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05/29/2012 Live Update

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Petsamo
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Re: 05/29/2012 Live Update

Post by Petsamo »

SPY daily looks like a bear flag
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TraderGirl
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Re: 05/29/2012 Live Update

Post by TraderGirl »

Maybe not a descending triangle....
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fehro
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Re: 05/29/2012 Live Update

Post by fehro »

CDN dollar
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Al_Dente
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Re: 05/29/2012 Live Update

Post by Al_Dente »

BullBear52x wrote:The gap up this morning got my attention to buy the dip intraday, over night swing sell is still on.
Boss
Clarify pls
U buying intraday dips, and selling overnight
Or what?


In 1963, in the weeks following the March on Washington, Dylan wrote this song:
http://www.youtube.com/watch?v=vCWdCKPt ... re=related
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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BullBear52x
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Re: 05/29/2012 Live Update

Post by BullBear52x »

Petsamo wrote:SPY daily looks like a bear flag
it is that's why my swing sell is still on over night, buy intraday for daytrade only on my side. here is my intraday position point of entry.
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My comments are for entertainment/educational purpose only. NOT a trade advice.
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BullBear52x
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Re: 05/29/2012 Live Update

Post by BullBear52x »

Al_Dente wrote:
BullBear52x wrote:The gap up this morning got my attention to buy the dip intraday, over night swing sell is still on.
Boss
Clarify pls
U buying intraday dips, and selling overnight
Or what?
Dr. Al here is my line to hold over night and close out all my shorts if SPY trade above it this time.
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Tabby
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Re: 05/29/2012 Live Update

Post by Tabby »

Petsamo wrote:
Tabby wrote:
Petsamo wrote:
Al_Dente wrote:If u use SID for long/short, overlay EWZ

There's something you may have missed. The last time I wanted an ADR (ITUB), they warned the bank's gonna charge a fee. I dunno what the fee is.
Some of them are good like BIDU but many of them from the date of inception to go to OT/pink sheet is not too long. There are people who made Gillion $$$ on them, buy them right time and sold them right timing. I would be very cautious with stocks with ADR on it unless you are a professional trader and know what you are doing. This does not mean that X or STLD won't go bankrupt. There is nothing guaranteed in this market expect taxation or death.
Last edited by Tabby on Tue May 29, 2012 2:01 pm, edited 1 time in total.
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Al_Dente
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Re: 05/29/2012 Live Update

Post by Al_Dente »

Petsamo ADR fee is couple of bucks.
My favorite ADR of all time is BIDU
Just not at the moment
ADRs at the very least have satisfied the (cough) stringent listing requirements of the American exchanges, and they at least have to report quarterly numbers.

(The fraud ratio is much better than going to the host exchange and buying some cockamamie opaque int'l stock…. and that’s IF the host exchange will
let you in…they don’t…and this from Al who is afraid of his own shadow...)
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
TraderGirl
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Re: 05/29/2012 Live Update

Post by TraderGirl »

We had another p-bar on the SPY that meant nothing...wonder if this one will have any significance other than filling a gap...???
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Richarab
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Re: 05/29/2012 Live Update

Post by Richarab »

vix just dropped off a cliff -ES spiking - SQUEEZE? or more than that?
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snakehead
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Re: 05/29/2012 Live Update

Post by snakehead »

Cobra wrote:you don't want to see price consolidating here, no good for bulls.

Cobra: What is the status of $DAX -- is it still hanging out below the neckline .............. or did it break thru today?

DAX is still below 6400 (barely) but I noticied u did not post your usual morning chart (of DAX and neckline)?
"We got a runaway train boy, we got a billion Eddie Barzoons all jogging into the future. Every one of 'em getting ready to fist-#### God's ex-planet, lick their fingers clean as they reach out toward their pristine, cybernetic keyboards to tote up their f##ing billable hours. And then it hits home!"
CarlosDK
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Re: 05/29/2012 Live Update

Post by CarlosDK »

Cobra what do you think about end of today ?
fehro
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Re: 05/29/2012 Live Update

Post by fehro »

should we stall near here/1340ish and lose the 200 day...
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Petsamo
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Re: 05/29/2012 Live Update

Post by Petsamo »

Anyone see bearishness? I don't. Even if we make a slight red candlestick.
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MrMiyagi
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Re: 05/29/2012 Live Update

Post by MrMiyagi »

Petsamo wrote:Anyone see bearishness? I don't. Even if we make a slight red candlestick.
Daily bullish,
Weekly so-so
Monthly bearish.
TraderGirl
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Re: 05/29/2012 Live Update

Post by TraderGirl »

UNG has been plunging....
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EvilTrader
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Re: 05/29/2012 Live Update

Post by EvilTrader »

Talks are changing fast....

1 - from china highly probable hard landing to Chinese government being able to ease policy and avoid a severe slowdown.

2 - From greece going bust and spanish banks go under to an accomodative monetary policy, a mega bail-out.

3 - And the most important : differently from 2008, hedge-funds and banks are not ultra-leveraged 20x , so its harder to see a forced asset sell-off, margin call driven , asset crash scenario like october-2008.

I think if the worst is not priced in, its close.

Folks have to understand that liquidity drives prices, and the expectation is that tons of money will be thrown at the problems, that may very well keep us (artificially ??) from going much lower.
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BullBear52x
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Re: 05/29/2012 Live Update

Post by BullBear52x »

Daily on Qs, is it hanging on by the cliff or support is here to stay?
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TWT
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Re: 05/29/2012 Live Update

Post by TWT »

EURUSD: Triangle thrust ?
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uempel
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Re: 05/29/2012 Live Update

Post by uempel »

I'm expecting a strong move either tomorrow (less likely) or Thursday (more likely). I have a slight bullish bias, but I don't have a position, don't see odds which would make a trade worthwhile. I'm waiting patiently, no, I'm trying to wait patiently...
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