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10/27/2012 Weekend Update

uempel
Posts: 8685
Joined: Tue Feb 15, 2011 6:38 am

Re: 10/27/2012 Weekend Update

Post by uempel »

uempel wrote:S&P future now at 1402.50
An hour later: so far the market is neither shooting to the upside nor tanking, S&P future now at 1404 :D
Last edited by uempel on Mon Oct 29, 2012 2:43 am, edited 1 time in total.
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xfradnex
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Re: 10/27/2012 Weekend Update

Post by xfradnex »

Flip that coin.

Legal note:Don't believe anything I say above. You may lose yourA$$..
My chart has Daily Elders (Close, High, and Low), MA-2, CCI, and ATR for each stock; all color coded.
daytradingES
Posts: 2245
Joined: Thu Sep 13, 2012 10:46 am

Re: gold review week 4

Post by daytradingES »

xfradnex wrote: Hang in there. :| Exersize can help burn some of the stress.
Many thanks.

Great idea!
Educational only and not trading advice (EO&NTA) :)
Good trading to all
daytradingES
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Re: gold review week 4

Post by daytradingES »

KeiZai wrote: Hi daytradingES, I am so sorry to hear this sad news for you and your family. I want to wish both of you the strength you'll need to go through this and the very best to you and your family at this sad time.
Many thanks Keizai.

(I think I'm going to try chewing bamboo park like your panda!) 8-)
Educational only and not trading advice (EO&NTA) :)
Good trading to all
daytradingES
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Re: gold review week 4

Post by daytradingES »

TraderJoe wrote:
daytradingES, I also fell your pain, I just lost my Grandfather to cancer, he had both bone marrow cancer and lung cancer which also ended up in his lymph glands. He passed peacefully in his sleep and did not suffer. My thought are with you and your family.
Hi TraderJoe,

Thank you very much for your message.
I am sorry to hear of your loss.
Educational only and not trading advice (EO&NTA) :)
Good trading to all
TraderGirl
Posts: 5028
Joined: Thu Dec 22, 2011 2:47 pm

Re: 10/27/2012 Weekend Update

Post by TraderGirl »

Hearing that the market is closed tomorrow...
http://mobile.bloomberg.com/news/2012-1 ... -york.html
TraderGirl
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Re: gold review week 4

Post by TraderGirl »

daytradingES wrote:
TraderJoe wrote:
daytradingES, I also fell your pain, I just lost my Grandfather to cancer, he had both bone marrow cancer and lung cancer which also ended up in his lymph glands. He passed peacefully in his sleep and did not suffer. My thought are with you and your family.
Hi TraderJoe,

Thank you very much for your message.
I am sorry to hear of your loss.
My thoughts go out to both of you through this difficult time...
TraderGirl
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Re: 10/27/2012 Weekend Update

Post by TraderGirl »

My charts suggest we see the market down into a low on the 30th, then higher on Weds, then another pullback on Thursday into Friday.

There are two turns this week, Monday and Friday, I guess Monday will be a no go since the markets are closed.

I am not sure the low on Friday is lower than the low on Tuesday?? If the Venus/Uranus aspect on Thursday turns out to be more positive than negative, we MAY not get much of a pullback at all?? Can't tell at this point, be prepared for both...
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Cobra
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Re: 10/27/2012 Weekend Update

Post by Cobra »

NYSE and Nasdaq to close on Monday due to Hurricane Sandy
http://bottomline.nbcnews.com/_news/201 ... cane-sandy

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uempel
Posts: 8685
Joined: Tue Feb 15, 2011 6:38 am

Re: 10/27/2012 Weekend Update

Post by uempel »

I just received the Monday morning momentum chart from CS. Medium term momentum indicator (the one with the squiggles) has changed course and is heading down. I've been following these charts for years now and generally the medium term momentum is correct. This does not mean the index cannot head North and gain 30 points in two or three days, but it does mean that the medium term direction of the index is South. Last but not least: there is a typo in the copy, of course it should read support at 1395, not resistance.

Have a great Monday, the markets are closed and I'm taking a day (or two of em) off 8-)
3.png
Last edited by uempel on Mon Oct 29, 2012 7:27 am, edited 3 times in total.
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TraderJoe
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Location: USA

Re: 10/27/2012 Weekend Update

Post by TraderJoe »

A great article;
Bargain-Addicted Investors Ignore Perils of Low Rates
By A. Gary Shilling
http://www.bloomberg.com/news/2012-10-2 ... rates.html
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Petsamo
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Re: 10/27/2012 Weekend Update

Post by Petsamo »

This sucks. I planned to swing trade away from AGNC today because they report earnings after-hours. Now I'm stuck paying earnings. The hope strategy is in play. Image

Stupid question: Anyone know if bank settlement dates are gonna be moved forward one day ?
Twitter @jackwag0n
daytradingES
Posts: 2245
Joined: Thu Sep 13, 2012 10:46 am

Re: gold review week 4

Post by daytradingES »

TraderGirl wrote:
My thoughts go out to both of you through this difficult time...
Thank-you very much Trader Girl.
Educational only and not trading advice (EO&NTA) :)
Good trading to all
ClarkW
Posts: 1325
Joined: Wed Aug 10, 2011 11:28 am

Re: gold review week 4

Post by ClarkW »

daytradingES wrote:Hi everyone!

Here's the gold review for week 4.

My brother's cancer has move into his lymph nodes and his arms have swollen like Michellen tire man.
Things are an emotional roller coaster. Yesterday tonnes of internet prbs - perhaps a message I needed sleep!

Now into week 4 review for gold and in 21 days it is down 96 points (to thursday's low)
the rise was 267 points in 141 days.
average rise was $1.90 per day and fall $4.60 per day.

In this week's post I mention the idea of lightening a short position at a week low and re-establishing it at the week's high for those more inclined to trade. If you are a pyramider then you would add to a short position at a week's high.

Also I have added the idea of the 45 degree line as a possible exit for the short swing trade. (The lower Keltner is currently at the 1738 level and roughly the 45 degree line).

Gann exited went he felt the trend had changed (he had many more rules towards the end of the move) and I believe he would keep pulling is stop down to just above the prior week's high. That's a long way up here (about 1769 level) however he had rules for exiting levels such as time and fractions of the prior move.

NTA (not trading advice)

IHIH

Review1 for week Oct 6 2012
http://screencast.com/t/8LiQf7SR

Review 2 for week 13 Oct 2012
http://screencast.com/t/ytLLifIa

Review 3 for week 20 Oct 2012
http://screencast.com/t/1xW7vXnMK1

Review 4 for week 27 Oct 2012
http://screencast.com/t/GkimnZnFAg
Great video and follow-up Daytraderes! Thoughts go out to your family during this difficult time
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Mr. T
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Re: 10/27/2012 Weekend Update

Post by Mr. T »

There's no hope........ Sandy is going to destroy the eastern US.
Europe is going to destroy Europe.

Be a good Muppet and sell!
-T

"Treat Your Mother Right!!!!"
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Out of Bounds
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Re: 10/27/2012 Weekend Update

Post by Out of Bounds »

Markets closed Tuesday as well.
...
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Mr. T
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Re: 10/27/2012 Weekend Update

Post by Mr. T »

Out of Bounds wrote:Markets closed Tuesday as well.

The markets will never open again....... watch CBNC, they're covering the end of the world.

:shock:
-T

"Treat Your Mother Right!!!!"
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Cobra
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Re: 10/27/2012 Weekend Update

Post by Cobra »

Mr. T wrote:
Out of Bounds wrote:Markets closed Tuesday as well.

The markets will never open again....... watch CBNC, they're covering the end of the world.

:shock:
:mrgreen:

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Cobra
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Re: 10/27/2012 Weekend Update

Post by Cobra »


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Al_Dente
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Re: 10/27/2012 Weekend Update

Post by Al_Dente »

all dressed up and nowhere to go
if I go over my charts again, my head will explode
how about some foolishness:
nebula.png

and Monday Monday: http://www.youtube.com/watch?v=h81Ojd3d2rY
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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