06/05/2012 Live Update

[mocker]

very good, let's see target. 100% MM and C&H.

Cobra,

when you draw target - is it possible to have grid extended?
It's hard to see the target number from the graph when it's getting out of grid space.

[Cobra]

goes as expected, now key time, bulls must hold here.

[Cobra]

very good, let's see target. 100% MM and C&H.

Cobra,

when you draw target - is it possible to have grid extended?
It's hard to see the target number from the graph when it's getting out of grid space.

not possible. and I don't trade on those targets, they're just for info, don't read too much, trading is not science, so rough idea is generally enough.

[BullBear52x]

PAGING BARON von BARON
Here’s unusual zh advise on how to frontrun the SEC. They speculate that the SEC is now preparing for an eventual circuit-breaker day,
and they suggest that if the SEC revises their breaker levels (7%), then we best be sure our stops are AHEAD of that, as being behind the curve on a circuit breaker day could rip-face.
http://www.zerohedge.com/news/did-sec-h ... ket-plunge
[zh = grain of salt]

What are you doing reading ZH?
yellow line in the sand. hourly still too weak also.

[Al_Dente]

PAGING BARON von BARON
Here’s unusual zh advise on how to frontrun the SEC. They speculate that the SEC is now preparing for an eventual circuit-breaker day,
and they suggest that if the SEC revises their breaker levels (7%), then we best be sure our stops are AHEAD of that, as being behind the curve on a circuit breaker day could rip-face.
http://www.zerohedge.com/news/did-sec-h ... ket-plunge
[zh = grain of salt]

What are you doing reading ZH?
yellow line in the sand. hourly still too weak also.

I’m allowed to read zh in bear trends
Game over for bulls here?
Could u please forward that memo to the banks
thx bubba

[TraderGirl]

GM TraderGirl and everybody else,
When you get time, would you please show us a chart with your thoughts on UNG?

UNG is tough to predict, but it could be in a wave 4 which can retrace 24% or 38% of wave three, and sometimes 50%....but it looks like it could hit resistance around 17.29...IMHO.....

If it surpasses 50% and more than likely 38% then it could be an abc wave down, which completed around 16....

[TraderJoe]

Thank You!!!

[uempel]

Oh, and glad you are back Uempel. I watch your signals like a hawk!!!!

Tks louie, I have to get back into this before I can show anything (I guess I missed the big trade last week )

[Cobra]

1-2-3 formation target.

[BullBear52x]

I am eyeing XLF/FAS and SMH/TYH for the rebound play. so far daily positive D is clean, tomarooo I will be in bull camp with these guys, well,close to a buy today but still little too weak for my liking.

[Al_Dente]

Oh, and glad you are back Uempel. I watch your signals like a hawk!!!!

Tks louie, I have to get back into this before I can show anything (I guess I missed the big trade last week )

uemp are u doing a "drive by" or are u back 4 good?
sooooooooooo missed u
no joke

[louie]

I am eyeing XLF/FAS and SMH/TYH for the rebound play. so far daily positive D is clean, tomarooo I will be in bull camp with these guys, well,close to a buy today but still little too weak for my liking.

XLF holding up very well today. I am soooo looking forward to taking the other side of your bet. Not today, probably not tomorrow, but it's on my radar

[Cobra]

OK, I don't know 1-2-3 formation target and I don't care, the pullback we had simply proves what we have is just a rebound. the chart shows a relatively bullish route as you can see, I'd expect the rebound to fail eventually, may or may not today.

[TraderGirl]

Oh, and glad you are back Uempel. I watch your signals like a hawk!!!!

Tks louie, I have to get back into this before I can show anything (I guess I missed the big trade last week )

uemp are u doing a "drive by" or are u back 4 good?
sooooooooooo missed u
no joke

I miss you too!!!

[BullBear52x]

I am eyeing XLF/FAS and SMH/TYH for the rebound play. so far daily positive D is clean, tomarooo I will be in bull camp with these guys, well,close to a buy today but still little too weak for my liking.

XLF holding up very well today. I am soooo looking forward to taking the other side of your bet. Not today, probably not tomorrow, but it's on my radar

SPY intraday, last two sell signals didn't make new low, this is a sign of internal strength tomorrow will really clear up some more, close to clean out all of shorts position just to be safe.

[Al_Dente]

Is that all the dollar needed? A one day pullback???
aud/jpy is up on RBA reserve bank Australia cutting rates by 25bps to 3.5% as expected
eur/usd is down…. errrrrrr….. up on ………….whatever……..
keizai are u here?
TG could u post /dx when u have a minute
thx

[MrMiyagi]

There is no wind beneath SPY's wings.

[EvilTrader]

I am eyeing XLF/FAS and SMH/TYH for the rebound play. so far daily positive D is clean, tomarooo I will be in bull camp with these guys, well,close to a buy today but still little too weak for my liking.

XLF holding up very well today. I am soooo looking forward to taking the other side of your bet. Not today, probably not tomorrow, but it's on my radar

SPY intraday, last two sell signals didn't make new low, this is a sign of internal strength tomorrow will really clear up some more, close to clean out all of shorts position just to be safe.

i agree.

counter-trend rallies can be violent spikes, taking away most profits from sleepy overconfident bears.

[fehro]

trendlines.

[louie]

I am eyeing XLF/FAS and SMH/TYH for the rebound play. so far daily positive D is clean, tomarooo I will be in bull camp with these guys, well,close to a buy today but still little too weak for my liking.

XLF holding up very well today. I am soooo looking forward to taking the other side of your bet. Not today, probably not tomorrow, but it's on my radar

SPY intraday, last two sell signals didn't make new low, this is a sign of internal strength tomorrow will really clear up some more, close to clean out all of shorts position just to be safe.

BB: I agree with you and please don't take that comment personally. I would love the see financials take off (up) so I can short them. I just don't like the current business models of the big banks and insurers. But I also really don't want our financial system to fail. Why can't they just straighten up and fly right?