10/15/2014 Live Update

[user13]

Beige book at 2pm

[Rezito]

Checking the traditional P&F:

huz.png

looks like we are below that level!

Let's see where the market closes, but the break below 1833 is kind of worrisome

Back to 1833 -

any BEARS left here?

Nope, back to the long side here...1814 should be the bottom revisited by next Friday.

[MrMiyagi]

4hm

[FlowerGirl]

Scary...

[DellGriffith]

My own system has not flashed a bottom yet. We got here too soon. I'll have to re-evaluate. Looks to me like the bottom is still not in.

[MrMiyagi]

if the rebound is strong then it's capitulation. wait and see. I'd prefer the see the rebound exceed the tinted area.

What does this mean exactly

[Cobra]

members only update at 2:08 pm
http://www.cobrasmarketview.com/2014/10 ... ay-update/

[Cobra]

if the rebound is strong then it's capitulation. wait and see. I'd prefer the see the rebound exceed the tinted area.

What does this mean exactly

capitulation means the short-term bottom was in.

[MrMiyagi]

capitulation means the short-term bottom was in.

OK, thanks. So massive selling to get to that point.

[user13]

Just noticed my best short term bounce model triggered intraday about an hour ago...too bad i didn't see it earlier

[Junior Buffett]

capitulation means the short-term bottom was in.

OK, thanks. So massive selling to get to that point.

which means rebound will be controlled and short lived and go to the new low?

[jademann]

vix back above 30

[user13]

Greek stocks are down 5-10%

[grandeG]

Looking like a flag....

[Junior Buffett]

http://www.investing.com/economic-calendar/

what happened to these??

[jademann]

A 20% correction is 1616 SPX..

[Junior Buffett]

anyone heard about this report?

http://mcverryreport.com/

[fehro]

SPX 2m.. possible minor invs H&S.. don't love it..

[Ratbastrd]

Note the bottom of the chart. BB% set to 3 deviations. Either the world is coming to an end or we are looking at the mother of all squeezes coming up.

[grandeG]

capitulation means the short-term bottom was in.

OK, thanks. So massive selling to get to that point.

which means rebound will be controlled and short lived and go to the new low?

Choppy rebound means no capitulation. Impulsive means strong rebound. Currently it looks choppy and more like a bear flag.