06/27/2012 Live Update

Richarab · Post by **Richarab** » Wed Jun 27, 2012 9:45 am

Our friend SWalsh posted recently some wave counts
Stating that 1223 on ES should not be broken if waving down

Anyhow
1223 ES is my line in the sand
Else out shorts (other half) modest win

And no way going long
Europe has its hands in its pockets - playing pool - all but merkel that is, who should just leave the table and print her own Deutschmark once again

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fehro · Post by **fehro** » Wed Jun 27, 2012 9:46 am

channel tag? or breakthrough?

Richarab · Post by **Richarab** » Wed Jun 27, 2012 9:50 am

fehro wrote:channel tag? or breakthrough?

tag
Your it

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KENA · Post by **KENA** » Wed Jun 27, 2012 9:51 am

Al_Dente wrote:
KENA wrote:Al_Dente..Thanks for the info.I may hold my swing trades a little longer.

BUT Kena look at the spy shape from 4 june to now
Would u call that a dome-ish?
(I’m looking at 30min)

I have not been looking that far back but I just did and yes it does look a little dome-ish.Thanks

fehro · Post by **fehro** » Wed Jun 27, 2012 9:52 am

Richarab wrote:
fehro wrote:channel tag? or breakthrough?
tag
Your it

Post by **Cobra** » Wed Jun 27, 2012 9:53 am

back to support, need wait and see.

Al_Dente · Post by **Al_Dente** » Wed Jun 27, 2012 9:53 am

Pending home sales, any minute
Consensus 1.2%
Prior -5.5%

Also EIA oil report 10:30 ET

KENA · Post by **KENA** » Wed Jun 27, 2012 9:57 am

The Dorsey Wright P&F NYSEBP charts have ticked dn the last few days indicating maybe more bearish conditions coming.Charts are still in dn trend for now.SO hold on and lets see.

ronrico · Post by **ronrico** » Wed Jun 27, 2012 9:57 am

spy gap up to 133.40 area

TraderGirl · Post by **TraderGirl** » Wed Jun 27, 2012 9:58 am

I posted this chart last night of SPY, it was finding resistance at the upper TL, now trying to get above it, I am speculating by the end of the day, it falls below....

OverUnder · Post by **OverUnder** » Wed Jun 27, 2012 10:01 am

Good news is bad news, no QE.

KENA · Post by **KENA** » Wed Jun 27, 2012 10:03 am

Liquidity ticked up a hair yesterday but overall it has been in the low Quad. and needs to go up for bullish mkts to continue.Chart by stocktiming.

dr659 · Post by **dr659** » Wed Jun 27, 2012 10:05 am

Delayed reaction to the good number

Al_Dente · Post by **Al_Dente** » Wed Jun 27, 2012 10:05 am

Pending home sales was “much better” than expected +5.9%

[earlier: Pending home sales, any minute…Consensus 1.2%...Prior -5.5%]

TraderGirl · Post by **TraderGirl** » Wed Jun 27, 2012 10:05 am

VIX slightly in the green along with the markets....

KENA · Post by **KENA** » Wed Jun 27, 2012 10:06 am

KENA wrote:Liquidity ticked up a hair yesterday but overall it has been in the low Quad. and needs to go up for bullish mkts to continue.Chart by stocktiming.

PS..Let see if we can get the chart this time.

Post by **Cobra** » Wed Jun 27, 2012 10:10 am

target met, guess, there's more.

Al_Dente · Post by **Al_Dente** » Wed Jun 27, 2012 10:12 am

Q: why is DBC (pink) leaping like a honey badger?
Crude?

fehro · Post by **fehro** » Wed Jun 27, 2012 10:12 am

popped....1340ish?

Richarab · Post by **Richarab** » Wed Jun 27, 2012 10:12 am

Cobra wrote:target met, guess, there's more.

I got stopped out
Resilient market - on vapor volume
Naturally as I leave and go eat dinner the last leg down will occur
Talk later

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