10/03/2012 Live Update

[BullBear52x]

I miss most of the trading today, got unexpected visitors in town. 3 reversal day in a roll, nightly red, strong morning, weak at close. how long will they keep doing this? intraday sell to continue me thinks.

DBV

yes, that's what keeping me in bearish camp.

[Petsamo]

It's time to put HPQ on my watch list. Anyone watch HPQ ?

Yes I bought it in august for 50% gap fill (met) and was looking for falling wedge to buy back...FW is now negated

HPQ.png

The day before RIMM bottomed, there was bad news somewhere. It was something like Europe is no longer accommodating RIMM. I forgot exactly what it was. It was like the good news of QE3 that came one day before the high, which hasn't been busted.

Maybe this bad news is what bottoms HPQ and AMD.

Actually I was looking for LT term bottom in this thing will wait a bit but this could be capitulation or very close to (if my infos are correct big guys are buying this stock "heavily") good divi and not bad corporation...this stock is staying on my watchlist

I own a couple of HP computers. I've never owned an AAPL, their product or their stock.

[TradingJackal]

This market is bearish now. A divergence that should have led to the upside was smacked down hard. Bulls beware.

[BullBear52x]

another one is DBA, try a buy but looks like it will fail, this one is for inflation.

[Cobra]

retest of the pullback low, key time. my bias is on the downside.

[TraderGirl]

It's time to put HPQ on my watch list. Anyone watch HPQ ?

Yes I bought it in august for 50% gap fill (met) and was looking for falling wedge to buy back...FW is now negated

HPQ.png

The day before RIMM bottomed, there was bad news somewhere. It was something like Europe is no longer accommodating RIMM. I forgot exactly what it was. It was like the good news of QE3 that came one day before the high, which hasn't been busted.

Maybe this bad news is what bottoms HPQ and AMD.

Actually I was looking for LT term bottom in this thing will wait a bit but this could be capitulation or very close to (if my infos are correct big guys are buying this stock "heavily") good divi and not bad corporation...this stock is staying on my watchlist

I own a couple of HP computers. I've never owned an AAPL, their product or their stock.

I rebel against large conglomerates taking over a sector and I used to use a PC, but my husband is an Apple guy and he converted me...no viruses....literally...just out of ease of use, I unfortunately can't go back....

[TraderGirl]

This market won't f'n go down!!!

Maybe we just trade in a range until elections....

[Petsamo]

I rebel against large conglomerates taking over a sector and I used to use a PC, but my husband is an Apple guy and he converted me...no viruses....literally...just out of ease of use, I unfortunately can't go back....

Whether or not AAPL is a conglomerate, it's as large as one in terms of market cap.
It's been a very long time since I've gotten a virus.

[BullBear52x]

Sorry for posts on longer timeframe, I'm not a daytrade but love this forum
Continue to be on the sidelines while I monitor $NATGAS with the desire to play on the short side via GASX.
ChiOsc highest I can find on $NATGAS Daily
Nice move in GASX today but just waiting, this baby is bipolar, don't want to front run

here is my update on UNG, this is what I call sell first ask later. intraday is bullish now but swing is a sell. line in the sand here.

[Al_Dente]

“Wall Street Equities Traders Face Worst Year Since 2006”
“…Goldman Sachs… third-quarter equities-trading revenue may have fallen 23 percent from a year earlier to $1.8 billion… [equities trading] Revenue at Morgan Stanley may have dropped 11 percent to $1.2 billion…”
http://finance.yahoo.com/news/wall-stre ... 6.html?l=1


“In Stock Market Rebound, a Windfall for Wall St. Executives”
http://finance.yahoo.com/news/stock-mar ... 5.html?l=1

[TradingJackal]

Hmm... SPX double divergence. May get a half hearted rally attempt in the last 30 minutes. This is very bearish.

[fehro]

watch lower blue trend line for possible bounces, or acceleration down if we break the lower one

[ClarkW]

GDX now below 50% fib level...that didn't take long

[dr659]

retest of the pullback low, key time. my bias is on the downside.

Double Bottom

[Cobra]

3 push down, so the pullback might be over?

[Al_Dente]

AAPL test hi?

[Mr. BachNut]

I posted quite a few charts today - but I believe the weekly is key. No close above 1448 and the market will dip.

d.png

Agree.

Employment number on Friday. A good one could give bulls the ammo they need...or vice versa.

Last week's close was below the prior week's low. So, the balloon just gets heavier if this thing doesn't start tracking smartly to new highs.

[fehro]

SPX 5m .. possible small H&S. could be setting up for a nasty gap down...if it plays out tomorrow

[fehro]

I posted quite a few charts today - but I believe the weekly is key. No close above 1448 and the market will dip.

d.png

Agree.

Employment number on Friday. A good one could give bulls the ammo they need...or vice versa.

Last week's close was below the prior week's low. So, the balloon just gets heavier if this thing doesn't start tracking smartly to new highs.

Employment number may be a little surprise upside... or neutral.. but only time will tell
http://www.ritholtz.com/blog/2012/10/nf ... 5-3-in-q3/

[BullBear52x]

here is fun chart on Fib fan, bears need to trade back in yellow or bulls will take the ball from here.