06/19/2012 Live Update

[Cobra]

target? I'm not sure as 23 min to close.

[pablorynx]

Any guesses on an EOD dump???

FOMC tomorrow is it not?
Statistically it is an up day, I think 100% batting average.

Check
http://www.bespokeinvest.com/thinkbig/2 ... -days.html

[SigmaEcho]

Any guesses on an EOD dump???

FOMC tomorrow is it not?
Statistically it is an up day, I think 100% batting average.

Possibly in the beginning of the day, but can end down...

From @ sentimentrader Fun fact...if $SPY was up 3 days in a row into a FOMC day, it was also up that day 15/15 times.

[MrMiyagi]

SPY games.

[MrMiyagi]

Check
fed days

Thanks pablorynx, makes better math.

[OverUnder]

Financials bull flag.

[TraderGirl]

Any guesses on an EOD dump???

FOMC tomorrow is it not?
Statistically it is an up day, I think 100% batting average.

Possibly in the beginning of the day, but can end down...

From @ sentimentrader Fun fact...if $SPY was up 3 days in a row into a FOMC day, it was also up that day 15/15 times.

Nice stats! Thanks!

[cougar]

It is a treacherous market , but since 06/14,one can buy the dips confidently ...because of the fixing of the spider

But very soon it should be over...

[Cobra]

well, guess that's it for today. there's always some possibilities that this market from now on simply go up and up and up without any pullback, but it's not in me to tell you this lower odds, although I'm not surprised that the market up and up until FOMC announcement. Thank you guys I'll see you tomorrow.

[KeiZai]

Financials bull flag.

Yeah same with BAC but still it could be rising wedge so caution here

[TraderGirl]

NUGT...

[Al_Dente]

well, guess that's it for today. there's always some possibilities that this market from now on simply go up and up and up without any pullback, but it's not in me to tell you this lower odds, although I'm not surprised that the market up and up until FOMC announcement. Thank you guys I'll see you tomorrow.

THANKS COBRA
U 'DA MAN

[TraderGirl]

Thanks Cobra and everyone, great charts....

[CognitiveDissonance]

well, guess that's it for today. there's always some possibilities that this market from now on simply go up and up and up without any pullback, but it's not in me to tell you this lower odds, although I'm not surprised that the market up and up until FOMC announcement. Thank you guys I'll see you tomorrow.

THANKS COBRA
U 'DA MAN

Ditto, thanks Cobra!

[ClarkW]

Thanks Cobra, great job as always!

[KeiZai]

Silver&Gold will be TRADE OF THE DAY tomorrow...what a squeeze

[SWalsh]

Folks are u aware that when we BLOCK someone, they stay blocked unless you hit the “quote” button and reply to them.
If you could keep your replies original and independent of that “quote” button (use the “postreply” button on the left), then we don’t have to see the paranoid, racist, homophobic drivel of those who have been blocked.
Thanks and back to work…

I leave you unblocked as you are an ignorant ass who has lied in the past about comments I have made. Clearly you are directing those at me and again you have lied

As a reminder, WOW, were you ever ignorant on your commentary on the benefits of program trading. Now THAT was drivel. It's what amateurs posts about, I guess. Perhaps you want to leave such things to the pros..DOUBLE

[SWalsh]

Also, If I have nothing to say to help people to succeed in trade .... better to stay quiet and learn from much more experienced traders.

I have a LOT to say that is helpful. And I send some to people privately. Due to some offensive and ignorant private messages I decided that it interfered with my trading to post the patterns that were taking place with HFTs on a given day as well as correcting improper EW counts.

At 1:45 the mkt had virtually no chance of making new highs which meant a sell-off was coming.

res ipsa loquitur

[SWalsh]

TMF, if correct, could break out to the upside in a C wave???

It might break to the upside but that B wave is never going to be that small percentage of the A wave of the same degree.