10/02/2012 Live Update

[Jack12]

[KeiZai]

If 38.2 is all crude wrote, then that´s quite bearish for oil in intermediate terms...but one possible scenario is inverse H&S to complete bigger correction before resuming downtrend

JFYI

[Al_Dente]

Todd Salmone posted this chart Saturday:

67.png

Thanks uempel
That is total short interest for spy, for 500 SPX stocks
I’m still looking for the TOTAL number of all shares sold shorts on all stocks trading on the NYSE, this month.
[my benchmark record high is 16 billion shares short last October 2011, which caused the monster squeezes of Q4 last year]

[pezhead9000]

Bear raid coming. I just bought some WLT, 50 shares only. I can sell at anytime

I bought yesterday and look at the bear raid

[Cobra]

consolidation here still means more down.

[fehro]

here we are again... pressing the VIX daily downtrend.

[TraderJoe]

MrMiyagi, that wall sure could use a new coat of paint!!!!!!

[MrMiyagi]

MrMiyagi, that wall sure could use a new coat of paint!!!!!!

It's not in the budget....

[TraderJoe]

I understand..

[wishful]

Today's IWM is strong, any hint?

consolidation here still means more down.

[BullBear52x]

I am checking out, Thanks Cobra and everyone.

TA note: Hourly here just food for thought, basic nerdy chart but works well.

[uempel]

Todd Salmone posted this chart Saturday:

67.png

Thanks uempel
That is total short interest for spy, for 500 SPX stocks
I’m still looking for the TOTAL number of all shares sold shorts on all stocks trading on the NYSE, this month.
[my benchmark record high is 16 billion shares short last October 2011, which caused the monster squeezes of Q4 last year]

I saw the figures somewhere on Sunday, don't remember exactly where and I didn't copy them

[Petsamo]

Bear raid coming. I just bought some WLT, 50 shares only. I can sell at anytime

I bought yesterday and look at the bear raid

Analysts give WLT an overweight rating, have patience

[fehro]

or will Apple save the day.. as buying kicks in on the 50day?

[Al_Dente]

AAPL
Fresh toast
Next support what? 644?
Oh I know it has to bounce fur sure

[Auole]

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

[BullBear52x]

Last chart for the road, IWM a fight to avoid LL

[TraderJoe]

Take care BB, thanks for you TA...

[Al_Dente]

Todd Salmone posted this chart Saturday:

Thanks uempel ...That is total short interest for spy, for 500 SPX stocks...I’m still looking for the TOTAL number of all shares sold shorts on all stocks trading on the NYSE, this month.....[my benchmark record high is 16 billion shares short last October 2011, which caused the monster squeezes of Q4 last year]

I saw the figures somewhere on Sunday, don't remember exactly where and I didn't copy them

Still I see that chart (shorts on SPX) shows we have more room to go short before we get into the “squeeze-them-to-death” zone
... that's just my "read"
thx

[Mr. BachNut]

The AUD JPY head and shoulders completion is getting close.
Note that the high in this cross as well as Australian $/ US $ corresponded with the high in equities and has been down-trending ever since. Highly correlated.
AUD is taking it on the chin today.
I am guessing the neckline of AUD JPY will be defended. (equity bullish)
I am also guessing that if the neckline breaks, equities will follow.
Don't know for sure...just speculating...