10/22/2012 Live Update

[Me XMan]

Don't fight the Feds.

well planned OBAMA debate bounce

[KENA]

Great inverted dome..Added to my swing longs a while back.

[Harapa]

VIXies Update
VIXies 5 min setup Buy Watch ON

[Petsamo]

My spreadsheet's indicating if we finish at current levels, we should gap up tomorrow

[MrMiyagi]

My spreadsheet's indicating if we finish at current levels, we should gap up tomorrow

I'd love to know the parameters of your spreadsheet.

[Harapa]

VIXies Update
VIXies 5 min setup Buy Watch ON

Beware if VIXies tank in the last 20 mins left, this increases chances of gap up tomorrow.

[Xian]

well planned OBAMA debate bounce

Oh gosh, please don't. Seems that stuff has just gotten under control 'round here lately.

Hats off to Pets for keeping it in check....

[Cobra]

members only update at 3:48pm
http://www.cobrasmarketview.com/2012/10 ... ay-update/

[nasta]

NQ stronger than ES today - the opposite from what happened last days

[Cobra]

C&H target met. let's see if bulls can do more in the rest 9 min.

[Cobra]

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

[rola]

NQ stronger than ES today - the opposite from what happened last days

It is no wonder with AAPL up allmost 4 %

[ClarkW]

Long a little TNA here. I think this trendline (daily chart) will be defended at first.

[Petsamo]

My spreadsheet's indicating if we finish at current levels, we should gap up tomorrow

I'd love to know the parameters of your spreadsheet.

It's very simple.

FXI previous close multiplied by Hang Seng's close divided by Hang Seng's open.
If FXI closes today above that result, that means we bought up China, which is bullish.

FXI is an ETF with Chinese companies. I apply the same concept to India & Japan.

Europe doesn't involve formulas. Make a note of EWG (Germany) at 11:30. If EWG finishes above, Germany should gap up, which is bullish.

What throws off the prediction is if the market rallies on a gap down or if it sells off on a gap up, which is what frequently happens.

[Harapa]

VIXies Update
VIXies 5 min setup now favors Bulls

[MrMiyagi]

Thanks Petsamo.. I think....
Any idea of the track record?

[Cobra]

well, guess that's it for today. very strong close, i need dig a little before calling tomorrow. thank you guys, I'll see you tomorrow.

[MrMiyagi]

[Petsamo]

Thanks Petsamo.. I think....
Any idea of the track record?

Lousy, because of rallying on a gap down & selling off on a gap up.

Japan, China, & India, all rallied from a gap down last night. Europe is the reason why IWM & SPY gapped down this morning. (SPY gapped down by 10 cents)

Break

4.7 million last sell on SPY

[MrMiyagi]