05/24/2012 Live Update

[BullBear52x]

Unless this thing reverses, Germany is gonna gap down big time

It was close

KeiZai, Dr. Copper can not take less than 3.35? lots of air under it. gtg

[Al_Dente]

snakehead: thanks for zh link ... VIX

[TraderGirl]

Miyagi, any p-bars today? Btw, did you see that I changed my charts for you???

[Cobra]

appl breaks down.

[MrMiyagi]

Miyagi, any p-bars today? Btw, did you see that I changed my charts for you???

Not one p-bar today and yes I did notice, thank you very much!

[Chrys]

Trader Girl - could you please take a look at silver (commodity - symbol on TOS Charts \SI). It appears that a bull flag has formed after breaking out of an IHS neckline. Not sure which price target is more accurate. I'm looking at 5 and 10 min charts.
Thanks

[KeiZai]

Unless this thing reverses, Germany is gonna gap down big time

It was close

KeiZai, Dr. Copper can not take less than 3.35? lots of air under it. gtg

I think yellow line aka testing septembers low is quite imaginable in the not distant future

[Cobra]

resistance. key time.

[Mr. T]

This market is a pain in the rear.

[Cobra]

breakout, let's see how far this rebound can go. I'm neutral.

[snakehead]

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

TraderGirl:
Someone just pointed this chart out to me what do u think?:



Holding on to my NUGT as long as GDX can hold 44.

I posted this chart this morning as a potential support for DUST, today it reacted at this first support line. Stochastics say it is also oversold and previous corrections in DUST say it attempts to make another high before it goes lower. Astro's say potential negative day tomorrow for Gold. So I am not sure where it will go from here, but it looks like NUGT has the potential to pull back....??? My two cents....

Thnx !!

GDX stubbornly refusing to really break down (and DUST can't seem to hold 53.25).

Last gasp of breath for GDX or "Turd that won't flush" ???

[SWalsh]

Yesterday saw what might be a record in HFT activity that appears to have gotten many trailing stops. They are dead today. How nice....the institutionalized rape machine figured out where the orders were yet again. Put white collar crime lawyers, who know all the players on a first name basis, at DOJ and that's what a corrupt administration with a rotting fish head gives us. The NYC Parking Ticket Maids are more effective than the SEC.

Now, the count....they are going to have to want to go long to get this up. To do that, they have to figure buyers from somewhere. I don't think any are around these here parts. This could also be a 4th wave triangle at this point to 1320ish. That's actually as likely as this count I put on the chart and stopping here could be wave D with a small E to follow. What we should NOT do is break 1328.49. And with the dollar breaking out of an inverse H&S, I don't believe they will go long.

There's a solid divergence here. They rarely worked on the way up and positive divergences all did. But if the trend has changed, they should all work on the way down:

[CognitiveDissonance]

Yesterday saw what might be a record in HFT activity that appears to have gotten many trailing stops. They are dead today. How nice....the institutionalized rape machine figured out where the orders were yet again. Put white collar crime lawyers, who know all the players on a first name basis, at DOJ and that's what a corrupt administration with a rotting fish head gives us. The NYC Parking Ticket Maids are more effective than the SEC.

Now, the count....they are going to have to want to go long to get this up. To do that, they have to figure buyers from somewhere. I don't think any are around these here parts. This could also be a 4th wave triangle at this point to 1320ish. That's actually as likely as this count I put on the chart and stopping here could be wave D with a small E to follow. What we should NOT do is break 1328.49. And with the dollar breaking out of an inverse H&S, I don't believe they will go long.

There's a solid divergence here. They rarely worked on the way up and positive divergences all did. But if the trend has changed, they should all work on the way down:

Great info, thanks!

I especially love the NYC parking analogy ROFL

[snakehead]

This market is a pain in the rear.

Pity the foo.


http://www.youtube.com/watch?v=STtOWGWEIkc

[Cobra]

hopefully this time this measured move target could work. I'm still neutral.

[snakehead]

Appropriate song title:
http://www.youtube.com/watch?NR=1&v=AdZpkQKJiBg

[dr659]

hopefully this time this measured move target could work. I'm still neutral.

small double bottom?

[agunther]

There's a solid divergence here.

Looks more like a confirmation (lower high in price and indicator).

[mocker]

Miyagi, any p-bars today? Btw, did you see that I changed my charts for you???

Not one p-bar today and yes I did notice, thank you very much!

IB had SPY p-bar down to 131.36 this morning.
Low so far was 131.42
I guess it worked

[Petsamo]

Here come da bulls