06/11/2012 Live Update

[rpccharts]

SPAIN to German Interest Rate Spread up 6% AFTER BAILOUT

http://www.bloomberg.com/quote/.SPGERSP:IND

[ZimZeb]

[rpccharts]

Italian yields vault 6%
http://forexlive.com
June 11, 2012 at 15:02 GMT

So much for bailing out Spain to avoid contagion!
Italian yields up 25 bp on the day while Spain is up 27 bp…
EUR/USD slipping further, now at 1.2506.

On the wires, Belgian central banker Coene says that the us of ESM funds to bailout
Spain would not trigger credit default swaps, owing to the ESM’s preferred creditor status. That’s comforting…

[pezhead9000]

Wow, I was stunned. I thought the half-life of this bailout would be longer.

SPY, Look at the arrow at the 50ema.

[ClarkW]

SPAIN to German Interest Rate Spread up 6% AFTER BAILOUT

http://www.bloomberg.com/quote/.SPGERSP:IND

ouch!

[Cobra]

aapl needs to show more strength, the current pattern is not necessarily bullish: http://stockcharts.com/public/1684859/c ... /260183775;

[fehro]

messy chart... invs H&S? or just a bigger triangle? grey channel?...just more chop until next week?

[ClarkW]

DUST just began nice move up

[Cobra]

Cobra - is this still the 1st leg down?

of course.

[snakehead]

A lot of people with stunned "whuuuuu???" faces today.

"Bulls" on drugs.

[snakehead]

SPAIN to German Interest Rate Spread up 6% AFTER BAILOUT

http://www.bloomberg.com/quote/.SPGERSP:IND

This was predicted to happen.

Why is this a BIG SURPRISE??????

[snakehead]

DUST just began nice move up

Buy NUGT, GDX, etc., on the dip for a longer-term trade.

[Petsamo]

We have a bounce

[SWalsh]

Perhaps?

IF this was a C wave up of an elongated flat it explains why the low was not established much lower, but will be soon:

[uempel]

Signal due in about 10 minutes

[soku]

chn support conv with vol. time to cover short

[uempel]

A lot of people with stunned "whuuuuu???" faces today.

"Bulls" on drugs.

Well, the bulls on drugs shorted the ES last night , shorted the DAX future at 2:00 am in the morning - but they sure did not expect such a bearish move...

(I guess I'll have to add that the June SPX future opened up at 1342 and went up to 1350ish, the June DAX future opened up at about 6310. These were crazy moves and even a bull had to scalp...)

[Auole]

Well, Cougar, anybody else thinking gold, here is my daily short signal. Of course it wasn't until the big DONGGGG went off in 6 decade old neuron synopses and I 're-got' short near Friday's sort of high. If you're thinking of shorting your intraday high timing I will try to input something if U just say so. But warning on taking any of my intraday sort of sometimes not so great ideas.

By the way, Coug, respectfully spaghetti Al, Cobraaa, any confirms or 'not yet's' or contrarians, as a first for me, buying to Sell RGLD, bbbbbullbbbbear, Uempl,I really do honor all you seasoned traders here!?????

PS - Even mention of "Triggering Credit DEFAULT Swaps" gets me nervous....

[Auole]

Snake head - my dear contrarian - would you pretty please give me a more graphic something?

[Cobra]

fib info, normally this rebound shall fail. maintain the plan.