10/12/2012 Live Update

[TWT]

NDX: Possible short term path

[Jack12]

This bear has legs

and big brass balls

I am actually sitting on the sideline just laughing at the whipsaw environment.

im waiting for the bottom of 5, the expanding triangle is busy on the 4th so one more than the trend should resume. Im not sure if that then counts as 2 and wave 3of5 plays out.

[Cobra]

I don't like this pullback.

[Mr. BachNut]

Bullish Friday? Hello? Did someone forget to send the memo?

[Al_Dente]

relative strength ON THE DAILY

[Al_Dente]

PAGE KEIZAI

[Petsamo]

Bullish Friday? Hello? Did someone forget to send the memo?

I keep saying I rarely see a bearish Friday. That is not the same as "Fridays are typically bullish".

[Jack12]

Update triangle will be 5 waves subdivided into 3s

[fehro]

still within the blue bullish descending wedge. One more push down? Gap was filled.

[Mario TR]

DXY in a bear flag? target at 80.6 aprox.

DXY - 60 min

[Cobra]

I'm neutral here. may still miss 2nd leg up but the pullback is way too large, so I doubt how far the 2nd leg up, if indeed, could go.

[fehro]

longer trendlines, break 1430 could see a sharp move down, but 50 Day SMA = 1428ish

[TWT]

FDAX: Possible short term path = Zig Zag wave (X

[Mr. BachNut]

Aussie Yen not behaving well today. Equity bulls could use some strength here.
Interesting to note that it poked through but did not successfully complete below neckline of the H&S this week.
Now it appears to be coiling in a small triangle. This ought to resolve one way or another in the next week.
Assuming triangle as continuation pattern, I guess odds favor down.

[Jack12]

Update triangle will be 5 waves subdivided into 3s

wave d tagget now should be e up

[fehro]

look for lower blue line as a possible target.

[Jack12]

Update triangle will be 5 waves subdivided into 3s

wave d tagget now should be e up

an alternate would be 3 x threes and wave 3 down continues

[Petsamo]

Watch for that bear raid

long WLT 35.05, 35 shares

[Cobra]

breakdown, bad, here's the target. as usual, I only believe Fib 61.8% target.

[Mr. BachNut]

The after-hours low in ES Wednesday night was 1421.25 (about SPY 142.60).
Nothing but air below that.

How many times can a bottom get tested before it gives?
This looks like third test of SPY 143. Gulp.