11/05/2012 Live Update

[Jack12]

!!!!!POWER HOUR!!!!!

...just around the corner..

Coming soon at your nearest polling station

[toddymc]

Still maintaining projected low between Nov.7-10th

SPY Puts 145 strike...
fractal?

[KENA]

Power hour..Good! now lets trade again.

[MrMiyagi]

Power hour..Good! now lets trade again.

Short chart says we start with a dip.

[quientuves]

Fighting with MM200 @ 30min. and 10 min. ???

Hard to break I think... but i'd wish...

[TraderJoe]

Still maintaining projected low between Nov.7-10th

SPY puts 145.png

SPY Puts 145 strike...
fractal?

I like your charts, I trade options...

[TraderGirl]

Still maintaining projected low between Nov.7-10th

SPY puts 145.png

SPY Puts 145 strike...
fractal?

I like your charts, I trade options...

Nice chart toddy...its' possible that if Friday the 9th, we get a big sell off, we could see the low on the 12th...so I am seeing either the low on the 7/8th or the 12th...

[Me XMan]

Are you holding longs or shorts?

Power hour..Good! now lets trade again.

[TraderGirl]

My charts this week said down monday morning...rebound later...then tomorrow down into Weds...(very choppy)

[MrMiyagi]

My charts this week said down monday morning...rebound later...then tomorrow down into Weds...(very choppy)

I'd like to write dome GDX or TNA puts but kinda worried with a big dump after the elections.

[KENA]

Are you holding longs or shorts?

Power hour..Good! now lets trade again.

Holding one long now only..Small loss

[toddymc]

Still maintaining projected low between Nov.7-10th

The attachment SPY puts 145.png is no longer available

SPY Puts 145 strike...
fractal?

I like your charts, I trade options...

Nice chart toddy...its' possible that if Friday the 9th, we get a big sell off, we could see the low on the 12th...so I am seeing either the low on the 7/8th or the 12th...

Thanks, Joe and TraderGirl
Thinking 1st low 7-8th, then retest 12th ish...DBL bottom

Here' the SPY corresponding chart: possible 138 target? Excuse the fuzziness..
still tweaking my settings!

90 min. chart w/RSI 9

[stingrey]

Still maintaining projected low between Nov.7-10th

SPY puts 145.png

SPY Puts 145 strike...
fractal?

What is difference between your latest grey rectangle vs previous one...and did the previous one predict up in 4 days?

[KENA]

Are you holding longs or shorts?

Power hour..Good! now lets trade again.

Also I will be going short on the SPX and Financials..Not time right now but close..IMHO

[Petsamo]

ABX looks like it may be forming and inverted H&S

[toddymc]

Still maintaining projected low between Nov.7-10th

SPY puts 145.png

SPY Puts 145 strike...
fractal?

What is difference between your latest grey rectangle vs previous one...and did the previous one predict up in 4 days?

They are 3 1/2 trading days actually to first low projected around 10am pst
Then bouncy bounce... Maybe?---just speculating here!

[MrMiyagi]

I think them's boys are buying this market up here...
Must show a good face a day to Elections.

[TraderGirl]

Still maintaining projected low between Nov.7-10th

SPY puts 145.png

SPY Puts 145 strike...
fractal?

I like your charts, I trade options...

Nice chart toddy...its' possible that if Friday the 9th, we get a big sell off, we could see the low on the 12th...so I am seeing either the low on the 7/8th or the 12th...

Thanks, Joe and TraderGirl
Thinking 1st low 7-8th, then retest 12th ish...DBL bottom

Here' the SPY corresponding chart: possible 138 target? Excuse the fuzziness..
still tweaking my settings!

SPY.jpg

That's possible....Merriman has another turn date of Nov 12th, his dates can sometimes not be the extreme price but a higher low rather than "the" low. In either case I think we are very close to a low....I doubt we see the market fall off a cliff from here...I think we have seen the big moves already...

[Cobra]

the bias still is up.

[toddymc]

Well TraderGirl I kinda hope you're wrong!! Check this VIX chart... Convergences at that level
and completes a bear flag at green oval!!

Plus, it might give me another shot at them there puts!! $$$