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10/25/2017 Live Update

Re: 10/25/2017 Live Update

Postby Al_Dente » Wed Oct 25, 2017 2:28 pm

“stocks pare losses”
But hey, it ain’t over ‘till its over
Bears still have a 3x and 2x bias… but dropping fast as the shorts cover

1025b.png.png
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Re: 10/25/2017 Live Update

Postby Trades with cats » Wed Oct 25, 2017 2:46 pm

This is the deepest pullback since we bottomed. Could be the longs are now covering. Based on the past I would guess we bounce along in a range here at the bottom of the 20 day Average Daily Range low, but it is a pure guess.
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Re: 10/25/2017 Live Update

Postby Al_Dente » Wed Oct 25, 2017 2:49 pm

early HAPPY HOUR
“They don’t ring a bell at the top”
https://www.youtube.com/watch?v=xEMjTtaTzB8
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Re: 10/25/2017 Live Update

Postby Shaishen » Wed Oct 25, 2017 2:54 pm

Al_Dente wrote:“stocks pare losses”
But hey, it ain’t over ‘till its over
Bears still have a 3x and 2x bias… but dropping fast as the shorts cover



Local evening news need the DOW at less than 100 points loss - (in perspective that is 1/2% - solidly above 23K)

1 hour to get there..

.
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Re: 10/25/2017 Live Update

Postby Cobra » Wed Oct 25, 2017 2:59 pm

pullback will be bought
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Re: 10/25/2017 Live Update

Postby Trades with cats » Wed Oct 25, 2017 3:05 pm

ES 12-17 (1000 Tick)  10_25_2017d.jpg

Sorry, less mouth more charts.My feeble attempt at Cobra's measured move boxes. Do note the +DI in blue snake dancing with the -DI in red down in the ADX box at the bottom. It seems that which ever drops below 15 is the looser but at this time the ADX line is dropping down into the 'we have no momentum meaningless noise trading range area'. Maybe we get a Ramp Express when the ETFs (whoops can't type) start their end of the day balancing, assuming the retail crowd put in massive buy orders. :lol:
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Re: 10/25/2017 Live Update

Postby te_fern » Wed Oct 25, 2017 3:16 pm

Can it break above the line and start climbing higher??
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Re: 10/25/2017 Live Update

Postby Al_Dente » Wed Oct 25, 2017 3:18 pm

I think the market is reacting to every “leak” about the Tax Plan negotiations
They’re still struggling with eliminating the deduction for state and local taxes (the SALT deduction), as it only screws the high-tax states.
Their goal is some kind of “revenue neutral” bullshit
Somebody will get screwed
Gee I wonder who……….
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Re: 10/25/2017 Live Update

Postby Al_Dente » Wed Oct 25, 2017 3:27 pm

The channel on SMALLS has morphed into a kind of megaphone (tilted down), where both trendlines slope downward.
“Downward breakouts are quite rare”
“The breakout direction is upward 79% of the time.”
“…partial rises and declines predict the breakout direction...”
http://thepatternsite.com/dbw.html

1025megaphone.png.png
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Re: 10/25/2017 Live Update

Postby te_fern » Wed Oct 25, 2017 3:27 pm

Al_Dente wrote:I think the market is reacting to every “leak” about the Tax Plan negotiations
They’re still struggling with eliminating the deduction for state and local taxes (the SALT deduction), as it only screws the high-tax states.
Their goal is some kind of “revenue neutral” bullshit
Somebody will get screwed
Gee I wonder who……….


The possible reduction in the amount to contribute to 401Ks is also worrying the market....
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Re: 10/25/2017 Live Update

Postby Al_Dente » Wed Oct 25, 2017 3:30 pm

te_fern wrote:
Al_Dente wrote:I think the market is reacting to every “leak” about the Tax Plan negotiations
They’re still struggling with eliminating the deduction for state and local taxes (the SALT deduction), as it only screws the high-tax states.
Their goal is some kind of “revenue neutral” bullshit
Somebody will get screwed
Gee I wonder who……….


The possible reduction in the amount to contribute to 401Ks is also worrying the market....

:D
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Re: 10/25/2017 Live Update

Postby te_fern » Wed Oct 25, 2017 3:30 pm

It has broken up, lets see how far the market can go in 30 minutes...
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Re: 10/25/2017 Live Update

Postby Trades with cats » Wed Oct 25, 2017 3:47 pm

Oh No the 3:30 Ramp Express needs a new engine, they can't get it started! At least the traditional mid day melt up was working wonderfully today. And Cobra won't have to say same old same old tonight!

Wonder how the former Target Logistics guy who bets big against the VIX is doing today? :twisted:
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Re: 10/25/2017 Live Update

Postby te_fern » Wed Oct 25, 2017 3:50 pm

Didn't last long today....
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Re: 10/25/2017 Live Update

Postby Cobra » Wed Oct 25, 2017 3:50 pm


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Re: 10/25/2017 Live Update

Postby Cobra » Wed Oct 25, 2017 3:53 pm


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Re: 10/25/2017 Live Update

Postby Cobra » Wed Oct 25, 2017 3:55 pm

well, guess that's it for today. Thursday tomorrow has been bear friendly but up 3 of the last 4. thank you guys, I'll see you tomorrow.

before the close, please take a little time to vote for me, thanks. https://stockcharts.com/public/1684859/tenpp
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Re: 10/25/2017 Live Update

Postby Trades with cats » Wed Oct 25, 2017 4:01 pm

New to me slang term from Zerohedge article on Chinese volatility
"The developments have left China’s armies of retail investors - nicknamed “jiu cai,” after the leaves of Chinese chives that quickly regenerate - increasingly disillusioned."
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