10/11/2012 Live Update

[Me XMan]

Here's another leg up to SPX 1500.
Don't let the bus run you over.

Anyone else think we get an all-day rally? Japan, Hang Seng, & India rallied nicely from their gap down.

im looking to short 1448 possible down to yesterdays low, concerned because we have only done 3 waves down we will see at 0.618 retrace. ftse already broke to the upside.

[Petsamo]

Anyone else think we get an all-day rally? Japan, Hang Seng, & India rallied nicely from their gap down.

Not sure how long it will last but there sure will be a nice bounce (unless I'm very, very mistaken )

IWM (small caps) is sitting too high. We're probably gonna drop first.

[Out of Bounds]

Tape is reading strange. Laggards showing strength while leaders show that there are sellers into this rally already. Can't quite see what is going on and I am too busy to stay and study it (I am in and out all day). Staying neutral. No trades today. GL everyone.

[Petsamo]

Did anyone have fun shorting PHK yesterday?

I was sick yesterday, not because PHK dropped 10% intraday and finished -5%, but because microscopic organisms were kicking my ass.

In my opinion, PHK is one of those securities that warrants buying more as the price drops.

[Me XMan]

Too early in the game yet and quiting already?

Tape is reading strange. Laggards showing strength while leaders show that there are sellers into this rally already. Can't quite see what is going on and I am too busy to stay and study it (I am in and out all day). Staying neutral. No trades today. GL everyone.

[uempel]

Anyone else think we get an all-day rally? Japan, Hang Seng, & India rallied nicely from their gap down.

Not sure how long it will last but there sure will be a nice bounce (unless I'm very, very mistaken )

[gappy]

Amer Intl Grp FRN 8.08%
Barclays Bk FRN 5.3%
Slm 8.45% 4.94%
Lloyds Tsb Bk 144A FRN 4.23%
North Tex Twy Auth 8.91% 3.92%
Amer Intl Grp 8.625% 3.87%
Nsg Hldgs Llc / Nsg Hldgs 144A 7.75% 3.75%
Cap One Cap V 10.25% 3.38%
Cobank Acb Pfd 144A 3.32%
Cloverie Plc, Dublin FRN 2.69%

Assets in Top 10 Holdings43.48%
PHK holdings.

[fehro]

trend lines. tagging upper line.

[Cobra]

Thank You Cobra for your members update. I bought S & P Mini yesterday after the close and am a happy Mississippi man.

You're welcome.

[KeiZai]

Here's another leg up to SPX 1500.
Don't let the bus run you over.

Anyone else think we get an all-day rally? Japan, Hang Seng, & India rallied nicely from their gap down.

im looking to short 1448 possible down to yesterdays low, concerned because we have only done 3 waves down we will see at 0.618 retrace. ftse already broke to the upside.

Slow down man we need just to shake out sheeps to continue down, that´s the market wash rinse and repeat

I don´t think we are done it would be too easy and market never is

2o8wa.jpg (41.04 KiB) Viewed 5733 times

[knock]

time for cobra's first pullback leg?

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Gap up within yesterday's range, so the gap might be filled.

For Global ES, I read this up leg as just a rebound as it even doesn't touch the Fib 38.2% yet. Given the strength of the rally, I guess this rebound may have legs.

[Al_Dente]

traderjoe
i use the old adage
"buy on the rumor, sell on the news"
sometimes it works; sometimes not

[jarbo456]

P&F charts suggest that there is going to be a tradeable bounce at 1430ish

The attachment 1.png is no longer available

any idea why another's P&F chart suggests a high pole reversal with a bearish price obj. at 1395?

appreciate your P&F chart expertise.

[Jack12]

Here's another leg up to SPX 1500.
Don't let the bus run you over.

Anyone else think we get an all-day rally? Japan, Hang Seng, & India rallied nicely from their gap down.

im looking to short 1448 possible down to yesterdays low, concerned because we have only done 3 waves down we will see at 0.618 retrace. ftse already broke to the upside.

Slow down man we need just to shake out sheeps to continue down, that´s the market wash rinse and repeat

I don´t think we are done it would be too easy and market never is
So very true took 1st shorts 1442 incase we have seen the high

2o8wa.jpg

[Al_Dente]

Follow up trader joe
These days I like the Cobra the snake the big one’s general guidance
Sell half and guard the other half with your life and a tight stop

[Cobra]

members only update at 10:00am: http://www.cobrasmarketview.com/2012/10 ... ay-update/

[KeiZai]

So very true took 1st shorts 1442 incase we have seen the high

No hurry mate if u r swinger 2 more swings (1xdown 1xup) before downtrend resume

if u are scalper then it´s OK

[TraderGirl]

AAPL found support at wedge....

Btw, my 2 cents TraderJoe: not much skin in the game, let it ride....but usually when the market is in a negative atmosphere as we are now, we get negative news, and vice versa....

[Cobra]

fib info. nothing to say, let's see how this rebound goes.

[TraderJoe]

AAPL found support at wedge....

Btw, my 2 cents TraderJoe: not much skin in the game, let it ride....but usually when the market is in a negative atmosphere as we are now, we get negative news, and vice versa....

Well put, thanks