10/05/2012 Live Update

[deeko]

LADIES
Do shorts want to hold over the weekend?
If no, then a covering squeeze could b brutal into the close
No sign of that yet, and SPY will not LOD on that skinny little 5min needle…….should test more low
but just for fun, get the sqz goggles on

It could happen, but I can't imagine a squeeze past 146.40

[SB73]

COBRA
will u tell us (post link on free board here) when u update it, or do we have to keep watching that page?

that I'll have to figure out, maybe use twitter to notify.

no good twitter

never check twitter either

By the way Dr out of 1/2 of those delicious puts from earlier.

[Jack12]

LADIES
Do shorts want to hold over the weekend?
If no, then a covering squeeze could b brutal into the close
No sign of that yet, and SPY will not LOD on that skinny little 5min needle…….should test more low
but just for fun, get the sqz goggles on

It could happen, but I can't imagine a squeeze past 146.40

Yes im holding, think there are more cookies in the jar

[Al_Dente]

LADIES
Do shorts want to hold over the weekend?
If no, then a covering squeeze could b brutal into the close
No sign of that yet, and SPY will not LOD on that skinny little 5min needle…….should test more low
but just for fun, get the sqz goggles on

It could happen, but I can't imagine a squeeze past 146.40

its just a flag at the moment
should fail (?)

[Al_Dente]

senor sb73
weekend party time

[skittlesmds]

LADIES
Do shorts want to hold over the weekend?
If no, then a covering squeeze could b brutal into the close
No sign of that yet, and SPY will not LOD on that skinny little 5min needle…….should test more low
but just for fun, get the sqz goggles on

It could happen, but I can't imagine a squeeze past 146.40

Yes im holding, think there are more cookies in the jar

I started shorting yesterday and was early. I'm still short and holding.

[Mr. T]

Market open on Monday??? It's a holiday

[pezhead9000]

May be power 1/2 hour??

[fehro]

could be setting up for H&S on Monday, if the pattern plays out.

[TraderGirl]

LADIES
Do shorts want to hold over the weekend?
If no, then a covering squeeze could b brutal into the close
No sign of that yet, and SPY will not LOD on that skinny little 5min needle…….should test more low
but just for fun, get the sqz goggles on

Looking at the VIX...it shows it bounced on the pullback today...because of the Jupiter aspect next week on the 9th, and the fact that the VIX now has some room to go back and test support, and the fact that we did not do 5 waves down on SPX...I would not rule out a push higher next week to a higher high...???

Edit: Let me add...I hope not a higher high.....

[BullBear52x]

TNA is in RED now oy!

Told you so in the morning! If we end in red it makes today a bearish engulfing day which is bullish for Monday? Cobra, any chance I remembered right?

closing below 145.89 only confirmed bearish piercing, need a lot more to engulf.

Thanks BB, you are right.

For educational purposes, would it be a close of 143.40 or around there to be considered bearish engulfing?

you meant 145.43ish, yes, but I see it as engulf at 145.64 yesterday's open. position is important, touching upper BB put more weight to it, today is kind of there, so either piercing or engulfing they are bearish reversal candle from my read.

[TraderGirl]

Market open on Monday??? It's a holiday

US market is open, but it is not a settlement day...banks closed...

[Mr. T]

Market open on Monday??? It's a holiday

US market is open, but it is not a settlement day...banks closed...

Ah, thanks TraderGirl........ or more like TraderWoman

[MrMiyagi]

Market open on Monday??? It's a holiday

US market is open, but it is not a settlement day...banks closed...

Canadian markets closed but Cobra will be slaving it out for his Masters.

[Al_Dente]

COBRA: for example
I LOVE THAT 3:03 POST FOR SUBSCRIBERS
but i missed it.... i was late seeing it

[Petsamo]

Market open on Monday??? It's a holiday

US market is open, but it is not a settlement day...banks closed...

Cool, I thought we were closed

[deeko]

Told you so in the morning! If we end in red it makes today a bearish engulfing day which is bullish for Monday? Cobra, any chance I remembered right?[/quote]
closing below 145.89 only confirmed bearish piercing, need a lot more to engulf.[/quote]

For educational purposes, would it be a close of 143.40 or around there to be considered bearish engulfing?[/quote]
you meant 145.43ish, yes, but I see it as engulf at 145.64 yesterday's open. position is important, touching upper BB put more weight to it, today is kind of there, so either piercing or engulfing they are bearish reversal candle from my read.[/quote]

Yes, I meant 145.30, originally, but I can see what you're saying about the open price. Thanks. We could finish there, with the direction this is headed.

[Petsamo]

We reached the point of the bad tick on SPY created yesterday

[SB73]

COBRA: for example
I LOVE THAT 3:03 POST FOR SUBSCRIBERS
but i missed it.... i was late seeing it

Senor I am lost was there really a post?

[Jack12]

LADIES
Do shorts want to hold over the weekend?
If no, then a covering squeeze could b brutal into the close
No sign of that yet, and SPY will not LOD on that skinny little 5min needle…….should test more low
but just for fun, get the sqz goggles on

Looking at the VIX...it shows it bounced on the pullback today...because of the Jupiter aspect next week on the 9th, and the fact that the VIX now has some room to go back and test support, and the fact that we did not do 5 waves down on SPX...I would not rule out a push higher next week to a higher high...???

Edit: Let me add...I hope not a higher high.....

TG if it is only 3 is it then not A? I see a full 5wave of3 so should we not get an ABC first before the 5th?
Sorry SPX I dont get the VIX