08/21/2012 Live Update

[Cobra]

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Small gap up above yesterday's high so not sure whether the gap will be filled or not.

Global ES still travels along the top channel line, nothing to say.

[Harapa]

Momentum block status as of Aug, 21, 2012 9AM:
Currency market ST momentum is now in sync with the US and World markets (ex emerging markets) momentum. Bulls are in control.

Momentum Block.png (11.67 KiB) Viewed 5046 times

[stucap]

No reason to be long this market + No reason to be short this market = BOT Party

[Petsamo]

No reason to be long this market + No reason to be short this market = BOT Party

My account is happy I went long on CLF yesterday. I'll take profits this morning.

[Cobra]

the open.

[EvilTrader]

Tom McClellan, of the $NYMO - mcClellan Oscillator fame, is betting on a BULL rally until the elections !

You heard, the bull market will go on.

The McOscillator was developed by his father in the 1960s.

[Cobra]

multi-year new high now.

[Petsamo]

Tom McClellan, of the $NYMO - mcClellan Oscillator fame, is betting on a BULL rally until the elections !

You heard, the bull market will go on.

The McOscillator was developed by his father in the 1960s.

IMO, the Romney-Ryan rally is months early.

[Xian]

Tom McClellan, of the $NYMO - mcClellan Oscillator fame, is betting on a BULL rally until the elections !

You heard, the bull market will go on.

The McOscillator was developed by his father in the 1960s.

IMO, the Romney-Ryan rally is months early.

Riiiight, because market participants can't read polls (hint: Obama out front. Romney needs to run the table). Please stop posting your political drivel. It's distracting, out of place and usually just plain WRONG.

[Petsamo]

Tom McClellan, of the $NYMO - mcClellan Oscillator fame, is betting on a BULL rally until the elections !

You heard, the bull market will go on.

The McOscillator was developed by his father in the 1960s.

IMO, the Romney-Ryan rally is months early.

Riiiight, because market participants can't read polls (hint: Obama out front. Romney needs to run the table). Please stop posting your political drivel. It's distracting, out of place and usually just plain WRONG.

You have another explanation for this rally ?

[Harapa]

You have another explanation for this rally ?

Irrational exuberance! (A term coined by former Fed chairman Alan Greenspan in explaining '96-00 bull market)

[stucap]

You have another explanation for this rally ?

Irrational exuberance! (A term coined by former Fed chairman Alan Greenspan in explaining '96-00 bull market)

Market will rally until all bears are broke. Then it will dump.

[Xian]

Tom McClellan, of the $NYMO - mcClellan Oscillator fame, is betting on a BULL rally until the elections !

You heard, the bull market will go on.

The McOscillator was developed by his father in the 1960s.

IMO, the Romney-Ryan rally is months early.

Riiiight, because market participants can't read polls (hint: Obama out front. Romney needs to run the table). Please stop posting your political drivel. It's distracting, out of place and usually just plain WRONG.

You have another explanation for this rally ?

You mean other than the entire world market gambling on Mitt Romney pulling an inside straight? Yes: Jackson Hole, Euro crisis resolution, and pure TA all make MUCH more sense at this point.

[Petsamo]

You have another explanation for this rally ?

Irrational exuberance! (A term coined by former Fed chairman Alan Greenspan in explaining '96-00 bull market)

Not - EWG (Germany) and emerging markets give good dividends.

[SB73]

so much for the declining volume rule...absolutely no bear setups work. Sitting long and moving stops up.

[SB73]

so much for the declining volume rule...absolutely no bear setups work. Sitting long and moving stops up.

oh yeah and for those counting at home spy up 12 out of 13

[Petsamo]

pure TA all make MUCH much sense at this point.

And I'll bet you made a lot of money on this rally ?

[Xian]

so much for the declining volume rule...absolutely no bear setups work. Sitting long and moving stops up.

We'll see what happens IF/WHEN we touch 1433.... The rubber meets the road on Sept 1 in Jackson Hole. Until then the Bernanke Put seems to be alive & well

[TradingJackal]

A little early on that button Mr. Miyagi

[stucap]

A little early on that button Mr. Miyagi

covered my short. market may go down now. you're welcome.