06/29/2012 Live Update

[Al_Dente]

Bust that 5 minute 50ma that has held all day long… and scalpers will head out and not look back….
INTRADAY ONLY
FIVE MINUTE CHARTS ONLY
SCALPERS ONLY
etc

[Al_Dente]

right there

[KENA]

Mon. should be green by the stats but with this big up move maybe not ..What are the odds????

[Cobra]

support.

[SWalsh]

Now this is interesting!

[SWalsh]

Mon. should be green by the stats but with this big up move maybe not ..What are the odds????

Well we know this is a short squeeze.

How was that? Big help? Loading the boat?

[KeiZai]

Remember last summit? After the crazy runnup came right down after Greece said they were gonna referendum. Poised for the same drama next week this time?

Unlikely. Spain and Italy got what they wanted with little to no austerity.
Doesn't matter, Way overextended anyways. US fiscal cliff and China real estate bubble remain the real threads.

So far it´s not done deal, need to be approved by german bundestag and so on...ClarkW: http://seekingalpha.com/instablog/73994 ... it-from-it

btw I opened shorts at 1358 maybe I caught the top we will see can go to max 1364 IMHO

[Cobra]

strong rebound from support.

[noob]

Remember last summit? After the crazy runnup came right down after Greece said they were gonna referendum. Poised for the same drama next week this time?

Unlikely. Spain and Italy got what they wanted with little to no austerity.
Doesn't matter, Way overextended anyways. US fiscal cliff and China real estate bubble remain the real threads.

So far it´s not done deal, need to be approved by german bundestag and so on...ClarkW: http://seekingalpha.com/instablog/73994 ... it-from-it

btw I opened shorts at 1358 maybe I caught the top we will see can go to max 1364 IMHO

Same thought here.

[Cobra]

key time, drops below the green line below then finally the top was in today but, hey, meaningless now as it's 20 min to close. overall, very strong day.

[Tek33]

UVXY hitting a 52 wk low

[MrMiyagi]

Flush right here to the close, profit taking event would not be out of the question.

[noob]

Remember last summit? After the crazy runnup came right down after Greece said they were gonna referendum. Poised for the same drama next week this time?

Unlikely. Spain and Italy got what they wanted with little to no austerity.
Doesn't matter, Way overextended anyways. US fiscal cliff and China real estate bubble remain the real threads.

You could say the same thing about greece last time, they got the bailout.

[Al_Dente]

I wonder what it means when Cobra switches to 1 min charts all day long ?
I don’t want to bother him with stupid questions

[Petsamo]

I wonder what it means when Cobra switches to 1 min charts all day long ?
I don’t want to bother him with stupid questions

1 min charts are cool. I've been using them all along.

[Cobra]

I know what bears hope for, 2% up day but not MAD. first of all, still 16 min to go, anything is possible, 2ndly, up huge not MAD stops working recently. so I won't simply bet on this.

[Al_Dente]

I wonder what it means when Cobra switches to 1 min charts all day long ?
I don’t want to bother him with stupid questions

1 min charts are cool. I've been using them all along.

me too but cobra usually posts 5 min charts........

[Petsamo]

IWM did not bounce like SPY did. It stayed down

[Cobra]

I wonder what it means when Cobra switches to 1 min charts all day long ?
I don’t want to bother him with stupid questions

because the range combining today and yesterday are too large, so the 5 min chart bar becomes too small therefore looks each bar very weak which actually is not, so I have to switch to 1 min chart.

[MrMiyagi]

IWM did not bounce like SPY did. It stayed down

RUT is already above the upper BBand, stretched like a gymnast about to snap;