07/18/2012 Live Update

[Cobra]

the big picture STILL is not bad though.

[ballatines]

a small rising wedge inside a big rising rising wedge ... anyone remember when it happened be4 (be4 a big correction)? tks bull ... today i am so happy to sell my long to take profit

[Al_Dente]

the big picture STILL is not bad though.

COBIE
I’m curious why u don’t see this as double top
Hope u will address that tonight (?)

thanks for everything u wise little snake

[MrMiyagi]

IBM reports AH. This baby determines tomorrow's direction.

[Cobra]

the big picture STILL is not bad though.

COBIE
I’m curious why u don’t see this as double top
Hope u will address that tonight (?)

thanks for everything u wise little snake

If it turns out to be not a double top, I'll explain. otherwise I'd pretend I never said this.

[kamukak]

IBM earning has to be really good, My boss is getting big bonus and in last meeting with staff he was mentioning that IBM is getting a lot more contract this quarter and he did mention that IBM UK revenues are going to be best ever. Careful here i said IBM UK !

[Cobra]

the big picture STILL is not bad though.

COBIE
I’m curious why u don’t see this as double top
Hope u will address that tonight (?)

thanks for everything u wise little snake

actually, double top does get chances. I'm just thinking of a little bit more push up to make a clear higher high. right now, SPY does make a tiny higher high but SPX not yet.

[KENA]

Al_Dente..the last post was the 5th one so I could not send..Could not delete so had to log off and on again.Anyway on the up side of the dome(left side) pick your point where you think the dome forms like the SPY formed at about 137.05.The first dn side of this dome would be 137.05.If you picked the right target the dn move will usually stall ta that point like this one did at 137.05.This acts like res.

[BlackThought]

the big picture STILL is not bad though.

COBIE
I’m curious why u don’t see this as double top
Hope u will address that tonight (?)

thanks for everything u wise little snake

because a double top looks too obvious/easy IMO

[MrMiyagi]

[fehro]

triangle? bull flag? or H&S?

[Al_Dente]

Thanks kena
Thanks cobie

Paging mr. miyagi
U forgot the button today (?)
This is all yr fault

[MrMiyagi]

The Button is off circuit during earnings!

[vfengle]

by the way, a pullback or better consolidation here is logical.

I was just post a double top look at SPY on my blog.

It's time to test my theory: I don't read it as double top. If I'm right I'd tell why, otherwise, I'd pretend that I never said this.

because the right was higher than left?

[Cobra]

by the way, a pullback or better consolidation here is logical.

I was just post a double top look at SPY on my blog.

It's time to test my theory: I don't read it as double top. If I'm right I'd tell why, otherwise, I'd pretend that I never said this.

because the right was higher than left?

no.

[KeiZai]

This kind of divergence makes me always confident in being short

NZD/USD

The attachment NZ.png is no longer available

AUD/USD

The attachment AU.png is no longer available

Why NZD weak?

Why NZD AUD divergence would be bearish?

Sorry was away, can be bullish as well but not in this case ...don´t know why but it works S&P have strongest correlation with NZD/USD and AUD/USD

AUD

NZD

[BullBear52x]

Thanks Cobra and everyone, GLTA

TA note: up as usual, there's some activities in TVIX, too early but the VIX is getting low enough to consider.

[Al_Dente]

The Button is off circuit during earnings!

who's rule is that ?
i'd like 2 file a complaint

[Cobra]

The Button is off circuit during earnings!

who's rule is that ?
i'd like 2 file a complaint

[fehro]

VIX still wedging lower.. but not outside of its BB.