10/04/2012 Live Update

[victorm]

Gap down and buy to the close Friday?

100%

[MrMiyagi]

Nah, bad jobs numbers mean QE4!!!!

Or double QEinfinity....

[EvilTrader]

Dont You guys believe in the new normal, non-gravity QEInfinity world ?

Market Up up and away to elect obama...and BEYOND !

[fehro]

VIX daily .. on support.

[KeiZai]

Hmmm looks like russell completed 5th wave just after close....hmmm tempting

[ClarkW]

VIX daily .. on support.

Great chart Fehro! Never said anything but really appreciate all your charts, thanks!

[tradematti]

so much for your bearish bias to day.

[Al_Dente]

“California Gas Stations Begin to Shut on Record-High Prices”
http://www.bloomberg.com/news/2012-10-0 ... rices.html

[TraderGirl]

VIX daily .. on support.

Nice chart fehro...

[MrMiyagi]

[Al_Dente]

This is from the FULL TEXT of the FOMC

“…Option-implied volatility on the S&P 500 index fell in early August to levels not seen since the middle of 2007; it subsequently partially retraced….”
Guess what boardies: the FED is watching the VIX

Re-post full-text link (sooo boring) http://www.bloomberg.com/news/2012-10-0 ... text-.html

[TraderGirl]

This is from the FULL TEXT of the FOMC

“…Option-implied volatility on the S&P 500 index fell in early August to levels not seen since the middle of 2007; it subsequently partially retraced….”
Guess what boardies: the FED is watching the VIX

Re-post full-text link (sooo boring) http://www.bloomberg.com/news/2012-10-0 ... text-.html

Thanks for the info Al...

[Harapa]

This is from the FULL TEXT of the FOMC

“…Option-implied volatility on the S&P 500 index fell in early August to levels not seen since the middle of 2007; it subsequently partially retraced….”
Guess what boardies: the FED is watching the VIX

Re-post full-text link (sooo boring) http://www.bloomberg.com/news/2012-10-0 ... text-.html

We are in good company

[KeiZai]

Hey guys do u remember this post ? : viewtopic.php?f=2&t=690&p=98006#p98006


Here is new one

nothing big but direction is always good to know

[KeiZai]

Uempel btw here is the channel I am tracking in DAX

[TradingJackal]

DDD 38.2 retrace target met. It is free to see some weakness now. ClarkW, hope you lightened some and booked those profits!
The 61.8 retrace target is 40.xx but there is pressure from the weekly stochastic, SMA 5 and bb(14,2) midline, mid term it is not looking good for upside.
The daily stochastic (going up) should provide some short term strength to get to the 50% retrace at 38.50, which is also a touch of the daily bb(14,2) upper line.

Reading waves on this is pretty tough but looks like there may be one more wave to the upside.So you may be lucky tomorrow!

[ClarkW]

DDD 38.2 retrace target met. It is free to see some weakness now. ClarkW, hope you lightened some and booked those profits!
The 61.8 retrace target is 40.xx but there is pressure from the weekly stochastic, SMA 5 and bb(14,2) midline, mid term it is not looking good for upside.
The daily stochastic (going up) should provide some short term strength to get to the 50% retrace at 38.50, which is also a touch of the daily bb(14,2) upper line.

Reading waves on this is pretty tough but looks like there may be one more wave to the upside.So you may be lucky tomorrow!

Thanks TradingJackal! Of course I haven't yet but will probably do so tomorrow

[dborsh83]

DAX bearish reversal bar (assume it could close right here of course) might mean the rebound is near end, the price would try the previous low again.