10/27/2012 Weekend Update

[Cobra]

Begin with institutional accumulation and distribution chart from stocktiming. No doubt it's in distribution. The most importantly, there's no divergence yet, i.e. price lower low while distribution lower high, so guess the selling isn't over yet.

[Cobra]

Smart money still huge short.

[Cobra]

Nothing interesting on II and AAII.

[Hubon]

Good Morning

There was a report on German TV about the article I linked below. It was really negative claiming
excessive corruption is on the rise. As some of you may have better knowledge of the situation in China,
Is this exagerated by the medias, or is this a real danger for the Communist Party? Thanks for your thougts.

http://www.ibtimes.co.uk/articles/39854 ... -block.htm

[PLUNGE]

by Hubon » Sat Oct 27, 2012 4:15 am

Good Morning

There was a report on German TV about the article I linked below. It was really negative claiming
excessive corruption is on the rise. As some of you may have better knowledge of the situation in China,
Is this exagerated by the medias, or is this a real danger for the Communist Party? Thanks for your thougts.

More about corrupt Chinese officials, but I believe the Communists retain firm control of the populace:

http://www.todayonline.com/World/China/ ... succession

http://www.theepochtimes.com/n2/china-n ... 03920.html

[uempel]

Weekend poll at Bespoke for bulls/bears: it's a contrarian indicator (many bullish votes and the market tanks and vice versa) and by Saturday 10:48 a.m traders with a bullish outlook don't like what they see

[KeiZai]

Hello weekenders, I will again build on my last weekend post : viewtopic.php?f=2&t=709&p=101247#p101247

But now it´s getting tangled a bit in short term outlook, here are the charts:

Russell again

d. none of this :D

[KeiZai]

Financials not looking bad to me

I would say it is breakout backtest (until proven otherwise)

[ClarkW]

Interesting article on Nat Gas and Chesapeake http://www.nytimes.com/2012/10/21/busin ... nted=print

[KaZoom]

Backtest of falling wedge and forks on SSEC:

http://stockcharts.com/h-sc/ui?s=$SSEC& ... &cmd=print

[BullBear52x]

Hello weekenders, I will again build on my last weekend post : viewtopic.php?f=2&t=709&p=101247#p101247

But now it´s getting tangled a bit in short term outlook, here are the charts:

Russell again

The attachment Russell-spec.png is no longer available

The attachment Russell-spec2.png is no longer available

Nice chart as usual boss, this is why I never get good at waves too many question mark. looking back at the old chart I still got lots of question marks on it

and here where the previous low can not afford a penny lower from here. very bearish if so.

Swing is still on the sell here.

[BullBear52x]

Here is my few words on inflation/deflation relate commodities.
DBA

GLD and SLV over lay

on UNG longer term is still bullish but for now the swing is still on sell.

[daytradingES]

Hi everyone!

Here's the gold review for week 4.

My brother's cancer has move into his lymph nodes and his arms have swollen like Michellen tire man.
Things are an emotional roller coaster. Yesterday tonnes of internet prbs - perhaps a message I needed sleep!

Now into week 4 review for gold and in 21 days it is down 96 points (to thursday's low)
the rise was 267 points in 141 days.
average rise was $1.90 per day and fall $4.60 per day.

In this week's post I mention the idea of lightening a short position at a week low and re-establishing it at the week's high for those more inclined to trade. If you are a pyramider then you would add to a short position at a week's high.

Also I have added the idea of the 45 degree line as a possible exit for the short swing trade. (The lower Keltner is currently at the 1738 level and roughly the 45 degree line).

Gann exited went he felt the trend had changed (he had many more rules towards the end of the move) and I believe he would keep pulling is stop down to just above the prior week's high. That's a long way up here (about 1769 level) however he had rules for exiting levels such as time and fractions of the prior move.

NTA (not trading advice)

IHIH

Review1 for week Oct 6 2012
http://screencast.com/t/8LiQf7SR

Review 2 for week 13 Oct 2012
http://screencast.com/t/ytLLifIa

Review 3 for week 20 Oct 2012
http://screencast.com/t/1xW7vXnMK1

Review 4 for week 27 Oct 2012
http://screencast.com/t/GkimnZnFAg

[KeiZai]

Hello weekenders, I will again build on my last weekend post : viewtopic.php?f=2&t=709&p=101247#p101247

But now it´s getting tangled a bit in short term outlook, here are the charts:

Russell again

The attachment Russell-spec.png is no longer available

The attachment Russell-spec2.png is no longer available

Nice chart as usual boss, this is why I never get good at waves too many question mark. looking back at the old chart I still got lots of question marks on it

The attachment 1.JPG is no longer available

and here where the previous low can not afford a penny lower from here. very bearish if so.

The attachment 2.JPG is no longer available

Swing is still on the sell here.

The attachment 7.JPG is no longer available

Yep sometimes it´s like up or down or sideways

Tricky thing is that we are in complex B wave from 2009 so all waves are ABCs and B wave is always the hardest to trade so is just matter of time when the C wave down starts (note that : C wave doesn´t need to make lower low from 2009 cycle maybe around 1000 is enough ) But what I wanted to say is that ur 4th wave is most likely not 4th wave - double zig-zag in B wave...below 61.8 it´s failed C wave what is not very bull friendly thingie

This is my prefered count so far, looks very corrective within channel...and below 50 or 61.8 this structure is uber bearish (nested 1-2s)

Thankie 4 charts boss, glad to see u here Take care!

[Cobra]

The conclusion for this week's stock picks.
viewtopic.php?f=10&t=710&p=102388#p102388

[Cobra]

stock picks for the next week.
viewtopic.php?f=10&t=718&p=102390#p102390

[xfradnex]

http://news.yahoo.com/greek-debt-badly- ... nance.html http://news.yahoo.com/euro-zone-ministe ... iness.html

[ClarkW]

Seasonality of Gold and Goldminers: http://www.cxoadvisory.com/5710/calenda ... ld-miners/

[xfradnex]

Hi everyone!

Here's the gold review for week 4.

My brother's cancer has move into his lymph nodes and his arms have swollen like Michellen tire man.
Things are an emotional roller coaster. Yesterday tonnes of internet prbs - perhaps a message I needed sleep!

Now into week 4 review for gold and in 21 days it is down 96 points (to thursday's low)
the rise was 267 points in 141 days.
average rise was $1.90 per day and fall $4.60 per day.

In this week's post I mention the idea of lightening a short position at a week low and re-establishing it at the week's high for those more inclined to trade. If you are a pyramider then you would add to a short position at a week's high.

Also I have added the idea of the 45 degree line as a possible exit for the short swing trade. (The lower Keltner is currently at the 1738 level and roughly the 45 degree line).

Gann exited went he felt the trend had changed (he had many more rules towards the end of the move) and I believe he would keep pulling is stop down to just above the prior week's high. That's a long way up here (about 1769 level) however he had rules for exiting levels such as time and fractions of the prior move.

NTA (not trading advice)

IHIH

Review1 for week Oct 6 2012
http://screencast.com/t/8LiQf7SR

Review 2 for week 13 Oct 2012
http://screencast.com/t/ytLLifIa

Review 3 for week 20 Oct 2012
http://screencast.com/t/1xW7vXnMK1

Review 4 for week 27 Oct 2012
http://screencast.com/t/GkimnZnFAg

Hang in there. Exersize can help burn some of the stress.

[KeiZai]

Hi everyone!

My brother's cancer has move into his lymph nodes and his arms have swollen like Michellen tire man.
Things are an emotional roller coaster. Yesterday tonnes of internet prbs - perhaps a message I needed sleep!

Hi daytradingES, I am so sorry to hear this sad news for you and your family. I want to wish both of you the strength you'll need to go through this and the very best to you and your family at this sad time.