Thank you TraderLady. System works quite well in volatile markets, in trending markets signals are less reliable...

[Nrsimha]

A final blast through 145 ??? (SPY)

Come on ...... Baby needs new SHOES !!!


(Somebody go get Cobra and get him to start chanting Ole, ole .... )

[BullBear52x]

AAPL is not out of the woods just yet.

[KeiZai]

Thanks all for another great day, keeping my shorts (63.40 TNA) as i don´t see anything uber-bullish here...see ya

[uempel]

Last chart - so far bulls didn't manage to break to the upside

[BullBear52x]

Thanks all for another great day, keeping my shorts (63.40 TNA) as i don´t see anything uber-bullish here...see ya

There's too many reason not to be bullish just yet TA wise, GL2U, I am shorting on all 4 indices per swing model.

[Cobra]

well, goes as I said, you know the target.

[Nrsimha]

Last chart - so far bulls didn't manage to break to the upside

68.png

Formidable resistance !!

[Cobra]

too late. I think maybe I should measure the target like this.

[noob]

well, goes as I said, you know the target.

Bigger picture can we see this as 1450 test failure therefore down from now on?

[wayne0708]

61.8% fib

[uempel]

DAX futures are weakening into the US close. I don't believe tomorrow will be gap-up in Europe or the US, presumably sideways

[Cobra]

well, I guess that's it for today, need dig a little bit before calling tomorrow.

Today's trading signals report will be a little late, say, post around 6:30pm ET something.

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

Thank you guys, I'll see you tomorrow.

[uempel]

Bye guys

[BullBear52x]

Thanks Cobra and everyone, GLTA

TA note: Trend down to continue per my 5dma, intraday TRIN is still bullish but pricing is weakening toward bear side now.

[Nrsimha]

Unless we gap up tomorrow on some 'miracle news'.



BTW, any new P-bars during last coupla hours?