05/25/2012 Live Update

[BullBear52x]

paging master noodle. UNG

[Cobra]

goog goes as planed: http://stockcharts.com/public/1684859/c ... /265018963;

[bullbear12]

UUP Going for double top daily chart.
compare to UUP , SPY Is showing strength.

[TraderGirl]

HPQ...probably headed to single digits, but wave 5 can be 62%, 100% or 162% of wave 1. Last correction it was slightly more than 100% of wave 1...

[MrMiyagi]

UUP Going for double top daily chart.
compare to UUP , SPY Is showing strength.

I don't see a double daily.

[Al_Dente]

let see this ooppz, will the 5 dma save the day?

u r cheating with your trendline there, left chart, bubba
DO NOT call me noodle
Don't make me tell u that again

http://screencast.com/t/QE7ObQWAEt

[BullBear52x]

remember this chart? bulls still laughing.

[BullBear52x]

let see this ooppz, will the 5 dma save the day?

u r cheating with your trendline there, left chart, bubba
DO NOT call me noodle
Don't make me tell u that again

http://screencast.com/t/QE7ObQWAEt

You see new Bullbear model 12 is in the house.

[bullbear12]

UUP Going for double top daily chart.
compare to UUP , SPY Is showing strength.

I don't see a double daily.

UUP 22.88 , Date: 1/13/12, recent high.if dollar pull back spy might get some push up next week

[TraderGirl]

Could be headed to bottom of potential triangle at 1315ish, but if 5 minute TSI breaks, could be headed back down to 1300....??

[Cobra]

resistance. a little bearish biased.
aapl should be more down.

[Al_Dente]

let see this ooppz, will the 5 dma save the day?

u r cheating with your trendline there, left chart, bubba
DO NOT call me noodle
Don't make me tell u that again
http://screencast.com/t/QE7ObQWAEt

You see new Bullbear model 12 is in the house.

hope he has some better shite than yours

so bb WTF are we doing now????
I can’t long my favorite vixie gals yet they are NOT cooperating with Mr. Bear yet…

http://screencast.com/t/19gmAGGhTbxX

[BullBear52x]

Warning see /ES, the fast moving downward is in the making, that will take the CASH spx with it.

Alert....ding ding ding

[Denali92]

A frustrating market for Bulls and Bears alike – I have been leaning long for 8 days now (thankfully in the MID and RUT), but the price action definitely does not inspire like previous opex bottoms….

The post Opex trade should have a strong bounce and a lot more energy – like the post april opex bounce, so I am getting much more cautious until we see where we are on Tuesday…. Many signs pointed to a strong bounce for today and the inability of the Dax to maintain its over 1.5% bounce is a red flag for the long weekend for me, especially given the very strong record of the Tuesday after Memorial Day producing lows – not highs.

-D

************************

Memorial Day

Overall
• A significant point every time – had been a low point until 2011 when it was a MAJOR top
Pre 2007 • 7 for 9
• Always a minor bottom, if it was a turn with the exception of 2002 and 2003 where it did not work – 1999 and 2000 were major bottoms
Post 2007 • 4 for 5
• With the exception of 2007, the day after has been a significant turn, in 2007 the Thursday before was a BIG down day and then we continued rallying
Recent • 2011: Major TOP the day after
Hourly Signals • 2011 on the 3rd signal produced a good sell, but that is it
• 2009 with a Moon produced a great buy signal

[BullBear52x]

let see this ooppz, will the 5 dma save the day?

u r cheating with your trendline there, left chart, bubba
DO NOT call me noodle
Don't make me tell u that again
http://screencast.com/t/QE7ObQWAEt

You see new Bullbear model 12 is in the house.

hope he has some better shite than yours

so bb WTF are we doing now????
I can’t long my favorite vixie gals yet they are NOT cooperating with Mr. Bear yet…

http://screencast.com/t/19gmAGGhTbxX

TVIX is not yet a go this round.

[BullBear52x]

Greece is leaving Euro this weekend, who want to long a long weekend? I joke I joke, it's Friday

[TraderGirl]

A frustrating market for Bulls and Bears alike – I have been leaning long for 8 days now (thankfully in the MID and RUT), but the price action definitely does not inspire like previous opex bottoms….

The post Opex trade should have a strong bounce and a lot more energy – like the post april opex bounce, so I am getting much more cautious until we see where we are on Tuesday…. Many signs pointed to a strong bounce for today and the inability of the Dax to maintain its over 1.5% bounce is a red flag for the long weekend for me, especially given the very strong record of the Tuesday after Memorial Day producing lows – not highs.

-D

************************

Memorial Day

Overall
• A significant point every time – had been a low point until 2011 when it was a MAJOR top
Pre 2007 • 7 for 9
• Always a minor bottom, if it was a turn with the exception of 2002 and 2003 where it did not work – 1999 and 2000 were major bottoms
Post 2007 • 4 for 5
• With the exception of 2007, the day after has been a significant turn, in 2007 the Thursday before was a BIG down day and then we continued rallying
Recent • 2011: Major TOP the day after
Hourly Signals • 2011 on the 3rd signal produced a good sell, but that is it
• 2009 with a Moon produced a great buy signal

Nice analysis.... there could be something negative happening over the weekend...could be down on 29-30th next week, but positivity could come back on 31st-1st... don't know how negative, could be just a minor pull back the way the price action is going...???

[snakehead]

[Al_Dente]

BARON:
Me too (benlloyd tweaked renko)
PS: bubba the new guy is only bb12 and you are bb52
U win
(what? U afraid of a little competition??)

[TraderGirl]

Interesting 1 minute chart, if was in bear channel, is it backtesting underside???