06/11/2012 Live Update

[BullBear52x]

Da bears almost have their day, one more penny.....ooooo

bb right now our favorite volume ratio is at your magic number 0.3
That means nearing oversold vol and nearing bounce zone???
But I’ve noticed it can stay os for a couple/few days before bounce?
Am I reading it correctly this time, finally???

what if it's different this time

bubba boy u didn’t even A my dang Q
Am I even starting to read that shite-volume ratio properly???????
[ps hate volume; luv u]
u just better keep your line in the sand 132.30 and DON’T go soft on us there
oh and btw keep these handy
c u tomorro

Yes, you read it right, over sold and people dumping is of the same. good and bad all together. Have a nice day. I am done here too

Thanks Cobra and everyone, GLTA

TA note: If you are trend follower you will have to be a little more patience, I see no fat lady yet. see MACD here not turning yet, so wait a little more I guess.

[CarlosDK]

Cobra ,, daily chart on DRV what do you see pattern ? any patterns remarkable?

[jynmax]

Copper so far go as planned

agree with you

[MrMiyagi]

TG, here's the first bars of the day on my platforms;

[Cobra]

now aapl 60 min chart looks bearish, it's a head fake: http://stockcharts.com/public/1684859/c ... /260183775;

[Cobra]

smaller target.

[MrMiyagi]

smaller target.

In addition to the biggun' or in place of Cobra?

[TraderGirl]

TG, here's the first bars of the day on my platforms;

I think this could be bearish price action that good news couldn't get us over 1335....

We may struggle to try to close over 1340 this week...if we cannot, then by the end of this week we may see the crest before we see a lower low....???

[Petsamo]

smaller target.

In addition to the biggun' or in place of Cobra?

The bigger one will probably be met tomorrow

[fehro]

lower targets 1300? 1290-80 ish?

[Cobra]

smaller target.

In addition to the biggun' or in place of Cobra?

In addition of course.

[Ed02]

Cobra, could you give a quick look at GRMN? Curious to know where could be target/bottom. Thx.

[TraderGirl]

USO, posted this long term chart last week...almost hitting bottom channel...
so needs to turn around here, or could break below....

[MrMiyagi]

USO, posted this long term chart last week...almost hitting bottom channel...
so needs to turn around here, or could break below....

Just the chart I was looking for, what would be the bottom if it broke down?

[TraderGirl]

USO, posted this long term chart last week...almost hitting bottom channel...
so needs to turn around here, or could break below....

Just the chart I was looking for, what would be the bottom if it broke down?

That price level at the bottom of the channel is about .20 cents away around 30.60...

[MrMiyagi]

That price level at the bottom of the channel is about .20 cents away around 30.60...

I meant how low can it go overall?

[TraderGirl]

SPX...potential support here, but this is a bearish price pattern...

Turn on Monday and Wednesday, so we turned down today, could turn up on Wednesday or sometime tomorrow....

That means, we could be down more into tomorrow...???

[TraderGirl]

That price level at the bottom of the channel is about .20 cents away around 30.60...

I meant how low can it go overall?

The next channel below would be around $26.50, but I am sure that even if we were to get down to that level, we could see a bounce here first....IMHO....

A breach of the trend line would be telling....

[TraderGirl]

SPX...fib levels as support 38% at 1309, 1300 next if goes below...

[Cobra]

target met.