11/07/2012 Live Update

[BullBear52x]

paging KeiZai,
Here is the go area. Note: INTC is not helping, MU is buy next dip. gtg

[Cobra]

members only update at 12:46 pm
http://www.cobrasmarketview.com/2012/11 ... ay-update/

[uempel]

A break of today's low might be quite bearish. Initially I did not notice the importance of today's 1388, I would have longed....

Hey guys, why didn't anybody cry out

[fehro]

have nice hammer on the SPX 60m at today's low.. another view. Triangle chop till the fiscal cliff?

[Cobra]

here comes the resistance. cannot believe the rebound are so strong today.

[MrMiyagi]

here comes the resistance. cannot believe the rebound are so strong today.

Obama has to show strength! I think he slept in this morning though...

[Cobra]

volume surge, wait to see if this is the end of the rebound or the end of bear!

[MrMiyagi]

Now there are 4 pbars on SPY, same levels.

[MrMiyagi]

QQQ

[TraderJoe]

Hi TraderGirl,
The chart you posted on the SPX was dead on down to the C4 mark around 1388 and you show on the chart an up move-5 to around 1500.

If you get time, could you make a SPY chart like the SPX chart???

Thanks in advance if you have time
TJ

Never mind, I see you posted another chart.
Thanks

[TraderGirl]

SPX...This is a possibility...we are either at the low today or next Monday me thinks...

[Cobra]

wait. battle unresolved yet...

[esTrader]

SPX...This is a possibility...we are either at the low today or next Monday me thinks...

The whole correction is over. Please look at the corrective triangle option. You'll find out.

[TraderGirl]

Hi TraderGirl,
The chart you posted on the SPX was dead on down to the C4 mark around 1388 and you show on the chart an up move-5 to around 1500.

If you get time, could you make a SPY chart like the SPX chart???

Thanks in advance if you have time
TJ

Never mind, I see you posted another chart.
Thanks

I haven't looked at my SPY chart for some time, but I had this downsloping trendline drawn and it respected that line as support today...

[fehro]

a little invs H&S? fwiw.possible pos div forming on the 60m.

[TraderGirl]

SPX...This is a possibility...we are either at the low today or next Monday me thinks...

The whole correction is over. Please look at the corrective triangle option. You'll find out.

Can you please explain?

[esTrader]

SPX...This is a possibility...we are either at the low today or next Monday me thinks...

The whole correction is over. Please look at the corrective triangle option. You'll find out.

Can you please explain?

I could not attach the chart here. Please look at $OEX chart. You'll find out a corrective wave A-B-C with wave C being an ending wedge (slightly undershot). Hope this helps. The key thing is that $NYMO has a positive divergence to support the view that the bottom is IN.

[Cobra]

battle still on, now favors bulls (for very short-term of course).

[gappy]

Consumer Credit (future spending) in a few minutes.

[fehro]

Consumer Credit (future spending) in a few minutes.

3:00pm ET.. another hour? yet?