10/08/2014 Live Update

[fehro]

SPX testing recent lows.. minor support possibly here

[uempel]

SPX 1922 should hold - don't know for how long it will hold but it's solid support

[Junior Buffett]

SPX 1922 should hold - don't know for how long it will hold but it's solid support

uiz.png

Uempel,

your chart shows circle at top right close to 2000, so u suggesting that time cycle may take S&P to those level on oct 13th? Thank you

[fehro]

INDEX dailies.. island bottom USO? need to look at a longer term chart

[MrMiyagi]

"WE'RE NEVER EVER GOING UP AGAIN!!"

[cletus]

Bottom for months to come in the Nasdaq 100?

[uempel]

SPX 1922 should hold - don't know for how long it will hold but it's solid support

uiz.png

Uempel,

your chart shows circle at top right close to 2000, so u suggesting that time cycle may take S&P to those level on oct 13th? Thank you

No, no. The crossover suggests A) a biggish move on the X-axis on October 13 and B) resistance up at 2000 on the Y-axis. The two info-pieces are not related - even though the system generates them from one single crossover point. Am I clear?

[Cobra]

rebound right at the previous low, let's see how far this rebound can go. it might have small legs at least.

[uempel]

Wow - Bullish Percentages falling apart. Market being held up by the very big caps.

http://stockcharts.com/freecharts/candl ... BPFINA|B|0

[DellGriffith]

My stuff says a short term bottom should be in. At least on the hourly. I don't mean the correction is over, but maybe a relief rally here.

[BullBear52x]

Looking for 2x bottom? lots more work for bulls just yet.

[Cobra]

members only update at 11:43 am
http://www.cobrasmarketview.com/2014/10 ... ay-update/

[Al_Dente]

30min
Everyone is trying to hold double bottoms, except IWM who already broke down
AAPL (green behind QQQ) is printing a higher low and that is significant

Bears still have the power at the moment, but that can flip in a flash:
NY declining volume = 3x advancing volume (down from 4.5x)
NY declining stocks = 1.5x advancing stocks

The key is figuring out AT WHAT SPY NUMBER will the bears start covering EN MASSE
Where are all the stops concentrated ?

[this post is late…bears have just started covering… we’ll see how determined they are……]

[MrMiyagi]

rebound right at the previous low, let's see how far this rebound can go. it might have small legs at least.

No legs... no legs at all, I think it is paraplegic.

[uempel]

30min
Everyone is trying to hold double bottoms, except IWM who already broke down
AAPL (green behind QQQ) is printing a higher low and that is significant

Bears still have the power at the moment, but that can flip in a flash:
NY declining volume = 3x advancing volume (down from 4.5x)
NY declining stocks = 1.5x advancing stocks

The key is figuring out AT WHAT SPY NUMBER will the bears start covering EN MASSE
Where are all the stops concentrated ?

[this post is late…bears have just started covering… we’ll see how determined they are……]

The attachment 108thirty_png.png is no longer available

Look at this double bottom - bulls want to avoid a breakdown of 1925 at all costs.

[Junior Buffett]

SPX 1922 should hold - don't know for how long it will hold but it's solid support

uiz.png

Uempel,

your chart shows circle at top right close to 2000, so u suggesting that time cycle may take S&P to those level on oct 13th? Thank you

No, no. The crossover suggests A) a biggish move on the X-axis on October 13 and B) resistance up at 2000 on the Y-axis. The two info-pieces are not related - even though the system generates them from one single crossover point. Am I clear?

Thank you!!

[quientuves]

Lges??? Which legs? take 'em here!!

[fehro]

SPX .. minor invs h&S on 1m.. outside reversal of sorts.. 60m.. for a bounce VIX may break channel

[BullBear52x]

30min
Everyone is trying to hold double bottoms, except IWM who already broke down
AAPL (green behind QQQ) is printing a higher low and that is significant

Bears still have the power at the moment, but that can flip in a flash:
NY declining volume = 3x advancing volume (down from 4.5x)
NY declining stocks = 1.5x advancing stocks

The key is figuring out AT WHAT SPY NUMBER will the bears start covering EN MASSE
Where are all the stops concentrated ?

[this post is late…bears have just started covering… we’ll see how determined they are……]

The attachment 108thirty_png.png is no longer available

The bull will hope for support to hold and the bear will hope for the support to fail.
topping process charts pattern is clear any buying here is counter trend.

[Al_Dente]

Look at this double bottom - bulls want to avoid a breakdown of 1925 at all costs.

The attachment uu.png is no longer available

WOW thanks boss
well we know fur sure where all the stops are on the downside

All I’ve got is a completed inverted “V” formation and the potential for a bounce to 38.2% retracement
Problem with dead-cat bounces is folks get freaked out and start piling on to a squeeze
If we fail before a 38.2% retrace (or 61.8% as Papa calls it) that would be very bearish indeed