05/11/2012 Live Update

[Petsamo]

bought some FCX @ 34.85, 60 shares only. I can't sell for 3 days.

[BullBear52x]

Talking gaps.

[cougar]

AAPL "on the downside"...to be continued....

[MrMiyagi]

Smaller bars; IWM to 79.15$ and SPY to 136.20$.

That 137$ bar also shows up on Freestockcharts. I don't know what it means when a bunch of platforms show it, could it be related to a certain MM??

[dr659]

Just cracked open a 24 oz Heineken ( It was on sale) when was the last time you had one of them?

last night, but I still preferred BudLight

Regular Bud mostly

[wayne0708]

Just cracked open a 24 oz Heineken ( It was on sale) when was the last time you had one of them?

I like your response that gap has been filled by the p bar because if that is true it takes so much hope and imagination away from mad cows

[BullBear52x]

AAPL "on the downside"...to be continued....

my 1 min on AAPL

[Petsamo]

Talking gaps.

There are all sorts of gaps downstairs too

[snakehead]

A break out of this channel is bullish, but could just as easily make another attempt to the downside....

If you look at this same chart on a slightly larger time frame (this or GDX), IMHO it looks like a bear flag. (Plus -- gap fill on Wednesday/Thursday followed by no follow-through.)

True, has the potential, I guess we will have to see how it plays itself out. A fall below the bear flag would be ideal.....for the bulls...

TraderGirl: What is your take on NUGT now? Has it dipped below the bear flag?

I got restless and closed my (long) DUST position for a small but successful scalp.

[snakehead]

Double post. Sorry.

[BullBear52x]

Talking gaps.

There are all sorts of gaps downstairs too

As long as the gap of 133 is survive on the down side, Bulls should be OK.

[agunther]

volume surge, hopefully that means something, such as rebound. boring, really boring day.

I would give up hope on rebound for today Cobra

well, at least big guys tried, see that phantom bar?

Forgive my ignorance, but what is the significance of these?

[BullBear52x]

I am done today, Thanks Cobra and everyone, have a good weekend

TA note: Yellow special, we park around here today?

[xfradnex]

Spy and Russell Elder Close now red.

[wayne0708]

Talking gaps.

There are all sorts of gaps downstairs too

As long as the gap of 133 is survive on the down side, Bulls should be OK.

Agree...

[cougar]

AAPL "on the downside"...to be continued....

my 1 min on AAPL

Nice! I see that we have a similar target/support zone!

[Petsamo]

Well fellas, it's looking like a gap down. Who's placing bets?

[SWalsh]

Yes sir, He spoke this morning. Until integrity returns to the market, the small investors won't, there is just too many empty seats yet at the ballgames and the X-gens resent where we elders have let policy lead to this sad state of fiscal affairs. They are the sharpest pencils in the population box. We owe it to them to replace the old gaming chips with new ones.

WOW....well let me say this much.....for those who have been struggling with the markets, when they curtail these machines you should have much better ways of defining your "edge", which is when you should be trading. This has been a disgrace to see what these machines have been doing. And despite the NYSE requesting some requirement be made to leave a bid/offer in the system, the SEC replied, "We'll monitor for abuses". Your government NOT at work....or at least not for us.

This was funny! http://video.cnbc.com/gallery/?video=3000089795&play=1

I don't want to divulge my entire background on the Internet, but let me just say that I am, in most areas regarding trading, a credible witness. I am also prone to smacking people who pee on my leg and tell me it's raining. The Indian guy, or wherever he is from, has likely come to the states, sees an entity, makes a good living, and to him it means money. The cavalier attitude when he tells the white guy he is wrong is the poker tell as to his allegiances, which are purely financial. The white guy has said EXACTLY what I have been saying here. I can easily speak of economics, have some economists (real PhD) friends, and they agree with my points. They are destroying the capital forming base of this system. Now, let's see if that video is available Monday


Everyone should watch that clip.


Thanks

[Valance]

Betting on Apple gap down monday.

[pezhead9000]

Rally Monkey burned out at 11:45 this morning