10/09/2014 Live Update

[MrMiyagi]

Insane

LAKE

Hazmat suits. Ebola fear mongering, get yours now.

[uempel]

BPs keep on weakening:

http://stockcharts.com/freecharts/candl ... $BPNYA|B|0

[Out of Bounds]

Insane

LAKE

Hazmat suits. Ebola fear mongering, get yours now.

Don't forget ammo.

[champix]

crude oil -2% again today...

[MrMiyagi]

great white hope

[fehro]

INDU .. stick sandwich on the menu? …. http://stephenbigalow.com/blog/stick-sandwich/ Description
The stick sandwich candlestick pattern looks somewhat like an ice cream sandwich. It consists of two black (or red) candles with a white (or green) candle in between. The closing prices of the two black (or red) candles are equal. This demonstrates an obvious support price and the probability of a reversal in the trend is high.
Criteria for Stick Sandwich Candlestick Pattern
A downtrend is concluded with a large black (or red) candle followed by a white (or green) candle. The white (or green) candle opens above the black (or red) candle’s close, and it closes above the black (or red) candle’s open.
The final day completely engulfs the white (or green) candle and closes at the same level as the previous black (or red) candle. - not quite an engulfing

[champix]

crude oil -2% again today...

crude a few minutes later... -2.60% ! No good, fear is there !

[Al_Dente]

final final chart
trendline “getting a bit too steep” alert

[DellGriffith]

The only articles about the market in the mainstream press I've seen lately talks about how health care stocks have led the rally this year, but democrats in the Senate and Obama are attacking health care companies for trying to move offshore for tax purposes (Pfizer is one)

http://online.wsj.com/articles/firms-to ... 1411504445

Health care stocks were the leader of the rally and now share prices are taking quite a hit and seem to be leading the decline. But this isn't getting mentioned much. Maybe the uncertainty of the future of the Senate is playing into this. Perhaps if republicans win the senate, the decline will stop.

[uempel]

Looking back at 1997. A quick correction down 13% would put SPX at 1740 Note that the 1997 correction didn't hurt the 1997 rally, stocks were up 34% that year

The attachment huz.png is no longer available

The good thing about a wild spike to the downside is that the market finds fresh money down there (all those who sold equities up at SPX 2000). And of course the move rockets up thanks to the covering of shorts ...

[MrMiyagi]

!! CANCELLED !!

[pete]

!! CANCELLED !!

I lol'd

Well, at least there's still those pBars above we can look forward to.

[uempel]

3780.png

Miyagi, I want a panic, a spike to the downside. Don't you have p-Bars pointing down to SPY 174

[jademann]

this isnt over yet imho.

[MrMiyagi]

Miyagi, I want a panic, a spike to the downside. Don't you have p-Bars pointing down to SPY 174

Nothing downwards, but I would be a put buyer here if I didn't have any.
I have a feeling that there will be a tank event tomorrow. I would like to be wrong...

[champix]

well, here we are... double bottom, do or die, and it tastes not good !

[Al_Dente]

!! CANCELLED !!

I am really disappointed in you

[fehro]

DRV - looking for a possible trade invs H&S, retest of 50d, hammer candle

[Al_Dente]

Check the daily candles
Bears desperately need a lower low breakdown today
Otherwise we’ll have some kind of engulfing something whaddyacallit candle

[Out of Bounds]

!! CANCELLED !!

I am really disappointed in you