10/26/2012 Live Update

[Me XMan]

Do we have double bottom?

resistance.

[MrMiyagi]

Where's that P-Bar to 1500 Miyagi????

They're re-tooling at the moment.

[TraderGirl]

Where's that P-Bar to 1500 Miyagi????

They're re-tooling at the moment.

Anything on IWM?

[uempel]

Very weak market too risky to be long

XIV

DAX likes zig-zags, zig today 7150 to 7250, then back to 7310 at 4:54 p.m. CET and zag on Monday up to 7310.... Sometimes it works like a clockwork

[KENA]

WHERE IS KENA ????
youwhooooooo...........

I haven been in and out lately..Mostly just checking the mkt once awhile..Got company coming in again today so will not be doing much..Looking for a bounce here anytime to test 1435 area then lets see.

[Cobra]

still fighting resistance. now it's OR low as resistance. bears really cannot afford to lose here otherwise it's a double bottom.

[Hubon]

AUD (risk currency)

AUD26.png

love the panda
and the charts

I love this pic! I need to laugh all the time I saw it...(I stole it from Hubon so I hope he is OK with that )

Haha I love this pic too no problem

[Petsamo]

6.09 million buy on SPY

[Al_Dente]

WHERE IS KENA ????...........

I haven been in and out lately..Mostly just checking the mkt once awhile..Got company coming in again today so will not be doing much..Looking for a bounce here anytime to test 1435 area then lets see.

Kena: can u help me on this dome when u have time
It is playing out like it is supposed to: the “eventual” mean-reversion down to the base of the dome at 570
Actually last night’s after-hours fiasco showed a low of 585.12 where it found support
Today’s low = 600.40 seems to have strong support at 600 (?)
Q: I don’t think after hours counts, right?
Q: can we still have a bottom target of 570-ish?
MOST IMPORTANT Q: what will bust/negate this (or any dome) on the upside, a breakout of xxxx what or where?
Thanks very much

[MrMiyagi]

Anything on IWM?

No, only on QQQ so far.

[lesgray]

Test post

[Petsamo]

That p-bar on SPY pointing to 141.10 was met

[uempel]

6.09 million buy on SPY

[ClarkW]

UNG honored the tl for now intraday, looks like a bounce is coming but trend still down in my opinion

[Petsamo]

6.09 million buy on SPY

Those things sometimes don't work

[KeiZai]

Very weak market too risky to be long

XIV

DAX likes zig-zags, zig today 7150 to 7250, then back to 7310 at 4:54 p.m. CET and zag on Monday up to 7310.... Sometimes it works like a clockwork

I hope he will go to 7310 or so but so far it looks like never ending bull flag I sold my long although I think he will met the target

I will wait one more more hour if nothing happen then maybe on monday

[lesgray]

Test "quick reply"

[TraderGirl]

I believe I may have counted the Dow wrong...looking at the chart again...I am seeing a possible ending pattern...ABC down...??

There are a couple of possible scenarios, that we see a bottom on Monday, or we see a bottom Monday, bounce in wave (4) then down again. My long term chart had a target of 12,900-13,000 Dow then bounce into another high or double top, so we are in that price zone...

I have a chart that looks like we could be lower on Monday morning, then we bounce mid morning...don't know yet what the rest of the day on Monday or rest of the week looks like yet...

I guess Monday we should have a better idea of what could happen...??? uempel also has a signal for Monday...???

[Al_Dente]

6.09 million buy on SPY

hmmm i saw it as 7 million sell
red

[Hubon]

Panda is worried now because of the weak rebound, he went long in the opening and did not listen to Cobra