10/24/2013 Live Update

[DellGriffith]

re: Fehro sentiment graph

So massive bullish sentiment everywhere except this board I guess!

[uempel]

Looking at DAX:

[Cobra]

3rd test of day high, looks like this market wants to go up.

[Al_Dente]

GOLD
“In an open letter to the World Gold Council… Eric Sprott … excoriates the group for abetting the decline in gold prices with faulty statistics, mostly as it relates to Asia. The WGC pegs gold production at a robust 2.8K tons this year, but this includes gold mined in China and Russia which is used solely for domestic demand, says Sprott. Adjusting for this, Sprott sees total mine supply this year of 2.14K tons. Making adjustments to better represent consumption from emerging markets, Sprott sees annual demand of 5.2K tons, and thus supply being about 3K tons in shortfall.”
"I urge the leaders of the WGC, for the benefit of their own members, to improve the quality of their data and find alternative sources than the GFMS, which paints a misleading picture of the real demand for gold. This lack of quality information has certainly been one of the driving factors behind the lack of investors’ confidence towards gold as an investment."
http://www.sprott.com/markets-at-a-glan ... body&app=n

[Caveat: Sprott sponsors PHYS and PSLV]

[Cobra]

breakout, I guess.

[KENA]

Looks like my high PB up to 175.18 is about to be filled..Then lets see.

[jack black]

re: Fehro sentiment graph

So massive bullish sentiment everywhere except this board I guess!

Haven't you heard, we are smart money here, LOL.

[jack black]

Weird, financials are not confirming the spike in stocks in the last half of hour.

[fehro]

re: Fehro sentiment graph

So massive bullish sentiment everywhere except this board I guess!

Guess there's still way more room for bullishness... well when you are in the bubble phase...... 2000 ... not so much in 2007

[L_T]

breakout, I guess.

Perfect description of how I feel about the action today.

[KeiZai]

Potential triangles in SPX-DAX, not sure atm as this is still too choppy with likely c-wave down to come viewtopic.php?f=2&t=1099&p=145616#p145616

update

[BigChief]

Small little gap to fill on the SPY before the next down wave perhaps?

[daytradingES]

Hi Cobra
A question on point 2
thanks in advance.

[joegamma]

anybody following barclay suggestion to sellTLT?
looks like rate decline may be ahead of reality, unless Ben and Janet show say "no-taper, ever!"

[fehro]

re: Fehro sentiment graph
So massive bullish sentiment everywhere except this board I guess!

Guess there's still way more room for bullishness... well when you are in the bubble phase...... 2000 ... not so much in 2007

And it takes how many bears to make a bottom? 2009...

[jack black]

anybody following barclay suggestion to sellTLT?
looks like rate decline may be ahead of reality, unless Ben and Janet show say "no-taper, ever!"

Bonds are VERY oversold on long term charts, so it makes sense they will bonce some.

[TWT]

$SPX: This is an overlapping bounce. It should establish a lower high

[finman66]

re: Fehro sentiment graph

So massive bullish sentiment everywhere except this board I guess!

I very rich man once said .......... “Be Fearful When Others Are Greedy and Greedy When Others Are Fearful”

[uempel]

I guess resistance at the grey trend line will be broken - and be followed by some crazy short covering

[nightwolf]

Fehro,

Where did you get that spreadsheet from?