09/04/2012 Live Update

[EvilTrader]

Who is BTFD ?

[Cobra]

1st target met.

[Cobra]

now, key time. again I don't think it'd break through on the very 1st try. a consolidation here would be good for bears.

[EvilTrader]

VIX opened out of BB and higher.

Intraday swing long ?

[TraderGirl]

Market down as predicted over weekend....should get a bounce into tomorrow....but the direction could be down into Sept 13/14....

Looks like we could zig zag down into elections....direction generally down....but bouncing here and there.

Next high could be around Sept 18-21st, but then down again....

[Al_Dente]

one min

[Mr. BachNut]

Moderate short.
I put one toe in the water on Friday and another this morning.
My composite technical signal went negative on Thursday and my summation index signal has been negative for awhile.
They have been weak signals subject to whipsaw however. So, I am being cautious in honoring them.
Also, the charts look like they want to make one more stab at the high.
I have been focused however on the response to Jackson Hole.
Even though Ben signaled more QE ahead, the response has been tepid so far, which I consider bearish.
We'll know more as the week takes shape.
If the bulls get there act together, I'll be quick to cut and run.
Likewise if the Bears get some Mo I'll commit.

[BullBear52x]

Fear is high will AAPL save the world again this time?

the big change in trend is about to occur

[BullBear52x]

Danger zone below 140.20 SPY

[BullBear52x]

this is not good

[rola]

For who?

[rola]

For Who?

[gappy]

sc.png

From Albertarocks.

[BullBear52x]

For Who?

Not good for Bulls, mim target is 140 100% fib extensions

[joe-gamma]

Any idea why IWM not very weak today?

SPY seems a good time for a bounce midday, maybe a retest lows after lunch...does not feel like bears have conviction to plunge it today....

[KENA]

BB52x..Hi BB how was the hunting.?

[joe-gamma]

sc.png

From Albertarocks.

nice chart and notation Gapup, think this might morph into a bull flag?
thx, joe

[sloth]

1375-77 area for a gap fill is my guess for the bottom before they turn this piggie back up to 1450 area
b4 election, then cliff dive. Is that the plan IT?

[BullBear52x]

BB52x..Hi BB how was the hunting.?

Having a great time but no bag. will head out again tomorrow.

[rola]

For Who?

Not good for Bulls, mim target is 140 100% fib extensions

I know, was only joking!!