05/29/2013 Live Update

[TraderGirl]

Wow, a lot of people woke up very unhappy this morning...

and some of us were pleasantly surprised that puts could actually go up in premium overnight...

For The Astro genius: re lunar calendar prices of lows and highs seemed to be a bit early last few weeks, now could the marts be running a bit behind?
anyone long on the full moon would be hurting...
TIA

It's possible to see a low around 31st/3rd, but could get a bounce into the next turn of around 7/9th.....

[Cobra]

members only update at 3:24 pm
http://www.cobrasmarketview.com/2013/05 ... ay-update/

[Cobra]

testing day high again, since it's the 3rd test, so a breakout is more likely.

[BullBear52x]

Last chart, bye guys

The attachment 44.png is no longer available

I got Bear 1-0 on the scoreboard so far have a goooood day all.

Next one be patience

[jarbo456]

Wow, a lot of people woke up very unhappy this morning...

Hey TG, don't just look at the charts - following some fundamental news is necessary every now and then.

NCT spun off it's residential investment arm, which is now trading under NRZ.

Investors of NCT were given equal shares of NRZ.

Similar thing happened with ABT several months ago.

Best,
John

[BullBear52x]

Last chart for the road, I think bears still have an upper hand

[Daniel-David]

TLT still clinging to the 115 level.

[TraderGirl]

Wow, a lot of people woke up very unhappy this morning...

Hey TG, don't just look at the charts - following some fundamental news is necessary every now and then.

NCT spun off it's residential investment arm, which is now trading under NRZ.

Investors of NCT were given equal shares of NRZ.

Similar thing happened with ABT several months ago.

Best,
John

Thanks for the info....I actually looked for news on shite Schwab, but saw nothing...but price action seemed like there was more to the story, so thanks...

This was actually one of the stocks I bot in 2009 for under a dollar and sold in 2011 for a very nice profit, so it was a good trade..but havent been following since...

[Cobra]

no breakout, instead could be a double top here. I'm neutral as 12 min to close now.

[Cobra]

well, guess that's it for today, need dig a little before calling tomorrow. thank you guys, I'll see you tomorrow.

before the close, please take a little time to vote for me, thanks. https://stockcharts.com/public/1684859/tenpp

[TraderGirl]

Until TLT breaks below this support, it still has a chance at some point...

Looking at the 15 minute could be bull flag....break out on TSI or hit resistance...??

[tomsky]

Thank you all for your input. It isn't my intention to look like a doomsdayer, just wanted to show what i know and think will happen but i'm open to other ideas as well. I don't hold the truth or key to the future. It is an ideea and if just 1 person open his eyes and starts paying atention to the larger picture then i consider my post worth the trouble. I know there are longer term traders here (401k or similar type of accounts) and if he/she will not be taken by surprise and be prepared with a stop loss limit my post won't be in vain. It's no harm to be remembered that a coin still has 2 sides although Bernanke might disagree with this.
Again, it does not necessary has to happen the way i said it, right now it's just a mere possibility. Even my beloved astro cycle could not tell the target, it just gives the direction and it's not rock solid. Also, Prechter has been bearish since 2000, calling for a drop to 1929 levels. A breakout of a brodening top could be on either side (posted a link to Bulkowski's examples and trading tips). And last, i'm not short yet, i'm waiting till we bust the 23rd may low, if it wil happen.
I learned a LOT since i've become a member here. Thanks to Cobra i improved my skills regarding to timing. Thanks to TraderGirl found the perfect tool for longer term trading (she kept posting links to John Hampson's amalgamator site where i learned for the first time about astro aspects and trading and later found a link to the DJIA Jupiter Saturn Uranus composite cyle that become may flashlight in the darkeness). I don't know how to thank for the good things happened to me other than trying give back the wisdom i have learnt here.

I would like to keep the long term trading remarks in the other thread as here the ideas will be lost, don't know who would like to spend time searching through miriads of posts in the day trading section. With your permision i would like to copy (quote) your posts there.

[MrMiyagi]

One for the road.

[tsf]

Scottrade also showed a high of 99.1848 for IWM.

[TWT]

$EURUSD: If the wave (e) is finally a potential LD may have kicked off the wave (Y)

[TWT]

$SPX: Bears still have a chance if the a potential H&S pans out

[TWT]

$ES_F (Globex): 2 options H&S or Triangle