10/02/2012 Live Update

[TraderGirl]

RUT looks like it's waiting for wave 5 low.....then abc up??

[uempel]

Update:

[Cobra]

wait, I'm neutral here because it could be 3 push down already, so now it's time for 2 legged rebound.

[EvilTrader]

Here's another one
http://www.ritholtz.com/blog/2012/10/se ... arishness/

thanks fehro[/quote]

This chart suggests bearishness is significantly greater now then at any time in the last 27 years including 2008/2009 when the financial system was in crisis.
That is remarkable. [/quote]

Keep in mind...

The Sell Side Indicator is based on the average recommended equity allocation of Wall Street strategists as of the last business day of each month

Could be trading strategies have changed in the last 15yrs with HFT, etc.[/quote]

Could be. I actually do agree with the idea that equity allocation weightings are low. I have talked to a handful of professional asset managers (not hedgies but conservative long only prudent investor types) since Labor Day. Most confessed to being overweight cash and expressed a desire to put it to work. This (along with the large commercial hedger short position) suggest to me that there is a floor under any correction and that there will be demand into year end. [/quote]


Watchout for time-frames.

These multi-year sentiment contrarian plays work better with longer-term setups, not day-trading or swing trading.

However, its ok to keep that info in mind.

[TraderGirl]

TMF/TLT...should we get a move down tomorrow, could see the final wave 5 up, then abc down before more up??

A move up would possibly give neg d signals for a move down afterwards...

[uempel]

Update, close-up:

[Me XMan]

Looking like SPX 1440 is the line ....

[Cobra]

OK, this rebound proves indeed it's a 3 push down, now it's time for 2 legged up.

[TraderGirl]

So far...EOD bounce as chart suggested....

[Harapa]

Update, close-up:

VIXIES tilted towards Bulls in the last 5 minutes but all setups remain in sell mode!

[MrMiyagi]

Anyone else think that AAPL will have a run into earnings that are in 23 days?

If not.. then state reasons or Mr T will kick your arse.

[TraderGirl]

/DX found support within the channel...

Looking for neg d on the next potential move up??

[uempel]

Update, close-up:

VIXIES tilted towards Bulls in the last 5 minutes but all setups remain in sell mode!

Yeah, unless 1448ish is broken to the upside.

[Al_Dente]

Update, close-up:

VIXIES tilted towards Bulls in the last 5 minutes but all setups remain in sell mode!

Yeah, unless 1448ish is broken to the upside.

Uempel u nailed that one…once again
http://www.youtube.com/watch?v=dh57sCPj ... re=related

[TWT]

SPX : leading diagonal??

[Cobra]

rebound strong, so again proves it'd be at least 2 legged.

[Harapa]

Very good BB52X Tick Tick sell setup but time is short

[uempel]

Al, you sure know what kind of music I like, thanks

Update, close-up:

VIXIES tilted towards Bulls in the last 5 minutes but all setups remain in sell mode!

Yeah, unless 1448ish is broken to the upside.

Uempel u nailed that one…once again
http://www.youtube.com/watch?v=dh57sCPj ... re=related

[L_T]

TMF/TLT...should we get a move down tomorrow, could see the final wave 5 up, then abc down before more up??

A move up would possibly give neg d signals for a move down afterwards...

I saw you mention TMF the other day and have started watching it. It is at an interesting inflection point here at 38.2 fib retracement and trend line resistance. What direction will it take???

[Harapa]

Very good BB52X Tick Tick sell setup but time is short

VIXIS scalp buy ON, but again time is short