10/10/2012 Live Update

[noob]

target met.

But there's more? Is today a strong trend day?

[Mr. T]

target met.

But there's more? Is today a strong trend day?

Oh yes there's more..... the bears were starved almost to death: They hungry.
Only thing is, when you don't eat for a long time - the stomach shrinks. Bears eyes are bigger than their mouths.
It'll reverse suddenly when they get a tummy ache.

[Al_Dente]

geeezzz even intraday aapl [edit: 5min chart] is looking dome-ish
or is it my imagination

[fehro]

well so much for that wedge and pos d. .. but on possible support. trend line tagged.

[EvilTrader]

Im about to enter long for an intrday swing

wish me luck

[uempel]

Thanks Al, I just checked out the dome you sent me. I don't see that aapl has not bottomed yet. I was curious about aapl because of its power to push around the indices.

As to music: listen to these two, music starts at 1:50

http://www.youtube.com/watch?v=ZsNlcr4frs4

[TWT]

SPX: Wave 3 could be extending lower

[fehro]

tagged and undercut the SPX 60m trend line.. careful.

[Mr. BachNut]

My intra-day NYMO read has reached over-sold territory.
It can get a lot more oversold though.
I am guessing there may be a load of sell stops under SPY 143.
If the bulls don't play some defense soon...

[Cobra]

members only update at 1:10pm: http://www.cobrasmarketview.com/2012/10 ... ay-update/

[Out of Bounds]

SPY on lower BB and band has turned lower. Band width had predicted that it had narrowed too much and that it would expand. It is now expanding but notice that further expansion now means further SPY moves down. 4 days ago it would have meant upward. This may be the low for the day but expect more to come in the next few days unless we get a rally to 147

[Jack12]

IMO only. Not for trading
Closed all shorts at 1430, will wait out wave 5 before going long

[Cobra]

lunch time, will be back. this rebound shall fail.

[uempel]

It would be kind of neat if there was a bounce here - but ain't it too obvious? My scenario is a bear trap down to 1427ish and then a snap back. But sometimes I'm too and miss a move. Whatever, I'm waiting for 2:00 p.m.

[Al_Dente]

As to music: listen to these two, music starts at 1:50
http://www.youtube.com/watch?v=ZsNlcr4frs4

BRILLIANT, THANKS

[daytradingES]

Im about to enter long for an intrday swing

wish me luck

good luck evil!!

[TWT]

FADX: Short term count (wave 3 could be extending)

[Al_Dente]

30 min
SPY found support right on top of the 9/13 QE3 pink line
Others broke below, only DIA is holding above that line

[Jack12]

Im about to enter long for an intrday swing

wish me luck

good luck evil!!

Where is your stoploss?

[uempel]

I'm bewildered, was this the real thing, or will be see a second dip in 17 minutes?