10/01/2012 Live Update

[fehro]

fill the interday gap?

[Harapa]

IWM is close to busting Friday's low

IWM and Qs are petty muddy, I'm done with them, buying FAS and SSO for now.

FAS chart, please

[KeiZai]

Uf what a day

DAX chart (from the morning - not updated) we did a corrective move from the lows in 3 waves exactly to 61.8 (C) so IMO we are now in the bigger C wave down see weekend chart with SP500 : download/file.php?id=29440&mode=view (we got a B wave little bit sooner but that´s beauty on the market )
so C wave could go now only to 1395 or so
DAX

I´m done today

AL (I will send u PM in comin´days )

GL crew

[BullBear52x]

Fib SPY 144.33 is key to note on my line.

[TWT]

SPX: Follow up of the short term count

[gappy]

sc.png

Next day lower after doji's.

[uempel]

Al, I'm more comfortable with Baron's view, don't understand the data Morningstar was showing.

Statistics can be so tricky. Recently I saw two statistics on the some issue, both with completely different results. I did some research myself and discovered that both were wrong. Both guys had picked the wrong universe. Their conclusions did not make sense.

Lesson is clear: We don't know the guys who make these statistics, we don't know how good they are, don't know if there is some supervisor who carefully checks their assessment of the data...

[Petsamo]

IWM is close to busting Friday's low

IWM and Qs are petty muddy, I'm done with them, buying FAS and SSO for now.

IWM busting Friday's should drag the rest of the market down

[BullBear52x]

IWM is close to busting Friday's low

IWM and Qs are petty muddy, I'm done with them, buying FAS and SSO for now.

FAS chart, please

what time frame? swing? here is one for swing

[Harapa]

IWM is close to busting Friday's low

IWM and Qs are petty muddy, I'm done with them, buying FAS and SSO for now.

FAS chart, please

what time frame? swing? here is one for swing

Thanks. So its buy this morning also failed?
Do you have one for 60 min?

[davegordon14]

I hadn't taken a look at this chart in a few months. It was the AAPL "bump and run" chart you were looking at during the huge rally in Q1. Wondering how you (and others on the board) view this? Looks like we've retested the trend line every two or three months before another rally. Would we normally see the run continue, or does this bode poorly for the shares? Appreciate any thoughts.

http://stockcharts.com/c-sc/sc?s=AAPL&p ... 410&r=4205

[uempel]

This is a very, very wild guess and I'm not going to trade it - but I do have a good signal for 2:00 p.m and it might be to the upside.

[KeiZai]

The russell chart, clear sell high, buy low

[BullBear52x]

IWM is close to busting Friday's low

IWM and Qs are petty muddy, I'm done with them, buying FAS and SSO for now.

FAS chart, please

what time frame? swing? here is one for swing

Thanks. So its buy this morning also failed?
Do you have one for 60 min?

Yes, buy failed, 60min. I just use it to get the sense of H/L of pricing level

[BullBear52x]

The russell chart, clear sell high, buy low

Thanks boss, like your weekly plan of weekenders.

[Cobra]

consolidation here doesn't look good for bulls FOR NOW, but I'll give bulls more times.

[Cobra]

hopefully it's a double bottom here.

[MrMiyagi]

gap up,

Nice NYAD chart, I look at patterns like that as well...

[Harapa]

Yes, buy failed, 60min. I just use it to get the sense of H/L of pricing level

Thanks

[Al_Dente]

30 min