10/11/2012 Live Update

[KeiZai]

Very slow market I will wait a bit and maybe I finish early today

DAX

[uempel]

Jarbo, the difference is that "my chart" was an ATR, your P&F is linear. They don't necessarily contradict. ATR suggests a bounce because there is support at 1432.50 (see that high to the left). It could be important support (SPX up to new highs), on the other hand it could also be negligable and after a bounce SPX could dip again (down to 1404 or 1391 per ATR). If you want to know more about "ATR" - go to stockcharts and click "chartschool"

P&F charts suggest that there is going to be a tradeable bounce at 1430ish

The attachment 1.png is no longer available

any idea why another's P&F chart suggests a high pole reversal with a bearish price obj. at 1395?

appreciate your P&F chart expertise.

[Harapa]

VIXies M05 setup
Also favor bulls, we are not much away from the trigger price for SPY.

boss XIV is a LONG VEHICLE
do not invert her here

I am just watching her, as I need to understand her moves.

[Me XMan]

BADA BING! BADA BANG!

consolidation here is not bad for bulls, still breakout on the upside is likely.

[uempel]

Very slow market I will wait a bit and maybe I finish early today

DAX

DAX888.png

Slow market? Hey, I hope you bought FDAX down under 7200 in the early morning. I was numb and kind of missed it

[Al_Dente]

VIXies M05 setup
Also favor bulls, we are not much away from the trigger price for SPY.

boss XIV is a LONG VEHICLE
do not invert her here

I am just watching her, as I need to understand her moves.

She likes it long and straight up
Here’s what I have FIVE MINUTE
[can change quickly, as u well know]

[Cobra]

breakout as expected. C&H text book target $144.62.

[rc1269]

Hey Mr. Miyagi-

How high did that big SPY p-bar go? the one from a couple days ago. ~146 SPY was it?

[Harapa]

She likes it long and straight up
Here’s what I have FIVE MINUTE
[can change quickly, as u well know]

1011vixies.png

Thanks, I fixed it.

[Harapa]

Hey Mr. Miyagi-

How high did that big SPY p-bar go? the one from a couple days ago. ~146 SPY was it?

146.80

[KeiZai]

Very slow market I will wait a bit and maybe I finish early today

DAX

DAX888.png

Slow market? Hey, I hope you bought FDAX down under 7200 in the early morning. I was numb and kind of missed it

U know I would like to see 200pts up and down like last spt-oct-november

[uempel]

Very slow market I will wait a bit and maybe I finish early today

DAX

DAX888.png

Slow market? Hey, I hope you bought FDAX down under 7200 in the early morning. I was numb and kind of missed it

KeiZai, zig-zag and gap point to DAX 7350...

[Al_Dente]

She likes it long and straight up
Here’s what I have FIVE MINUTE
[can change quickly, as u well know]

1011vixies.png

Thanks, I fixed it.

boss watch 4 xlnt charts posted by Tradergirl on XIV

[rc1269]

Hey Mr. Miyagi-

How high did that big SPY p-bar go? the one from a couple days ago. ~146 SPY was it?

146.80

Thanks Harapa!

Those p-bars are like magic - one day the target seems so far away, then we're right about there before you know it. It's *almost* like the market is manipulated. But that would be crazy talk...

[jarbo456]

Jarbo, the difference is that "my chart" was an ATR, your P&F is linear. They don't necessarily contradict. ATR suggests a bounce because there is support at 1432.50 (see that high to the left). It could be important support (SPX up to new highs), on the other hand it could also be negligable and after a bounce SPX could dip again (down to 1404 or 1391 per ATR). If you want to know more about "ATR" - go to stockcharts and click "chartschool"

1.png

P&F charts suggest that there is going to be a tradeable bounce at 1430ish

1.png

any idea why another's P&F chart suggests a high pole reversal with a bearish price obj. at 1395?

appreciate your P&F chart expertise.

ahhh...gotcha on closer inspection. interesting that you use the ATR sized boxes. how often do you calibrate then?

looks like the bounce you were looking for came to fruition.

oh, and thank you for the quick explanation.

[Mr. BachNut]

Partial Short. Took profits yesterday and left some chips on the table.
Looking to reposition short at higher prices.

My composite technical trend indicator turned down yesterday by a tick. It may whipsaw with a rally here but some of the components that flipped haven't changed since June.
So, the quality of this signal is promising.
My summation index signal remains down.

The Bulls reached a do or die point yesterday and have opted not to die...just yet.
Cobra has pointed out the line in the sand at SPY 143.
Note the absence of trading volume just south of 143 (No Man's Land on the chart).
Price moves to where there is trade, and this suggests that a break of 143 would trigger a swift drop quite a bit lower to the next historical action layer.
Probably a lot of sell stops down there too.

My sense is we are in a congestion battleground now.
After 4 down days and heading into OPEX next week, bears should be judicious and not waste their ammo.

It does look like longs have started distributing and liquidating, which will make new highs difficult.
So, I anticipate rallies will get sold especially if they get into the distribution zone (chart).
We shall see.

[Al_Dente]

Folks 2 clarify:
vixie signals are used for trading SPY/IWM/QQQ proxies
Not “safe” to trade VXX, UVXY and etc, until they go into honey-badger backwardation…

[TradersF]

XIV gave a buy at the end of trade yesterday, so with my IWM swing signal giving a buy....it's time to load up on some TNA.
@ 61,16

[uempel]

Jarbo, they calibrate automatically once a day - I'm not sure if stockcharts does it or the provider of the data.

[uempel]

Close look at resistance up at 1443