09/18/2012 Live Update

[KeiZai]

Yes this Dollar chart looks more and more like rising wedge, breakout without explosive power is no bullish

[MrMiyagi]

Bear flag resolved to the downside...

Now, waiting to see if we get a wave 5 completion....

What's the wave 5 target area TG?

[Al_Dente]

I heard people skip lunch to buy I-pad/I-phone. sounds additive substance. should it be illegal?

[daytradingES]

2. I am not sure I understand your question...?

I'm thinking of today as being an upside down V (a caret) shaped day - though now it like like a choppy narrow mess
and tomorrow being down and Thursday wide range but lower low.

So if today if a caret one might sell an option at today's high (1460-4 area or 147.3?? )
- I'm not sure about SPY I think in ES.

Your thoughts?
tks

My charts point to down into the 19/20th, but they can be wrong...Looking at the count, I can see a clear 5 waves down to almost be complete...is my wave count wrong?? could be...but I am playing a possible bounce here rather than shorting at this point...

The fact that we got 5 waves down is bearish...if we should get a lower high on this bounce then shorts make sense....IMHO...

I'm not a wavist so I can't say about your count (though if you mean bullish for the next move today - I'm in line with that).
I'm thinking about a setup today to short at today's high - which may not be in place yet -- see chart.

{BTW I can make out your axis values on your chart - perhaps a light grey would give better contrast?}

Thanks again for you thoughts.

[Petsamo]

I heard people skip lunch to buy I-pad/I-phone. sounds additive substance. should it be illegal?

It's a social gathering, great place to meet chicks.

Break

I didn't think CLF was ever gonna turn red

[BullBear52x]

Yes this Dollar chart looks more and more like rising wedge, breakout without explosive power is no bullish

Here's UUP from my corner

[KeiZai]

Senor Bull Bear,

I know you keep an eye on UNG...what are your thoughts today? Gap fill before higher?

UNG is now playing UTIL I am like what now! anyways, the swing basis is sell, longer term is still bullish, but I will sell first ask question later

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Here is something from my corner

[BullBear52x]

I heard people skip lunch to buy I-pad/I-phone. sounds additive substance. should it be illegal?

It's a social gathering, great place to meet chicks.

Break

I didn't think CLF was ever gonna turn red

Hmm..CLF is not that bad like I thought.

[Cobra]

for now, looks a little better for bulls.

[KeiZai]

Yes this Dollar chart looks more and more like rising wedge, breakout without explosive power is no bullish

Here's UUP from my corner

No go this time hopefully

[ClarkW]

Senor Bull Bear,

I know you keep an eye on UNG...what are your thoughts today? Gap fill before higher?

UNG is now playing UTIL I am like what now! anyways, the swing basis is sell, longer term is still bullish, but I will sell first ask question later

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I've been monitoring nat gas a bit. UNG is sitting above 50% fib level on hourly

[Cobra]

lunch time, will be back. key time. wait.

[MrMiyagi]

800.png (15.19 KiB) Viewed 3268 times

[TraderGirl]

Bear flag resolved to the downside...

Now, waiting to see if we get a wave 5 completion....

What's the wave 5 target area TG?

Hard to tell what form the wave is taking, if abc, could be 1454-55, doesn't look far from here....

[ClarkW]

ChiOsc is very high for UNG on daily. This spike, along with other two within the past 4 months are the highest in 4 years. The other two marked a short term pullback

[TraderGirl]

SPX...

[Al_Dente]

HFT
The Chicago FED weighs in on “…out-of-control algorithms...”
http://www.marketwatch.com/story/chicag ... =rss&rss=1


also……..ex-MF Global creeps start their own friggin’ hedge fund

http://www.zerohedge.com/news/head-mf-g ... to+zero%29

[MrMiyagi]

Hard to tell what form the wave is taking, if abc, could be 1454-55, doesn't look far from here....

Not far at all...

[TradingJackal]

I heard people skip lunch to buy I-pad/I-phone. sounds additive substance. should it be illegal?

iphone.png

Very funny Al

[noob]

lunch time, will be back. key time. wait.

Cobra is right, this market is dead...