10/20/2012 Weekend Update

[Cobra]

Begin with Beating Rate from Bespoke. Looks like it'd be the worst Quarter since year 2000.

[Cobra]

institutional accumulation and distribution from stocktiming. small accumulation but it's up to Thursday, not sure if today's drop had dramatically changed the picture.

[Cobra]

interestingly, individuals are bearish despite the market has been up a lot.

II is neutral.

[Cobra]

Smart money still huge short. Covered a little of course.

[Cobra]

still defensive sectors such as XLP and XLV are outperforming, despite the market has been up a lot.

[Cobra]

Conclusion for this week's stock picks.
viewtopic.php?f=10&t=703&p=101236#p101236

[xfradnex]

Elders World 6 red, 6 Green, 3 Blue. I like Spy support at 142.4 monday. Friday's drop biggest since 6-21; next day there was a OL of .4 Spy.

[Cobra]

Election year pattern from Bespoke, so far the market exactly follows the pattern.

[ClarkW]

JUST FOR FUN: POSSIBLE BULLISH GARTLEY forming on Unleaded Gasoline ($GASO) on the daily chart

[uempel]

The pattern on the 1 min does not look like a bottom (not shown here), but these four charts suggest that a bounce might be coming soon

[Harapa]

Pretty self explanatory.

http://blog.kimblechartingsolutions.com/

[ClarkW]

Just some ETF "cheat sheets" from Bespoke if anyone needs them

Leveraged/Short http://bespokeinvest.squarespace.com/st ... 0Sheet.pdf
Global http://bespokeinvest.squarespace.com/st ... 0Sheet.pdf
U.S. http://bespokeinvest.squarespace.com/st ... 0Sheet.pdf

[Harapa]

Inverse VIX is flagging trouble ahead.
The chart in the middle is 1/VIX(EOD). On FRI it pierced through (breakdown) two trend lines. This is not a good omen for the stocks as such breaks in the past were indicative of softer price action in the coming days. Caution is warranted.

[Seawaves]

Pretty self explanatory.

joefridayndxlargerisingwedgeoct19.gif

http://blog.kimblechartingsolutions.com/

That's the kind of sword of Damocles, but wouldn't be it more perfect if there comes one more wave up to the ceiling

[Harapa]

Pretty self explanatory.

The attachment joefridayndxlargerisingwedgeoct19.gif is no longer available

http://blog.kimblechartingsolutions.com/

That's the kind of sword of Damocles, but wouldn't be it more perfect if there comes one more wave up to the ceiling

I think that would the last exit given deteriorating situation in Volatility Indices (look at pre Aug 2011 crash).

[KeiZai]

I will build on my last weekend chart and comment : viewtopic.php?f=2&t=702&p=99995#p99995 which played out exactly as I thought (with bigger correction) - what is the main reason why I warned one guy not to be too optimistic (no offense meant btw so I hope you did not take it personally because you didn´t reply) with comment : "I am just wondering how people rocks after one wave up" This market is evil we have to trade step by step one wave after another absolutely without bias. Anything should happen anytime...I see lot of warning signs around guys what actually does not mean we are heading straight down right now but once we will and that´s the reason why we have to be very cautious these days...that´s again just my 2 cents...ok no more blah-blah

Here is one possibility for those looking to the upside but by any means more likely more descent ahead (note: I am looking to the upside as well but too many traders are looking that way and even bears are waiting for wave up to open shorts, that is dangerous thing in my eyes and market never do what everyone expects)

Russell

Dow

And here are some warning signs

Eurostoxx

NASDAQ

Thanks for attention

[uempel]

Cobra, my guess: a sentiment poll this weekend would show strong bearish sentiment - most of us are bearish, me too. Why? My favorite medium term indicators are showing weakness. But I feel uncomfortable with short positons just too much bearishness around me.

These two charts suggest that bears still have to prove they are in charge.. BPNYA still looks very bullish, BPSPX (not shown) is neutral, and short term SPX does not yet favor the bears, unless we read the three bumps as a H&S

[BullBear52x]

Hello Weekenders.

Bears can not cerebrate quite yet, it's true all roads lead to Rome, but right now we are still at the beach in Ritta my fun on curve

3rd time is a charm?

Dead cat bonce is at hand or gap down to new trading range.

[ocassional observer]

google working off excessive bullishness. striking similarities with 2007 top. monthly chart:

some bounce from breakout level is expected.

[KeiZai]

Hello Weekenders.

Bears can not cerebrate quite yet, it's true all roads lead to Rome, but right now we are still at the beach in Ritta my fun on curve

6.JPG

3rd time is a charm?

7.JPG

Dead cat bonce is at hand or gap down to new trading range.

8.JPG

Thanks BB btw look at weekly candles too early to be hyper bearish