06/29/2012 Live Update

[Cobra]

as we can see now EMA20 gradually catches up. wait.

[Al_Dente]

60 minute heikin ashi

629heikin.png

No comments Dr.? What's going on in the head? ...

Clark
the head is reeling
more later when the head can push words out of the mouth
thx GL

[Tabby]

as we can see now EMA20 gradually catches up. wait.

It looks like a snake with the tail is up and ready to attack.

[SWalsh]

It's Friday and I don't think anyone is trading this. There seems to be a slight downward bias to orders but it takes little in the way of HFT bidding to stop it.

[jarbo456]

JPM isn't feeling any love this morning

Maybe they found out the loss is double the 9 billion...... haahahah.

JPM does't care, it's only 2 Quarters profit to them..

how is it 2 months? they earn under $5B a quarter. if it really is a $9B loss, that's nearly half a year's profit off the table...

disclaimer, i'm long JPM.

Correction, 2 Quarters...

haha...sorry didn't mean to sound so harsh. it's a fairly large deal though.

i mean, it's like if one of us (say your account is 500k), who is used to earning 20% a year or 100k, has to then live off 50k cuz we took a monster loss.

[KeiZai]

just for fun, I am not trading today - looking for nice short setups

silver ST

[shaca]

nasdaq +2,4% and NAUPV:NADNV is just 4
very very weak up volumes today

[Al_Dente]

http://screencast.com/t/SHgJ13fv

zh calls it an “epic” eurusd squeeze
it’s now relaxing as aud/jpy continues sqz
[caveat: u always need to double check my freestockcharts.com eur/usd chart with the forexpros.com charts]

[SWalsh]

I think we should trade only the first of each month and go to the beach the rest of the time

The man has a point!

[ClarkW]

61.8% Fib level from Oct low to high is $135.74 for SPY

[Cobra]

revisit the morning high, no failure allowed for bulls.

[louie]

It's Friday and I don't think anyone is trading this. There seems to be a slight downward bias to orders but it takes little in the way of HFT bidding to stop it.

Be aware folks, Truer words were never spoken!

[KENA]

I'm waiting for Cobra to come out and say double top now and lower low..Will it happen????

[Cobra]

I'm waiting for Cobra to come out and say double top now and lower low..Will it happen????

the chart still is bullish biased.

[Mr. T]

Yesterday was the miracle rally = where's the miracle dump?

[chickencoop]

Yesterday was the miracle rally = where's the miracle dump?

Miracle rally is to Tragedy dump

[Cobra]

Yesterday was the miracle rally = where's the miracle dump?

miracle rally is far more often than miracle dump, so generally forget about the dump you can.

[Cobra]

1st touch of EMA20, let's see any H2 long here.

[Petsamo]

A red candlestick would be nice. Yesterday, we set a white candlestick when we should've set a red one.

[louie]

Been thinking a lot about this EU situation. Many large countries, not just the EU, have much at stake in their own stock, bond and financial markets. A solution may/may not be reached. But I firmly believe much pressure will be placed on them to be VERY careful with the press releases on results. I think they will want those press releases to "at least" give investors "the impression" of a good outcome. Perception is the game afoot.