12/08/2017 Live Update

[te_fern]

A review of the classic “Trading Rules” updated to include bitcoin:
http://www.zerohedge.com/news/2017-12-0 ... g-anything

Nice read, thanks!

[te_fern]

Made it back to the 2nd pivot resistance, see if it will hold??

[Al_Dente]

A review of the classic “Trading Rules” updated to include bitcoin:
http://www.zerohedge.com/news/2017-12-0 ... g-anything

Nice read, thanks!

[te_fern]

Pasta Boss, what trading day did the Almanac say to start scaling into the market for the late December/January potential rally??

[te_fern]

VIX showing no concerns right now....

[te_fern]

Semi's sure aren't participating in this rally.....

[Al_Dente]

Pasta Boss, what trading day did the Almanac say to start scaling into the market for the late December/January potential rally??

http://jeffhirsch.tumblr.com/post/16819 ... -usually-a

[Cobra]

this bull shall still have legs.

[fehro]

headlines.. looked all rosy for China this morning? XLY0- Shanghai $SSEC W/D .. <20w/50w/20d nears 50d and 2yr uptrend .. china going to break first?

http://www.zerohedge.com/news/2017-12-08/hartnett-every-time-chinese-yields-hit-4-crash-happens

Which assets are likely to be impacted the most once this Chinese bubble pops? Two suggestions according to BofA are cryptos and/or emerging markets...

[Cobra]

the pullback will be bought.

[Shaishen]

A review of the classic “Trading Rules” updated to include bitcoin:
http://www.zerohedge.com/news/2017-12-0 ... g-anything

Nice read, thanks!

Kind of ironic observation coming from a SAC Capital guy

"Trading means admitting you aren’t the smartest person in the market. Someone always knows more than you, and chances are good they are acting on knowledge you don’t have."

.

[te_fern]

Pasta Boss, what trading day did the Almanac say to start scaling into the market for the late December/January potential rally??

http://jeffhirsch.tumblr.com/post/16819 ... -usually-a

Thanks Boss! The hard part is whether today is the beginning of the rally or will we have another pull-back next week. Would have been easier to have had the sell-off continue. But, the market never likes to make it easy!! LOL!

[te_fern]

The TICK for the Qs isn't as strong as the big board today....

[Trades with cats]

Both wave counters I read see a reasonable chance of testing the General Flynn low before moving into the year end rally. In fact Pretzel Logic says the move from the high can be counted as both an impulsive and a corrective at this point.

[te_fern]

Both wave counters I read see a reasonable chance of testing the General Flynn low before moving into the year end rally. In fact Pretzel Logic says the move from the high can be counted as both an impulsive and a corrective at this point.

TWC, who's the other wave counter? I follow PL too. Thx!

[Al_Dente]

Some sectors, TWO DAYS ONLY
“P-bars” on XLY are quite unusual
[add two notes: 1) yes, AAPL is now its own sector, and 2) there is something in the tax bill that benefits utilities, so sorry, i don't remember what exactly it is]

[Trades with cats]

I follow coolbizone , coolbiz1 on twitter these days. He went short after the jobs report then got stopped out.

[Cobra]

possible double top.

[te_fern]

I follow coolbizone , coolbiz1 on twitter these days. He went short after the jobs report then got stopped out.

Actually follow him too. PL is amazing, but I find his if, buts and watch outs very confusing to make a decision on. He always comes back later and says he's right, but at the original forecast he gave a lot of warnings.....

[Cobra]

target met. now 15 min ema20, maybe rebound?