12/11/2013 Live Update

[KeiZai]

GM let's see if this potential falling wedge (wave5) is going to work in DAX I am long some fDAX from now (too early to say if it is going to be scalp or X-mas position )

[uempel]

GM let's see if this potential falling wedge (wave5) is going to work in DAX I am long some fDAX from now (too early to say if it is going to be scalp or X-mas position )

The attachment DAX-longSetup12-12.png is no longer available

I'm kind of disappointed that DAX didn't immediately rally at Thursday's opening. The Zig-zag 9010/9039 and 9022/9050 is not reassuring. Essential that DAX climbs back above 9050 fast, otherwise today's time signal suggests further downside...

KeiZai: I exited at the top of today's small Zig-zag (with a small loss). My trading: I'll long if DAX manages to feel comfortable above 9050, and if DAX tanks I might consider a long at 8950ish.

[uempel]

Uempel: did you show your hand afterhours?

or maybe its another bot...

Read more: http://www.nasdaq.com/symbol/iwm/after- ... z2nCvHqDXM

Joe, I don't trade IWM..

I don't like the way DAX and the ES are trading early Thursday morning. Both are mellow, not much enthusiasm in any direction. Exited FDAX long and hedged ES Dec long with a ES Mar short..

[KeiZai]

GM let's see if this potential falling wedge (wave5) is going to work in DAX I am long some fDAX from now (too early to say if it is going to be scalp or X-mas position )

The attachment DAX-longSetup12-12.png is no longer available

I'm kind of disappointed that DAX didn't immediately rally at Thursday's opening. The Zig-zag 9010/9039 and 9022/9050 is not reassuring. Essential that DAX climbs back above 9050 fast, otherwise today's time signal suggests further downside...

KeiZai: I exited at the top of today's small Zig-zag (with a small loss). My trading: I'll long if DAX manages to feel comfortable above 9050, and if DAX tanks I might consider a long at 8950ish.

The attachment DAX.png is no longer available

yeah now it looks like she wants to go lower I was stopped out on trail but want to try it again little lower, my feeling is that bottom is very close

[uempel]

GM let's see if this potential falling wedge (wave5) is going to work in DAX I am long some fDAX from now (too early to say if it is going to be scalp or X-mas position )

DAX-longSetup12-12.png

I'm kind of disappointed that DAX didn't immediately rally at Thursday's opening. The Zig-zag 9010/9039 and 9022/9050 is not reassuring. Essential that DAX climbs back above 9050 fast, otherwise today's time signal suggests further downside...

KeiZai: I exited at the top of today's small Zig-zag (with a small loss). My trading: I'll long if DAX manages to feel comfortable above 9050, and if DAX tanks I might consider a long at 8950ish.

DAX.png

yeah now it looks like she wants to go lower I was stopped out on trail but want to try it again little lower, my feeling is that bottom is very close

Apparently Business Insider had a very negative article yesterday evening, saying "this is the beginning of a crash". I didn't read it, but it may have a negative influence (because Blodget's website is considered a serious website).

I'm watching DAX as I write this - not much conviction at 9020ish

[uempel]

KeiZai, all these DAX moves down are very impulsive - bear territory.

[KeiZai]

KeiZai, all these DAX moves down are very impulsive - bear territory.

now I am tempted to try long around here again but agree bears are still strong so I will rather wait for serious reversal pattern and buy the pullback or so Momentum in the last leg was very strong that's the only reason why I think there is one more high missing but for a bigger swing I want to wait for 8880ish : download/file.php?id=56042&mode=view

[DellGriffith]

Looks like more down for gold.

[TWT]

$SPX: Tentative follow up of the s/t EWP

[uempel]

DAX has all kinds of short term supports in the 8970 area - not all shown here.

[uempel]

DAX hit 8985 - might be some kind of temporary low

[joegamma]

iwm, a bit long at these levels, looks like perfect 3wave correction on this 2hr, plus high volume, pbar nasdaq trades 11138 late wednesday eve.....early Nov looked like dbl top, then next day we recovered 90% of loss, fwiw,
resistance above 11008, 111050ish