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Channel Guide

by The MoleNovember 2, 2009

We could be anywhere at this point – but the chances for this being Minuette (ii) were drastically reduced when we made new lows at about 12:30pm EDT. So until this tape drops a bit more let’s look at a simple channel chart for short term break out/down potentials:

Seems like we’re taking a turn for the steeper – which supporting the current downtrend scenario. Actually I would have liked to see a little more of a pop but am not complaining if this still is a third wave which decided to continue lower.

3:19pm EDT: Just a thought on the Dollar:

We would need another drop here and then a bust higher. It’s a possibility as triangles often occur as fourth waves. The only difference is that futures and currencies like to extend their 5th waves, so what follows could be a long push higher.

Hey, of course I might be completely off the mark on this one – thoughts appreciated.

3:26pm EDT: They are heee-eeeeree…!!

The signs for a looming reversal that is. Add to that some developing divergence in the Zero Lite, which I will show you rats later.

3:43pm EDT: We are at VWAP on ES (1038.25) and NQ (1668.5) now – if you seek to hedge today then these is your uncle point. NYSE A/D around 0.97 right now.


About The Author
The Mole
Mole created Evil Speculator amidst the chaos of the financial crisis in early August of 2008. His vision for Evil Speculator is a refuge of reason, hands-on trading knowledge, and inspiration for traders of all ages and stripes. You can follow him and his nefarious schemes at the usual social media waterholes.
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  • fuw

    Update on euro/USD 1h:

    http://www.screencast.com/t/O6lcImiC7LqU

    Tringle in Euro/USD shaping up? Other than that we're still only bouncing around.

  • Tronacate

    LQD down today also

  • Tronacate

    PALM doing a Corbet's also…..skiing is popular today……tuck and let em run down the hill baby

  • AS2009

    Entered PALM Dec 11 puts @ 1.43 – based on the huge writeup I did last night … tgt 10 ..

  • thunda72

    My FAS puts are doing beautifully. I jumped in a tad early this morning, but am keeping an eye out for 13.44 on XLF for resistance as it is the big 23.6% RL of this whole rally. GLTA

  • BigHouse(Aka Mr Vix)

    Poor LVS going down the toilet lol

  • http://sshamster.blogspot.com/ Stainless_Steel_Hamster

    i can count us on a 4 of a new impulse down from yesterday's high

  • BigHouse(Aka Mr Vix)

    i love this market dripping down….

  • AS2009

    I would keep an eye on 13.69 – 100 MA on the daily…

  • BigHouse(Aka Mr Vix)

    Look for VIX to breakout past its highs of 31.59 🙂

  • thunda72

    Got it… thanks!

  • centerline

    I snapped up a bunch of the Nov 11's this morning for quick hit and run (I was in a cheapskate mood this morning). Up 38% right now. I do think it is heading to 10 – but I probably sell out today and re-enter on the Dec 11's at some point soon if I think I can make a good entry at that point.

  • http://sshamster.blogspot.com/ Stainless_Steel_Hamster

    EVIL MOMENT

    this is B of 2, we'll see 1060's tomorrow…

  • BigHouse(Aka Mr Vix)

    i hope we see 1000 tomorrow instead…lol

  • centerline

    That's what I am counting on. Down today, up tomorrow into mid-week. Down again by end of the week.

  • ultra

    May be taking a turn for the steeper, but the indicators are not feeling it just yet – triple bullish divergence across the three lows of the last three days on both zero/lite and RSI.

  • http://dreadwinaard.livejournal.com dreadwin

    IYR broke through the 39.6 barrier, setting new lows. Still in my DRN position, hanging on by my fingernails 🙂

  • Hildenbrandt

    Possible ED going back to Thursday.

  • https://www.evilspeculator.com berkshire

    Glad I bought my OTMs this AM when Mr. VIX was pushing his lows… Gotta LOVE Vol!!

    Skål!

  • BigHouse(Aka Mr Vix)

    i can't wait to see VIX at 70 in the next 5 months…..

  • bist

    Yeah the 20 day ma crossed over the 50 day ma for LVS, I was expecting it to drop too

  • https://www.evilspeculator.com berkshire

    My April 10s and Jan 11s will be loving that!! So nice to finally see a tad bit of action…

    Skål!

  • https://www.evilspeculator.com berkshire

    It's possible, but it looks like this is just 5 down, and we need another push lower, before an A-B-C (zig-zag) rally into Fed day on Wed…

    SKål!

  • http://iberianviews.blogspot.com/ catracho

    EURUSD looks liek at KEY juncture..if the bulls can hold the line…IF NOT…watch out below..
    http://www.screencast.com/t/9iE3VMXws5Qh

  • TonyMontana

    Looks broken to me! 🙂

  • http://iberianviews.blogspot.com/ catracho

    yes but need a bit more confirmation…but yes doesn't look too good for the dollar bears..

  • thunda72

    XLF showing bear exhaustion on the hourly candlesticks. Last hour was a hammer, this hour is forming a doji so far. Considering closing my FAS puts for 20% gain…

  • centerline

    I can work with that too! Bring it on!

  • tradejane

    This area “should” hold for a couple of days since the DAX hit the 5340 support and held as well. Gold already rose in anticipation of the FOMC meeting. We “should” resume the downtrend then.

  • gregn

    Anyone else see a sell off EOD?

  • http://retracementlevels.zstock7.com/ zstock

    RIMM RSI 21, RSI is too deep to get any big bounce, So there's no hurry to go long–

  • Hildenbrandt

    Nah, I'm long /es tho so talking my book.

    Check this quick video out tho, interesting historical data about tomorrow:

    http://www.youtube.com/watch?v=hpT3h_826HM

  • Tronacate

    Me

  • Hildenbrandt

    Gregn- not sure if anyone else mentioned it, but oil is really taking off in EOD fwiw.

  • molecool

    Which is why one misses out on most of the action if one trades spreads in this environment. Why trade options then in the first place? IV can make your OTM puts explode – of course it can also kill them…

  • Hildenbrandt

    Fuck spreads, buy puts for swing trades at tops and go long futures with tight stops for corrections.

  • AS2009

    Feeling better about X with the tails … had me worried for a bit … with my late entry there …

  • newbear

    I see an ramp up into EOD.

  • colonel_bleep

    FAS a daytrader's bonanza (or bust) – 69 to 72, down to 64, up to 67, down to 64.50 up to 68.50, heading down again

  • Tronacate

    Maybe of the VIX

  • Hildenbrandt

    Doji?

  • Erikd

    Erikd's ROOFTOP Pattern Update: http://screencast.com/t/S74t9gZbKeST

  • gregn

    I see X holding 34.15 as resistance unless SPX rallies. There was yet another drop then retrace to 38.2 then continue downward. We shall see if it holds true to EOD.

  • mtvernon

    The roof is back! nice. one more jog up and then time for the bulls to get prison shower room raped right?

  • AS2009

    Yes – saw that – i did the fib from high to LOD and saw the 38.2 exactly 🙂

  • PRSGuitars

    NQs beginning to appreciate as perhaps risk comes back into play — were very weak, now moderate to strong. Reversal day looking for 1060 in the next three days. Just another minute update…

    I promise charts after the close. I've been AWOL with some personal stuff for a while, but, trading nonetheless (sparingly) — will get back with meaningful commentary (3rd time I've promised that), but briefly, seeing EUR ahead of ES strength (foreshadowing a bounce) — so watch yourselves.

    TICK has been trending up since the 1 oclock bottom so far. A/D line bottomed at 2. UVOL/DVOL (breadth) is a mess… a little confusion prior to the rip higher (i suspect) or at least a grind. Today's double bottom in ES I think is telling us something about the next few days into FOMC.

    Havent seen NYMO or CPC yet today, will check those out. Hope you all are doing alright!

  • Tronacate

    VIX……nice abc…….lets see a new high by eod

  • BigHouse(Aka Mr Vix)
  • skynard

    Nice! That's one massive pattern forming. Right side under construction.

  • http://retracementlevels.zstock7.com/ zstock
  • http://retracementlevels.zstock7.com/ zstock

    I think FOMC meeting helps gold stocks, raising interest rates sooner than later, but still later, just less later.

  • http://retracementlevels.zstock7.com/ zstock

    FOMC
    fed-funds target rate at a range of zero-0.25% for an “extended period of time” to heal the economy. But speculation has risen over the past couple of weeks that policy makers may tweak the language to “for some time”
    extended period being changed to ” for some time” Bullish interest rates up, sooner than later—Don't know which way the market will react–could go as much as 2.5% either way

  • molecool

    ABC short term it seems on ES – we are in a b-triangle it appears. Might resolve to the upside today or tomorrow.

  • Tronacate

    intersting gyrations…….

  • molecool

    I keep tripping over HAL 9000's power cable – sorry.

  • Tronacate

    TRIN trending back up…..VIX

  • Tronacate

    Sweet…..spit my coke out the nose

  • gregn

    Yeah, I had a feeling we would see SPX red around 3:30

  • nyxjf

    MMs sure know how to keep me frustrated!

  • molecool

    RELOAD PAGE!

  • molecool

    You are only frustrated if you care – just fade all this shit. Think long term buddy…

  • gregn

    To the tune of Climb Every Mountain from Sound of Music: “Fade every rally, short every bounce.”

  • Tronacate

    Breadth is getting prettier by the moment……nothing like large negative breadths……..and large positive breasts

  • tradejane

    Hey, PRS, glad to hear you're ok. I hope you got some rest. Volatility is finally making a comeback and yes, we're lovin' it.

  • nyxjf

    GOtta learn that discipline. Thanks mate!

  • skynard

    Looks that way, looks are always deceiving. Waiting for 1020SPX to be violated for confirmation.

  • nyxjf

    LOL

  • onorio

    Pump up the jam, pop it up!

  • PRSGuitars

    Amen! Killer trading today despite being sick, waking up late, AND being totally out of my element. We nailed a lower TL on /es and I pushed long — score so far (and even better because I didn't cough up my core puts just yet, just hedging them!).

    Good luck jane (and thnks for the well-wishes, you're one of the most polite and decent people I've met on the boards!)

  • tradejane

    Careful, you're giving away my age here.

    http://www.youtube.com/watch?v=1K7fL5s_1ac

  • fuw

    Mole, your dollar update (didn't see it until now) is basically saying the same thing as my first post in this thread, so yeah I agree. Looks like a triangle indeed.

  • onorio

    I was 10, still remember to listen it…im getting old…

  • onorio

    Hey PRS, get well soon!

    Need someone to chat overnight 🙂

  • DesertEagle

    Big fuckin deal, bulls. You got owned at the 50 day moving average.

  • MrBF

    Good call on the cpce Mole!

  • PRSGuitars

    LOL! I was very young (5 or 6) and remember it extensively. I can still recall using my dad's discman for the first time, listening to Queen and Paul Simon.

    Technotronic was the S***.

  • DesertEagle

    SPY a lot higher than the actual index. JP Morgan must be pumping it again.

  • Hildenbrandt

    Giddyup. SPX 1041 initial resistance of ED, could be very strong on sustained breakout above. Looking for stops to get run tomorrow on massive short covering!

  • AS2009

    Greg- thoughts on X ?

  • onorio

    I seem impulsive waves up and down in EUR/USD, pretty fucked up pattern

  • AS2009

    Reached 50% of move down HOD to LOD @ 34.55 ..

  • molecool

    Ah – at least someone with an opinion – thanks!

    The rest of you guys might as well go back to looking at p0rn. The quality of the comment thread here is despicable – last post for today – I'm DONE!

  • Bart7

    are you really Larry David?

  • molecool

    <snort>

  • fuw

    Yes, very erratic. The last spike was stats/news based excitement though, so it might be excused.

  • Rd99Hse1

    LD is hilarious. +1 for sure.

  • AS2009

    Mole on your dollar chart … my understanding was that after a impulsive, you should have a corrective A-B-C … so if the Lows on the dollar were on a 5 wav impulsive …. then how are we having a 5 wave impulsive right after …. am I missing something?

  • molecool

    What – they shit in their pants because of the VWAP breach? LOL

  • molecool

    A triangle is a correction.

  • Tronacate

    PALM…..LOD

  • molecool

    I know why we are rallying: http://www.zerohedge.com/article/cmbs-delinquen

    buy buy buy!!!

  • fuw

    excuse my ignorance, but what is the difference between a roof-top and a head and shoulders pattern (if there is any)?

  • http://sshamster.blogspot.com/ Stainless_Steel_Hamster

    it's still on ZE so it's a rumour

    buy the rumour, sell the news… tuning on major tv netwoorks and waiting

  • fuw

    Some people just dont know how to contain themselves.

  • AS2009

    Yes – I get that … but you are expecting the triangle as a part of wave 4 from the low …. not getting that part of it …

  • Hildenbrandt

    Don't blow this place up. I missed the triangle chart in between working but the break should be worth selling, or buying for sure. A bull flag would suit me just fine as well. The only issue I have with it is that it should resolve by Wednesday I would assume. Certainly would catch a shit-load of people off guard if we get the strong up day tomorrow.

  • molecool

    I drop the nuke here if I want to Mr. Hildenbrandt – very German btw – damn Krauts…

  • molecool

    Will post a count tomorrow – don't worry about it for now.

  • molecool

    I think diapers will be required attire at the NYSE by next summer.

  • bergs

    Will see if minuette (iii) ended or not?

    http://screencast.com/t/13viklxvW

  • molecool

    Outta here for today – you guys are not inspiring me. I might come back if I see someone rub their two IQ points together and post something interesting.

  • Hildenbrandt

    We are a stubborn fuck… Are you watching the spx ED, depending on where you originate it from it either implies one more drop or it is complete. Go pound a twelver of meister brau and get your tears out 😉

  • Rightside_ot_trade

    Mole,
    I am looking at Geronimo. Did you mention addition of short trades also?

  • http://www.flickr.com/photos/dabasia/sets/ Croozer

    We just posted an abc in the last hour and a half…..any idea where that sits in the counts…..
    I'm finding it difficult to fit it into any count unless the abc is the A of an ABC flat…..

  • innatedc

    Big 1.5 mil sell order on Spy just went off…..

  • Nightwind

    Add an additional 1MM sell order to that at the close

  • http://www.flickr.com/photos/dabasia/sets/ Croozer

    Those sell orders not having much effect on the ES…..

  • K.I.M.

    Spy on daily

    http://www.flickr.com/photos/42905134@N08/40691

    volume ! comments ?

  • Nightwind

    Looks like distribution to me.

  • bergs

    Croozer

    Not sure where your at. so here is a one minute chart showing where minuette
    wave three could possibly have ended with an A B and working on a C for
    wave (iv) in the 1050 1060 range.

    http://screencast.com/t/B4ZhPxx3Ae

    hope this clarifies.

    ————————————————–

  • ultra

    Hey, Bergs. Hope you are good.

    Failed 5th in SPY for the end of your minuette 3 in this count gives me doubts. On the other hand, it's not showing much enthusiasm for the upside and has painted a bearish wedge.

  • ultra

    FSLR – did not show any lust for the dunkelseite today and looks to have ended what was either wave c or wave 3 – http://screencast.com/t/aAjMFi1FpaH

  • http://www.flickr.com/photos/dabasia/sets/ Croozer

    Thanks Bergs, that helps…..so…loooks like we have an abc completing the iv in the closing hour and a half to 2 hours ??

    v down to come early tomorrow.

  • http://retracementlevels.zstock7.com/ zstock

    IWM support at 52-53?, hard to say!

  • DMS425

    What are you saying? The US rasing rates will help gold? REALLY you think so?

    It should not work like that. Raising rates should help our dollar and drive the price of gold down since it is denominated in dollars.

  • DMS425

    Nothing, Erikd lost all his money last year and everyone elses that followed him. He was super short right at the bottom I belive in front month options on the triple leveraged funds. In the world I work in that is called a blow up. You get fired and have trouble finding a new job. The exact opposite that you wanted to be. Go back and read his post around March/April.

    He probably paper trades now……….be careful of his over-confident advice.

  • onorio

    VIX overview :

    From what i see we should retrace to 1060/70 as VIX finish wave [ii], after that we probably go down in a [iii] on SPX and up in [iii] on the VIX.

    http://www.screencast.com/t/qOM2Vbc2s

  • molecool

    More details on that forthcoming soon.

  • onorio

    SPX :

    Like i said bellow, on the VIX post 1060/70 should be on the table in the next days.

    http://www.screencast.com/t/eFJla4qeJKiE

  • TimV

    Is that a VIX buy signal? It closed inside the upper BB if you use EMA instead of SMA.

  • ultra

    Re. the DX triangle count – triangles are always the penultimate move, yes, but how often do you see them in a first wave? Also, the move up after is characterised as fast and sharp, which might not square with the extended fifth scenario.

    So, in summary, 95% certainty it'll turn out a triangle then.

  • malusDiaz

    New Highs / Lows
    130 / 2006 : 20 Day
    58 / 965 : 50 day
    37 / 58 : 52 Week

    GLD:SLV Breaking out needs to cross 200MA, 20EMA crossed 50MA up: http://alturl.com/s2y2

    Characteristics of all these charts: 20 EMA Crossed 50 SMA Down.

    NYHL Broken 200MA: http://alturl.com/4ctb

    NAA200 59% > 200MA: http://alturl.com/va7g (Down today this is the tell.)
    NYA200 71% > 200MA: http://alturl.com/ng8x
    SPXA200 78% > 200MA: http://alturl.com/g8tw
    OEXA200 84% > 200MA: http://alturl.com/u5vs

    Last but not Least Doji Day on SPY:GLD 200 MA is next support: http://alturl.com/35ds

  • https://www.evilspeculator.com berkshire

    If you don't use SMA, you get a lot more signals, and even more failed signals. It is best to leave it with the SMA on the $VIX (I use EMA on EVERYTHING ELSE). Also, I had mentioned a few weeks back (the first time I thought the top was in) that P3 should kick off with a buy signal (yes, I said that right, a buy signal, not a sell signal). The thing that concerned me the first time was the location from whence the signal came.

    We have busted back up, out of the bull market $VIX range, and are nicely in the bear-market break-out range now. Should get a hell of a lot higher.

    But just stick with the SMA on the $VIX signals, unless you really want to go back and back-test it. I've done all prophet data with the SMA and found it to be quite time consuming. If you do, and find some interesting conclusions however, I would be quite interested in knowing…

    Skål!

  • http://followadam.blogspot.com/ stockfiendd

    Anyone else see support at S&P 1020 range?

    http://i591.photobucket.com/albums/ss359/adamkh

  • Blind_Squirrel

    This is a good story about paying taxes, Hilarious and so True:
    From Keith Franklin:

    I was having lunch with one of my favorite friends
    last week – a very liberal college professor – and the
    conversation turned to the government's recent round of tax cuts.

    “I'm opposed to those tax cuts,” the Professor
    declared, “because they benefit the rich.
    The rich get much more money back than ordinary
    taxpayers like you and me and that's not fair.”

    “But the rich pay more in the first place,” I
    argued, “so it stands to reason they'd get more money back.”

    I could tell that my friend was unimpressed by this
    meager argument.

    So I said to him, let's put tax cuts in terms
    everyone can understand:
    Suppose that every day 10 men go to a restaurant
    for dinner.
    The bill for all ten comes to $100.

    If it was paid the way we pay our taxes,
    The first four men paid nothing;
    The fifth paid $1;
    The sixth paid $3;
    The seventh $7;
    The eighth $12;
    The ninth $18.
    The tenth man (the richest) paid $59.

    The 10 men ate dinner in the restaurant every day
    and seemed quite happy with the arrangement
    until the owner threw them a curve.

    Since you are all such good customers, he said, I'm
    going to reduce the cost of your daily meal by $20.

    Now, dinner for the 10 only costs $80. The first
    four are unaffected. They still eat for free.
    Can you figure out how to divide up the $20 savings
    among the remaining six so that everyone gets his
    fair share?

    The men realize that $20 divided by 6 is $3.33, but
    if they subtract that from everybody's share,
    then the fifth man and the sixth man would end up
    being paid to eat their meal.

    The restaurant owner suggested that it would be
    fair to reduce each man's bill by roughly the
    same percentage, being sure to give each a break, and
    he proceeded to work out the amounts each should
    pay.

    And so now:
    Along with the first four, the fifth man
    paid nothing,
    The sixth pitched in $2,
    The seventh paid $5,
    The eighth paid $9,
    The ninth paid $12,
    Leaving the tenth man with a bill of $52
    instead of $59.

    Outside the restaurant, the men began to compare
    their savings,
    “I only got a dollar out of the $20,” complained
    the sixth man, pointing to the tenth, “and he got $7!”

    “Yeah, that's right,” exclaimed the fifth man. “I
    only saved a dollar,too.
    It's unfair that he got seven times more than me!”

    “That's true,” shouted the seventh man. “Why should
    he get $7 back when I got only $2?
    The wealthy get all the breaks!”

    “Wait a minute,” yelled the first four men. “We
    didn't get anything at all. The system exploits the poor.”

    Then, the nine men surrounded the tenth man (the
    richest one, paying the most) and beat him up.

    The next night the richest man didn't show up for
    dinner, so now the nine men sat down and ate without him.
    But when it came time to pay the bill,
    they discovered something very important. They
    were $52 short!

    And now people and college professors, this is
    how America's tax system works.
    The people who pay the highest taxes get
    the most benefit from a tax reduction.
    Tax them too much, attack them for
    being wealthy, and they just may
    not show up at the table any more.

  • jacksoo

    of course if the wealthy took less themselves and contributed more in taxes perhaps more work cld be created and the 4 not contributing could as they wld be earning.

  • EWfan

    mole..
    what do you think about this scenario..a series of -1-2, 1-2, 1-2..since this P3..these retracement of about 60% suggests wave 2's.
    i found this guys chart here that gives a nice visual..
    http://3.bp.blogspot.com/_zq5iFk4ydWM/Su9kPE1hQ

  • bergs

    Croozer

    I got ahead of myself here. We have just started the A leg of the minuette wave (iv) if my count is correct. would imply The B and C legs to come.

    Should ? bump toward the pivot resistance at 1060 if we have completed minuette three.

    ————————————————–

  • malusDiaz

    This is a horrible analogy.

    Capital gains tax is at 15%, it used to be 25% during the biggest bull market. Sometimes north of 40% http://www.ctj.org/pdf/regcg.pdf

    This is a great way to convince the average man that the Rich man pays for everything he gets… I.E. Socialism. So really, we should end the Socialism programs, Social Security, Welfare, and Bailouts. These are whats really eating us (instead of us eating dinner).

  • Blind_Squirrel

    Well,. I kinda like it myself.

    The %'s represent what each 10% pays in taxes, i.e. 40% pay no income taxes
    in the real world.

  • http://sshamster.blogspot.com/ Stainless_Steel_Hamster

    we're still on our way

    http://www.uploadgeek.com/share-D64F_4AEF6DDB.html

    68 I think

  • malusDiaz

    I know, it's one of those volatile subjects, sorry, didn't mean any disrespect.

    We've also got the greatest economic disparity between the rich and the poor in the history of the world.

  • malusDiaz

    I like a mix of EMA & SMA, especially prime numbers: http://primes.utm.edu/lists/small/1000.txt

    It's numbers people don't use as much, and has some other relivence, especially with cross overs, 50 , 100, 150, 200, are all harmonics, 13,23,79,419 , there are no harmonics.

  • Blind_Squirrel

    Good point, and anytime in the world this has happened the result is always
    the same throughout history.

    I just think now is not the time to spread the wealth by tax increases, we
    need to stimulate investment and growth of
    business and not look at growing the govt. Jefferson predicted this over 200
    years ago that democracies by nature have
    finite lives due the voters putting people in office that hand out the most
    money.

  • http://twitter.com/faisal3391 FAISAL

    -poor has nothing to lose, already broke, I guess you can cut food stamp, and let them die or even better let them come after you and fucky you up.

    -middle class are the only ones that can really screw up, they are mostly honest and pay their taxes. they are usually the ones pay both to the rich and poor.

    -rich are the ones that can cheat their taxes, get bailout if they get into trouble, own the government, own the middle class and poor.

    do not worry rich will always find a way to get richer while screw up every one else. rich own obama, your congress man and your senator. I do not pay attention to politics, since mostly talk, think big and see the big picture, move from democratic or republic mind frame and see the big picture.

  • http://partiallystapled.com/ gxti

    Good idea. A signal that uses numbers that few other people use is more likely to be accurate in the long term. If everyone uses the same number, it'll work until everyone switches to something different and then it will collapse.

  • MariAroma

    Here's Terry Laundry's update after Monday close —
    “Nov 2th Comment: No Bottom yet. Volume Oscillator trying to make a positive rising bottoms for a rally but not yet confirmed. Another plus day would put a rally projection in place. Then down to the green line later in November.” (950 +/- ?)
    http://www.ttheoryfoundation.org/t-theory-calcu

  • Nightwind

    The government would just find another way to piss it off. I have a lot of respect for self-made millionaires, not for corporate made theives or politicians.

  • jacksoo

    Me too – but society is only as strong as the weakest link. Self made
    millionaires will be left in a crock of sh*t if society breaks down.

  • Nightwind

    I disagree, the ones that I know will come out on top….it's in their nature and the weakest link will do as they always do, look to someone else. I know it doesn't sound fair, but as my Daddy always said “fair only comes to town once a year”.

  • http://twitter.com/faisal3391 FAISAL

    what happen to Ann and the rest of the crew, I am in the right blog

  • malusDiaz

    ya, anytime i hear of the government solution, “If they can't run a whore house…”

  • jacksoo

    We will agree to disagree – -like it or not you must maintain a stabilised
    society and that will always mean the stronger aiding the weaker – history
    is littered with examples of disproportionate allocation of wealth causing
    massive societal failure.

  • itsgold

    Noticed Transports were down while other major indicies were up. Reversal may be weaker. Gold was also diverging from Dollar. Confused as hell.

  • innatedc

    If you mean Anna….she has started her own blog….hotoptionbabe.com. Some others are there as well.

  • http://centrifugaldeforest.blogspot.com/ Centrifugal_Deforest

    I'm stuck in an office just now in and this place and my VPN-gag not working here. Fortunately ES is loved by the Chinese Gov't 😉

  • http://sshamster.blogspot.com/ Stainless_Steel_Hamster

    soon the chinese will discover what to do with all those us pesos

    1.000 usd to every chinese + 1 subscription to all ES indicators (negociated within an “happy family meal” cost of 1 usd apiece)

    would love seeing what that would do to the NYSE

    LOL

    armagedon would look like a damn picknick

    p.s. you kno how chinese love to gamble? they'd teach GS a thing or two… as in where a Tera usd goes you can't stop it

  • http://centrifugaldeforest.blogspot.com/ Centrifugal_Deforest

    Yes, no one ever mentions it but the declining dollar has really kept this place super-charged

  • http://sshamster.blogspot.com/ Stainless_Steel_Hamster

    well, that and preparing a overproduction crisis the likes of which we haven't seen in 80 years

  • http://sshamster.blogspot.com/ Stainless_Steel_Hamster

    for what it's worth, still planning to stay short until bpspx 68 on november 10 (or 11)

    droping some shorts and hedging the rest there.

    going long 2 or 3 days latter on bpspx:ma13 crossover confirmation

  • Bearinator

    Hit the nail on the head there SSH. . . China's going to implode like. . . well, something we've never seen before that involves pretty much everything it does economically collapsing in bubble popping madness. It will start with people realizing no one is buying all the crap they're cranking out and the government-backed banks collapsing.

  • malusDiaz

    got a hotkeyed drop everything button?

  • http://sshamster.blogspot.com/ Stainless_Steel_Hamster

    you're forgetting this might be desired by the CCP, after tiannamen they had to bribe people with market economy. a cold shower might prove invigorating to the ideological power of a confuncionist/authoritarian/conservateur power

  • http://sshamster.blogspot.com/ Stainless_Steel_Hamster

    nopes, it's an EOD indicator, will be using EWT for the drop zone intraday and it's just 2 ETF's (and I entered so early it might still be a loss) and the broker is a phonecall away

  • http://oahutrading.blogspot.com/ steveo77

    SSH—you are a deep observer- disguised as Hamster….nice.

  • malusDiaz

    exactly, if gold moves on it own, especially if we see a couple correlated & non correlated days

    especially non-correlated. when gld is up when the dollar is too, and down when the dollar is down, but is more divergent to gld rising, period.

    BUT GLD & SLV … not really gold or silver, and the perfect inflation in asset value would be these two — SPLODE , but I hold both these pieces of paper, these golden & silver tickets, but move to physical because its shiny and fun to look at.

    and non of that really matters because if this is a 2 or 4th wave of the next larger degree, i'm physical sugar, flour, rice, beans, salt, bullets, renewables and homegrown when i can.

  • http://sshamster.blogspot.com/ Stainless_Steel_Hamster

    thanks for the flatering remark. Was watching your profile, 1984 is a good choice

  • http://oahutrading.blogspot.com/ steveo77
  • http://sshamster.blogspot.com/ Stainless_Steel_Hamster

    carefull (on general principle) if it bounces on the 11th

    it's a comodoty and a laggard to boot

  • http://centrifugaldeforest.blogspot.com/ Centrifugal_Deforest

    They sent me a time-card in this place, but still can't get a blue star to save my soul from the devil! Anyway…

    ¤ø„¸¸„ø¤º°¨¤ø„¸¸„ø¤º°¨
    ¨°º¤ø„¸ N E W „ø¤º°¨
    ¸„ø¤º°¨ P O S T “°º¤ø„¸
    ¸„ø¤º°¨¤ø„¸¸„ø¤º°º¤ø„¸

  • molecool

    And we love our Chinese overlords 😉

    Seriously – these days I have less of an issue with the Chinese government than with our own. At least the Chinese get shit done and they are probably wiser capitalists than those clowns on Wall Street.

  • http://oahutrading.blogspot.com/ steveo77

    25 years to late, the internet is what was really needed to bring 1984 to fruition.

  • http://oahutrading.blogspot.com/ steveo77

    Why the 11th? 11th what?

  • http://sshamster.blogspot.com/ Stainless_Steel_Hamster

    of november… because at current drop rate and a trendline looks like the safest date (might go 1-3 days forward but my crayon was too large)to be just above 68 on bpspx

  • http://sshamster.blogspot.com/ Stainless_Steel_Hamster

    the jury is still out on that one…

  • http://oahutrading.blogspot.com/ steveo77

    Torture, Terrorism, and Gov Speak…..already here.

  • http://sshamster.blogspot.com/ Stainless_Steel_Hamster

    let's say IT in general, internet might be double edged. but yes the jury is asking for some rope

    http://gizmodo.com/5395095/the-nsa-to-store-a-y

  • bergs

    Croozer

    I got ahead of myself here. We have just started the A leg of the minuette wave (iv) if my count is correct. would imply The B and C legs to come.

    Should ? bump toward the pivot resistance at 1060 if we have completed minuette three.

    ————————————————–

  • rosocecasita

    This is a horrible analogy.

    Capital gains tax is at 15%, it used to be 25% during the biggest bull market. Sometimes north of 40% http://www.ctj.org/pdf/regcg.pdf

    This is a great way to convince the average man that the Rich man pays for everything he gets… I.E. Socialism. So really, we should end the Socialism programs, Social Security, Welfare, and Bailouts. These are whats really eating us (instead of us eating dinner).

  • Blind_Squirrel

    Well,. I kinda like it myself.

    The %'s represent what each 10% pays in taxes, i.e. 40% pay no income taxes
    in the real world.

  • http://sshamster.blogspot.com/ Stainless_Steel_Hamster

    we're still on our way

    http://www.uploadgeek.com/share-D64F_4AEF6DDB.html

    68 I think

  • rosocecasita

    I know, it's one of those volatile subjects, sorry, didn't mean any disrespect.

    We've also got the greatest economic disparity between the rich and the poor in the history of the world.

  • rosocecasita

    I like a mix of EMA & SMA, especially prime numbers: http://primes.utm.edu/lists/small/1000.txt

    It's numbers people don't use as much, and has some other relivence, especially with cross overs, 50 , 100, 150, 200, are all harmonics, 13,23,79,419 , there are no harmonics.

  • Blind_Squirrel

    Good point, and anytime in the world this has happened the result is always
    the same throughout history.

    I just think now is not the time to spread the wealth by tax increases, we
    need to stimulate investment and growth of
    business and not look at growing the govt. Jefferson predicted this over 200
    years ago that democracies by nature have
    finite lives due the voters putting people in office that hand out the most
    money.

  • http://twitter.com/faisal3391 FAISAL

    -poor has nothing to lose, already broke, I guess you can cut food stamp, and let them die or even better let them come after you and fucky you up.

    -middle class are the only ones that can really screw up, they are mostly honest and pay their taxes. they are usually the ones pay both to the rich and poor.

    -rich are the ones that can cheat their taxes, get bailout if they get into trouble, own the government, own the middle class and poor.

    do not worry rich will always find a way to get richer while screw up every one else. rich own obama, your congress man and your senator. I do not pay attention to politics, since mostly talk, think big and see the big picture, move from democratic or republic mind frame and see the big picture.

  • http://partiallystapled.com/ gxti

    Good idea. A signal that uses numbers that few other people use is more likely to be accurate in the long term. If everyone uses the same number, it'll work until everyone switches to something different and then it will collapse.

  • Guest

    Here's Terry Laundry's update after Monday close —
    “Nov 2th Comment: No Bottom yet. Volume Oscillator trying to make a positive rising bottoms for a rally but not yet confirmed. Another plus day would put a rally projection in place. Then down to the green line later in November.” (950 +/- ?)
    http://www.ttheoryfoundation.org/t-theory-calcu

  • Nightwind

    The government would just find another way to piss it off. I have a lot of respect for self-made millionaires, not for corporate made theives or politicians.

  • jacksoo

    Me too – but society is only as strong as the weakest link. Self made
    millionaires will be left in a crock of sh*t if society breaks down.

  • Nightwind

    I disagree, the ones that I know will come out on top….it's in their nature and the weakest link will do as they always do, look to someone else. I know it doesn't sound fair, but as my Daddy always said “fair only comes to town once a year”.

  • http://twitter.com/faisal3391 FAISAL

    what happen to Ann and the rest of the crew, I am in the right blog

  • rosocecasita

    ya, anytime i hear of the government solution, “If they can't run a whore house…”

  • jacksoo

    We will agree to disagree – -like it or not you must maintain a stabilised
    society and that will always mean the stronger aiding the weaker – history
    is littered with examples of disproportionate allocation of wealth causing
    massive societal failure.

  • itsgold

    Noticed Transports were down while other major indicies were up. Reversal may be weaker. Gold was also diverging from Dollar. Confused as hell.

  • innatedc

    If you mean Anna….she has started her own blog….hotoptionbabe.com. Some others are there as well.

  • http://centrifugaldeforest.blogspot.com/ Centrifugal_Deforest

    I'm stuck in an office just now in and my VPN-gag not working here. Fortunately ES is loved by the Chinese Gov't 😉
    …this site not blocked

  • http://sshamster.blogspot.com/ Stainless_Steel_Hamster

    soon the chinese will discover what to do with all those us pesos

    1.000 usd to every chinese + 1 subscription to all ES indicators (negociated within an “happy family meal” cost of 1 usd apiece)

    would love seeing what that would do to the NYSE

    LOL

    armagedon would look like a damn picknick

    p.s. you kno how chinese love to gamble? they'd teach GS a thing or two… as in where a Tera usd goes you can't stop it

  • http://centrifugaldeforest.blogspot.com/ Centrifugal_Deforest

    Yes, no one ever mentions it but the declining dollar has really kept this place super-charged
    …since export-economy and currency pegged to USD

  • http://sshamster.blogspot.com/ Stainless_Steel_Hamster

    well, that and preparing a overproduction crisis the likes of which we haven't seen in 80 years

  • http://sshamster.blogspot.com/ Stainless_Steel_Hamster

    for what it's worth, still planning to stay short until bpspx 68 on november 10 (or 11)

    droping some shorts and hedging the rest there.

    going long 2 or 3 days latter on bpspx:ma13 crossover confirmation

  • Bearinator

    Hit the nail on the head there SSH. . . China's going to implode like. . . well, something we've never seen before that involves pretty much everything it does economically collapsing in bubble popping madness. It will start with people realizing no one is buying all the crap they're cranking out and the government-backed banks collapsing.

  • rosocecasita

    got a hotkeyed drop everything button?

  • http://sshamster.blogspot.com/ Stainless_Steel_Hamster

    you're forgetting this might be desired by the CCP, after tiannamen they had to bribe people with market economy. a cold shower might prove invigorating to the ideological power of a confuncionist/authoritarian/conservative power

  • http://sshamster.blogspot.com/ Stainless_Steel_Hamster

    nopes, it's an EOD indicator, will be using EWT for the drop zone intraday and it's just 2 ETF's (and I entered so early it might still be a loss) and the broker is a phonecall away

  • http://oahutrading.blogspot.com/ steveo77

    SSH—you are a deep observer- disguised as Hamster….nice.

  • rosocecasita

    exactly, if gold moves on it own, especially if we see a couple correlated & non correlated days

    especially non-correlated. when gld is up when the dollar is too, and down when the dollar is down, but is more divergent to gld rising, period.

    BUT GLD & SLV … not really gold or silver, and the perfect inflation in asset value would be these two — SPLODE , but I hold both these pieces of paper, these golden & silver tickets, but move to physical because its shiny and fun to look at.

    and non of that really matters because if this is a 2 or 4th wave of the next larger degree, i'm physical sugar, flour, rice, beans, salt, bullets, renewables and homegrown when i can.

  • http://sshamster.blogspot.com/ Stainless_Steel_Hamster

    thanks for the flatering remark. Was watching your profile, 1984 is a good choice

  • http://oahutrading.blogspot.com/ steveo77
  • http://sshamster.blogspot.com/ Stainless_Steel_Hamster

    carefull (on general principle) if it bounces on the 11th

    it's a comodoty and a laggard to boot

  • http://centrifugaldeforest.blogspot.com/ Centrifugal_Deforest

    They sent me a time-card here, but still can't get a blue star to save my soul from the devil!
    Anyway…

    ¤ø„¸¸„ø¤º°¨¤ø„¸¸„ø¤º°¨
    ¨°º¤ø„¸ N E W „ø¤º°¨
    ¸„ø¤º°¨ P O S T “°º¤ø„¸
    ¸„ø¤º°¨¤ø„¸¸„ø¤º°º¤ø„¸

  • https://evilspeculator.com molecool

    And we love our Chinese overlords 😉

    Seriously – these days I have less of an issue with the Chinese government than with our own. At least the Chinese get shit done and they are probably wiser capitalists than those clowns on Wall Street.

  • http://oahutrading.blogspot.com/ steveo77

    25 years to late, the internet is what was really needed to bring 1984 to fruition.

  • http://oahutrading.blogspot.com/ steveo77

    Why the 11th? 11th what?

  • http://sshamster.blogspot.com/ Stainless_Steel_Hamster

    of november… because at current drop rate and a trendline looks like the safest date (might go 1-3 days forward but my crayon was too large)to be just above 68 on bpspx

  • http://sshamster.blogspot.com/ Stainless_Steel_Hamster

    the jury is still out on that one…

  • http://oahutrading.blogspot.com/ steveo77

    Torture, Terrorism, and Gov Speak…..already here.

  • http://sshamster.blogspot.com/ Stainless_Steel_Hamster

    let's say IT in general, internet might be double edged. but yes the jury is asking for some rope

    http://gizmodo.com/5395095/the-nsa-to-store-a-y

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