05/24/2012 Live Update

[Cobra]

cobra, arent you a tad troubled with the back to back 7pt wide ES bars, suggests reversal to me

don't remember back to back 7pt wide ES bars to do with reversal, can you explain more?

[champix]

GM all,
A little update on CL (delayed because of lot of sun in Paris today... so barbecue and rosé... )
Still in the downtrend channel, need to wait a little bit to see where the rebound goes...

[lcgllc]

cobra, arent you a tad troubled with the back to back 7pt wide ES bars, suggests reversal to me

don't remember back to back 7pt wide ES bars to do with reversal, can you explain more?

its a feeling, not a pattern...akin to "chop at the top".. confusion

[Richarab]

anyone seeing rising wedges in ES and GC?
good or bad?

[TraderGirl]

DJI attemted to break out of resistance, now hesitating, a drop below the dotted trend line, and most likely lower prices...IMHO..

[Al_Dente]

GM all,...A little update on CL (delayed because of lot of sun in Paris today... so barbecue and rosé... )
Still in the downtrend channel, need to wait a little bit to see where the rebound goes...

Hi Champ
What’s yr take on oil inventories?

Quit bragging about yr weather, Frenchie
83 degrees here…the crow are dive-bombing one lone coyote… and he is scared….
Internals here:

[iamtom07]

Got it, thanks a lot

cobra, if you don't mind, would you please explain a little what is OR breakout. sorry

so far goes as planed. I'm just a little bullish biased now and I don't think this is a valid OR breakout yet. wait.

check "Getting Started" for what is OR.

[Mr. BachNut]

That potential triangle formed yesterday seems to be shaping things a bit at the moment.
Breakout or another coil?

[TraderJoe]

Again, the market is up and the VIX is up???

[champix]

GM all,...A little update on CL (delayed because of lot of sun in Paris today... so barbecue and rosé... )
Still in the downtrend channel, need to wait a little bit to see where the rebound goes...

Hi Champ
What’s yr take on oil inventories?

Quit bragging about yr weather, Frenchie
83 degrees here…the crow are dive-bombing one lone coyote… and he is scared….
Internals here:

524internals.png

Hi All,
Nearly the same temp here... but after two months of rain and tears, that's good ...

Regarding inventories, AMHO it has just a one day incidence, nothing regarding the trend.
I am more focused on the other commos (gold and copper especially) and the chinese GDP to see a change in the trend.
So no guess on invent, only the down trend with a rebound target to 1st :92 then 2nd :93... above I will be bullish...

[rola]

NOT ANYMORE (VIX DOWN 0,02%)

[BullBear52x]

not going anywhere for scalper today me thinks. still on the buy side, new sell will trigger sell only under 132.32

[Al_Dente]

CHAMP:
The World
Longer term, weekly
[Champ: I had yr $CAC in there buddy, but I replaced it w ALL Europe…ooops, sorry]

I AM THE GREAT AND POWERFUL OZ
PAY NO ATTENTION TO THAT MAN BEHIND THE CURTAIN

[Petsamo]

not going anywhere for scalper today me thinks. still on the buy side, new sell will trigger sell only under 132.32

There you go. Sell Sell Sell

[Cobra]

it's a warning, no good. failed twice on the upside, so there're chances this is a double top.

[ClarkW]

GM all,...A little update on CL (delayed because of lot of sun in Paris today... so barbecue and rosé... )
Still in the downtrend channel, need to wait a little bit to see where the rebound goes...

Hi Champ
What’s yr take on oil inventories?

Quit bragging about yr weather, Frenchie
83 degrees here…the crow are dive-bombing one lone coyote… and he is scared….
Internals here:

The attachment 524internals.png is no longer available

Hi All,
Nearly the same temp here... but after two months of rain and tears, that's good ...

Regarding inventories, AMHO it has just a one day incidence, nothing regarding the trend.
I am more focused on the other commos (gold and copper especially) and the chinese GDP to see a change in the trend.
So no guess on invent, only the down trend with a rebound target to 1st :92 then 2nd :93... above I will be bullish...

What are your thoughts on the following chart by Bespoke on oil inventories http://www.bespokeinvest.com/thinkbig/2 ... ising.html

[BullBear52x]

support on 5dma sits on 131.5

[iamtom07]

cobra, do you think a ascending triangle is possible?

it's a warning, no good. failed twice on the upside, so there're chances this is a double top.

[Richarab]

cobra, do you think a ascending triangle is possible?

it's a warning, no good. failed twice on the upside, so there're chances this is a double top.

that is what i see on ES and GC, GC broke a little on that - but seems to follow ES

[Al_Dente]

CHAMP:
how do u track China GDP ?
do u have a killer link u could share ?