10/05/2012 Live Update

[Cobra]

ascending triangle target.

[Harapa]

My currencies momentum model also turned bullish at the open. I am now 90% long. Just need to keep my eyes open

Good luck to you all.

[Al_Dente]

internals confirm "bull trend" day at the moment

[TraderJoe]

I also said that there is a BIG reversal coming for silver/gold around Oct 12th....big smack down possibly?...

Silver & gold are both due for a 10-20% pullback, I think..

Well here is a chart on COT for Silver compared to a chart of Silver for the same time period...

The last low on the COT chart was in March of 2012 when silver was seeing a rebound...

Now there is another low on the COT chart...

VERY interesting

[noob]

Cobra, morning, does the open high usually go lower pattern still work for NFP day? Thx.

Not sure anymore because there's QE anyway. In the past, a good job data means rate hike, but nowadays, the rate won't go high anyway, so hard to say if open high go lower again.

Great thanks! Does a red day still signal turning points? I wonder.

yes. but do you think it's possible today would close in red?

Why not aapl looking pretty weak here.

[KeiZai]

Here is russell chart, squeeze fired hour ago

[TraderGirl]

New high in Dow...made it through resistance....

[Cobra]

no far from the previous high now.

[Al_Dente]

DIA is pennies away from breakout above 9/14 (FOMC-QE) high
OR double top
(better double check)

[KeiZai]

Russell now trying to get back above old trendline (little pause here?)

[TraderJoe]

Here is a stock to watch, it's up 50% in 3 weeks... SAND

[uempel]

Update with a 2 hour chart - quite interesting:

[KeiZai]

FSLR somebody?

[fehro]

trend lines.

[Me XMan]

UP UP and AWAY WE GO!

[uempel]

Flag October 26th in your agenda: long term daily SPX gives a signal, and appl publishes results Thursday 25th - after the close

[KENA]

The Algo is starting up..Liquidity still hi..Weak stocks decreasing..Strong stocks increasing ..accumulation increasing..Lots of CALLS at the 1470 area which is RES and could have the mkt pull back somewhat..Looks like the DOW could run the 13800 level but may not break the 14000 level so bulls have some room to run so watch for a mkt turn in the 13800-14000 level.My swing trading is based on these levels but ready to push the button anytime.GTTA

chart by stocktiming

[Al_Dente]

AAPL is the drag

[TWT]

SPX: Short term count

[Me XMan]

+1

The Algo is starting up..Liquidity still hi..Weak stocks decreasing..Strong stocks increasing ..accumulation increasing..Lots of CALLS at the 1470 area which is RES and could have the mkt pull back somewhat..Looks like the DOW could run the 13800 level but may not break the 14000 level so bulls have some room to run so watch for a mkt turn in the 13800-14000 level.My swing trading is based on these levels but ready to push the button anytime.GTTA

algo.png