10/11/2014 Weekend Update

[jademann]

uempel you lost me on the SPX 1991 part

[Al_Dente]

Uempel is that a typo?
Did u mean corresponds roughly with spx 1891 ?
Here’s gold

[jademann]

we are near the 200 and the 52 week MAs. Anyone buying here?

[quientuves]

Futures open is being quite negative. already touched 1880.50 surpassed 200DMA at 1887.75. Still waiting weekly MA50 at 1869.50 that is a good support for a good reaction. But i think is not strong enought to make it a even a medium term bottom.

But hey! remember i¡m a pearbear... i'm seeing the market crashing since 2011... o longer...

[BullBear52x]

I wonder of all 10 of us that hang out here who is expecting market bounce and who is expecting market crash? one vote no swing voter. it will be more accurate than the PRO polls. me thinks

[jademann]

I like the medium term h&s, so bounce

[DellGriffith]

I wonder of all 10 of us that hang out here who is expecting market bounce and who is expecting market crash? one vote no swing voter. it will be more accurate than the PRO polls. me thinks

Well, by the book, a correction is a 10% drop. We're only 5% or so off the all time highs. We can go down to 180 or so and that's still just a correction. Just not what people are used to I guess. I don't see a crash, just a correction.

[FlowerGirl]

I wonder of all 10 of us that hang out here who is expecting market bounce and who is expecting market crash? one vote no swing voter. it will be more accurate than the PRO polls. me thinks

6.18% from top (~1887 SPX) and rebound. You know I am waiting for this catch, which will be a good one, I hope.

[BullBear52x]

I wonder of all 10 of us that hang out here who is expecting market bounce and who is expecting market crash? one vote no swing voter. it will be more accurate than the PRO polls. me thinks

Well, by the book, a correction is a 10% drop. We're only 5% or so off the all time highs. We can go down to 180 or so and that's still just a correction. Just not what people are used to I guess. I don't see a crash, just a correction.

Crash is no new high in one year or more, correction there will be new high within a year, I think we see the top for the year. the projection price will not change my swing trade. I will buy and sell to my simple setup, market up or down will not change that. I vote for TOP with no new high for a year.

[jademann]

I like the medium term h&s, so bounce

which means 1960 or so in two weeks..

[DellGriffith]

[uempel]

Uempel is that a typo?
Did u mean corresponds roughly with spx 1891 ?
Here’s gold

1012 gold fx_png.png

No, last week SPX was cruising 104 - 108 handles higher than ESZ4 Typo shows that I'm a bull at heart

[uempel]

uempel you lost me on the SPX 1991 part

My typos always show a bullish bias

[Rezito]

Next POMO dates are tomorrow, Wednesday (the biggest) and Thursday is a relatively small one. Oct 21 and 23rd are rather large POMO days as well, then no more POMO. Bounce coming then down into the 24th.