11/14/2012 Live Update

[Al_Dente]

PAGING UEMPEL
“”””Al_Dente has about 200 systems (adds at least one new system per day)””””

Speaking of which, i’m not sure how long i can call u the “King of the Bullish Percents” when u won’t even PEEK at the BPFINA
Everyone knows that banks lead sometimes usually often depending not
Also there’s your 200dma as dark as I can make it

[ClarkW]

PAGE CLARK
Look at the 60 min gdx I just posted
Top panel gold is cobra’s ChiOsc 3/10 default
Each time gdx went above the ZERO line and moved back down and crossed BELOW the zero line it signaled a top
It’s NOT supposed to be like that
But it is what it is
Comments?

Sorry, just got out of a meeting. Interesting, I would think it points to the lack of love GDX is getting. Seems while the media and talking heads are worried about inflation, investors in GDX are more concerned about deflation. Just my opinion.

[fehro]

10:00 am : Equities have shown little reaction to the latest business inventory data. The S&P 500 is currently flat.

During September, inventories rose by 0.7%, which is slightly above the 0.6% increase that had been expected by the Briefing.com consensus. This follows prior month's reading of a 0.6% increase.DJ30 -4.65 NASDAQ +7.38 SP500 +0.52 NASDAQ Adv/Vol/Dec 1002/294.9 mln/1017 NYSE Adv/Vol/Dec 1206/84.3 mln/1530

FOMC coming up...

[jarbo456]

FB getting a nice ramp to dump locked up shares into?

Or a legitimate fundamental reason to buy on news of its jobs/recruiting app?

I think the former - but that's just an opinion.

[KeiZai]

Too slow again, for fun : maybe small h&S?

[Jack12]

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

You looking at an upside down chart..again?

[SB73]

This data is 3 days old, but it doesn't change the overall conclusions. Also, I believe it to be materially correct, but there may be some errors.

Conclusions 1- Gaps higher occur about 55% of the time. Gaps down are generally just slightly larger than gaps higher. Gaps generally average about 0.5%. Some additional conclusions not shown here are that on average the market closes higher than open 53.5% of the time over the last 3,000 trading sessions. My count also shows 169 gaps higher of 1% or more in the last 3,000 sessions vs 182 lower.

Gap Up Gap Down % Up Up Avg Down Avg
Last 10 5 5 50.0% 0.43% -0.29%
Last 25 13 12 52.0% 0.38% -0.30%
Last 50 28 22 56.0% 0.32% -0.25%
Last 100 54 46 54.0% 0.38% -0.33%
Last 250 131 118 52.6% 0.46% -0.40%
Last 500 262 236 52.6% 0.51% -0.51%
Last 750 397 350 53.1% 0.51% -0.51%
Last 1000 566 495 53.3% 0.63% -0.68%
Last 1500 805 685 54.0% 0.56% -0.62%
Last 2000 1086 898 54.7% 0.48% -0.52%
Last 2500 1367 1113 55.1% 0.44% -0.47%
Last 3000 1604 1373 53.9% 0.45% -0.49%

[SB73]

Not sure why the data posts that way, but the colums are # of trading sessions, gap up, gap down, % up (frequency of gap higher), up Avg (% higher on gap up) down Avg (% lower on gap down).

This data is 3 days old, but it doesn't change the overall conclusions. Also, I believe it to be materially correct, but there may be some errors.

Conclusions 1- Gaps higher occur about 55% of the time. Gaps down are generally just slightly larger than gaps higher. Gaps generally average about 0.5%. Some additional conclusions not shown here are that on average the market closes higher than open 53.5% of the time over the last 3,000 trading sessions. My count also shows 169 gaps higher of 1% or more in the last 3,000 sessions vs 182 lower.

Gap Up Gap Down % Up Up Avg Down Avg
Last 10 5 5 50.0% 0.43% -0.29%
Last 25 13 12 52.0% 0.38% -0.30%
Last 50 28 22 56.0% 0.32% -0.25%
Last 100 54 46 54.0% 0.38% -0.33%
Last 250 131 118 52.6% 0.46% -0.40%
Last 500 262 236 52.6% 0.51% -0.51%
Last 750 397 350 53.1% 0.51% -0.51%
Last 1000 566 495 53.3% 0.63% -0.68%
Last 1500 805 685 54.0% 0.56% -0.62%
Last 2000 1086 898 54.7% 0.48% -0.52%
Last 2500 1367 1113 55.1% 0.44% -0.47%
Last 3000 1604 1373 53.9% 0.45% -0.49%

[fehro]

H&S IYR daily

[KeiZai]

AG

Ready to fly?....or one more shoulder?

silver

[rusrod]

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...

Hi TraderGirl,
In my very limited experience the only "tells" that I can see for that bounce at May 18th was that NYMO dipped below -100 and this UDN signal...

[Petsamo]

What needs to happen to make you want to place bets on a gap up or gap down ?

Not sure why the data posts that way, but the colums are # of trading sessions, gap up, gap down, % up (frequency of gap higher), up Avg (% higher on gap up) down Avg (% lower on gap down).

This data is 3 days old, but it doesn't change the overall conclusions. Also, I believe it to be materially correct, but there may be some errors.

Conclusions 1- Gaps higher occur about 55% of the time. Gaps down are generally just slightly larger than gaps higher. Gaps generally average about 0.5%. Some additional conclusions not shown here are that on average the market closes higher than open 53.5% of the time over the last 3,000 trading sessions. My count also shows 169 gaps higher of 1% or more in the last 3,000 sessions vs 182 lower.

Gap Up Gap Down % Up Up Avg Down Avg
Last 10 5 5 50.0% 0.43% -0.29%
Last 25 13 12 52.0% 0.38% -0.30%
Last 50 28 22 56.0% 0.32% -0.25%
Last 100 54 46 54.0% 0.38% -0.33%
Last 250 131 118 52.6% 0.46% -0.40%
Last 500 262 236 52.6% 0.51% -0.51%
Last 750 397 350 53.1% 0.51% -0.51%
Last 1000 566 495 53.3% 0.63% -0.68%
Last 1500 805 685 54.0% 0.56% -0.62%
Last 2000 1086 898 54.7% 0.48% -0.52%
Last 2500 1367 1113 55.1% 0.44% -0.47%
Last 3000 1604 1373 53.9% 0.45% -0.49%

[MrMiyagi]

SPY 10 minute turning up; not much room to go though, 137.45$ if the nitro pills work.

[Cobra]

the chart is bearish biased, likely to breakdown. lunch time, will be back.

[pezhead9000]

QQQ retracement comparisons - Blue boxes all match the orange. Summer of '11 was bigger but not much more. Current RSI has flat-lined...

[Al_Dente]

Nydec 2400
Oversold grizzly
Spy testing low
We need a fresh low here….. otherwise bounce is due
Intraday only

[Mr. BachNut]

Getting a pretty solid MO oversold reading now.
This can continue and get more oversold (and readily accomodate the 1340 in eumpel's chart) in the days ahead.
Nonetheless, it suggests a short term low may set between now and early next week.

[KeiZai]

2 more charts then I gtg

yahoo update : viewtopic.php?f=2&t=716&p=102244#p102244

Imho there is still a looong way ahead (in 3rd wave maybe just of first one, who knows)

Caterpillar with nice squeeze, if fire to the downside then 68.50 should be the target or more likely 60, too bad because I like their trucks maybe I buy one

GL

[uempel]

PAGING UEMPEL
“”””Al_Dente has about 200 systems (adds at least one new system per day)””””

Speaking of which, i’m not sure how long i can call u the “King of the Bullish Percents” when u won’t even PEEK at the BPFINA
Everyone knows that banks lead sometimes usually often depending not
Also there’s your 200dma as dark as I can make it

1114bpfina.png

I don't have to peek at BPFINA as long as the financial Industry is 8% of GDP and profits are sliding. BPFINA won't rise for the next few years. The decline of the financial industry will go on until it finds a new equilibrium, perhaps around 5% of GDP.

But if you wish, I will post BPFINA

As to being K of BPs, I'm glad to be degraded. Or do I first have to get caught in some kind of illegitimate affair (with TraderLady?) here in the forum before you rip the crown from my head and feed my old body to the sharks

[Harapa]

VIXies Update:
Per this setup, VIXies are not yet with the bulls. Need to see a decisive breakout of green line for this to happen.
(Last update during the regular session). Bye for Now!