07/12/2012 Live Update

[Al_Dente]

Not idea about tomorrow yet as I'm really scared of being blamed.

COBRA…………
U……….’DA…………MAN
Don’t be scared of a few little mosquitoes
U ROCK
I mean it

[CognitiveDissonance]

well, guess that's it for today, not a strong close I'd like to see, I'm a little disappointed. Not idea about tomorrow yet as I'm really scared of being blamed. Thank you guys, I'll see you tomorrow.

Just keep doing what you're doing Cobra, don't worry about the complainers.

[Petsamo]

Spreadsheet predicts a gap up.
We have a white candlestick, but downleg based on SPY daily looks still intact.
437 K last sell on SPY

[TraderGirl]

I see the close today as bearish, since it finally closed under a support level that has been defended last couple of days....could get down to 1323...

[soku]

i bet on a bd chinese gdp. i bet on ah dip. i bet on vix up

[EvilTrader]

PAGING EVIL
Brooks deals almost exclusively with each and every five minute candlestick.
Obsessive compulsive disorder on every friggin' stick (like us)
http://screencast.com/t/T0IxjxjECk2s
I like it when he simplifies it, eg: [paraphrased]: “every candlestick is either a trend candle or a doji, period…”

LoL

I like it simple. You are pushing me to buy the book

A Brooks-Cobra Combo will deliver the ultimate trade system

[JB007]

Not idea about tomorrow yet as I'm really scared of being blamed.

COBRA…………
U……….’DA…………MAN
Don’t be scared of a few little mosquitoes
U ROCK
I mean it

I promise, no more front running Cobra's calls at least until next week.

[OverUnder]

XIV still happily consolidating.

[Al_Dente]

PAGING EVIL
Brooks deals almost exclusively with each and every five minute candlestick.
Obsessive compulsive disorder on every friggin' stick (like us)
http://screencast.com/t/T0IxjxjECk2s
I like it when he simplifies it, eg: [paraphrased]: “every candlestick is either a trend candle or a doji, period…”

LoL
I like it simple. You are pushing me to buy the book
A Brooks-Cobra Combo will deliver the ultimate trade system

I’d send u mine but it might take me a year to get thru the whole dang thing
Plus cobra needs the stimulus

[Al_Dente]

JB007

[KeiZai]

GBP is preparing to play catch-up with euro? would be nice she is very close to sell buddies, today she survived, but for how long?

[Al_Dente]

PAGING DR. XFRADNEX

[Petsamo]

SPY daily candlestick is not as white as I thought, therefore, not so bullish-looking

[xfradnex]

PAGING DR. XFRADNEX

Working on it. I am worried there is going to be to much red today.

[TraderGirl]

Dr. Al, this one is for you...Looking at /DX there seems to be an incomplete wave...I'm looking for a possible wave "v" to complete wave 5...

There's a count that could have us potentially bottom tomorrow, and then there is an alternate count that could have us potentially bottom next week....I'm leaning towards tomorrow, but I don't have a crystal ball....

[xfradnex]

PAGING DR. XFRADNEX

Working on it. I am worried there is going to be to much red today.

Daily Elders. More red added to world markets (no green). It looks like downward resistance has stoped. Riskoff = 2 of 4 down. From my charts, it looks like there may be a flat up day or small rebound, but since total spy volume was light (not in charts), I expect more down.

[ronrico]

well, guess that's it for today, not a strong close I'd like to see, I'm a little disappointed. Not idea about tomorrow yet as I'm really scared of being blamed. Thank you guys, I'll see you tomorrow.

Blame you? you keep us straight at nearly every turn. thank you

[Al_Dente]

Dr. Al, this one is for you...Looking at /DX there seems to be an incomplete wave...I'm looking for a possible wave "v" to complete wave 5...
There's a count that could have us potentially bottom tomorrow, and then there is an alternate count that could have us potentially bottom next week....I'm leaning towards tomorrow, but I don't have a crystal ball....

Thanks TG I don’t have decent $ futures on stockcharts
Here’s what I’m looking at heikin and elders $USD daily eod
Clear breakout above double top
Clearly overbought but notice in the May historic run she stayed ob (red circles) FOR ALMOST A MONTH !
Neg diverg (my bottom panel RSI default), and I also see neg d on your TSI, right?
Honey-badger may not care.
My target would be the upper limit of my blue uptrend line, which might correspond to your “5” but it may be a bumpy ride, like your zig zag indicates, maybe bumpier. I have to be prepared for it to relax and test its MA and reload b4 it goes higher. Would yr waves be ok if she pulls back to 25/50ma on the daily?

[xfradnex]

eur/usd, yield, udn are not participating much in this “recovery” (?)

712dollarsucks.png

Looks like we are getting closure.

[Al_Dente]

DOCTOR X
i’m still bearish, but I have a handful of bounce indicators too; some on this chart…
oy………….no that needs caps and dupes today…………..OY, OY, OY
i’ll just have to wait ‘till later tonight when the big snake will tell me what 2 do and where to go…

Is your XLP v XLP/SPY elder telling us something?
Note our offensive sectors, just bouncing around inside their downtrend channel
That’s really offensive isn’t it?
When they breakout … then I’ll pay attention…

do me a favor. HYG/LQD and JNK/LQD are identical-ish
can u change one of them to junk/treasurys, like either HYG/TLT or JNK/TLT, either one
just ignor me if i’m getting too hinky/uppity
all 4 now…………thx for yr hard work .... i've gotta go do some spagetti "farming" and note for tomorrow