11/02/2012 Live Update

[ClarkW]

BIG gap down for GDX and continuation on the downside. Pullback soon? Still holding DUST. If we continue down today could have island reversal BUT Bulkowski has island reversals as THE WORST chart pattern at predicting anything

[Me XMan]

Good looking chart and I'm with you.

If we cannot break the 50dma now at 1432.56 and hold above it the mkt may move dn..Like I said yesterday could move to 1310/1320 if it breaks the 200dma.

121101 Sp500.jpg

[ClarkW]

I FEEL FANTASTIC!!!

Yea man, we get it. If the market is going with you, you feel great and versa vice.

Gambling on ABX, long 36.06, 30 shares

Thanks to whomever posted the chart on GDX yesterday and giving their bearish explanation. I didn't take a long position and I'm glad I didn't. Looks like the downtrend will resume from here based on weakness in earnings reports of it's components.

You are welcome L_T, glad it helped you

[Petsamo]

I FEEL FANTASTIC!!!

Yea man, we get it. If the market is going with you, you feel great and versa vice.

Gambling on ABX, long 36.06, 30 shares

Thanks to whomever posted the chart on GDX yesterday and giving their bearish explanation. I didn't take a long position and I'm glad I didn't. Looks like the downtrend will resume from here based on weakness in earnings reports of it's components.

I'm hoping for a bounce. ABX has a 1.9% dividend yield. It's better than nothing.

[Me XMan]

Closing the gap

I'm hoping for a bounce

[SB73]

Clark W - Looks like you got the breakdown on UNG and NUGT (DUST). Wow messing with NUGT / DUST is very volatile. Good luck.

[uempel]

Let's watch this chart today:

The attachment 44.png is no longer available

short-term reversal here?

There's resistance at 1431/32, that's all.

[louie]

I FEEL FANTASTIC!!!

Yea man, we get it. If the market is going with you, you feel great and versa vice.

Gambling on ABX, long 36.06, 30 shares

Thanks to whomever posted the chart on GDX yesterday and giving their bearish explanation. I didn't take a long position and I'm glad I didn't. Looks like the downtrend will resume from here based on weakness in earnings reports of it's components.

You are welcome L_T, glad it helped you

Youre charts helped me too. bought 1k shares DUST at 23.75!

[ClarkW]

Clark W - Looks like you got the breakdown on UNG and NUGT (DUST). Wow messing with NUGT / DUST is very volatile. Good luck.

I did, thanks SB73. But likely taking SOME gains today. They are crack for sure and can change on a dime but DUST and KOLD are looking good today.

[ClarkW]

I FEEL FANTASTIC!!!

Yea man, we get it. If the market is going with you, you feel great and versa vice.

Gambling on ABX, long 36.06, 30 shares

Thanks to whomever posted the chart on GDX yesterday and giving their bearish explanation. I didn't take a long position and I'm glad I didn't. Looks like the downtrend will resume from here based on weakness in earnings reports of it's components.

You are welcome L_T, glad it helped you

Youre charts helped me too. bought 1k shares DUST at 23.75!

You have balls of steel my friend. Congrats!!

[Al_Dente]

A/D and volume ratios in green behind spy show the deterioration
When that picks up so will spy

[Jack12]

If we cannot break the 50dma now at 1432.56 and hold above it the mkt may move dn..Like I said yesterday could move to 1310/1320 if it breaks the 200dma.

The attachment 121101 Sp500.jpg is no longer available

Took an impulse short at 1435 for the same reason.
Saw this pic and thought of you, maybe just a bad hair day!!

[KENA]

Comment on Al_D ( the boss) dome chart of apple.IMO the dome is still in and if it breaks dn the dome low could be 560..It is red today so lets see what happens.

[Cobra]

the 4th morning hourly black bar. my question is: will the 4th time be different?

[Petsamo]

I meant to post this in pre-market.

I noticed that if the market has a big rally, then it gaps up the following day, the first thing that happens is we have a sell off.

I don't have statistics.

[KENA]

If we cannot break the 50dma now at 1432.56 and hold above it the mkt may move dn..Like I said yesterday could move to 1310/1320 if it breaks the 200dma.

121101 Sp500.jpg

Took an impulse short at 1435 for the same reason.
Saw this pic and thought of you, maybe just a bad hair day!!

Hey...I like that one,Going to save this one.

[Al_Dente]

Comment on Al_D ( the boss) dome chart of apple.IMO the dome is still in and if it breaks dn the dome low could be 560..It is red today so lets see what happens.

Thanks boss
Here she is on the daily
Q: what will bust/negate this (or any dome) on the upside, a breakout of xxxx what or where?

[gappy]

Election cycle.PNG

[uempel]

Update:

[Al_Dente]

KENA
Boss here’s my other dome example I've been updating periodically
I think the dome on CORN is busted/invalidated
But I can’t intelligently describe when how where etc