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05/16/2012 Live Update

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Cobra
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05/16/2012 Live Update

Post by Cobra »

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Gap up within yesterday's range, so chances are the gap will be filled.

Nothing to say on Global ES, other than the feeling is this rebound has legs, we'll see.
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TraderJoe
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Re: 05/16/2012 Live Update

Post by TraderJoe »

Well, the big FB IPO is only days away. How much of a POP in the market do you guess it will create?
PGM
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Re: 05/16/2012 Live Update

Post by PGM »

Cobra, do you have a link to your most detailed post about that 6.5% yearly decline since 2000?

Thanks.
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KeiZai
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Re: 05/16/2012 Live Update

Post by KeiZai »

Rebound as was expected
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Cobra
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Re: 05/16/2012 Live Update

Post by Cobra »

DAX broke below H&S Top neckline but having a dramatic coming back, so I need see if this break could hold first before blah blah how bear is bear :mrgreen:
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Cobra
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Re: 05/16/2012 Live Update

Post by Cobra »

PGM wrote:Cobra, do you have a link to your most detailed post about that 6.5% yearly decline since 2000?

Thanks.
Only one chart and I showed you in the last night report. That is all.

Not always 6.5% decline, it's 6.5% swing, i.e. could be either direction.

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SWalsh
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Re: 05/16/2012 Live Update

Post by SWalsh »

KeiZai wrote:Rebound as was expected
Were you 100%+ long? :o
"I told you...................bring me everyone"...http://www.youtube.com/watch?v=MrTsuvykUZk
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Cobra
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Re: 05/16/2012 Live Update

Post by Cobra »

the open.
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KeiZai
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Re: 05/16/2012 Live Update

Post by KeiZai »

SWalsh wrote:
KeiZai wrote:Rebound as was expected
Were you 100%+ long? :o
viewtopic.php?f=2&t=545&p=75463#p75463
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Cobra
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Re: 05/16/2012 Live Update

Post by Cobra »


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Re: 05/16/2012 Live Update

Post by uempel »

Cobra wrote:DAX broke below H&S Top neckline but having a dramatic coming back, so I need see if this break could hold first before blah blah how bear is bear :mrgreen:
I had to get up very early today: DAX bounced at support 6300 at about 3:30 am :D 6300 looks good, should hold for the next few days. Support further down is at 5900 (minus another 7 percent).
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FYI: I started to play DAX a few weeks ago, I like the volatility. A real rollercoaster.
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Mr. BachNut
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Re: 05/16/2012 Live Update

Post by Mr. BachNut »

Short.
Letting profit run but stop lowered from yesterday's level.
Market is oversold and ripe for a bounce, which would close me out.
Plunges can occur from these conditions too, however.
So, we'll just have to see what Mr. Market brings.
poulsbotrader
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Re: 05/16/2012 Live Update

Post by poulsbotrader »

Looks like GOOG may be breaking out today.
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Cobra
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Re: 05/16/2012 Live Update

Post by Cobra »

it's a nice change because now bulls are able to hold the gap. let's see, hopefully we could see huge rally today.
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TraderJoe
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Re: 05/16/2012 Live Update

Post by TraderJoe »

Cobra wrote:it's a nice change because now bulls are able to hold the gap. let's see, hopefully we could see huge rally today.
How HUGH would you guess? 136?
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Cobra
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Re: 05/16/2012 Live Update

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TraderJoe wrote:
Cobra wrote:it's a nice change because now bulls are able to hold the gap. let's see, hopefully we could see huge rally today.
How HUGH would you guess? 136?

wait until 10am ET then I might give you a 60% chances target, could be 1345.75 for ES or 135.08 for SPY.

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Cobra
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Re: 05/16/2012 Live Update

Post by Cobra »

60% chances, target SPY 135.18 or ES 1346.25.

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cougar
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Re: 05/16/2012 Live Update

Post by cougar »

For the US$ …an unexpected visitor: a Gartley bearish butterfly. Someone might try to stop $DXY from climbing:
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KeiZai
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Re: 05/16/2012 Live Update

Post by KeiZai »

BTW my long term target for silver was hit today (27) but I feel that after rebound there is more to come so not going LT long yet to target 3
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TraderJoe
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Re: 05/16/2012 Live Update

Post by TraderJoe »

Cobra wrote:60% chances, target SPY 135.18 or ES 1346.25.
Thanks!!
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