12/08/2017 Live Update

[Shaishen]

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.....

"but I find his if, buts and watch outs very confusing to make a decision on."


hence Pretzel Logic

"Rikki Don't Lose That Number"

.

[te_fern]

Semi's have just continued on down...

[Shaishen]

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.

Micro profile supports this idea, Might even overshoot a little. Need a catalyst for this move but I am sure in these exiting times something will ruffle the algos

[Trades with cats]

Coolbizone is good about posting the final results, win lose or draw. He and Pretel are the only ones I have found who actually use Elliott Wave (more or less) to trade. Seems everybody else just makes long term predictions and sells newsletters.

[Al_Dente]

HAPPY HOUR

[Shaishen]

http://www.zerohedge.com/news/2017-12-0 ... ile-dollar

Blain actually said that in the same sentence..?

"If its central banks you object to, let’s have a private cryptocurrency based on gold, or oil, or something else tangible… but based on some computer babble? Not for me.

On the other hand, the long-term possibilities that BTC exploits in terms of Blockchain distributed ledgers are very real. Blockchain applications are going to utterly change finance.."

[Al_Dente]

MarketWatch
— 1:17 PM ET 12/08/2017
While 22 of the Dow Jones Industrial Average's 30 components are contributing to the Dow's rise Friday into record territory, more than half the gain is coming from just two stocks. UNH rose $3.93, or 1.8%, in afternoon trade, to add about 27.1 points to the Dow's price, while the $2.60, or 0.9%, climb in BA added 17.9 points. The combined add of 45 points was a little more than half the Dow's current gain of 85 points. The next biggest contributor was MSFT, which was up $1.67, or 2.0%, to contribute about 11.5 points. The biggest weight were the shares of MMM , which fell $2.25, or 0.9%, to shave about 15.5 points off the Dow.

[Al_Dente]

Aggressives v Defensives
Percent change on the week (5 days, 5 min)
Best of the week: financials (red)
Worst of the week: gold miners (gold dash)

[te_fern]

Another day of sideways action, just at a higher price....

[Trades with cats]

Even more boring when viewed from Renko land.

[Cobra]

members only update at 3:53 pm
http://www.cobrasmarketview.com/2017/12 ... ay-update/

[Cobra]

well, guess that's it for today. Monday has been mixed. thank you guys, I'll see you in another thread soon.

before the close, please take a little time to vote for me, thanks. https://stockcharts.com/public/1684859/tenpp