08/22/2012 Live Update

[Al_Dente]

this is what a classic “elevator” sqz looks like
5 min chart only
Each stick hits higher than the last one
Tails/shadows don’t matter
We are on stick #5……….a real elevator could go 9+ sticks
A CLOSE below the low of the previous stick = no good……..CLOSING red cancels sqz

[MrMiyagi]

A CLOSE below the low of the last stick = no good……..CLOSING red cancels sqz

Nothing is going to cancel this POWER HOUR trip to SPX 1600 land.

[BullBear52x]

stressfree crew there is up date for you. How to weather the noise like pro.

[Al_Dente]

A CLOSE below the low of the previous stick = no good……..CLOSING red cancels sqz

Nothing is going to cancel this POWER HOUR trip to SPX 1600 land.

SHOW US THE FRIGGIN BUTTON prof.

[Al_Dente]

Stick #6 did not hit a fresh high
wussie
stick #7 better get up there or all bets offfffffff (but every sqz is unique blabla)

[MrMiyagi]

$VIX dropping slightly but TNA/TZA standing almost put.
Sensei is confused....

[Mr. T]

It's all a work........

Swerve left - swerve right......

[Petsamo]

Russia (RSX) is feeling all sorts of love. Did they suspend communism ?

[TWT]

EURUSD: Same scenario I posted for the USD Index here I need an overlap above 1.2622 and a reversal

[BullBear52x]

A kiss maybe? naaahhh

[OverUnder]

So the fed suddenly decided they need to ease "soon"? LOL not.

[MrMiyagi]

[Al_Dente]

#7 fresh high
Overbought and knocking up aginst 200ma resist on 5min
But honey badgers and elevators don’t care…. they won’t stop until the short covering stops
#8 must close b4 u call this red……. It is not closed yet…. but it just hit lower than previous stick….DANGER……(all kool-aid)

[SB73]

So the fed suddenly decided they need to ease "soon"? LOL not.

They said they would be ready to act and defend the Euro, SPY, GLD, and TLT. Nothing was mentioned about the dollar

Disclosure long bonds tlt

[Al_Dente]

Scalpers out now just in case someone pushes the “elevator down” button
(i missed this whole long leg ..... )
INTRADAY CRAZIES ONLY

[Xian]

http://www.youtube.com/watch?v=mV1LzXf1TKQ

[BullBear52x]

Thanks Cobra and everyone, GLTA

TA note: close in red the bear bars will confirm today. so no return for bulls here. Daily RED Heikin Ashi today is still standing.

[Cobra]

push up is strong, so at least it should be 2 legged. the target is possible.

[victorm]

re-purchase invert gold at 1655 spot ...

[Petsamo]

IWM isn't so impressed