11/22/2013 Live Update

[TraderGirl]

It's possible to find resistance in this area...??

That resistance area held so far....now let's see how the waves work out...

[Cobra]

100% mm, I must be dreaming. someone wakes me up please.

[quientuves]

100% mm, I must be dreaming. someone wakes me up please.

Can't be possible...

[uempel]

I presume bulls will do everything to finish the week at a new high. They don't want a double top with the privious high at SPX 1802

[Cobra]

forget about 100% mm, it is a dream. now 2nd test of day high, key time. I won't count on reversal though.

[TWT]

$SPX: This up leg does not look impulsive = 2 options

[Cobra]

100% mm, I must be dreaming. someone wakes me up please.

Can't be possible...

[koolblue]

Well so far ,so good, but its starting to get late...

[Auole]

However, close here gives neat little hammer. Hammer bullish only if @ bottom of a trend.

[fehro]

my messy VIX 15m.. possible.. kinda falling wedge...

[MrMiyagi]

Two to go

[Cobra]

C&H target.

[champix]

dax real breakout?

[fehro]

Index 5m... some new all time highs.... RUT, INDU, SPX, .

[uempel]

I posted an Outlook for 2014 an hour ago. GS predicts a high of SPX 1900 end of 2014 (end of 2014, not 2013). That's only 5.5 percent above SPX today. Doesn't make much sense for GS clients to stay long for 12 months and make 5.5 percent. I presume quite a few are selling longs/buying puts/buying VIX and want to pick up longs down below

[uempel]

Well so far ,so good, but its starting to get late...

Why "late" - please explain. I'd like to know more about your system

[koolblue]

Personally, i think a decent correction happens in jan, right after the holidays....then a 2-3 month rise to new highs into Mar-April and finally ..the big one!l

[koolblue]

Well so far ,so good, but its starting to get late...

Why "late" - please explain. I'd like to know more about your system

...Ijust mean that usually they run up late in the day, but i hate being in the market that last hour...so im hoping for 1803 soon..just in case i just sold half my long at 1801.25 so im ok

[fehro]

I posted an Outlook for 2014 an hour ago. GS predicts a high of SPX 1900 end of 2014 (end of 2014, not 2013). That's only 5.5 percent above SPX today. Doesn't make much sense for GS clients to stay long for 12 months and make 5.5 percent. I presume quite a few are selling longs/buying puts/buying VIX and want to pick up longs down below

http://www.ritholtz.com/blog/2013/11/se ... ured-move/

Further, given the Fed’s role in driving stock prices, once “the Taper” begins, all bets are off as to whether we stay in the new trading range above SPX 1576.

[uempel]

Personally, i think a decent correction happens in jan, right after the holidays....then a 2-3 month rise to new highs into Mar-April and finally ..the big one!l

Did you see that GS prediction of 1900 for end of 2014? Makes me wonder.