05/29/2012 Live Update

Post by **Cobra** » Tue May 29, 2012 10:16 am

TSX looks bullish too, could be an Ascending Triangle in the forming.

lcgllc · Post by **lcgllc** » Tue May 29, 2012 10:20 am

ES is kissing 20dma (daily) for the first time in 17 sessions, i believe it will struggle here

Post by **Cobra** » Tue May 29, 2012 10:25 am

AAPL goes blue route, need decisive breakout to invalidate my plan. http://stockcharts.com/public/1684859/c ... /260183775;

Post by **Cobra** » Tue May 29, 2012 10:27 am

Thank you guys, for all your vote!

http://stockcharts.com/public/1684859

rola · Post by **rola** » Tue May 29, 2012 10:31 am

Cobra what do you mean about DAX? Thanks

brandyjoco · Post by **brandyjoco** » Tue May 29, 2012 10:32 am

Anyone have any ideas on NUGT? thanks

Petsamo · Post by **Petsamo** » Tue May 29, 2012 10:32 am

I hate it when we drag Europe to levels they didn't want to go on their own

Post by **Cobra** » Tue May 29, 2012 10:33 am

SPY target reached but still a tick shy of ES target.

johnnywa · Post by **johnnywa** » Tue May 29, 2012 10:35 am

Sold longs at 1334 1 point above my target

Post by **Cobra** » Tue May 29, 2012 10:35 am

we might have an exhaustion bar here but given the fact the push up is so strong, at least there's another leg up later.

MrMiyagi · Post by **MrMiyagi** » Tue May 29, 2012 10:38 am

SPX 1500!

Post by **Cobra** » Tue May 29, 2012 10:39 am

johnnywa wrote:Sold longs at 1334 1 point above my target

1334? ES today's high so far was 1333.75.

johnnywa · Post by **johnnywa** » Tue May 29, 2012 10:40 am

was rounding off

alvian33 · Post by **alvian33** » Tue May 29, 2012 10:41 am

Cobra wrote:
johnnywa wrote:Sold longs at 1334 1 point above my target
1334? ES today's high so far was 1333.75.

hahahaha

Post by **Cobra** » Tue May 29, 2012 10:43 am

indeed it was an exhaustion bar, now let's see how this pullback goes, a consolidation here would be perfect.

johnnywa · Post by **johnnywa** » Tue May 29, 2012 10:44 am

ok .65 above my target

johnnywa · Post by **johnnywa** » Tue May 29, 2012 10:45 am

As you know .50 move can take 1/10th of sec

Richarab · Post by **Richarab** » Tue May 29, 2012 10:46 am

Watching Nya
It lost its 200ma last week
Fully bearish
But 1728 now
If it gains back 1740+
It regains bullish sentiment and the 200ma
Key if we push up again today

Post by **Cobra** » Tue May 29, 2012 10:47 am

brandyjoco wrote:Anyone have any ideas on NUGT? thanks

Strong rebound it is but I still think it'd fail eventually, the previous low will be revisited (not necessarily lower low although I believe lower low is more likely).

Richarab · Post by **Richarab** » Tue May 29, 2012 10:47 am

Sorry 7628 now printing
Nya NYSE composite
7640 target for confetti party for the bulls

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