10/18/2012 Live Update

[fehro]

trend lines, a little messy, but there are a few channel possibilities.

[Harapa]

PAGING ANY DAY TRADER whipsawed in the past two days
U r not alone
Here is Trin point of view

1018trin.png

Indeed, VIXies are about to flip to Bull side.

[Petsamo]

SPY is very close to busting yesterday's high

[TraderJoe]

NDX is looking very interesting...should we get a pullback soon, it "could" turn into a wave 5, and therefore be impulsive down...that means we have another wave down soon after a bounce....the question is how far up does it bounce before heading back down.

There looks to be some critical support that has developed as it did in 2007, it's around 2680. Should we fall below...looks like that could be ominous for the market...

APPL also looks interesting...it's sitting around support of a potential bearish wedge and there could be a 5th wave developing...in that case we would get another wave down as well, so the next couple of weeks should be interesting in determining where we are going...

excellent Chart as always TraderGirl

[uempel]

Update:

[ClarkW]

My that's a big red stick you have there GDX on the 30 min. The green box it appears on track to hit is simply the 61.8%-78.6% area of the most recent leg up
Also notice Directional ADX has crossed negatively (for now, will see if it holds)
Any news?

Kabam! Got the c wave was expecting

Great call TG! What does that mean going forward?

I don't like to make forecasts because the environment changes every day, but I would at least most likely expect another wave up for C possibly into the 22/23rd, where it goes from there...???

But I am seeing that we head back down into the 28/29th timeframe (maybe it finds support)...there is a major turn date of Oct 31/Nov 1. There are two scenarios I see potentially playing out..

1) We pullback into the 29-30th time frame bounce a bit, then turn back down Oct 31/Nov 1 (+/-3 days) into mid-November
2) We pullback into the 29-30th, then take off from there into January

I have charts doing both of the scenarios above...?? We'll have to see what happens around that time frame of Oct 31/Nov 1 to see how wave counts, support resistance levels, etc play out....

Thanks TG! Not holding you to anything but always respect your opinion! Thanks for sharing!

[Harapa]

VIXies Update
VIXies 5 min setup now favors Bulls
Looks like for the past two days this setup is following the market instead of leading .

[L_T]

I assume whomever said they were into YELP yesterday still thinks it's a good idea? I like the looks of it now as I thought it might take a bit of a ding with the rest of the market today. Uptrend will hopefully continue though so I may go along for the ride. Good luck to us all.

[uempel]

Hey TraderLady, you were out with the girls last night and now you're back on your feet and checking the charts. Are you an earlybird, even if you've been drinking classy Champagne into the night Or are you a teetotaler

[CH37]

Anybody else tracking CMG ? today AMC ER out.
I bet CMG down ...
any thought ? thanks ...

[TraderJoe]

I assume whomever said they were into YELP yesterday still thinks it's a good idea? I like the looks of it now as I thought it might take a bit of a ding with the rest of the market today. Uptrend will hopefully continue though so I may go along for the ride. Good luck to us all.

I think it's good for a few points...

[Petsamo]

Well, everything's rallying except for my NAV

[TraderGirl]

Hey TraderLady, you were out with the girls last night and now you're back on your feet and checking the charts. Are you an earlybird, even if you've been drinking classy Champagne into the night Or are you a teetotaler

I am going out with the girls tonight!! You may or may not hear from me tomorrow Gonna get my drink on!

I am an early riser no matter what, hard to sleep in...

[uempel]

Guys, check 1466

[Cobra]

members only update at 12:03pm: http://www.cobrasmarketview.com/2012/10 ... ay-update/

[TraderGirl]

Hey TraderLady, you were out with the girls last night and now you're back on your feet and checking the charts. Are you an earlybird, even if you've been drinking classy Champagne into the night Or are you a teetotaler

I am going out with the girls tonight!! You may or may not hear from me tomorrow Gonna get my drink on!

I am an early riser no matter what, hard to sleep in...

Dirty Martini's are my drink of choice...

[Cobra]

breakout, here's the target. bulls are stronger than I thought.

[MrMiyagi]

Bammy bought the market up again! Almost touched yesterday's down pbar, missed by 4 cents; good enough.

[KeiZai]

PAGE KEIZAI
Any comments (chart) on the strength of aud/jpy?

Boss IDK I don´t even know why Indexes are rallying so hard I didn't notice we solved all world problems, but it is what it is and fighting it is not very smart

If u mean today maybe because of breakout, yelow is 200MA

And NZDJPY is collecting squeeze dots so most likely we will see even more strenght in AUD,NZD

[uempel]

Hey TraderLady, you were out with the girls last night and now you're back on your feet and checking the charts. Are you an earlybird, even if you've been drinking classy Champagne into the night Or are you a teetotaler

I am going out with the girls tonight!! You may or may not hear from me tomorrow Gonna get my drink on!

I am an early riser no matter what, hard to sleep in...

Dirty Martini's are my drink of choice...

May I buy you one