10/02/2012 Live Update

[uempel]

Guys, I believe that 1448ish is the Rubicon. I'm not going to long unless SPX breaks that level.

[KeiZai]

Hay, anybody here still awake? short? and waiting? Thanks to Keizai yesterday for Bulkowski's widening tops and bottoms recipe. Perfect day for attempting his 'easy calculation for PhD in math degree that should take only a few hours'. IF /YM(DOW futures) breaks below the wedge, then target = 13181. Which does not work very well on Fib Fan lowerlow. oh well.
Switched the tick chart to time for better picture; You may ignore STO and ERG trendlines- work best on ticks. MarketForecast does and futs MAY eventually?!? make a wolfwave #4. dunno.
Did same for /GC if breaks below widening top wedge Target = 1728ish - hardly worth the time to calculate. Actually, I Thunk that it is somewhat debatable even if the top formations on Gold/silver are wedgies because the breakouts either direction are going to be Waayy up or down there. Keizei

YM wideBottmWdgeCobra.png

GCwideWedgTopCobra.png

Wow thanks great charts, yes the fun is that breakout should occur in both directions failure in strong uptrend is too high (and G a S I think they are, Dow S/I uptrend is questionable so this one can play out easily) thanks

[Al_Dente]

Very good BB52X Tick Tick sell setup but time is short

VIXIS scalp buy ON, but again time is short

i have agree boss

[Petsamo]

3 red candlesticks in a row, I wonder if we get a third surprise gap up

[Harapa]

Very good BB52X Tick Tick sell setup but time is short

VIXIS scalp buy ON, but again time is short

i have agree boss

How is EMA89 looking, this time it may be real since VXX/XIV are already in buy, unlike this morning.

[Cobra]

well, guess that's it for today. I need dig a little more for tomorrow which for now is bullish biased. thank you guys, I'll see you tomorrow.

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

[TraderJoe]

Well TraderGirl, right or wrong, I went with your charts and just bought some puts for tomorrow..

I think you are correct a LOT more than not..

Thanks again for your SUPER charts and TA...

[uempel]

ES difficult to trade at the moment, bye guys!

[Al_Dente]

Very good BB52X Tick Tick sell setup but time is short

VIXIS scalp buy ON, but again time is short

i have agree boss

How is EMA89 looking, this time it may be real since VXX/XIV are already in buy, unlike this morning.

I’m not using 89 anymore, since yr latest stats said 13/43 = better
5min 13/43 = all crossed to long
That can change tomorrow
Daily (a bit longer term) still bull since early june using 39ema

[TraderGirl]

Well TraderGirl, right or wrong, I went with your charts and just bought some puts for tomorrow..

I think you are correct a LOT more than not..

Thanks again for your SUPER charts and TA...

Thanks, I hope the charts are correct, now that i know you've traded off of it!!

If we don't get a wave 5 down this week, then there are possibilities for another high next week...?? I hope we get that move down, or the picture becomes less bearish...

[MrMiyagi]

See you all tomorrow. Crazy days....

[TradingJackal]

Hi ClarkeW,

Re: DDD from viewtopic.php?f=2&t=677&p=95883#p95883

We hit and bounced from the 161.8 fib!! I am attaching another chart that shows the relationship with this bottom and the 3 of higher degree. ABC move up is next. Since this puppy likes fibs a lot, the traditional retrace would be 38.2 or 61.8 of this downmove. I like 38.2 in this case at around 37.30 or so (again eyeballing) as it also touches the midline of the weekly bb (14,2)

[fehro]

back to blue trend line? lower one. still in a triangle of sorts.