05/03/2012 Live Update

[pezhead9000]

FWIW: Spy June Options OI
1-May 3-May
Call 1414052 1525753
Put 3446080 3553618
P/C 2.437 2.329

[ClarkW]

Thanks a lot Cougar! Not likely to have a "quick trigger finger", trying to learn from these harmonic patterns more than anything right now.

Possible BULLISH Gartley OR Crab on 60 min. chart of SLV.

Comments, criticism welcome...playing with this

Very nice! Bounce probable! However, keep in mind that in manipulated markets the negation of a Harmonic Figure is equally powerful. Thus, the idea is: “Follow the next direction (once established) with confidence!”

[SWalsh]

no break down allowed

There is little flow to the mkt today. It started, and the Central Planners apparently handed out "street money".

The next generation will run commercials about this one day. They will also take a cue from Europe's debt riots and refuse things like taxes and such. The interference in the markets is not just morally wrong, but rather than skim such that no one can be sure, they openly interfere. And once the morality of a nation is destroyed (anyone like paying taxes to this lot?) it is not restored in your lifetime. If we could take our excellence in theft and build just one VHS player (okay...a DVD now) we might not follow the path of all prior hegemonic powers and fall on our ass while we hand all our technology away. Anyone know guys who worked at Lucent? That's an American disaster story.

[SWalsh]

RIMM down another 5%

I guess they should have bought AAPL?

[Al_Dente]

Possible BULLISH Gartley OR Crab on 60 min. chart of SLV.
Comments, criticism welcome...playing with this

Bounce very likely, AUDUSD can bounce here & silver close to support

AUDUSD.png

silver.png

keizai I see silver support 29.09 SLV (4/25 like yours)
Is there an easy way to translate your XAGUSD into SLV numbers?
(I may have asked u that b4; if so, just ignore)
thanks

[TraderGirl]

I posted this chart last night showing a correction in the morning, then a bounce today. The correction is deeper than I thought, so we will have to see if we can get over current resistance and then again around 1403.50.

But so far we had a bounce on the 5 min TSI, and we will see if we can go higher from here or it breaks down...

[KeiZai]

Possible BULLISH Gartley OR Crab on 60 min. chart of SLV.
Comments, criticism welcome...playing with this

Bounce very likely, AUDUSD can bounce here & silver close to support

AUDUSD.png

silver.png

keizai I see silver support 29.09 SLV (4/25 like yours)
Is there an easy way to translate your XAGUSD into SLV numbers?
(I may have asked u that b4; if so, just ignore)
thanks

You can check actual price here: http://www.forexpros.com/currencies/xag-usd or u can add few pennies to slv I think its around 0,85

[Mr. BachNut]

Looks like SPX may have to pop soon to hold a trend line from the October low.
Looking at chart, Bulls lost the upper magenta line (3 bottom touch) but have done pretty well holding lower magenta (2 bottom touch).
Interesting to see that yesterday's low and today's low (so far), bounced off this line (I know I know chart scaling and perspective affects this...) and that a lot of trading has ranged between the two lines.

I believe a good chunk of the long only crowd is remaining patient as long as they sense that this big trend is continuing in force. Once broken, they'll have decisions to make.

If SPX simply stays flat for a few days, the trend breaks down. So, for those who invest with a ruler, some upside progress needs to appear.

I think the little blue/orange line may also be important, and the red line...well let's not go there right now.

[champix]

CL update,
Weak rebound on Fork !
I will wait an excess (maybe orange circle @ about 102.55) to go long...

[pezhead9000]

TSM Block money flow
MF: +210.86
Up: 1,907.52
Down: 1,696.66
B/S: 1.12

[Al_Dente]

KEIZAI
Cool thanks
My intermediate-term renko support is closer to 27 SLV
If she bounces near 29 = possible inverse H&S (but that’s NOT short term)

[Cobra]

hmm, here comes the 2nd leg down. I'm neutral, not much clue. tinted area is 100% Measured Move target.

[KeiZai]

KEIZAI
Cool thanks
My intermediate-term renko support is closer to 27 SLV
If she bounces near 29 = possible inverse H&S (but that’s NOT short term)

The attachment 53slv.png is no longer available

Interm yes you mean probably lower blue line

[uempel]

I see a signal at 13:30 pm:

[TraderGirl]

Maybe we are trying to get an abc down for A wave attempting a lower low than yesterday to complete so that we can get a B wave up..??

[cli]

hmm, here comes the 2nd leg down. I'm neutral, not much clue. tinted area is 100% Measured Move target.

Cobra, H&S in the work on the SPY intermediate term?

target 137.5 ish?

[Petsamo]

Double bottom on SPY

[uempel]

Bon appétit M. BachNut, but please be back at 13:30 pm....

Looks like SPX may have to pop soon to hold a trend line from the October low.
Looking at chart, Bulls lost the upper magenta line (3 bottom touch) but have done pretty well holding lower magenta (2 bottom touch).
Interesting to see that yesterday's low and today's low (so far), bounced off this line (I know I know chart scaling and perspective affects this...) and that a lot of trading has ranged between the two lines.

I believe a good chunk of the long only crowd is remaining patient as long as they sense that this big trend is continuing in force. Once broken, they'll have decisions to make.

If SPX simply stays flat for a few days, the trend breaks down. So, for those who invest with a ruler, some upside progress needs to appear.

I think the little blue/orange line may also be important, and the red line...well let's not go there right now.

Running out of room.jpg

[TraderGirl]

Maybe we are trying to get an abc down for A wave attempting a lower low than yesterday to complete so that we can get a B wave up..??

But it would seem that if we get below yesterday's low, we could fall fast to 1389/90 area....???

[SWalsh]

Are TBTB losing to nature on this one?