09/20/2012 Live Update

[Petsamo]

My spreadsheet indicates a gap up but there's a last sell of 6.06 million on the SPY.

[MrMiyagi]

Also, if you had very deep pockets and inside info (i.e. power) and you KNEW with 99.7 % certainty that events were
about to take place that would send oil sky-rocketing, would you

a) Rush in and buy with both fists OR
b) Shake the tree first, shake out weak hands and then back up the truck at the discount prices.
??

If I was a printer (cough*Bernank*cough), shake it until they all drop and then buy at a deep discount. Better bang for still wet money.

[TWT]

SPX: Apparently it looks bullish but the internal structure suggests something else

[ClarkW]

Last stick on FAZ has me now thinking move above trendline 15 minutes earlier was a trap. That's a good size red stick

SORRY posted wrong chart but fixed

[ClarkW]

Chart from kimblechartingsolutions.com on US Dolla

[TradingJackal]

Today looks like a 1,2,1,2. Big gap up and go for wave 3 tomorrow.Most action should take place early in the morning as Fridays, though bullish, can be choppy slow, perfect for wave 4s.

[daytradingES]

anybody on the board want to throw a little analysis on CORN. I am effectively positionless with a light long SPY.

I have been tracking corn ZC futures with an eye to trading it.
However, I was to slow to catch the bull drought market.
Now I am waiting fore the roll-over, though I have never traded post drought (last big one in 1961??).

I had 744 (midpoint RTH) as line in the sand for the creeping roll-over.
It is in the area and has a temporary (?) bounce above the low 748.25.

My thoughts are to wait until it has a weekly close below 748.25.

If I get enough time I'll post something tomorrow - but behind schedule for today.

[TradingJackal]

Been a while since we got a Wolfe. Ratios are 127.2 extension. Touch of the red line.

[737controller]

Anyone know how index rebalancing affect the underlying etf performance wise in the past. Such as qqq with apple so heavy in it.