05/24/2012 Live Update

[snakehead]

Market stuck in limbo.

VIX not moving in either direction.

Where are the bulls?
Where are the bears?

[brandyjoco]

Does the 7 day rule still apply?

[Cobra]

well, hopefully a small double bottom here.

[Al_Dente]

Potential descending triangle, and we are to have a sell off today, from what level I am unsure.....

TraderChiquita
"""we are to have a sell off today"""""
please clarify is that turn date info or chart info or planets or what thanks

[Cobra]

Does the 7 day rule still apply?

yes, but better up huge today, otherwise it's too weak.

[cougar]

Even if one ignores Murrey Math, pre-established zones of congestion should mean something:

[TraderGirl]

Potential descending triangle, and we are to have a sell off today, from what level I am unsure.....

TraderChiquita
"""we are to have a sell off today"""""
please clarify is that turn date info or chart info or planets or what thanks

That is chart info as well as astro info. Looks like we could have one more attempt to go higher, then we fall, don't know what time or level. According to "SigmaEcho" there is a negative aspect tomorrow that could affect Gold and possibly the markets...??

[SigmaEcho]

still hanging below the H&S Top neckline so DAX still is not out of danger.

Hi Cobra,
do you consider this also H&S on 15m DAX?
tnx

[Al_Dente]

Bloomberg Consumer Comfort Index, just released
Last week was 43.6
This morn 42.0
http://www.bloomberg.com/consumer-comfort-index/

[ps got it, thanks TG]

[KeiZai]

Dax needs to breakdown trendline to start sell-off

[TraderGirl]

NUGT attempted to get above 200dma and break out of channel, failed so far...

[Al_Dente]

I min internals
Nyadv 1226
Nydec 1569
Indicates chop/range day at the moment, slight bear bias

[brandyjoco]

Trader Girl - thanks for the NUGT chart - Brandy

[cougar]

Even if one ignores Murrey Math, pre-established zones of congestion should mean something:

Most desired SPY puts: Jun 130 in the 1.8 region

[TraderJoe]

A real Bull/Bear tug-of-war going on...

[TraderGirl]

Trader Girl - thanks for the NUGT chart - Brandy

Here is DUST, sitting on area of potential support...

[Petsamo]

Did we get good news?

[snakehead]

Bulls woke up at 10:30.

[snakehead]

NUGT attempted to get above 200dma and break out of channel, failed so far...

Gap-filling before rocketing higher?

[Al_Dente]

durable goods
up
http://news.ino.com/headlines/?newsid=689858646786711