10/19/2012 Live Update

[Me XMan]

NNNOOOOOOOOOOOOOOO!!!

volume surge, biggest bar again, wait, could be another rebound attempt here which should fail again though.

[Himoe]

Cobra,

Did yesterday count as a bearish engulfing candle? Would today's action if we close around here defy the 100% green next day record?

No yesterday was not Bearish Engulfing, it's Harami at the most.

When reading candlestick pattern, you should use SPY, not SPX, because in 90% cases, SPX daily open is yesterday's close, it doesn't reflect the correct open price. This is a known problem for years. A serious candlestick analyst should know this.

Even you use SPX, yesterday still is Harami.

Thanks.

[TraderJoe]

I bought SPY puts yesterdat at 146 and I just sold them

[Al_Dente]

$NYDEC = 2486
Highest I’ve seen it go in the last year is 2800
Believe it or not it could get to 2800
But only if the bears keep shorting and NOT covering….
[On the schw platform it is $DECN = 2519]

[Me XMan]

Very nice.

I bought SPY puts yesterdat at 146 and I just sold them

[L_T]

I dunno why POT is no longer liked. Below is MOO divided by POT. High numbers mean POT is weak.

Thanks Petsamo, I'll look at something else. It's for my mom so it has to be on the Canadian side and I have a few miners in there already.

In my opinion, CLF, MCP, WLT, X are in buy the dip mode.
ETFs in buy the dip mode is KOL, REMX, REM, XME, SLX. REM is a mortgage ETF with a dividend yield of 11+%.
Don't buy until I predict a gap up the following day.

If BTU announces sucky earnings Monday I'll be looking to short coal in general (with the exception of WLT---too many buyout rumors to short that thing).

I also think X is now in sell mode ha ha.

[MrMiyagi]

Green Monday?

[TraderJoe]

Very nice.

I bought SPY puts yesterdat at 146 and I just sold them

I bought for .54 and sold for $2.66

[Jack12]

Who thinks there will be a late day rally? If so, where do we close? just fun and games.

It would not supprise me if we popped up and closed the gap

me too. lots of time left in the session.

on second thoughts first we go to 1420ish before a bounce

I changed my mind too. We'll hit 1427 before a weak bounce to 1435 for the close. How does that sound?

initially I thought 1428 but this is looking sad and I got the max low for this wave 1421 so im guessing its the lower of them, but I think the bounce could be 10points or so

[MrMiyagi]

I covered all my TNA naked puts yesterday except for the October 53 which should expire worthless.

[Harapa]

VIXies update:
What are the chances of an imminent buy signal from this setup, pretty small.
(Look at the distance of signal line (green) from the MA (red) line.
Keep watching VIXies

[TraderJoe]

I covered all my TNA naked puts yesterday except for the October 53 which should expire worthless.

I bet you made a killing on those...

[fehro]

Naz hitting it's first H&S target.. but not AAPL

[Cobra]

members only update at 2:41pm
http://www.cobrasmarketview.com/2012/10 ... ay-update/

[MrMiyagi]

I bet you made a killing on those...

I can go for tuna instead of cat food this week..

[Petsamo]

I dunno why POT is no longer liked. Below is MOO divided by POT. High numbers mean POT is weak.

Thanks Petsamo, I'll look at something else. It's for my mom so it has to be on the Canadian side and I have a few miners in there already.

In my opinion, CLF, MCP, WLT, X are in buy the dip mode.
ETFs in buy the dip mode is KOL, REMX, REM, XME, SLX. REM is a mortgage ETF with a dividend yield of 11+%.
Don't buy until I predict a gap up the following day.

If BTU announces sucky earnings Monday I'll be looking to short coal in general (with the exception of WLT---too many buyout rumors to short that thing).

I also think X is now in sell mode ha ha.

KOL (coal) looks like it is in for a downleg.
If we don't get regime change, most everything is in sell mode.

[Me XMan]

Another batch clown long $143.40...gotta break $143.30 and stay above it first.
Looking like ascending triangle...

[fehro]

break 1430... next stop 1410ish?

[knock]

I bought SPY puts yesterdat at 146 and I just sold them

does weekly put decay from Thursday to Friday, if SPY stays flat? I hoped to flat open to buy put with the fear of decay, but missed the boat.

[TraderJoe]

I bet you made a killing on those...

I can go for tuna instead of cat food this week..

Blue Fin???