10/23/2012 Live Update

[Cobra]

well, hopefully this MM target could work. not sure, I'm neutral here.

[MrMiyagi]

They are printing as fast as they can.

[Me XMan]

It's a no-brainer. Market can't to go hell in a straight line. Also too much at stakes in election in 3 weeks time. Gotta keep the pawns in the game you know.

BTW, great call earlier on going long Me XMan. Very nice!

[Me XMan]

Benny has reputation to keep

They are printing as fast as they can.

[MrMiyagi]

[fehro]

They are printing as fast as they can.

FOMC minutes released tomorrow at 2:15 ET.

[MrMiyagi]

Thanks TraderGirl.
I'll leave it then.

Smallies are showing relative strength if you are looking to simply go long for an oversold bounce.

That's what I was planning, bounce play.

[MrMiyagi]

[TraderGirl]

It's very possible we are tracing out an ending diagonal on the SPX....there is support around 1390ish for d...'e' can fail, it doesn't have to make it to the top of the triangle, it can also overshoot slightly...but if in fact we head higher than the last high, there is resistance around 1495 at the channel and then again at the triangle around 1507 around Dec 24th (a potential time of a crest)...

[TraderJoe]

Lot's of pbars today!!

[Harapa]

PAGING AL
VIXiess may change their mind at the last minute before the close like yesterday. XIV is not budging at the moment, NYAD negative. Ignore signal if issued in the last 15 mins ?

[TWT]

SPX: A terminal pattern could be delayed a few weeks

[MrMiyagi]

Lot's of pbars today!!

[L_T]

Thanks TraderGirl.
I'll leave it then.

Smallies are showing relative strength if you are looking to simply go long for an oversold bounce.

That's what I was planning, bounce play.

Would it be possible (pretty please) for an Elliot Wave guru to post a chart of IWM? I'm curious about an oversold bounce as well.

[fehro]

bear flag still in play..

[Cobra]

members only update at 3:37pm
http://www.cobrasmarketview.com/2012/10 ... ay-update/

[Cobra]

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

[Cobra]

trend line support. I'm still neutral.

[fehro]

Dow looks ugly.

[Al_Dente]

PAGING AL
VIXiess may change their mind at the last minute before the close like yesterday. XIV is not budging at the moment, NYAD negative. Ignore signal if issued in the last 15 mins ?

i don't think it will get to "buy" unless we have a massive sqz at the close
renko says flag up to descending MA
if this is a bull, i will be late to the party, and i am fine with that