06/08/2012 Live Update

[Cobra]

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Flat open, any gap will be filled.

The Global ES looks like a Bull Flag, so the bias is up. The Fib 50% retracement and the previous rebound high should be the next challenge to bulls.

[Cobra]

ALL MY CALLS HERE ARE FOR INTRA-DAY ONLY! Unless specified.

They're only valid for the next 10 minutes or hour or two.

They're absolutely invalid when the market closed.

NEVER EVER treat my call for the next 10 mintues as I'm calling for the next few days or weeks or even years.

Again, all my calls are for intra-day only, they can be changed at any minute as the market is constantly on the move, so as my calls. I HAVE TO CHANGE FAST, don't ever point to me that I'm wrong because the market now is up while 10 minutes ago I called the market down, pay attention that I might have changed my call just a second ago. Again and again, this is a day trade forum for TRADERS who can swith direction fast.

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Thanks.

[CarlosDK]

Hi cobra and morning

Can you take a look at DRV daily chart for me ? How does it look like ?

[KeiZai]

GM all

Russell had impulsive wave down with at least one more to come IMHO, I see her in 4th wave so 5 down to 61.8 fibo is underway then up we go
B-wave is usually 50% of A so it is 50-50 better to bet on upside

Same with Euro H&S target met and atm is in a big fight under 50fib so I think 61.8 (X target) will be met soon

[pezhead9000]

Inverse head & shoulders!!

[Tutti]

Cobra, Inv H&S setting up on the hourlys, no?


If no chart: http://www.screencast.com/t/oyid7wjSB

[Cobra]

Cobra, Inv H&S setting up on the hourlys, no?


If no chart: http://www.screencast.com/t/oyid7wjSB

yes.

[Cobra]

Hi cobra and morning

Can you take a look at DRV daily chart for me ? How does it look like ?

Rebound today, then chart is OK in the careful watching list. drop below yesterday's low, it's double top.

[Al_Dente]

GM
Wholesale trade report at 10:00am ET; consensus est 0.5%

[Petsamo]

Tradeyourwayout.com believes we drop below SPX 1250 before the big rally. Disclaimer: No one is correct all the time.

[cguirguis]

Cobra, Inv H&S setting up on the hourlys, no?


If no chart: http://www.screencast.com/t/oyid7wjSB

Whoa... what does that imply?

[Tutti]

Cobra, Inv H&S setting up on the hourlys, no?


If no chart: http://www.screencast.com/t/oyid7wjSB

Whoa... what does that imply?

Well nothing yet, but if it develops, MORE UP

[TWT]

DAX Future: So far the idea of a wave (C) down is on track

[Cobra]

should be 2 legged down, NORMALLY.

[Al_Dente]

holy crapola clark dust

[Al_Dente]

Moody’s downgraded Germ yest and nobody told me

[ClarkW]

holy crapola clark dust

She's a mover and will turn on a dime! Holding odd lot at this point...she scares me a bit

[Al_Dente]

holy crapola clark dust

She's a mover and will turn on a dime! Holding odd lot at this point...she scares me a bit

""""""she scares me a bit""""""""
and rightfully so

[knock]

opinion on GLD and GDX?

[brandyjoco]

Isn't today options expiration? Last time it was quadruple options expiration - the market headed south. Maybe it will turn it around this time starting after expiration? Any opinions?