10/03/2012 Live Update

[Harapa]

PAGING HARAPA
I still have them on agree long from today’s open
They didn’t CROSS to agree sell (QQQ)

103vix.png

Thanks, need to get back.

[Al_Dente]

indeed pullback is over. this rebound should have another small leg.

Do you have any stats / experience with divergences on 1 minute (bull vs bear), seems it worked much better to pick downside today

cobra1min1003.png

thats nice and clean joey
what ma?

[Cobra]

guys, before the close, please take a little time to vote for me, thanks. http://stockcharts.com/public/1684859/tenpp

[stucap]

Close above 1452ish SPX will signal a triangle breakout IMHO.

Something has to give here though with the big sell off in energy. Either energy has a pop tomorrow with equity or equity drops to catch up to energy.

OR we all buy AAPL.

[fehro]

little divergence with RUT.. still red

[Harapa]

I see one last stand point for bears but today's time is running out, bulls will just take the ball and sit out. game's over.

Agree, one of my VIX futures is just a little bit shy of issuing a buy.

[joe-gamma]

who would let this happen........
why waste valuable bandwidth-even if its free.


YouTube will also stream the October 11 debate between Vice President Joe Biden and Republican Paul Ryan, and the two remaining presidential debates on October 16 and 22.

Anybody got intrade spread on bidn vs ryan smackdown?
Read more: http://www.smh.com.au/technology/techno ... z28Gcw47HO

[joe-gamma]

indeed pullback is over. this rebound should have another small leg.

Do you have any stats / experience with divergences on 1 minute (bull vs bear), seems it worked much better to pick downside today

cobra1min1003.png

thats nice and clean joey
what ma?

Page 3 Cobra King , vote here ....http://stockcharts.com/public/1684859/tenpp/3.looks to be 1 minute spy + rsi (period n/k)

[TraderGirl]

Well, there was a strong turn down on Monday, and tomorrow is another turn, so up or down, could be pretty big...??

Any guess up or down? We are still stuck in this triangle.

I'm clueless, VIX trading in a triangle, could break down, or go back up to break out

TMF sitting right at resistance, looks like it wants to break to the upside

XIV getting neg d, but at this point not giving any clues

/DX sitting at resistance could break either way

My charts are ambiguous

Although astro's are negative tomorrow, so...??

And there is a strong turn date of 5/8th time period...so my bet is we could be down into that time period....

im guessing of course....

[Cobra]

well, guess that's it for today. not sure if the 2nd attempt on the high failed today, so hard to call, let's wait for tomorrow. thank you guys, I'll see you tomorrow.

[joe-gamma]

Any firm spreadsheet convictions from PETSAMO today?

[MrMiyagi]

AAPL

[KeiZai]

Well, there was a strong turn down on Monday, and tomorrow is another turn, so up or down, could be pretty big...??

Any guess up or down? We are still stuck in this triangle.

I'm clueless, VIX trading in a triangle, could break down, or go back up to break out

TMF sitting right at resistance, looks like it wants to break to the upside

XIV getting neg d, but at this point not giving any clues

/DX sitting at resistance could break either way

My charts are ambiguous

Although astro's are negative tomorrow, so...??

And there is a strong turn date of 5/8th time period...so my bet is we could be down into that time period....

im guessing of course....

You are not alone TG overall picture is maybe just a little more bullish as bearish but that can change overnight

[ClarkW]

GDX ended up holding the 50% fib level, never closed below it (on 30 min). Hanging by a thread me hopes

[Petsamo]

Any firm spreadsheet convictions from PETSAMO today?

Neutral, even on Germany

[KeiZai]

DAX with possible rising wedge, not betting on it

[joe-gamma]

Any firm spreadsheet convictions from PETSAMO today?

Neutral, even on Germany

thank you!

[TraderGirl]

i'm still holding out for the idea that TNA/IWM will get it's 5 wave down....

[joe-gamma]

AAPL

you da man, now they tell us qqqs will rotate back down toward 6842is level...

[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

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/

todays ADP = good
doesn’t that usually frontrun Fridays NFP?
= bullish
(correct me if I’m wrong, pls)

Don't know Al. I don't track this closely. My recollection is that sometimes ADP foreshadows right and sometimes wrong. Don't know the stats of being right though.
Concerning Friday, I think Cobra watches for reversals on employment days...that is ultimate reaction to report can be different from initial reaction to report.
Correct me if I'm wrong Cobra please.
So, could be a two way trade on Friday, but for uempel's observation, it's the close that will count.