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08/03/2012 Live Update

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Cobra
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08/03/2012 Live Update

Post by Cobra »

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Huge gap up so the gap might not be filled.

Key time on Global ES as this is the 2nd test of the previous high, so no failure is allowed, bulls must decisively break above the previous high to avoid any possible bearish pattern. Let's see.
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stucap
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Re: 08/03/2012 Live Update

Post by stucap »

Ha. Reaction to the "employment situation" was such a joke. No swings back and forth while we figure it out....just straight up....like they knew.
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KeiZai
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Re: 08/03/2012 Live Update

Post by KeiZai »

Yes exactly this happens when KeiZai broke his rule (stick to the plan) and underestimates the power of turn dates, I hope that at least late bears took my advice about very high probability of gap up
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Too bad I closed longs yesterday but week was good shoulda be better but greed is not good :D I am satisfied with this week hope u all are

Opened some positions at Europe open and will let them fly so I am done for this week

Have a nice weekend
Last edited by KeiZai on Fri Aug 03, 2012 9:18 am, edited 2 times in total.
My satisfaction always came from beating the market, solving the puzzle. The money was the reward, but it was not the main reason I loved the market (Jess Livermore)
pablorynx
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Re: 08/03/2012 Live Update

Post by pablorynx »

Did anyone see a p-bar on the SPY this morning? How already so quickly?
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BlackThought
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Re: 08/03/2012 Live Update

Post by BlackThought »

Calls gonna look good today :)
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EvilTrader
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Re: 08/03/2012 Live Update

Post by EvilTrader »

Fade ! Fade ! Fade ! :lol:
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Petsamo
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Re: 08/03/2012 Live Update

Post by Petsamo »

stucap wrote:Ha. Reaction to the "employment situation" was such a joke. No swings back and forth while we figure it out....just straight up....like they knew.
Employment situation still sucks big
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stucap
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Re: 08/03/2012 Live Update

Post by stucap »

Petsamo wrote:
stucap wrote:Ha. Reaction to the "employment situation" was such a joke. No swings back and forth while we figure it out....just straight up....like they knew.
Employment situation still sucks big
uh duh
victorm
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Re: 08/03/2012 Live Update

Post by victorm »

stucap wrote:Ha. Reaction to the "employment situation" was such a joke. No swings back and forth while we figure it out....just straight up....like they knew.
After “no stimulus” from Benmarke and Draghi, we should know that they prepared something also…, not so eagerly awaited and we have it this morning…, good I loaded with TNA yesterday.
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jdow
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Re: 08/03/2012 Live Update

Post by jdow »

BlackThought wrote:Calls gonna look good today :)
Yahoo QQQ.. :D :D :D
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Cobra
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Re: 08/03/2012 Live Update

Post by Cobra »

the open. it's way too stretched, so might be a pullback first.
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OverUnder
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Re: 08/03/2012 Live Update

Post by OverUnder »

EFSF asks for repurchase facility, uncommitted secured and committed unsecured loan proposals.
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EvilTrader
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Re: 08/03/2012 Live Update

Post by EvilTrader »

There's a reliable historical pattern for Employment data days, very well known.

If Big gap up, we top in the morning then trend down to close.

If Big Gap down its the reverse play.


Isnt that correct ? Someone may add some new info, cobra ?

Im fading it. :ugeek:
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jdow
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Re: 08/03/2012 Live Update

Post by jdow »

jdow wrote:
BlackThought wrote:Calls gonna look good today :)
Yahoo QQQ.. :D :D :D
sold QQQ Yahoo
grachu
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Re: 08/03/2012 Live Update

Post by grachu »

Cobra can you say anything about the VIX so low ? ( I am actually looking at the VXX)
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L_T
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Re: 08/03/2012 Live Update

Post by L_T »

I drew these lines in on X weeks ago. Funny how they actually work sometimes. 8-)
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stucap
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Re: 08/03/2012 Live Update

Post by stucap »

EvilTrader wrote:Fade ! Fade ! Fade ! :lol:
need prayer. no resi up where we plan to open. pray for a restest of some resi to get long.
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Mr. BachNut
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Re: 08/03/2012 Live Update

Post by Mr. BachNut »

Market Neutral.
Another day, another zag or zig.
My signals are sided long.
Doing nothing as I will be out all day.
Market seems manic.
VIX opened at 16 this morning, which is low.
I know I don't feel as relaxed as Mr. VIX, but perhaps I should...
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Mr. BachNut
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Re: 08/03/2012 Live Update

Post by Mr. BachNut »

Crude up big.

Russia escalating in Syria?

http://www.bbc.co.uk/news/world-europe-19108141

Never a dull moment.
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Tutti
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Re: 08/03/2012 Live Update

Post by Tutti »

EvilTrader wrote:There's a reliable historical pattern for Employment data days, very well known.

If Big gap up, we top in the morning then trend down to close.

If Big Gap down its the reverse play.


Isnt that correct ? Someone may add some new info, cobra ?

Im fading it. :ugeek:
Not updated this year, but you get the gist..
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