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05/31/2012 Live Update

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EvilTrader
Posts: 675
Joined: Tue Feb 15, 2011 2:40 pm

Re: 05/31/2012 Live Update

Post by EvilTrader »

BullBear52x wrote:This could be a bear trap, key word "Could" :shock: 8-)

Yeah.

market acting very trappy lately.
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TraderGirl
Posts: 5031
Joined: Thu Dec 22, 2011 2:47 pm

Re: 05/31/2012 Live Update

Post by TraderGirl »

NUGT on hourly much more bearish...lots of neg d, TSI break, overbought territory...
But in this market, anything goes!!
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BullBear52x
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Re: 05/31/2012 Live Update

Post by BullBear52x »

EvilTrader wrote:
BullBear52x wrote:This could be a bear trap, key word "Could" :shock: 8-)

Yeah.

market acting very trappy lately.
what I see is bearish reaction to STO bearish cross and over sold like TRIN here, just dead cat bounce nothing more at this stage. IMHO
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btran874
Posts: 400
Joined: Tue Feb 07, 2012 11:41 am

Re: 05/31/2012 Live Update

Post by btran874 »

TraderJoe wrote:I see 1370 coming.
I am with Mr.Miyagi, 1500 coming.
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Hardy
Posts: 28
Joined: Tue May 01, 2012 11:03 am

Re: 05/31/2012 Live Update

Post by Hardy »

and so is Xmas :lol:
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TraderJoe
Posts: 881
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Location: USA

Re: 05/31/2012 Live Update

Post by TraderJoe »

Hardy wrote:and so is Xmas :lol:
GOOD!! :lol:
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Richarab
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Re: 05/31/2012 Live Update

Post by Richarab »

EvilTrader wrote:
BullBear52x wrote:This could be a bear trap, key word "Could" :shock: 8-)

Yeah.

market acting very trappy lately.
trappy
good word
41.24 RTH retail
finally starting to lose ground
key indicator
Last edited by Richarab on Thu May 31, 2012 1:03 pm, edited 1 time in total.
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BullBear52x
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Re: 05/31/2012 Live Update

Post by BullBear52x »

be patience bulls, magic 31 is close.
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fehro
Posts: 22880
Joined: Fri Sep 02, 2011 2:06 pm

Re: 05/31/2012 Live Update

Post by fehro »

VIX hit resistance/neckline interday.
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Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 05/31/2012 Live Update

Post by Al_Dente »

thanks TG and Keizai
$$$$
thanks

ps: cobra last night to subscribers: “62% chances the next day after a MDD would close in ….”
That leaves 38% chance for close in ……
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Pharmboy
Posts: 30
Joined: Tue May 31, 2011 9:22 am

Re: 05/31/2012 Live Update

Post by Pharmboy »

Good day all! Well, looks like we have the breakdown Sir Cobra has forcasted...now, biotechs have been holding strong in here. SGEN, EXEL, CRIS, CLDX and YMI are all holding their own. PLX received its approval...so all is good in the land of bio....only CLDX is looking a bit funny with a falling wedge, but long term, they are going to be very nice investment IMHO.
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snakehead
Posts: 352
Joined: Tue Mar 06, 2012 4:57 pm

Re: 05/31/2012 Live Update

Post by snakehead »

It's that time again:

Image
"We got a runaway train boy, we got a billion Eddie Barzoons all jogging into the future. Every one of 'em getting ready to fist-#### God's ex-planet, lick their fingers clean as they reach out toward their pristine, cybernetic keyboards to tote up their f##ing billable hours. And then it hits home!"
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Chrys
Posts: 16
Joined: Thu Jun 02, 2011 8:24 am

Re: 05/31/2012 Live Update

Post by Chrys »

Curious how you determine support & resistance lines when the EFT went out of existence in 2008 and then reintroduced (at a much higher price) in 2010. I'm looking at SIL (silver miners). Thanks
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TraderGirl
Posts: 5031
Joined: Thu Dec 22, 2011 2:47 pm

Re: 05/31/2012 Live Update

Post by TraderGirl »

Check out SLV, a triangle within a triangle....could go either way...but looks like a continuation pattern to the downside...

if it breaks above $27.28 and holds...then going up....
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Screen Shot 2012-05-31 at 10.10.25 AM.png
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BullBear52x
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Re: 05/31/2012 Live Update

Post by BullBear52x »

Swing last sell the rip spot. on all major indexes
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Cobra
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Re: 05/31/2012 Live Update

Post by Cobra »

H&S bottom target reached. might be more.
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louie
Posts: 197
Joined: Wed May 30, 2012 10:52 am

Re: 05/31/2012 Live Update

Post by louie »

snakehead wrote:It's that time again:

Image
This is EOM, right? right?
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Cobra
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Re: 05/31/2012 Live Update

Post by Cobra »

aapl still fighting fib resistances, key time. http://stockcharts.com/public/1684859/c ... /260183775;

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fehro
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Joined: Fri Sep 02, 2011 2:06 pm

Re: 05/31/2012 Live Update

Post by fehro »

trendlines, still a bear flag? wave 4? ABCDE? with E still to come at 1340?
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louie
Posts: 197
Joined: Wed May 30, 2012 10:52 am

Re: 05/31/2012 Live Update

Post by louie »

Cobra wrote:aapl still fighting fib resistances, key time. http://stockcharts.com/public/1684859/c ... /260183775;
APPL being hit very hard with buy orders
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