11/07/2012 Live Update

[KENA]

Hi Al_D..Checked in late.. See you are now 1 year older..Have a great Birthday..They only happen once a year.

[Petsamo]

There's a p-bar on USO pointing to above $32

[uempel]

Yeah, and I bought some new longs at 7375, because I was expecting a good-bye kiss - a few minutes later I was lucky to get out without too much downside

im expecting a bounce then down to 7200ish

Yes, I've got support at 7200 too. But the weekly indicators are turning negative and I'm not sure 7200 is going to hold

[jarbo456]

Jarbo, you were right yesterday:

Jarbo.png

Jarbo1.png

it's a good chart. i like your fib sequence averages you use.

[ClarkW]

Seasonality charts for oil and gasoline

[fehro]

touch lower for a bounce?

[1der]

puke coming

[Petsamo]

I don't understand why the Hang Seng & India rallied last night. Obama's re-election was a lock long before their markets closed.

[BananaStand]

Well, there goes AAPL.....

[pezhead9000]

What's the rule on catching falling knives??

[fehro]

the neckline could be subject to revisions... could be more horizontal... and located here. fwiw... but looks like a clean break, but volume is lacking..

[johnnywa]

Am I the only bear here today?

and you thought they were all

Shorted at high yesterday,then watching futes dive last night,then woke up to green futes thinking NOT AGAIN!!!

[ClarkW]

Interesting chart on China (very long-term) from elliottwave.com
I'm not an EWT, sharing simply for the valuation aspect although I recognize the argument of not trusting China's data

[Cobra]

volume surge, so another rebound here which should be larger than the previous one but still this rebound most likely would fail.

[TraderGirl]

We are at the levels I thought we were going to get too...some are calling for 1380...??

Took my profits for now...

[Petsamo]

Interesting chart on China (very long-term) from elliottwave.com
I'm not an EWT, sharing simply for the valuation aspect although I recognize the argument of not trusting China's data

China does not have the mess that US & Europe have

[uempel]

Update of the weekly with BB13/1:

[ClarkW]

Interesting chart on China (very long-term) from elliottwave.com
I'm not an EWT, sharing simply for the valuation aspect although I recognize the argument of not trusting China's data

China does not have the mess that US & Europe have

True Petsamo but their room is not clean...just messy for other reasons

[silversurfer]

Merlin NN:http://chartsedge.com



Raja's 139 cycle Low on 11/9 http://timeandcycles.blogspot.com/


Helge's intraday http://www.cyclelt.com/INT.htm

[MrMiyagi]

'mornin kids.