10/30/2013 Live Update

[jack black]

Meanwhile down here in Peapatch, we continue to count our blessings. http://www.youtube.com/watch?v=jIfu2A0ezq0

I guess it goes both ways. Greedy insurance bastards trying to pull a fast one and blame on Obamacare. Very damaging to POTUS, no question about it.

[fehro]

another spike in the VIX 15m

[jack black]

Dollar stopped falling, is it what pushed the stocks over the edge?

[Al_Dente]

juice, 7 days

[fehro]

SPX 60m... channel break? or support 15m

[Cobra]

more precisely, targets on both sides.

Snake has always targets on both sides

The attachment Cobra.png is no longer available

usually I have 9 head, missed 3 head somehow today.

[Cobra]

support. still cannot say bear as always V shape reversal nowadays, so better more push down.

[Cobra]

ok, this bear shall have legs (first rebound usually would fail).

[stlwater]

Meanwhile down here in Peapatch, we continue to count our blessings. http://www.youtube.com/watch?v=jIfu2A0ezq0

I guess it goes both ways. Greedy insurance bastards trying to pull a fast one and blame on Obamacare. Very damaging to POTUS, no question about it.

Insurance companies are adapting to new market conditions created by government intervention. Fact is the promises made to the public were lies. Keep your doctor, keep your insurance, costs will come down. Middle class gets screwed again. Website sucks and how much did they spend on that PoS?

[Mr. BachNut]

Neutral.

My summation index signal is up.
My composite trend signal is up.

I missed my entries at the start of this run and have watched from the sidelines.
Even though this has been a wonderful runner, the risk return asymmetry has not been favorable for me to trade after the initial thrust.
So, I did not chase. It's a good thing Mr. Market never stops presenting new opportunities...

My signals remain constructive, but the summation signal has been quietly slinking toward neutral.
So, perhaps a post FOMC turn lies ahead. A lot of folks are looking for that I know; so something different may be in store.
Looking at the McClellan Study I posted awhile ago, we have gotten the divergence from the top that was expected.
These divergences aren't useful timing wise, but if they don't reverse, eventually the indexes give up their gains from the oscillator high.
While anything is possible (including a turn upward in the oscillator), so far this market appears somewhat analogous to the top labeled 1 (or maybe 2).
A big bar day like May 22 would add credence to that. We shall see.
Another consideration is that tomorrow is month end, and for a lot of fund managers, the mark to market point for year-end bonuses. Many such people now think Ben lives at the North Pole.
In any case, a new ball game starts for them next week and perhaps a change in attitude.

I may play a little FOMC volatility for fun, but I'll be watching the signals for guidance on more sizeable trade into week's end and next.

[fehro]

SPX 5m... looks lower trend lines will be hit

[Cobra]

volume surge, might see rebound here first which likely would be sold later.

[Cobra]

funny VIX, I wish it's true, otherwise nobody would be interested in my live update anymore, too boring, up everyday anyway.

[Al_Dente]

In the last week spy has printed a maximum of three red elders on a mini pullback b4 recovering
We are on #three red 15 min elders
Bears could take this if they only had the balls

[L_T]

In the last week spy has printed a maximum of three red elders on a mini pullback b4 recovering
We are on #three red 15 min elders
Bears could take this if they only had the balls

1030fifteen_png.png

It would take a nice move down to force my simple 30-min momo chart to abandon long. I assume your 30-min renko is in the same boat. Maybe we'll get that at 2pm? However if it's like the September meeting it's a blast-off into orbit.

[stlwater]

In the last week spy has printed a maximum of three red elders on a mini pullback b4 recovering
We are on #three red 15 min elders
Bears could take this if they only had the balls

The attachment 1030fifteen_png.png is no longer available

[Al_Dente]

stlw
LMAO

[fehro]

In the last week spy has printed a maximum of three red elders on a mini pullback b4 recovering
We are on #three red 15 min elders
Bears could take this if they only had the balls

1030fifteen_png.png

Nice chart!!

[knock]

In the last week spy has printed a maximum of three red elders on a mini pullback b4 recovering
We are on #three red 15 min elders
Bears could take this if they only had the balls

1030fifteen_png.png

why the one on the bear wears no pants?

[Al_Dente]

In the last week spy has printed a maximum of three red elders on a mini pullback b4 recovering
We are on #three red 15 min elders
Bears could take this if they only had the balls

The attachment 1030fifteen_png.png is no longer available

It would take a nice move down to force my simple 30-min momo chart to abandon long. I assume your 30-min renko is in the same boat. Maybe we'll get that at 2pm? However if it's like the September meeting it's a blast-off into orbit.

Senor Renko es bull boss
……….but one of these days…….
I just noticed the UPRO panel (below) on THIRTY min elders = no reds
thanks 4 making me check it