10/05/2012 Live Update

[deeko]

I'm just so confused by the market action. I'm not sure, but I think Cobra predicted a sharp move higher at the open and then a fade away for the remainder of the day. Great call.

[TraderGirl]

I'm just so confused by the market action. I'm not sure, but I think Cobra predicted a sharp move higher at the open and then a fade away for the remainder of the day. Great call.

Yes great call to Cobra!!

I guess he has his bear goggles on too!!

[Al_Dente]

internals at the moment
5 min

[Cobra]

should have another leg down, so the target is possible.

[fehro]

expect a bounce soon? red channel/blue dashed? or a channel break

[Cobra]

volume surge. may see rebound here, which usually should fail.

[Al_Dente]

VXX charts are back to normal
If u can call this normal:

[deeko]

anybody have a guess on where we close on the SPX?

[MrMiyagi]

anybody have a guess on where we close on the SPX?

146.62$ on SPY is my guess.

[Jack12]

anybody have a guess on where we close on the SPX?

See Cobras chart!! Think hes got 1460 im looking 1480 to 1520
Good luck

[Jack12]

XIV looks very sassy....last time it hit a new high with these kind of divergences was in May/June 2011....

This is a great point. We all know what happened then.

we bombed Lybia?? lol

[BullBear52x]

anybody have a guess on where we close on the SPX?

146.62$ on SPY is my guess.

146.17

[Jack12]

Looks like the Dax and the ASX are glued up there
and of course those are my 2 shorts Ftse doing OK

[SB73]

I hate to say this since nowadays it mostly doesn't work, but, well, let's try again: this bear has legs.

Would be interesting if bears could close the gap and bulls are sitting on 5 straight gaps higher going into Monday

Alright stop the crazy talk...must close near the highs of the week.

senor sb
u r funny when u talk to yrslf

Thanks Senor Al I was just trying to keep myself in the SPY puts by wondering out loud what the evil opposition must be game planning. Don't dare hold these bad boys over the weekend though.

[fehro]

new colour scheme.. tagged trendline bounce? or break?

[Cobra]

1 target hit.

[MrMiyagi]

146.17

[Al_Dente]

[quote="BullBear52x]146.17[/quote]
bb u comfortable there in yr chaise lounge?

chaise lounge.png (278.71 KiB) Viewed 3019 times

[TraderGirl]

AAPL...Mere speculation of course...but if we had 5 waves down for A, then we could get 3 or 5 waves down for C....

Support around $620...

[deeko]

new colour scheme.. tagged trendline bounce? or break?

It bounced off the trend line, but I don't know if the bounce is sustainable. In fact, as I write it looks like SPX will breach the lower bound of your trend line