11/17/2012 Weekend Update

[Cobra]

Algo chart from stocktiming which in my opinion is the best chart stocktiming provides. So far no positive divergence, so the chart argues the selling isn't over yet. It's very oversold now, so a short-term rebound definitely is due.

[Cobra]

Smart money covered a lot so this chart serves no value for now.

[Cobra]

AAII and II.

Retailers are little bit pessimistic now. Not extreme enough though.

[Cobra]

Rosy picture from Bespoke.

[bullbear12]

[img][img][/img][/img]

[bullbear12]

The 10 min IWM is not only leading, but far above where the last cycle ended October 17/18th and where the new one began around Oct. 23

[Royal Flush]

Algo chart from stocktiming which in my opinion is the best chart stocktiming provides. So far no positive divergence, so the chart argues the selling isn't over yet. It's very oversold now, so a short-term rebound definitely is due.

Great chart thanks Cobra. I find it is important to review my trades in order to improve. Fridays low found support (point 3) at 2 TLs (1 & 2) on my tick chart. Furthermore the MFI indicator had divergence at that point. Although it is difficult to see on this chart there was a triangle buy signal at the low of the reversal bar. I like to have at least 2 reasons to enter a trade but 4 reasons to go long means double up .

I would like to congratulate in daytradingES's Thurday close Best Guess range of 1342 to 1359.25, well done and please keep up the great work

[uempel]

My grids and ellipses on BPNYA and BPSPX suggest that the low ain't in yet

[Al_Dente]

The outer red band represents 3 standard deviations above/below the 50ma on SPX
SPX has spent the last 8 trading days in that red zone, including yesterday.
That is unusual, and dangerous.
SPX needs to bounce out of there… and quick…. then the correction might be analogous to May’s correction: low selling volume, no wash-out climax,
lower low bottom, then a little retest … essentially a wussie correction, just like May’s…
The more time SPX spends in the 3 std-dev red zone, the greater the risk of a crash-ette more like Aug 2011.
IMHO

[uempel]

The outer red band represents 3 standard deviations above/below the 50ma on SPX
SPX has spent the last 8 trading days in that red zone, including yesterday.
That is unusual, and dangerous.
SPX needs to bounce out of there… and quick…. then the correction might be analogous to May’s correction: low selling volume, no wash-out climax,
lower low bottom, then a little retest … essentially a wussie correction, just like May’s…
The more time SPX spends in the 3 std-dev red zone, the greater the risk of a crash-ette more like Aug 2011.
IMHO

1117wkndstddev.png

Great chart Al. But may I remind you that it's Saturday, we've got a day off today. I'll be in the "Totò Bar" at 6 pm, TraderGirl will be there, you coming too

[Al_Dente]

The outer red band represents ...bla bla...

Great chart Al. But may I remind you that it's Saturday, we've got a day off today. I'll be in the "Totò Bar" at 6 pm, TraderGirl will be there, you coming too

LUKE, I AM YOUR FATHER… COME TO THE DARK SIDE…

Gotta go. I’ll see u tomorrow…

Until then I leave you with Lightnin´Hopkins http://www.youtube.com/watch?v=o3SXKLas ... re=related

[BullBear52x]

Are we there yet? are we there yet?
picture perfect is NO, my MO buy is confirmed and Bull bars are confirmed so for counter trenders this is a hammer time.

[Cobra]

Summary of this week's stock picks. It's a fantastic week for short. viewtopic.php?f=10&t=730&p=105284#p105284

[xfradnex]

World Elders 13 of 15 Red. Japan Blue. World volume moving up on Market price up, but not exhaustion = more down.

[Cobra]

the next week's stock picks.
viewtopic.php?f=10&t=737&p=105287#p105287

[KeiZai]

I am sharing the same idea as everyone here, but I am ready also for alternative as market like to leave people waiting for Godot

Countertrend rally shown in yellow, very unlikely but not impossible alternative in blue

Russell

Short-term

[KeiZai]

Just4fun

They must have a really good stuff : http://blogs.barrons.com/stockstowatcht ... hoobarrons

what a ride it must have been http://finance.yahoo.com/echarts?s=MDBX ... =undefined;

I am watching some ganja stocks because I think there is quite big potential

another note this looks good too : http://www.dailymail.co.uk/health/artic ... spray.html

http://ca.finance.yahoo.com/q?s=TRL.TO

[pezhead9000]

The 10 min IWM is not only leading, but far above where the last cycle ended October 17/18th and where the new one began around Oct. 23

bullbear12 - is that from Trade Guild?

[pezhead9000]

FWIW: WSJ Money Flow - Block flow was negative. Not sure if this has much meaning.

[pezhead9000]

WSJ Sell on Strength - Apple. What does this mean? anything?