05/09/2013 Live Update

[uempel]

DAX looks bullish to me, the dip these last 20 min might be a confirmation of the baseline at 6248. I'm only bearish on DAX if support 8230 breaks to the downside

[Out of Bounds]

So where is the picture of all those pesky bonefish that just kept hooking themselves on your line???

My friends all fish. I cook. I get my fish from their boats.

[KeiZai]

DAX, bears are trying to defend first MM for this leg...pause here would be good tho...same with US



http://www.youtube.com/watch?v=WD8sAo-dw_4

[shaca]

DAX looks bullish to me, the dip these last 20 min might be a confirmation of the baseline at 6248. I'm only bearish on DAX if support 8230 breaks to the downside

there was a bullish megaphone on dax at the end of 2012, and it has been confirmed in the last months with new tops
now there is a bearish megaphone... this pattern is much more accurate than any H&S or gartleys

[Unique]

Keizai, coffee has been confirmed. Big $$ baby

Today's breakout+yesterday's target charts

[Cobra]

members only update at 10:32 am
http://www.cobrasmarketview.com/2013/05 ... ay-update/

[Cobra]

nowadays all morning dips were bought aggressively, let's see any difference today.

[KeiZai]

Keizai, coffee has been confirmed. Big $$ baby

Today's breakout+yesterday's target charts

Yeeeah very nice, I am only in 1/2 position due to bad planning (I was waiting for 3waves back to load more) but hey might there will be pullback as a retest

Ka-ching

[Unique]

Keizai, coffee has been confirmed. Big $$ baby

Today's breakout+yesterday's target charts

Yeeeah very nice, I am only in 1/2 position due to bad planning (I was waiting for 3waves back to load more) but hey might there will be pullback as a retest

Ka-ching

Cof.png

Don't worry, next time for better plans

At this rate...it'll be at my target by close..Lol

[uempel]

Yeah, I'm aware. But my system points to 8310 as a top. Reached 8275 today - but I want a bit more upside I'll buy you a beer at the Totò if it does not go up to 8300

PS: stockcharts only shows yesterday's action

DAX looks bullish to me, the dip these last 20 min might be a confirmation of the baseline at 6248. I'm only bearish on DAX if support 8230 breaks to the downside

there was a bullish megaphone on dax at the end of 2012, and it has been confirmed in the last months with new tops
now there is a bearish megaphone... this pattern is much more accurate than any H&S or gartleys

[uempel]

Shaca, I don't know how many people here are interested in DAX, but it's about TA and not specifically about DAX. Here a look at today's 1 min. The first attempt to bust 8275 failed, but note how insignificant the correction was...

Yeah, I'm aware. But my system points to 8310 as a top. Reached 8275 today - but I want a bit more upside I'll buy you a beer at the Totò if it does not go up to 8300

PS: stockcharts only shows yesterday's action

The attachment 667.png is no longer available

DAX looks bullish to me, the dip these last 20 min might be a confirmation of the baseline at 6248. I'm only bearish on DAX if support 8230 breaks to the downside

there was a bullish megaphone on dax at the end of 2012, and it has been confirmed in the last months with new tops
now there is a bearish megaphone... this pattern is much more accurate than any H&S or gartleys

[champix]

Here is the chart I am using for DAX.
Ok it seems than my short position @ 8250 is a little bit to early regarding Uempel's view...

[Cobra]

100 MM target. not sure. wait.

[Unique]

AAPL, patience pays off

[Cobra]

possible higher low, maybe once again the dip was bought. wait.

[uempel]

DAX, bears are trying to defend first MM for this leg...pause here would be good tho...same with US



http://www.youtube.com/watch?v=WD8sAo-dw_4

The attachment DAX-may9.png is no longer available

KeiZai, on your DAX chart I see 8500. One of my indicators (not shown here) which worked very well to catch 8074 is now pointing to 8550ish If the index manages to break 8300 (perhaps it first needs a dip to 8000) the market will target the 8500 area...

Here a different chart. It's applying weekly Coppock to the DAX and shows the importance of the 8300 area. A breakthrough of both Coppock and price would be super-bullish

[Al_Dente]

Volatility shows traders continue to buy protection

[Al_Dente]

Usually lower prices at the pump means more money in consumers’ pockets which means they can spend more on discretionary stuff
[Bespoke]

[ClarkW]

Usually lower prices at the pump means more money in consumers’ pockets which means they can spend more on discretionary stuff
[Bespoke]

59gasoline_png.png

Good info. Thanks Al!

[Al_Dente]

WHALE WATCH:
David Einhorn, Bill Ackman, Jeffery Gundlach, Kyle Bass, Paul Singer
The Ira Sohn Conference started last night:
http://blogs.wsj.com/moneybeat/2013/05/ ... -ira-sohn/

whale watch binocs_png.png (216.94 KiB) Viewed 4443 times