10/09/2012 Live Update

[Jack12]

a breakout is imminent. the question is how strong the breakout would be?

I got 1430 or min 1440. I cant see the upside. yet

[Harapa]

p-bar spy
about 2:30 ET

Probably a ghost as it is not visible on Cobra's 5min public chart. - it is there now
OT, Adding VXD to 5 min setup for monitoring. Its response is more in line with others compared to VXO

[Cobra]

trend line. I don't like this pullback but if it could hold, still it's ascending triangle.

[MrMiyagi]

[Al_Dente]

p-bar spy
about 2:30 ET

Probably a ghost as it is not visible on Cobra's 5min public chart
OT, Adding VXD to 5 min setup for monitoring. Its response is more in line with others compared to VXO

i c it on cobra's
AND IT JUST MAGICALLY SHOWED UP ON FREESTK
5 min spy
[are u deleting VXO or just adding VXD as an extra?]

[fehro]

bear flag?

so you're seeing LOD later as is TL?

Maybe not today... we could close up at 1448, near the blue downtrend, green line, and still be in bear flag. (on the SPX 15m) Then gap down tomorrow?
or we break down end of day. Watching my 60m SPX as well. Retest of the red trendline? (2nd chart is just a closer view)

Great charts Fehro, new color looks good

Thanks!

Here's a daily will be interesting if the the pink trend line will cause a pause. Mind you 50day SMA is fast approaching 1425 too. = Red Daily channel. *And Mar 2012 highs = 1422.38

[daytradingES]

bear flag?

so you're seeing LOD later as is TL?

Maybe not today... we could close up at 1448ish, near the blue downtrend, green line, and still be in bear flag. (on the SPX 15m) Then gap down tomorrow?
or we break down end of day. Watching my 60m SPX as well. Retest of the red trendline? (2nd chart is just a closer view)

Thanks for the charts - I'll have to view them later to make sense - too tired today.

[uempel]

I don't know

[Harapa]

[are u deleting VXO or just adding VXD as an extra?]

For now, adding ON for monitoring purposes.

[Al_Dente]

5min VIX bolinger is crimping
TBT is lifting
not sure

[rpccharts]

The purpose of the week before expiration is to run the calls down
as far as possible then run then them up the next week. Now the market
is ultra sensitive to oil. The spy futures and the market go up or down
inverse to the oil futures (/qm on thinkorswim) almost tick for tick.
So oil leads the market up or down. I expect a very poor week and then
the normal run up during options expiration. So to accomplish this we
need a runup in oil futures which should not be a problem. There should
be some good longs postions opportuniies either late in the week or
next week. Wednesday of the week is Wierd Wolanchuk Wednesday
and we will see how and if it plays out.

[Jack12]

I don't know

975.png

IMHO I dont believe wave 3 is complete it is shorter than wave 1 and should target the 1430. wave 4 a 0.38 retrace and 5 should get us to 1410ish which is also the 0.382 of wave 3 up. that would make a perfect fib/wave relationship. Only my thoughts

[MrMiyagi]

[Cobra]

it's not a strong breakout I'd like to see. wait.

[Jack12]

Mr M did you hit the button or close the hatch?

[Cobra]

3 push up here? not sure.

[MrMiyagi]

Mr M did you hit the button or close the hatch?

That second pbar on SPY has been appearing in a lot of places.... Maybe a surge at the end?
My buttons are getting a final coat of wax on.

[rpccharts]

KING DOLLAR

[joe-gamma]

cervasa frei ? or sometin like dat....

Ben to rescue or FOOL to buy before another gap down wednesday? this from footmouth...

GL

[BullBear52x]

I got continuation sell signal