10/10/2013 Live Update

[Mr. BachNut]

P-Bar reminder.
These P-bar targets may now be in play for the Dow if this rally has some legs.
Thanks Miyagi!

Absolutely no guarantees of course. Just possibilities.

[gappy]

Hightower daily blurb for fun only. glta.

gold.PNG

Credit default swaps on U.S. debt are normally contracted to payoff in euros, but you can write the contract to payoff in another sovereign currency or in gold. Gold is already allowed by derivatives exchanges to satisfy collateral calls on derivatives. Usually the payment in the event of default is based on the price of a treasury bond, but you can create binary credit default swaps that pay off 100% of the notional amount in the event of a technical default.( From http://www.tavakolistructuredfinance.co ... reasuries/) "it turns out that in August there were 300 tonnes of gold bullion shipped to Hong Kong from the US and Switzerland." from http://jessescrossroadscafe.blogspot.co ... report.com

[knock]

XLU looks fine with me, until its bottom is taken out and then the big triangle will do its job.

[fehro]

SPX 60m.. near the channel trend line. Will it hold or break above?.. possibly making a larger channel, head fake similar to yesterday... or chop around.. and make another inverse H&S (or triangle) pink neckline next week. oh, mind the open gaps!

[Cobra]

members only update at 10:25 am
http://www.cobrasmarketview.com/2013/10 ... ay-update/

[fehro]

backtesting the uptrend Nov 2012 uptrend on the SPX daily.

[Cobra]

2nd test of day high, key time. I'm neutral here.

[TWT]

$SPX: Now we have more clarity regarding the pattern off the September high

[gappy]

tsys.PNG

[fehro]

The attachment indu101013.png is no longer available

So to me this looks like a perfect head and shoulders top with a test of the neckline on the DOW. If the neckline breaks then we have two possible targets. The measured move and the one with Bulkowski's percentage. Either way we know the direction and the range IF we break the neckline. This is on the weekly chart.

yeah, noticed that as well.. here's my take.. could still inch a bit higher..

[uempel]

Checking in on this 5 min chart with the red grid:

[Al_Dente]

Pre-open:
Initial Jobless Claims were 374k v estimates of 370k
red
nobody cared?

[fehro]

SPX 60m..

[uempel]

Speaker Boehner is about to talk - might move the market.

[Cobra]

my guess. I think the market acts like child.

[Al_Dente]

my guess. I think the market acts like child.

LMAO

[Mr. T]

"We're never going down again!"

[L_T]

my guess. I think the market acts like child.

You've gotta explain that one.

[Al_Dente]

It’s official: Can-Kicking

[Cobra]

It’s official: Can-Kicking

and we're going all time new high again?