09/27/2012 Live Update

[Cobra]

biggest bar, volume surge, ema20, so might see rebound here, then we'll see.

[Me XMan]

It's the same game all over again. It's teflon market. Bad news won't hurt it.

The Econ news this morn was poor so the mkt is up,I guess that adds..To many shorts out there for the mkt to go dn must get rid of a few first. Lets see.

[Jack12]

Still in wave 4? abc up....usually c wave has 5 waves so could end sooner rather than later....

can also be abc up....

Im thinking that the 5th down was truncated, gap up =A now we on B. I think before the gap is closed we will turn up for C maybe a 145ish

[SB73]

UNG hit target of 21 possible pullback to mid bollinger band or just keep running. Out of 1/2

[ClarkW]

seems like we've quickly went from "market can't go down" to "market must go down"

Can't & Must are two words that have to be responsible for more trader blow ups than all the cocaine fueled trades Wall St ever saw back in the late 19080's

No doubt Tutti

[Petsamo]

IWM isn't far from setting a lower low. It can't possibly set a lower low on the first run. It should bounce first

[TraderGirl]

Well, that is always a possibility, but astro's and other charts are saying more down into tomorrow, so I am assuming we get the wave 5 down, I may be wrong....I guess we will see later today or tomorrow....

[TraderGirl]

Still in wave 4? abc up....usually c wave has 5 waves so could end sooner rather than later....

can also be abc up....

Im thinking that the 5th down was truncated, gap up =A now we on B. I think before the gap is closed we will turn up for C maybe a 145ish

Sorry, Jack12, this was my response to you:
"Well, that is always a possibility, but astro's and other charts are saying more down into tomorrow, so I am assuming we get the wave 5 down, I may be wrong....I guess we will see later today or tomorrow...."

[Cobra]

rebound as expected. I have no idea where the market is to go, so I'm neutral, it's a range day looks like.

[fehro]

SPX 5m ....should we chop around until friday afternoon... possible triangle forming.. very speculative at this point.

[KeiZai]

Descending triangle in dollar?

Possible S&P count

[TraderGirl]

Another boring day??

[Jack12]

Still in wave 4? abc up....usually c wave has 5 waves so could end sooner rather than later....

can also be abc up....

Im thinking that the 5th down was truncated, gap up =A now we on B. I think before the gap is closed we will turn up for C maybe a 145ish

Sorry, Jack12, this was my response to you:
"Well, that is always a possibility, but astro's and other charts are saying more down into tomorrow, so I am assuming we get the wave 5 down, I may be wrong....I guess we will see later today or tomorrow...."

Ive got wave 2 as 9hrs and 0.62 retrace, so expecting a 4.5hr or 18hrs 0.382 retrace for 4

[BullBear52x]

Over sold, but no bullish cross on MACD, bear flag still in play. lots of air below 143ish.

[Me XMan]

I don't think Benny will let market down before election day.
He knows if BO wins and very likely, he'll stay for another term.
SPX could hit 1500 as election day near IMO.

BTW, long SPY $143.60

Over sold, but no bullish cross on MACD, bear flag still in play. lots of air below 143ish.

[Tabby]

does anyone see a low of 653.49 for AAPL in today's chart? Mine printing low 653.49 but I don't see it in my chart anywhere.

[Tutti]

does anyone see a low of 653.49 for AAPL in today's chart? Mine printing low 653.49 but I don't see it in my chart anywhere.

Todays LOW print 660.35 on TOs and MS

[BullBear52x]

Is this a real trade? P=bar with the high volume? Hmm...

[Cobra]

testing morning high, a sudden strength, hmm. I'm still clueless.

[Claire]

Tabby - I've been trying to check the same thing -- I don't see less than 660 as the early am low, but it's 653.49 on stockcharts and AT streamer. I don't see a p-bar either.