36 replies to this topic

[bln]

Very good. Everything is progressing according to the plan. Breadth and market internals have been on sell signals for several weeks, no surprise there.

[nimblebear]

It seems to me, everyone and their brother is waiting for a pop or bounce higher soon, and perhaps even expecting this markets going to climb in short order, pending resolution of the crap in DC. You have Ben, and the Plunge Protection Team in the background, along with a 5 year history of profitting from buying any dip. I guess that mode continues until it doesn't, but if there were ever a juncture where 'buy the dip' becomes 'catching a knife', and everyone still pretty much all bulled up, sort of makes it interesting here. A slow and choppy grind lower could become sort of painful too.

[SemiBizz]

When markets are open, your best signals are going to come from the cash side... especially on a day like this one....

This beast could careless what time it is if it signals, good luck against it.

We just happen to be awake for those signals.

I see some odds building here for 1655 on the SPX... 1653.50 ESZ

ES getting there 1653.65....

1655.85...

1655.17 for gap fill #4

[SemiBizz]

So my stuff says to beware of a sudden WHOOOSH now on ESZ down to 1638.75....

under 1653.50...

We might even see that overnight...

[zoropb]

So my stuff says to beware of a sudden WHOOOSH now on ESZ down to 1638.75....

under 1653.50...

We might even see that overnight...

House Speaker Boehner will respond to the president in a statement at 4:30p ET. Heads up its spring stuff on the market time.

Update on K3 we had 2 more 1 missed by a tick target was 59 hit 58.75 2nd hit I got cute on that one stopped myself for 3 ticks instead of letting it play out and of course it hit dead on for 3.25 . So el dorko --> z blew that one.

[iloli way]

I'm getting tired of this short position. I may be exiting here, if I can find a legitimate excuse to.

M

M,

Can't sympathize more....tired of $ ; just let my chart do the talking then.

BTW, chart clipped within 5 mins of posting time.

Breaking Yellow line downward would trigger ST short, target lower Red line, stop at entry price.

Simple as that: The RED line is my "legitimate excuse", and "WHEN" at the closing time of ES, I have no excuse(.)

Edited by I Lo Li 愛樂利, 08 October 2013 - 03:27 PM.

[OEXCHAOS]

Well, it hit my target and then some.