05/21/2012 Live Update

Post by **Cobra** » Mon May 21, 2012 9:04 am

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Small gap up, within Friday's range so chances are the gap will be filled.

Global ES briefly broke the trend line, had a sharp rebound, now it may try test the previous low which is a very common pattern. Should if fail to make another lower low then chances are we finally could see some meaningful rebound. So bulls have fingers crossed, may the force be with you!

Post by **Cobra** » Mon May 21, 2012 9:09 am

DAX needs strong rebound, so far the current rebound still means the selling isn't over. Hopefully in the rest 2 and half hour, everything could be changed.

Petsamo · Post by **Petsamo** » Mon May 21, 2012 9:16 am

This is the 4th day where we have an unexpected gap up. The previous 3 days, we rejected the gap up.

cougar · Post by **cougar** » Mon May 21, 2012 9:26 am

$DXY [US$] the drop by night = very technical at 23.6% retracement...and bounce !

Post by **Cobra** » Mon May 21, 2012 9:32 am

the open.

Post by **Cobra** » Mon May 21, 2012 9:34 am

very low ChiOsc, so bulls might have some chances today, let's see.

KENA · Post by **KENA** » Mon May 21, 2012 9:38 am

The S&P H&S is near 1.3% of their lower Projection point with only 9.8% of stocks showing pos. strength.This is telling the Bears to be careful and be ready for a relief rally at any time.The r/rw is not in favor of the bears.So lets see.

SWalsh · Post by **SWalsh** » Mon May 21, 2012 9:39 am

I believe it's one or the other. The down wave count is something the economy, and cities, can't handle, so they are going to try to stop it:

Richarab · Post by **Richarab** » Mon May 21, 2012 9:43 am

SWalsh wrote:I believe it's one or the other. The down wave count is something the economy, and cities, can't handle, so they are going to try to stop it:

old men can't handle it too, like me, at 83 yrs - Allah Akbar

cguirguis · Post by **cguirguis** » Mon May 21, 2012 9:46 am

Richarab wrote:
SWalsh wrote:I believe it's one or the other. The down wave count is something the economy, and cities, can't handle, so they are going to try to stop it:
old men can't handle it too, like me, at 83 yrs - Allah Akbar

"allah akbar"? Please don't bring that junk in here.

THAT GUY · Post by **THAT GUY** » Mon May 21, 2012 9:47 am

Richarab wrote:
SWalsh wrote:I believe it's one or the other. The down wave count is something the economy, and cities, can't handle, so they are going to try to stop it:
old men can't handle it too, like me, at 83 yrs - Allah Akbar

haha RichArab .... you crack me up sometimes. it makes me think that you really are 83 yrs old - Masha'a Allah

Petsamo · Post by **Petsamo** » Mon May 21, 2012 9:48 am

So who's selling this upleg?

champix · Post by **champix** » Mon May 21, 2012 9:48 am

FACEBOOK is tanking... (-11%) what a shame this IPO !

Richarab · Post by **Richarab** » Mon May 21, 2012 9:50 am

cguirguis wrote:
Richarab wrote:
SWalsh wrote:I believe it's one or the other. The down wave count is something the economy, and cities, can't handle, so they are going to try to stop it:
old men can't handle it too, like me, at 83 yrs - Allah Akbar
"allah akbar"? Please don't bring that junk in here.

The only junk is in your trunk

Post by **Cobra** » Mon May 21, 2012 9:50 am

champix wrote:FACEBOOK is tanking... (-11%) what a shame this IPO !

ha, indeed.

KENA · Post by **KENA** » Mon May 21, 2012 9:52 am

Up date on liquidity..Dn tick on Fri and still holding in the contraction area..Liquidity in this area is bearish..But right now the mkt is ready for short term a up move.

( Chart by Stocktiming )

bucks · Post by **bucks** » Mon May 21, 2012 9:56 am

ha, indeed.[/quote]

Is there way on this forum to view the posts of only one certain person? like Cobra's only?

dr659 · Post by **dr659** » Mon May 21, 2012 9:59 am

bucks wrote:ha, indeed.

Is there way on this forum to view the posts of only one certain person? like Cobra's only?

[/quote]
No S#it

Richarab · Post by **Richarab** » Mon May 21, 2012 10:01 am

bucks wrote:ha, indeed.

Is there way on this forum to view the posts of only one certain person? like Cobra's only?

[/quote]

I know what you mean - send me a personal message with your email and I will be sure to copy you my messages all the time - that way you can get all my insights to your inbox and avoid the noise so to speak

---
I am here: http://tapatalk.com/map.php?4tfto0

SWalsh · Post by **SWalsh** » Mon May 21, 2012 10:06 am

Richarab wrote:
SWalsh wrote:I believe it's one or the other. The down wave count is something the economy, and cities, can't handle, so they are going to try to stop it:
old men can't handle it too, like me, at 83 yrs - Allah Akbar

Consider yourself blocked as you contribute nothing...bye

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