10/16/2012 Live Update

[joeynickels]

just a quick chart - a retrace or impulse down doesn't seem out of place here...

I've been looking at how this would count best and so far it seems to fit EW guidelines best starting as 1-2, 1-2 with the big impulse today and the pullback today being 3-4 with a couple of more subdivisions upside before we see any significant pullback.

[TraderGirl]

TraderLady, you are an oracle

Definition: In Classical Antiquity, an oracle was a person or agency considered to be a source of wise counsel or prophetic predictions or precognition of the future, inspired by the gods.

I only wish!!! I would be a billionaire right now if I was!!

[Out of Bounds]

Financials not participating in this rally too much...Just read the news about Vikram Pandit resigning from Citi....must be some problems over there....

They are saying he was fired....

These days, isn't resigning being fired?? Yes, you are right, he 'technically' resigned, but in all actuality he was pushed out....he left like a gentleman....

Bought some C yesterday and nearly choked when I saw the news this morning. Seems to be working out though. Still only worth 1/10th of what it was, so yeah, a few problems remain.

[L_T]

VIXies M05 sell watch ON
This is just a watch

On the stockcharts platform I am a breath away from a 5 min spy sell signal (inverted RVX must go below signal line)
ps It’s all your fault “Boss.” I’m totally joking, see

1016harapa5.png

Al question for you:

Do you use this in your "live" trading?

Also do you hold at the end of the day through to the next or do you close out every afternoon?

[uempel]

TraderLady, you are an oracle

Definition: In Classical Antiquity, an oracle was a person or agency considered to be a source of wise counsel or prophetic predictions or precognition of the future, inspired by the gods.

I only wish!!! I would be a billionaire right now if I was!!

I've visited Delphi and a few years ago we were in Siwa too, but those oracles are long gone, we only saw the ruins of the temples. But now I know there is an oracle who's alive and well - TraderLady in Cobraville

[Cobra]

members only update at 3:46pm: http://www.cobrasmarketview.com/2012/10 ... ay-update/

[fehro]

minor divergence in the VIX.

[Al_Dente]

doctor harapa
it's flip/flopping now
last time this signaled so near the close it was a false signal (?)
could u repeat what u said about signals soooo near the close (eg predicted gap or something?)

[Cobra]

guys, before the close, please take a little time to vote for me, thanks. http://stockcharts.com/public/1684859/tenpp

[TWT]

VXX: Bullish Falling Wedge = Ending Diagonal

[MrMiyagi]

Told you Bammy was gonna buy this shiz up...

[Harapa]

doctor harapa
it's flip/flopping now
last time this signaled so near the close it was a false signal (?)
could u repeat what u said about signals soooo near the close (eg predicted gap or something?)

Gap in the direction of the signal. Look at what currencies markets MOMO is telling.

[Out of Bounds]

members only update at 3:46pm: http://www.cobrasmarketview.com/2012/10 ... ay-update/

Thanks! That gave me plenty of time to take a position for tomorrow.

[MrMiyagi]

FAS may be close, if not at, a point of retrace.

[Cobra]

wow, looks very bullish here. a very strong close would be.

[Cobra]

well, guess that's it for today. bulls are strong, so normally should be more up ahead. thank you guys, I'll see you tomorrow.

[Petsamo]

If we finish at the highs, they might gap this down

[TraderGirl]

If we finish at the highs, they might gap this down

True...

[Al_Dente]

VIXies M05 sell watch ON
This is just a watch

On the stockcharts platform I am a breath away from a 5 min spy sell signal (inverted RVX must go below signal line)
ps It’s all your fault “Boss.” I’m totally joking, see

1016harapa5.png

Al question for you:
Do you use this in your "live" trading?
Also do you hold at the end of the day through to the next or do you close out every afternoon?

LT I have different time frames
For intraday scalping I exited early today, midday, when I saw all those weakness signs that I posted. scalping = flat by end of day.
I use the harapaVIX system for swing and try to hold on as long as it allows
Then I have a couple bucks long term that is another story
That is why I am crazy person: too many timeframes
How ‘bout u?
When u first came on board u were LT long term
Now I see u messin’ around w quickie stuff
GL2u

[TraderGirl]

Told you Bammy was gonna buy this shiz up...

You funny Mr. M!