06/22/2012 Live Update

[Cobra]

hmm, apparently, not. guess I have to read the 1 min chart today.

[MrMiyagi]

No, I'm pretty sure you are right Cobra.

[Cobra]

Key time, bulls must hold here, otherwise it'd be double top. the bias is a little little bit on the downside now.

[CH37]

hmm, apparently, not. guess I have to read the 1 min chart today.

Master Cobra, question 4 U,
http://www.ise.com/WebForm/viewPage.aspx?categoryId=126
All Securities ISEE is lower than 50, but All Equities only ISEE is more than 190.
Did it mean retailer traders are bullish, but big fund are caustious ?
thanks a million.

[Al_Dente]

banks are strong-ish sector today
while GS just hit a lower low
double bottom GS?
FIVE MIN CHARTS only

[KENA]

banks are strong-ish sector today
while GS just hit a lower low
double bottom GS?
FIVE MIN CHARTS only

One stock I follow for some sort of indication of Global trend is JOY.They have been in slight dn trend for the past 2 months.The WORLDBP going to X's yesterday makes things a little mixed.

[Al_Dente]

My “Bottom Finder” (top panel) volume indicates we are at or near a temporary bottom zone
…. But if selling volume picks up here ………. that fancy-schmantzy indicator will turn into a blue fail…..
FWIW
At the moment I think TLT is a better signaler (folks r selling all those bonds? 5min intraday only)

[whitedog]

I AM buying june 29 weekly calls today at 59 cnts low risk short term trade.

[Petsamo]

XOP is itching for me to press the sell button

[Al_Dente]

banks are strong-ish sector today...........

One stock I follow for some sort of indication of Global trend is JOY.They have been in slight dn trend for the past 2 months.The WORLDBP going to X's yesterday makes things a little mixed.

thx kena
I’m assuming bp = bullish percent?
do u have a symbol or something for world bp?

[Also from the Boredom Department: why is FB squeexing and trying to break out? FIVE MIN intraday only]

[Cobra]

could be another triangle. not sure.

[Petsamo]

I see a lot of red sell bars, but this thing is refusing to drop

[KENA]

banks are strong-ish sector today...........

One stock I follow for some sort of indication of Global trend is JOY.They have been in slight dn trend for the past 2 months.The WORLDBP going to X's yesterday makes things a little mixed.

thx kena
I’m assuming bp = bullish percent?
do u have a symbol or something for world bp?

[Also from the Boredom Department: why is FB squeexing and trying to break out? FIVE MIN intraday only]

No,Thats the symbol on the Dorsey Wright chart..Maybe uempel has one??

[Cobra]

hmm, apparently, not. guess I have to read the 1 min chart today.

Master Cobra, question 4 U,
http://www.ise.com/WebForm/viewPage.aspx?categoryId=126
All Securities ISEE is lower than 50, but All Equities only ISEE is more than 190.
Did it mean retailer traders are bullish, but big fund are caustious ?
thanks a million.

ISEE is always about retailers, no big fund.

[Cobra]

not sure if a small descending triangle here. lunch time, will be back.

[SB73]

If I squint my eyes I can see a descending triangle

[SB73]

If I squint my eyes I can see a descending triangle

Cant believe I posted that and Cobra beat me to it.

[fehro]

for a short term bullish view should we bounce here....maybe, we are still forming a larger bearish wedge, looking to retest the pink H&S neckline? 1380ish?

[lcgllc]

cobra after a MDD we typically have the small range day like today, what is next, continuation? given where we are on support, i feel some retrace may be in order for monday.

[agunther]

If I squint my eyes I can see a descending triangle

Or a H&S top