10/23/2012 Live Update

[Me XMan]

Damn good charts Cobra.

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

[TraderGirl]

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.

Don't know if we go slightly lower tomorrow, could see a bottom tomorrow?? Don't know price levels for bounces...but could get one more leg down on IWM...IMHO....

[Cobra]

another support. still neutral i am.

[TradersF]

Sold my TZA position bought on Thursday. That's a 10% gain
It still feels like more downside to come. I'm OK with waiting for my TNA buy (swing) signal.

GL

Got my TNA buy signal. Lets ride this up for awhile..........

[Al_Dente]

Dow looks ugly.

u mean ugliest?

[Out of Bounds]

still neutral i am.

[/Yoda]

[TraderGirl]

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.

Don't know if we go slightly lower tomorrow, could see a bottom tomorrow?? Don't know price levels for bounces...but could get one more leg down on IWM...IMHO....

I would look for pos d to develop between now and next leg down...

[Cobra]

members only update at 3:47pm
http://www.cobrasmarketview.com/2012/10 ... ay-update/

[MrMiyagi]

[L_T]

still neutral i am.

[/Yoda]

I was thinking the same thing!

[TraderGirl]

Apple pulled back from the broken trendline...if it goes lower could find support around $587...

[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 ?

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

1023renko.png

Agree.

[Cobra]

well, looks like the support holds. anyway, 9 min to close.

[L_T]

I would look for pos d to develop between now and next leg down...[/quote]

OK thanks for the chart as well. Looks too dangerous to me right here.

[MrMiyagi]

Apple pulled back from the broken trendline...if it goes lower could find support around $587...

A couple of Earnings ago, AAPL dropped hard pre report and rallied on great numbers; insiders probably squashing the price to buy lower...

[Cobra]

well, guess that's it for today. FOMC tomorrow usually is bull friendly. thank you guys, I'll see you tomorrow.

[L_T]

Miyagi here is an oversold one for you: UGA

[MrMiyagi]

Miyagi here is an oversold one for you: UGA

Thanks L_T, USO is, I think, more rebound-bound at this time based solely on the BBand crash.

[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

1023renko.png

Agree.

problem is i also agree w cobra... ben should say something anything that will soothe the markets.... and comfort the "blind trusts" of all our politicians...
we shall see

[TraderGirl]

Apple pulled back from the broken trendline...if it goes lower could find support around $587...

A couple of Earnings ago, AAPL dropped hard pre report and rallied on great numbers; insiders probably squashing the price to buy lower...

That time they announced I believe they rallied after earnings announced then sold off...