05/08/2012 Live Update

[Cobra]

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Gap down within yesterday's range, so there's a chance the gap gets filled.

The Global ES doesn't say much, I don't believe the rebound failed already though so might be another rebound attempt today but the bottom line is the Sunday night low NORMALLY gets revisited soon. This of course is the wild-est-est-est guess, you know I need adjust as market unfolds and upon seeing a pattern. So let's wait and see.

[Cobra]

Hanging on the neckline of a potential H&S Top is not a good looking chart, so both bears and bulls need pray here.

[Petsamo]

I wonder if we're gonna rally from the open today again. All Asian markets sold off from their open today.

[cougar]

Good morning! In spite o heavy up-manipulation, AAPL has a short term resistance ~ 572.4, on 2 charts using different criteria.

[cougar]

Where I entered short on TNA, in 2 steps:

[KeiZai]

Good morning

[Cobra]

the open.

[Petsamo]

I can't believe X is not dumping

[KeiZai]

Europe is red as I thought, and will be more

Eurostoxx is clearly in a downtrend, yesterdays bounce to 50 RSI was signal to go short again

[alphahorn]

The daily Renko has done a nice job filtering out the noise and has produced a nice count going back to the march 2009 lows, and is calling for more downside

[CarlosDK]

Cobra

Rebound looks done ?

[Al_Dente]

1 min update a bit early
Nydec opened >2100 bear right out of the gate
And my Trin started beeping sell VERY early, above 2.2
Let’s see how long it can hold
(green circle, top panel, volume, is early BOT buyers)

[Cobra]

yesterday's low as resistance.

[TWT]

GOLD: Watching if the Triangle plays out

[SWalsh]

Becoming officially serious territory!

[SWalsh]

Cobra

Rebound looks done ?

Anyone who can call this mkt right here needs a TV show talking to the dead!

[KeiZai]

Very hot stuff


German bund - btw on the neckline of potential small iH&S

[TWT]

SPX: IMPULSIVE DOWN LEG !!!!!

[Petsamo]

X has a bounce

[uempel]

Daily chart suggests further weakness - check blue circle and RSI. Only dotted black center line of big channel helping the index to not tank, at least not for the mom.