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Re: 10/23/2012 Live Update

Posted: Tue Oct 23, 2012 3:41 pm
by Me XMan
Damn good charts Cobra. :D
Cobra wrote:members only update at 3:37pm
http://www.cobrasmarketview.com/2012/10 ... ay-update/

Re: Re:

Posted: Tue Oct 23, 2012 3:44 pm
by TraderGirl
L_T wrote:
MrMiyagi wrote:
L_T wrote:
MrMiyagi wrote:Thanks TraderGirl.
I'll leave it then.
Smallies are showing relative strength if you are looking to simply go long for an oversold bounce.
That's what I was planning, bounce play.
Would it be possible (pretty please) for an Elliot Wave guru to post a chart of IWM? I'm curious about an oversold bounce as well.
Don't know if we go slightly lower tomorrow, could see a bottom tomorrow?? Don't know price levels for bounces...but could get one more leg down on IWM...IMHO....

Re: 10/23/2012 Live Update

Posted: Tue Oct 23, 2012 3:45 pm
by Cobra
another support. still neutral i am.

Re: 10/23/2012 Live Update

Posted: Tue Oct 23, 2012 3:46 pm
by TradersF
TradersF wrote:Sold my TZA position bought on Thursday. That's a 10% gain :mrgreen:
It still feels like more downside to come. I'm OK with waiting for my TNA buy (swing) signal.

GL
Got my TNA buy signal. Lets ride this up for awhile..........

Re: 10/23/2012 Live Update

Posted: Tue Oct 23, 2012 3:46 pm
by Al_Dente
fehro wrote:Dow looks ugly.
u mean ugliest? :mrgreen:

Re: 10/23/2012 Live Update

Posted: Tue Oct 23, 2012 3:47 pm
by Out of Bounds
Cobra wrote: still neutral i am.
[/Yoda]

Re: Re:

Posted: Tue Oct 23, 2012 3:48 pm
by TraderGirl
TraderGirl wrote:
L_T wrote:
MrMiyagi wrote:
L_T wrote:
MrMiyagi wrote:Thanks TraderGirl.
I'll leave it then.
Smallies are showing relative strength if you are looking to simply go long for an oversold bounce.
That's what I was planning, bounce play.
Would it be possible (pretty please) for an Elliot Wave guru to post a chart of IWM? I'm curious about an oversold bounce as well.
Don't know if we go slightly lower tomorrow, could see a bottom tomorrow?? Don't know price levels for bounces...but could get one more leg down on IWM...IMHO....
I would look for pos d to develop between now and next leg down...

Re: 10/23/2012 Live Update

Posted: Tue Oct 23, 2012 3:48 pm
by Cobra

Posted: Tue Oct 23, 2012 3:50 pm
by MrMiyagi
1105.png

Re: 10/23/2012 Live Update

Posted: Tue Oct 23, 2012 3:51 pm
by L_T
Out of Bounds wrote:
Cobra wrote: still neutral i am.
[/Yoda]
I was thinking the same thing! :lol:

Re: 10/23/2012 Live Update

Posted: Tue Oct 23, 2012 3:51 pm
by TraderGirl
Apple pulled back from the broken trendline...if it goes lower could find support around $587...

Re: 10/23/2012 Live Update

Posted: Tue Oct 23, 2012 3:52 pm
by Harapa
Al_Dente wrote:
Harapa wrote:PAGING AL
VIXiess may change their mind at the last minute before the close like yesterday. XIV is not budging at the moment, NYAD negative. Ignore signal if issued in the last 15 mins ?
i don't think it will get to "buy" unless we have a massive sqz at the close
renko says flag up to descending MA
if this is a bull, i will be late to the party, and i am fine with that
1023renko.png
Agree.

Re: 10/23/2012 Live Update

Posted: Tue Oct 23, 2012 3:52 pm
by Cobra
well, looks like the support holds. anyway, 9 min to close.

Re: Re:

Posted: Tue Oct 23, 2012 3:52 pm
by L_T
I would look for pos d to develop between now and next leg down...[/quote]

OK thanks for the chart as well. Looks too dangerous to me right here.

Posted: Tue Oct 23, 2012 3:55 pm
by MrMiyagi
TraderGirl wrote:Apple pulled back from the broken trendline...if it goes lower could find support around $587...
A couple of Earnings ago, AAPL dropped hard pre report and rallied on great numbers; insiders probably squashing the price to buy lower...

Re: 10/23/2012 Live Update

Posted: Tue Oct 23, 2012 3:55 pm
by Cobra
well, guess that's it for today. FOMC tomorrow usually is bull friendly. thank you guys, I'll see you tomorrow.

Re: 10/23/2012 Live Update

Posted: Tue Oct 23, 2012 3:57 pm
by L_T
Miyagi here is an oversold one for you: UGA

Re: 10/23/2012 Live Update

Posted: Tue Oct 23, 2012 3:59 pm
by MrMiyagi
L_T wrote:Miyagi here is an oversold one for you: UGA
Thanks L_T, USO is, I think, more rebound-bound at this time based solely on the BBand crash.

Re: 10/23/2012 Live Update

Posted: Tue Oct 23, 2012 4:01 pm
by Al_Dente
Harapa wrote:
Al_Dente wrote:
Harapa wrote:PAGING AL
VIXiess may change their mind at the last minute before the close like yesterday. XIV is not budging at the moment, NYAD negative. Ignore signal if issued in the last 15 mins ?
i don't think it will get to "buy" unless we have a massive sqz at the close
renko says flag up to descending MA
if this is a bull, i will be late to the party, and i am fine with that
1023renko.png
Agree.
problem is i also agree w cobra... ben should say something anything that will soothe the markets.... and comfort the "blind trusts" of all our politicians...
we shall see

Re:

Posted: Tue Oct 23, 2012 4:03 pm
by TraderGirl
MrMiyagi wrote:
TraderGirl wrote:Apple pulled back from the broken trendline...if it goes lower could find support around $587...
A couple of Earnings ago, AAPL dropped hard pre report and rallied on great numbers; insiders probably squashing the price to buy lower...
That time they announced I believe they rallied after earnings announced then sold off...