08/03/2012 Live Update

[Cobra]

in case people doubt my "descending triangle is continuation pattern", here's my text book evidence: http://stockcharts.com/help/doku.php?id ... _triangle_

[KeiZai]

Looks like Europe's leading blue-chip index is pretty close to critical line...as goes eurostoxx so goes the European indexes

EX44.png

Ex33.png

Thank you!

Based on your first chart, it looks like the first time it touches the downtrend line on daily, there's an imminent power struggle which causes an immediate pullback
Those charts correlate with the SPY charts I posted this morning, nice...

You are welcome

[Cobra]

before the Canada long weekend, do me a little favor, vote for me, thanks: http://stockcharts.com/public/1684859/tenpp

[xfradnex]

in case people doubt my "descending triangle is continuation pattern", here's my text book evidence: http://stockcharts.com/help/doku.php?id ... _triangle_

We beileve. So the target is around 139.10

[Klarisskin]

Can anybody please explain for a stupid one what happened today? Why the rip your face off rally for most of the day? what changed since yesterday? What am I missing?

[MrMiyagi]

Can anybody please explain for a stupid one what happened today? Why the rip your face off rally for most of the day? what changed since yesterday? What am I missing?

The jobs report showed that everyone has a job in the USA now.

[xfradnex]

Can anybody please explain for a stupid one what happened today? Why the rip your face off rally for most of the day? what changed since yesterday? What am I missing?

Euro-up news here: http://www.telegraph.co.uk/finance/debt ... -live.html. Mariano Rajoy folding against his previous promises to avoid austerities.

This is a multiple good news day, pushing on the Volatility envelope. Yes, Spain is on their hand and knees asking for money. That is good news.

[Klarisskin]

1. 50% of the gains were made before the jobs report.
2. Jobs report with all the seasonal adjustments and death-beath model mambo-jumbo is nonsense.

Stil hardly explains 30 points ES rally.

[Klarisskin]

Mariano Rajoy folding against his previous promises to avoid austerities..

Do I understand this correct - Spain on the verge of asking for a bailout is the reason for a rally?

[MrMiyagi]

1. 50% of the gains were made before the jobs report.
2. Jobs report with all the seasonal adjustments and death-beath model mambo-jumbo is nonsense.

There you go; no reason needed.

[xfradnex]

Mariano Rajoy folding against his previous promises to avoid austerities..

Do I understand this correct - Spain on the verge of asking for a bailout is the reason for a rally?

The truth is stranger than fiction. The move was made over night.

[Anaconda]

Just dropping in for a quick visit to confirm my 3rd p-bar to 136.63, for the day.
Ciao,
A.

[Cobra]

well, descending triangle still valid.

[dr659]

before the Canada long weekend, do me a little favor, vote for me, thanks: http://stockcharts.com/public/1684859/tenpp

Canada long weekend? whats going on?

[Cobra]

indeed descending triangle. here's text book target.

[Cobra]

before the Canada long weekend, do me a little favor, vote for me, thanks: http://stockcharts.com/public/1684859/tenpp

Canada long weekend? whats going on?

Maybe just for Ontario? I'll update like usual, don't worry. for the past 5 years, I never missed one day for the US market.

[xfradnex]

Duke's brothers: http://www.youtube.com/watch?v=5kMTHwjy ... related :)

[EvilTrader]

VWAP indeed !

[MrMiyagi]

Maybe just for Ontario? I'll update like usual, don't worry. for the past 5 years, I never missed one day for the US market.

Most of the Provinces.

[KeiZai]

Honestly I would be very suprised if we break this resistance without any meaningful pullback