10/24/2012 Live Update

[Petsamo]

My coin flip tells me we've bottomed.
Of course, it is 50-50.

No attempt to bust yesterday's bottom ?

[MrMiyagi]

I think neutral here until FOMC.

[SB73]

I think neutral here until FOMC.

agreed no sense in trying to get too cute here...don't we have some pbars to the upside?

[TraderGirl]

My coin flip tells me we've bottomed.
Of course, it is 50-50.

My coin toss says could be up the next couple of days starting today or tomorrow, then one more leg down...

[Al_Dente]

PAGE HARAPA
Doc: yr 5 min signal still bear
THIS IS NOT PART OF YR 5 MIN SYSTEM; this is just 4 fun
now behind XIV is $ONE:VXZ bottom panel, red dots
notice how bullish the medium-term futures volatility traders are at the moment
just fyi only

[MrMiyagi]

...don't we have some pbars to the upside?

143.48$ from yesterday.

Thanks TraderGirl for the chart.

I think that overall, after the New Year, markets may enter a decent Bear phase.

[TraderGirl]

...don't we have some pbars to the upside?

143.48$ from yesterday.

Thanks TraderGirl for the chart.

I think that overall, after the New Year, markets may enter a decent Bear phase.

Agreed! There are a couple of turn dates I am looking at for a top, possibly around Dec 21-24th or Jan 7-12th, we'll see as we get closer...

[TraderJoe]

The Federal Reserve will release its October FOMC monetary policy statement today at 2:15 PM ET, following the central bank's latest policy meeting.
There will be no press conference nor updates to the Fed's economic forecasts today.
In addition, Hooper says the Fed "will have reason to want to maintain a low profile with the Presidential election less than two weeks away."

Look like this will be a dud.

[Me XMan]

Ya'll treating phantom bars like signs from God...GET REAL PEOPLE!!!

...don't we have some pbars to the upside?

143.48$ from yesterday.

Thanks TraderGirl for the chart.

I think that overall, after the New Year, markets may enter a decent Bear phase.

[Al_Dente]

Thirty min
Relief bounce is due (?)
All depends on bears covering

[TWT]

SPX: The short term is bullish biased for an oversold bounce

[TraderGirl]

Ya'll treating phantom bars like signs from God...GET REAL PEOPLE!!!

...don't we have some pbars to the upside?

143.48$ from yesterday.

Thanks TraderGirl for the chart.

I think that overall, after the New Year, markets may enter a decent Bear phase.

HEY!! Watch your tongue!! No putting down the p-bars!!

And who told you there was a God??

[TradersF]

Ya'll treating phantom bars like signs from God...GET REAL PEOPLE!!!

...don't we have some pbars to the upside?

143.48$ from yesterday.

Thanks TraderGirl for the chart.

I think that overall, after the New Year, markets may enter a decent Bear phase.

HEY!! Watch your tongue!! No putting down the p-bars!!

And who told you there was a God??

Well said TGirl

[Jack12]

did you use a 2 headed coin

NO today we used Uncle Bennys Triple Headed silver dollar

[Al_Dente]

Ya'll treating phantom bars like signs from God...GET REAL PEOPLE!!!

...don't we have some pbars to the upside?

143.48$ from yesterday.
Thanks TraderGirl for the chart.
I think that overall, after the New Year, markets may enter a decent Bear phase.

HEY!! Watch your tongue!! No putting down the p-bars!!
And who told you there was a God??

[TraderGirl]

1412 seems to be support today....

[TraderJoe]

Ha TraderGirl, I meant to ask you if your little one gave you more 'Thoughts' last Friday when you were under the weather

[Al_Dente]

THIRD time spy tests 5min vwap
seriously i forget if 3rd time is or is not a charm?
i think she'll fail, but just in case

[Harapa]

PAGE HARAPA
Doc: yr 5 min signal still bear
THIS IS NOT PART OF YR 5 MIN SYSTEM; this is just 4 fun
now behind XIV is $ONE:VXZ bottom panel, red dots
notice how bullish the medium-term futures volatility traders are at the moment
just fyi only

1024vxz.png

I noticed that.They all have a tendency of becoming honey badger, today is their turn. .

[MrMiyagi]

Ya'll treating phantom bars like signs from God...GET REAL PEOPLE!!!

I doubt anyone here trades strictly based on them. They sure get tagged though.