11/02/2012 Live Update

[TraderGirl]

UCO....following the bounce and pullback so far...there is a turn for oil on Nov 9th....

It's possible we see a low in the markets around that time as well....

[Me XMan]

Good eye!

might be 3 push down here, so 2 legged rebound due?

[Cobra]

very weak 2 leg up. no good.

[Me XMan]

More time needed for the bounce?

very weak 2 leg up. no good.

[Petsamo]

Da bulls have nothing to worry about. Yesterday's low on SPY is a long way down

[SigmaEcho]

very weak 2 leg up. no good.

SPX hft ramp up coming or daily sma 20/sma 50 cross?

[Al_Dente]

thirty minutes

[Cobra]

bulls need do more, still not good looking.

[uempel]

Very long term weekly shows all the trouble up above 1450. But to quit the bullish game at 1434 is somewhat early

[Al_Dente]

RH
ipo
“Restoration Hardware climbs in public debut”
http://finance.yahoo.com/news/restorati ... 7.html?l=1

[victorm]

Very long term weekly shows all the trouble up above 1450. But to quit the bullish game at 1434 is somewhat early

jj.png

it's not the end of the day... hopefully we will see 1445 spx on monday...

[KENA]

The Institutional Holding Index is shaping up like last April-May area where the mkt could be on verg of a sharp dn turn after this next up move fails.We will just have to wait and see.

Chart by stocktiming

[Cobra]

consolidation, still not good for bulls.

[fehro]

possible competing H&S patterns.. take your pick.. depending on which neckline breaks. H&S on 60m SPX possible target 1343ish. Another inverse H&S on the SPX15m, light blue one hit it's target, now a green one forming target 1465ish.

[Al_Dente]

bears need to push more here........ otherwise........boom

[uempel]

Very long term weekly shows all the trouble up above 1450. But to quit the bullish game at 1434 is somewhat early

The attachment jj.png is no longer available

it's not the end of the day... hopefully we will see 1445 spx on monday...

Problem is the 55 moving average at 1432.82. If prices rise and break that level it's a bullish signal. I presume not enough traders are convinced that they can pull the bullish move through...

[Al_Dente]

THANKS COBIE 4 reply
btw: this is what happened to the last guy who forgot to listen to the Cobra

cobra bites.png (268.46 KiB) Viewed 3043 times

[ClarkW]

Sold some DUST 1.5 hours ago because going into meeting and didn't want GDX to ramp up, now I see she's at -3.56%, holy smokes. Regret for selling out but one would have to think a bounce is near, right?

[uempel]

bears need to push more here........ otherwise........boom

112five3.png

Yes...

[Mr. T]

Is it nap time or something???