11/14/2012 Live Update

[Harapa]

NOT for Intraday:
Improving VIXies histograms suggest correction may be nearing an end. I will be watching the behavior of this chart in coming days to see if we are heading for a repeat of last summer; similarities are striking.
Also SPY may find support at line below the current bar at ~ 136.50.

[TraderGirl]

GDX sitting at fib 50% in the $48 range i was anticipating. Last time we saw a rally there was a crossover on Stochastics...and then a confirmation on rate of change

[L_T]

anyone have a favorite set of moving averages they use...especially for longer term panels (weekly/monthly)?

just trying to augment with some new ideas from the group.

I find the 20, 9, and 200 EMA (in that order) to be the most useful. Problem is though the 13, 34, and 50 are also useful. If you add them all you end up with an EMA "ribbon" that (to me) is less useful and just looks like mud.

If I were only able to use one of them it would definitely be the 20 EMA. Best balance between trend change vs whipsaw that I have seen. Plus Cobra uses it a lot.

[Wallstreetrader]

Watch the mm50 weekly closely

[L_T]

SPY hit within .10 of the green line I posted earlier about. Time to go long if this low holds through the end of today? We'll see......

[Cobra]

testing resistance as expected. wait.

[Al_Dente]

GDX sitting at fib 50% in the $48 range i was anticipating. Last time we saw a rally there was a crossover on Stochastics...and then a confirmation on rate of change

I don’t see positive diverg or positive momo just yet
Do you?
(I think that’s what u r saying, right?)
Thanks TG

[KeiZai]

As doc Al use to say : "still just a flag"

[Cobra]

EMA20, Fib 38.2 and resistance mentioned earlier, if still some bears are alive here's the best place to stop bulls. wait.

[TWT]

SPX: Now I am considering a TZZ off Nov 6 peak

[Al_Dente]

As doc Al use to say : "still just a flag"

yo panda: there’s a new aussie on board
scroll back and see his nice aussie v spy chart
have u any ammo for him?
ps I ALWAYS luv yr russells thanx homie
this b me russell renko on the 5min fly intraday (with adx 1 borrowstolen from u)
the “flag” is one lousy little renko brick already………

[uempel]

anyone have a favorite set of moving averages they use...especially for longer term panels (weekly/monthly)?

just trying to augment with some new ideas from the group.

BB 13/1 with MA 9 - on the monthly, weekly, daily

haha...thanks.

i've actually been looking at those parameters pretty closely since you sent it over to me the other day. do you have a set of rules for implementing those values?

it's great for spotting existing trends, just wondering if there's a way of adding a more sensitive signal generator to assist in getting into trends a little earlier, and or avoiding choppy markets.

not looking for a holy grail, just always searching to improve.

For buys or sells there are all kinds of systems - Al_Dente and Harapa have the vixie-system, Al_Dente has about 200 systems (adds at least one new system per day), I've got my ellipses, Cobra has his zigzags, TraderLady has her stars

[MrMiyagi]

Wow DUST.... sure busted clean through my expectations!!

[Cobra]

volume surge, biggest bar, so might be a rebound here first. then we'll see.

[fehro]

messy chart.. two views. SPX daily

[KeiZai]

As doc Al use to say : "still just a flag"

yo panda: there’s a new aussie on board
scroll back and see his nice aussie v spy chart
have u any ammo for him?
ps I ALWAYS luv yr russells thanx homie
this b me russell renko on the 5min fly intraday (with adx 1 borrowstolen from u)
the “flag” is one lousy little renko brick already………

1114tnarenko.png

Yeah hi aussie nothing against u but I am shorting u

will finish 5w (a) then 3w back b and c down and it´s done = I am buying risk

same with other stuff downtrend is in very mature stage, check euro, commodities etc they are saying "be ready"

[MrMiyagi]

Jeez.. I guess we're never going back up again.. EVER..

[TraderGirl]

GDX sitting at fib 50% in the $48 range i was anticipating. Last time we saw a rally there was a crossover on Stochastics...and then a confirmation on rate of change

I don’t see positive diverg or positive momo just yet
Do you?
(I think that’s what u r saying, right?)
Thanks TG

There is no pos d, but at the same time...the low on May 16th didn't have pos d, yet it rallied hard...

Gold Miners seem to be following the market, so there is the possibility of a low on the 15th, a crest around 20/21st, then another low around 28/29th... I just don't know if the low on the 28/29th is a lower low...the count on the SPX and DOW indicate it could be a lower low, and the astro's are very negative 23rd to 27th, so my assumption is that gold miners will hit another low around that time...IMHO...

[uempel]

I've got support at 1365ish, but there is better support down at 1355. And I very much like 1340 (see chart) and the 377 MA at 1317

[Cobra]

not sure about this rebound target, even it is, still it's a weak rebound.