12/18/2015 Live Update

[MrMiyagi]

Thxs! Working now. Soooooooo appreciate all your efforts for tracking these! Cheers!

You're welcome

thank you. have u load some call? for weekend?

Not at this point.

[MrMiyagi]

[Out of Bounds]

200.98 picked up a truckload more longs. Now fully committed. My conviction has not changed though I may very well be incredibly wrong

Hoping for a big "weekend's here" bounce

[MrMiyagi]

200.98 picked up a truckload more longs. Now fully committed. My conviction has not changed though I may very well be incredibly wrong

Hoping for a big "weekend's here" bounce

I'm rooting for you OOB wan kan-OOB

[fehro]

Transports back to Spring 2014 levels..(guess those fuel cost savings aren't working ) Weekly candles. .. not pretty.. . at the same level as Monday, bulls 3 days up, bears back down in 2

[Denali92]

200.98 picked up a truckload more longs. Now fully committed. My conviction has not changed though I may very well be incredibly wrong

Hoping for a big "weekend's here" bounce

If no bounce today, then you should get one by Wednesday..... we might need a break of SPX 1993 first.

Right now, we are looking at one of the most negative quad opex days in a long time. Dec 2000 was minus 28.8 on the SPX. Market bottomed on the Thursday after opex and traded back to the opex day highs by the end of the year. it was a wild ride back then.

-D

[Out of Bounds]

200.98 picked up a truckload more longs. Now fully committed. My conviction has not changed though I may very well be incredibly wrong

Hoping for a big "weekend's here" bounce

I'm rooting for you OOB wan kan-OOB

My powers seem to be ...lacking.

[Out of Bounds]

At least my BBRY is having a good day!

[fehro]

200.98 picked up a truckload more longs. Now fully committed. My conviction has not changed though I may very well be incredibly wrong

Hoping for a big "weekend's here" bounce

Depending on today's close.. 2 hours yet.. we could hammer daily .. or we close weak then look for a doji on lower low, small range day Monday? .. then go on Tuesday into the end of the week.. with most MM gone.. and retail trading & volume "usually" bullish… pushing it up for a Santa rally - aka bounce. fwiw.

[Out of Bounds]

... had to call in a few favors.

[daytradingES]

Hi Joe,

I should add a bit about how estimates are used.

They are initial est prior to the open.
After trading starts you may get info that they are wrong.

Today it has drifted downwards. There was a high at 2023.25
As it moved down the possibility increases that HOD is in and then I would subtract the est rng from the now known HE 2023.25.

This is a 5 min chart and shows the stop estimates.
With computed level about 2002.25 in the area of 2003.50 you would change the est dir to -1 =down and prefer shorting.
Of course the trick is to know when the before-the-open estimates (dir =+1) are wrong and soon enough to switch gears.

In hindsight there was a high in the pre open 2029.75 at 8:22. This would be a clue as the open was 2022. (but I was rushing through calculations and so discouraged from missing yesterday - my heart wasn't in it.)

The point of this post is that if you can tell then you can adjust my pre-open in the manner shown in this post.

[MrMiyagi]

IWM intraday bottom?

[josephli]

Hi Joe,

I should add a bit about how estimates are used.

They are initial est prior to the open.
After trading starts you may get info that they are wrong.

Today it has drifted downwards. There was a high at 2023.25
As it moved down the possibility increases that HOD is in and then I would subtract the est rng from the now known HE 2023.25.

This is a 5 min chart and shows the stop estimates.
With computed level about 2002.25 in the area of 2003.50 you would change the est dir to -1 =down and prefer shorting.
Of course the trick is to know when the before-the-open estimates (dir =+1) are wrong and soon enough to switch gears.

In hindsight there was a high in the pre open 2029.75 at 8:22. This would be a clue as the open was 2022. (but I was rushing through calculations and so discouraged from missing yesterday - my heart wasn't in it.)

The point of this post is that if you can tell then you can adjust my pre-open in the manner shown in this post.

Thank you for explanation, though I have no idea how this system might work, mainly because I work from a different philosophy.

[Cobra]

double bottom breakout.

[fehro]

SPX

[Cobra]

mini rebound target. exceeds it then bulls are serious.

[josephli]

uempel:

you are very right that the r/r ratio seems to be lower than usual on quad ex day. even the short covering is nothing like a couple day ago.

[nikman]

Thanks Mr. B. Happy holidays and happy new year!

OK. Flat now. Stops were hit.

Perhaps the campaign is over, but I am inclined to reload on a capitulation flush or clear technical turn.
The NYMO cycle is up.

This will be my last post for the year.
I wish for everybody the happiest of holidays.
Ho Ho Ho!

[fehro]

VIX 1m still wild..

[MrMiyagi]

!!! POWER HOUR !!!