11/01/2012 Live Update

[Me XMan]

Are you seeing more buyers jumping in?

I see an H&S on SPY 1 minute, but the neckline has about a 15 degree slant

[Cobra]

hmm, that was a good H2 although not touching EMA20.

[Me XMan]

I've heard that last week of October and first week of November are usyally very bullish.
It maybe the next two weeks in November are very bullish now.
If bulls can pull up to 1440-1450 then all hell break loose on the bears.

My long sell got triggered. Now back to wait-n-see.

I am on the sideline as well. I will take the rest of the day off and check in right before close for a possible end of day ramp.

[MrMiyagi]

[Me XMan]

It's not on my ThinkOrSwim charts.

spy.png

[MrMiyagi]

It's not on my ThinkOrSwim charts.

My charts are special.

[uempel]

Long term resistance overhead:

The attachment ss.png is no longer available

Close up of this chart shows blue ellipse resistance at 1432

[Petsamo]

Are you seeing more buyers jumping in?

I see an H&S on SPY 1 minute, but the neckline has about a 15 degree slant

Even if I did, I wouldn't join them. Intraday, we're too high

[Mr. T]

It's not on my ThinkOrSwim charts.

My charts are special.

ie.png

No, no, no Miyagi...... you're only suppose to show the SPX 1500 one. [Hahahahah]

[Cobra]

C&H target.

[Me XMan]

Wouldn't you know it. They took my stop-loss and left me in the station.
The train took off w/o me.

Are you seeing more buyers jumping in?

I see an H&S on SPY 1 minute, but the neckline has about a 15 degree slant

Even if I did, I wouldn't join them. Intraday, we're too high

[Jack12]

Good move my friend. I'm going to ride it. Not cashing in yet but with stop-loss in place.

Took Profit 50% longs 1407.10 - 1422.50 = 15.40 profit
The other 50% looking for 1428ish

Thats it took last profit at 1427.90, now to wait to see if a 5th down will manifest a break up to 1440 could mean a truncated 5th

[TraderGirl]

Sorry I meant from a technical/chart point of view. Not to hold for years!

Hey LT. Below are some charts of mine on GDX. I'm long DUST so please kep in mind they are through my bear lense

What do you think of the breakout on the daily with yesterday's bar? If we don't get further down today we'll have two consecutive closes above the daily 20 EMA. That's one of my shorter-term triggers that a new trend is starting.

Agree that's certainly bullish. This is always said by everyone I know BUT "the next couple days will be telling in my opinion." If there's follow through on the downside tomorrow and Monday one could argue yesterday was just another lower high on the daily. But seasonally November appears to be a good month for Gold/Silver and TraderGirl has a turn date for them now I think.
Not trading advice obviously[/quote]

I had a turn date of Nov 1st for the markets as well...

[TraderJoe]

Hi TraderGirl,
Here is a late BD present, only a picture but as you said, "it's the thought that counts."
http://www.bloomberg.com/image/i37pcQ3XpDfY.jpg

[Jack12]

Hi TraderGirl,
Here is a late BD present, only a picture but as you said, "it's the thought that counts."
http://www.bloomberg.com/image/i37pcQ3XpDfY.jpg

mmm Bugatti, man you make me jealous

[MrMiyagi]

SPY Stochastics 5 minutes and more are pegged to the ceiling.

[Petsamo]

They're selling EWG (Germany)

[silversurfer]

Merlin is bullish this week

http://chartsedge.com/images/102812.gif

http://chartsedge.com/

[uempel]

They're selling EWG (Germany)

??????

[uempel]

Apparently I know the lady better than you guys - she likes Astons

Hi TraderGirl,
Here is a late BD present, only a picture but as you said, "it's the thought that counts."
http://www.bloomberg.com/image/i37pcQ3XpDfY.jpg

mmm Bugatti, man you make me jealous