10/02/2012 Live Update

[KeiZai]

Anyone trading SODA? I had it on watchlist for today but forgot about it

Neckline retest was good shorting entry point, target is 30 but RSI is too low to enter now

[KeiZai]

Easy guys buy low sell high when flag break, then sell more

[Me XMan]

Short it since $42.

Anyone trading SODA? I had it on watchlist for today but forgot about it

Neckline retest was good shorting entry point, target is 30 but RSI is too low to enter now

SODA.png

[BullBear52x]

Trend lines.

[TradersF]

The pressure is building! Something gotta give...........

[KeiZai]

Short it since $42.

Anyone trading SODA? I had it on watchlist for today but forgot about it

Neckline retest was good shorting entry point, target is 30 but RSI is too low to enter now

The attachment SODA.png is no longer available

That´s nice

So far TB30Y with triple top (means nothing until proven otherwise), until is under that level we are in boring zig zag conditions

[BullBear52x]

now bear flag watch.

[Al_Dente]

[MrMiyagi]

Nothing new to report.

[fehro]

longer term trends.. a tad messy. a little bullish descending wedge within possible descending triangle. fwiw.

[Me XMan]

Watch the bounce back up into the channel.

longer term trends.. a tad messy. a little bullish descending wedge within possible descending triangle. fwiw.

[BullBear52x]

FAS gets up to 107 will be nice.

[Al_Dente]

evil meets resistance, 30 min

[uempel]

I guess tomorrow's the day. Not sure about the direction, but I presume it' going to be a short squeeze.. Bye guys.

[Mr. BachNut]

I put some short on yesterday.
My summation index signal and my composite indicator signals went sell at the Friday close.
Yesterday's action started to whipsaw them in the morning but stayed in line.
While price was dramatic yesterday, the internals seemed comparatively quiet.
So, while I have a position, the technicals are more ambiguous than I would like.

I am anticipating there should be some rally in the days ahead.
Across markets a lot of stuff seems to be at support/resistance areas.
So, counter moves or consolidation would be natural.
I plan to work this position a bit rather than let it sit. Try and lift the basis.

I'll have a short bias though as long as my signals say so (with stops).
There is mounting evidence that we are in the neighborhood of a high of some kind.

[Al_Dente]

I will be really pizzzzzed if the shorts run for cover here

[Mr. BachNut]

Paging uempel.

I am wondering how your BPSPX Renko is looking.
Anything noteworthy on that front?
Thanks!

[BullBear52x]

I put some short on yesterday.
My summation index signal and my composite indicator signals went sell at the Friday close.
Yesterday's action started to whipsaw them in the morning but stayed in line.
While price was dramatic yesterday, the internals seemed comparatively quiet.
So, while I have a position, the technicals are more ambiguous than I would like.

I am anticipating there should be some rally in the days ahead.
Across markets a lot of stuff seems to be at support/resistance areas.
So, counter moves or consolidation would be natural.
I plan to work this position a bit rather than let it sit. Try and lift the basis.

I'll have a short bias though as long as my signals say so (with stops).
There is mounting evidence that we are in the neighborhood of a high of some kind.

I looked at SI also, using Elder impulse, it suggests a weakness ahead. so now we get weakening trend and price on both SPX and NDX per Elder impulse system.

[ClarkW]

Anyone playing NATURAL GAS? Looking for signs of going to the dark side and buy a little GASX but not frontrunning...

[daytradingES]

Nothing new to report.

MrMiyagi,

From watching the p-bars do they always fill in order?
For example if you have two unfilled bars first a high then a low,
does it alway fill in that order High and low?
Thanks