08/21/2012 Live Update

[Petsamo]

If MCP busts to new lows tomorrow, I'll buy in and use the hope strategy.

[rc1269]

rally into the close and wipe out a lot of the bearish/reversal indicators...? i wouldn't be surprised

[MrMiyagi]

rally into the close and wipe out a lot of the bearish/reversal indicators...? i wouldn't be surprised

I would not rule it out, Ben & Barry have some deep pockets..

TRIN has remained BULL all day.

[rc1269]

rally into the close and wipe out a lot of the bearish/reversal indicators...? i wouldn't be surprised

I would not rule it out, Ben & Barry have some deep pockets..

deeper than mine!

[Petsamo]

rally into the close and wipe out a lot of the bearish/reversal indicators...? i wouldn't be surprised

A finish well above the lows means they want this thing to gap down tomorrow.

[MrMiyagi]

TRIN has remained bullish all day long.

[Cobra]

14 min to close, so far this still looks like just 1 leg down.

[MrMiyagi]

[EvilTrader]

WHO IS BUYING THE F***** DIP ??

ISNT THE 1ST DIP A BUY ?

COBRA ?

[Nrsimha]

WHO IS BUYING THE F***** DIP ??

ISNT THE 1ST DIP A BUY ?

COBRA ?

I am.

[dr659]

Bears get no respect ( these days) no matter what they do

[kongen]

me, too. This is just a pullback to make new highs.

[rc1269]

i dunno. i feel like bears need to make a case here at the close. i think in this uptrend a bullish close doesn't lead to a gap down, but rather a sign to the bulls that the bears still can't take control. when the mkt was chopping, then i agree with you. bears need to slam it now and say they're done with the rally and time for a change. without that i think dips keep getting bought. just my opinion

[Cobra]

WHO IS BUYING THE F***** DIP ??

ISNT THE 1ST DIP A BUY ?

COBRA ?

I cannot say it here. I think I said it last night already.

[rc1269]

WHO IS BUYING THE F***** DIP ??

ISNT THE 1ST DIP A BUY ?

COBRA ?

what if yesterday morning was the first dip...?

[Cobra]

well, guess that's it for today. not good looking daily bar but to prove the top was in, bears still have lots of things to do, so if I'm the bear, I won't celebrate here, too early. thank you guys, I'll see you tomorrow.

[Junoon123]

You sure did and thanks for that. Bang on right again
Thanks for your help

[TraderGirl]

I think we either test the high or make a new high on the 23rd....IMHO....

I think if we make a lower high, just gives more energy to the downside....

[EvilTrader]

WHO IS BUYING THE F***** DIP ??

ISNT THE 1ST DIP A BUY ?

COBRA ?

what if yesterday morning was the first dip...?

I know, im a sub

but, asking doesnt hurt, does it ?

[Al_Dente]

what do u call this thing?
Is it an outside reversal or an engulfing thingie or what???