10/03/2012 Live Update

[noob]

GDX broke down , on a day where SPY and GLD is up.

What are you thoughts on this noob?

I'm biased (long DUST) so GDX is right!

I'm short GDX so no complaints, but will cover if this turns.

[ClarkW]

GDX broke down , on a day where SPY and GLD is up.

What are you thoughts on this noob?

I'm biased (long DUST) so GDX is right!

I'm short GDX so no complaints, but will cover if this turns.

Gotcha, thanks Noob!

[KeiZai]

Took a little short here

SPX

[noob]

GDX broke down , on a day where SPY and GLD is up.

What are you thoughts on this noob?

I'm biased (long DUST) so GDX is right!

I'm short GDX so no complaints, but will cover if this turns.

Gotcha, thanks Noob!

No worries. Maybe Paulson needs to fund his redemptions.

[TradingJackal]

TradingJackal,

Thanks for your past last night! Glad I caught it. Bought a little DDD this morning. Looks good

Congrats! On your chart 37.17 is the 200EMA. Lot of things pointing to 37.20 or thereabouts. Kiss of the EMA200 generally means gone for a long time which implies wave 'C' would start at that point going down to the Abyss.

What do these people do?!! I mean Fibs is one thing but what is making them whiplash like this? I stopped reading after '3D printing'. Are they far ahead of their times?

Get this - at the highest level, we have seen 1, 2 and 3. We are in 4. Then there is a 5 to come!! Going by the way 3 went, the 5 could get this stock into hundreds of dollars.

[Cobra]

3 push up, so might see pullback here, likely to test the EMA20 blue line.

[MrMiyagi]

GDX;

[ClarkW]

GDX;

Thank you Miyagi!

[uempel]

Thanks for your input. TraderLady, I don't see bearishness, I see those Andrews forks... It's a monthly chart, SPX can jump up to 1500 or go higher for a week or two, but I don't think that SPX can lift off from 1450 and stay high in the sky for months to come. Those Andrews are concrete. Level is too important.

XIV not particularly bullish....for now...need to break above upper trendline for a breakout...

SPX potentially in bear wedge....potential H&S??

TraderLady, my monthly is somewhat disappointing. I guess I'll be shorting all those super-bullish rallys these next few days

There is a critical reversal time band of Oct 5/8th (+/- 3 days)...there are a couple of scenarios I am considering..

1) We see a low around 5/8th, or
2) We see a crest around 9-11th

Although based on my charts it's possible we see both a pullback into 5/8 and then a crest around 9-11th...

Glad you see bearishness....

[uempel]

Update:

[joe-gamma]

3 push OR maybe 4 push while bots are at lunch?
no bearish divergence on 1min spy....vote for DA KING Cobra here!
http://stockcharts.com/public/1684859/tenpp/3

[Cobra]

pullback as expected. today is a strong uptrend day so the very 1st touch on EMA20 blue line usually is buy.

[TraderGirl]

Thanks for your input. TraderLady, I don't see bearishness, I see those Andrews forks... It's a monthly chart, SPX can jump up to 1500 or go higher for a week or two, but I don't think that SPX can lift off from 1450 and stay high in the sky for months to come. Those Andrews are concrete. Level is too important.

XIV not particularly bullish....for now...need to break above upper trendline for a breakout...

SPX potentially in bear wedge....potential H&S??

TraderLady, my monthly is somewhat disappointing. I guess I'll be shorting all those super-bullish rallys these next few days

There is a critical reversal time band of Oct 5/8th (+/- 3 days)...there are a couple of scenarios I am considering..

1) We see a low around 5/8th, or
2) We see a crest around 9-11th

Although based on my charts it's possible we see both a pullback into 5/8 and then a crest around 9-11th...

Glad you see bearishness....

Doesn't that mean you are not so bullish??

I have a price target of Dow 13800-14,000, could possibly spike to 14,200 by 1st quarter 2013 (maybe January?)

So, I am not seeing a tremendous amount of bullishness between now and beginning of 2013...we don't have much room to go up IMHO...

[TraderGirl]

uempel, do you have any big signals today or tomorrow....

[Cobra]

lunch time, will be back. presumably there's another new high today.

[MrMiyagi]

I don't think this market is going down until after the US Elections.

[uempel]

Update

[Mr. T]

"We're never going down again!!!!"

Notice I was saying that while many got bearish late last week and over the weekend.

My gold chains give me psychic powers..... in a couple years you'll see me on TV saying [in Jamaican accent] "call me now!!!".

[noob]

Update

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Lol too funny.

[joe-gamma]

missing BB and Wise AL today...
next few days...consolidation here seems bullish for rusll....

and intraday not retracing far from highs seems to point toward
another retest BUT IWM seems to be lagging now still.

any thoughts on IV Harapa? still looking bullish from this morning?