08/08/2012 Live Update

[MrMiyagi]

Professor Miyagi 4 u re TRAN

Interesting...

[TradingJackal]

I still believe we see a down move AH. Maybe a HS.

Hourly ES futures.

[Petsamo]

Right when I was thinking of going into AMD, it shoots up 9.5% for some reason

[xfradnex]

Texas Fed member says that Fed has done enough. I would assume that if the Fed does a QE and nothing happens, the last bullet will have been expended and all confidence will be lost. It is better to cry wolf (over and over) pretending a QE is going to happen and hope for the best. It seems to be working so far. http://wallstreetpit.com/94890-feds-fis ... nk-is-full

[xfradnex]

UK GDP down again (below zero) and decreasing.http://www.telegraph.co.uk/finance/econ ... ecast.html. Italy same. http://www.telegraph.co.uk/finance/econ ... 0.7pc.html. Mario Monti stepping down early next year.

[xfradnex]

Merkel entertainment. http://www.freakingnews.com/Angela-Merk ... -71373.asp

[xfradnex]

Daily Elders. The World markets are 12 of 15 Green. Did I say yesterday, that this turd may not flush? Maybe tomorrow. Dr Al. this ones for you: http://www.youtube.com/watch?v=SUxyikVE ... re=related

[xfradnex]

Dr Al. what does that Pachinko machine of yours say.

[Al_Dente]

Dr Al. what does that Pachinko machine of yours say.

doctor: u mean renko pachinko?
I’ll pm it 2 u in a min

[xfradnex]

Dr Al. what does that Pachinko machine of yours say.

doctor: u mean renko pachinko?
I’ll pm it 2 u in a min

Thank you. Does yours look like this(minus the cut outs). I am not a stockchart member?

[Al_Dente]

Dr Al. what does that Pachinko machine of yours say.

doctor: u mean renko pachinko?

Thank you. Does yours look like this(minus the cut outs). I am not a stockchart member?

oh sorry i forgot u r not stockcharts
it looks a bit like mine but your STO or momo on top is signaling tooooo late
try tightening it up (make it a smaller number or something)
what platform r u on?
blabla

[Al_Dente]

here's my pachinko as of close

[xfradnex]

here's my pachinko as of close

88renko3.png

Much different outcome. I don't think anyone does this chart except stockcharts. It looks like it is showing a false down? Touches the 50 and bounces up and down to 50 again. Alot of the elders are Blue also. (non-commital).

[TradingJackal]

Right after an inside day, we broke the highs to the upside. Momentum is to the upside now. Upper bollinger 14 is at 1414 on ES. Guess we are heading to 1420SPX tomorrow. Also, scratch that Wolfe wave on the SPY. The legs are not proportionate.

[MrMiyagi]

There are no overbought indicators that I can see in the indexes, futures at +36 now, I would expect a +80 to +100 DOW gain tomorrow unless some major event happens.

[xfradnex]

There are no overbought indicators that I can see in the indexes, futures at +36 now, I would expect a +80 to +100 DOW gain tomorrow unless some major event happens.

Hey, no cheating by looking at futures. What is the formula? (Futures at 11:00pm) x 3. Does this work?

[Harapa]

Dr. Al,
For you only. Check your PM for details