11/28/2012 Live Update

[TraderGirl]

SPX: Impulsive up leg ===> The correction is over

That looks like a triple zig zag, wave 3 cannot be the shortest wave...

[TWT]

SPX: Impulsive up leg ===> The correction is over

That looks like a triple zig zag, wave 3 cannot be the shortest wave...

so far it is not the shortest

[SB73]

SPX: Impulsive up leg ===> The correction is over

Doesn't this suggest a 50% type retrace is now due so that the next up leg can begin?

[Al_Dente]

To get to the 11/23 high took an up-to-down-volume-ratio of 12 to 1
To get to today’s same high took an up-to-down-volume-ratio of 3 to 1
Conclusion: well its hard to call 3:1 wussie……… but it’s wussie by comparison

[TraderGirl]

Still no pos d on hourly RSI on Dow...if weekly chart is still correct, market pulls back from open tomorrow.....

We'll see...

[Cobra]

members only update at 3:57pm
http://www.cobrasmarketview.com/2012/11 ... ay-update/

[TraderJoe]

Short SPY @ 141.53

[TWT]

SPX: Impulsive up leg ===> The correction is over

Doesn't this suggest a 50% type retrace is now due so that the next up leg can begin?

yes 0.382 - 0.5 if the market remains strong

[KeiZai]

Hmmm hard to make decision here I feel there is more upside but gut feeling is saying me this should be the trap

Staying long but ready to short this pig in europe season if needed

Have a nice rest of the day guys and gals!

[Cobra]

well, guess that's it for today. members should now know what I thought. thank you guys, I'll see you tomorrow.

before close, please take a little time to vote for me, thanks. https://stockcharts.com/public/1684859/tenpp

[Denali92]

Cobra,

Your market outlook tonight is going to be a REALLY interesting one....

I am looking forward to reading all that you dig up - outside day higher on a full moon ....

Should be quite something....

THANKS!

-D

[500spx]

Strong day....but
I made a SHORT in the end-of-session. Stochastick tell me the way.

[Cobra]

Strong day....but
I made a SHORT in the end-of-session. Stochastick tell me the way.

Please no ad your own blog here. thanks.

[daytradingES]

Long 2 contracts at 1400.50... Not a recommendation.

Out at 1403.50.

Good stuff skittle +$300!!

[daytradingES]

For tomorrow:

Looking for a run of stops above the 1409 level either in o/n or morning and then down.
(clearly the est of the o/n is wrong the 1410 area for the high and then perhaps a 10 pt range - not worth changing as I do it in the morning.)
NTA
IHIH