07/06/2012 Live Update

[noob]

Done for the day?

I think by Cobra's measure we are still on first leg though.

[TraderGirl]

Euro approaching yearly low 1.28, might be bad or might be bounce.

[attachment=0]eur.JPG[/attachment

euro is under support from a trendline from 2000..... thats telling you something.

Where have you been??

[Cobra]

retest the morning low, key time.

[soku]

several supports around 1340s, including my 1344 line that i draw when it went up, and the 50 day ma.
market is hoping for more stimulus. this is the reason it didn't drop hard enough. let's see how it goes. personally i feel 1320 is the next stop.
yes i am perma bear

[soku]

Euro approaching yearly low 1.28, might be bad or might be bounce.

[attachment=0]eur.JPG[/attachment

euro is under support from a trendline from 2000..... thats telling you something.

it's hard to draw long term support line, since 2010 low is below 2008. we are currently at 2008 level. i am thinking of further down, but not quite sure how far it can go. maybe 1.19-1.20?

[xfradnex]

Daily Elders if we closed now (vs EOD). Added summation of world markets (15 total). Added more Reds and Blues from yesterday. Overall still Blue. . So, even though this is a big down today, we are not in the red for the world.

[OverUnder]

I have no idea what that is, but it's very colorful. How do you get it, what is it lol, and does it help you trade?

Daily Elders if we closed now (vs EOD). Added summation of world markets (15 total). Added more Reds and Blues from yesterday. Overall still Blue. . So, even though this is a big down today, we are not in the red for the world.

[TradingJackal]

1351 SPX target reached. Let's see where it goes now.

[soku]

interestingly, xlf and xle are stronger than spy. are "they" planning for stimulus? now?

[heavenskrow]

Euro approaching yearly low 1.28, might be bad or might be bounce.

[attachment=0]eur.JPG[/attachment

euro is under support from a trendline from 2000..... thats telling you something.

Where have you been??

vacation since i had investments instead of trades Herro! how have u been?

[heavenskrow]

Euro approaching yearly low 1.28, might be bad or might be bounce.

[attachment=0]eur.JPG[/attachment

euro is under support from a trendline from 2000..... thats telling you something.

it's hard to draw long term support line, since 2010 low is below 2008. we are currently at 2008 level. i am thinking of further down, but not quite sure how far it can go. maybe 1.19-1.20?

[noob]

Hm... Monday starts earning's season, probably won't be cheerful.

[CognitiveDissonance]

Anybody see the guy with the VIX toolkit, I think he's been messing up the works

[xfradnex]

I have no idea what that is, but it's very colorful. How do you get it, what is it lol, and does it help you trade?

Daily Elders if we closed now (vs EOD). Added summation of world markets (15 total). Added more Reds and Blues from yesterday. Overall still Blue. . So, even though this is a big down today, we are not in the red for the world.

.

Dr. Al likes it. Look up Elders graphs in Chartschool. In general. If a single stock goes Green go long until you see Blue/Red. If Red now go short until you see Blue/Green. Cobra has info also, in graph form vs my color only format; see his intro charts.

Lowest risk trades would be to going long when market is full green, after a dip occurs. To improve further chances. Use a more bullish market to go long in (green appears ahead of other markets). C (close column) is the main indicator for each stock/market.

[fehro]

1340ish? next stop?

[TraderGirl]

Euro approaching yearly low 1.28, might be bad or might be bounce.

[attachment=0]eur.JPG[/attachment

euro is under support from a trendline from 2000..... thats telling you something.

Where have you been??

vacation since i had investments instead of trades Herro! how have u been?

Is there such a thing as an investment in this market?? Been doing good so far this year.... wish I was on vacation like you!

[soku]

Euro approaching yearly low 1.28, might be bad or might be bounce.

[attachment=0]eur.JPG[/attachment

euro is under support from a trendline from 2000..... thats telling you something.

it's hard to draw long term support line, since 2010 low is below 2008. we are currently at 2008 level. i am thinking of further down, but not quite sure how far it can go. maybe 1.19-1.20?

it's not a good quality trendline imo. it cannot hold last 3 major lows. if you count percentage, all 3 of them are far away. in other words, the trendline didn't describe the trend for the past 12 years.
also 2000 low is not typical, since it is the only low below par. imo the low need to be filtered out for ta purpose.

[OverUnder]

OK thanks interesting, I'll try to have a look.

Who's Dr. Al? Al Roker?:) He's looking awfully svelte these days.

I have no idea what that is, but it's very colorful. How do you get it, what is it lol, and does it help you trade?

Daily Elders if we closed now (vs EOD). Added summation of world markets (15 total). Added more Reds and Blues from yesterday. Overall still Blue. . So, even though this is a big down today, we are not in the red for the world.

.

Dr. Al likes it. Look up Elders graphs in Chartschool. In general. If a single stock goes Green go long until you see Blue/Red. If Red now go short until you see Blue/Green. Cobra has info also, in graph form vs my color only format; see his intro charts.

Lowest risk trades would be to going long when market is full green, after a dip occurs. To improve further chances. Use a more bullish market to go long in (green appears ahead of other markets). C (close column) is the main indicator for each stock/market.

[TraderGirl]

Watchin' FAS, wave looks incomplete...?? We'll see....

[xfradnex]

OK thanks interesting, I'll try to have a look.

Who's Dr. Al? Al Roker?:) He's looking awfully svelte these days.

I have no idea what that is, but it's very colorful. How do you get it, what is it lol, and does it help you trade?

Daily Elders if we closed now (vs EOD). Added summation of world markets (15 total). Added more Reds and Blues from yesterday. Overall still Blue. . So, even though this is a big down today, we are not in the red for the world.

.

Dr. Al likes it. Look up Elders graphs in Chartschool. In general. If a single stock goes Green go long until you see Blue/Red. If Red now go short until you see Blue/Green. Cobra has info also, in graph form vs my color only format; see his intro charts.

Lowest risk trades would be to going long when market is full green, after a dip occurs. To improve further chances. Use a more bullish market to go long in (green appears ahead of other markets). C (close column) is the main indicator for each stock/market.

Dr Al = Al a-fraidoo today