07/06/2012 Live Update

[SWalsh]

Does this activity seem like we've seen it before?....maybe 7 days ago?

Nice fractal. Good catch. I will cover my SPY call options into the close anyway, but may open a position in SDS calls for August.

A.

I don't believe in some charts people drag-out from 1970 or earlier saying "here we are", but that was a week ago. Most of the 1970 players are either out or dead. But this is this market and last week and we did that three times in a row in a recent drop.

Good weekend,

You too

[SWalsh]

Just know that every time I see a picture of a girls bun cheeks hanging out, I will post a picture of some guys "____" hanging out... You guys ok with that??

As someone who feels sorry for other guys, I'm fine with it....

[xfradnex]

Check out this old pitchfork on this page http://stockcharts.com/public/1173967/tenpp/2. down near bottom.

[TradingJackal]

http://marketmontage.com/2012/07/06/hil ... mediately/

It would be funny if it was not real money but at 3:14 PM Jon Hilsenrath (aka the Fed's mouthpiece at the WSJ) had a story put on the WSJ website about how QE3 is more probable now. Since then the S&P 500 has reflexively rallied 6 points

[xfradnex]

http://online.wsj.com/article/SB1000142 ... TopStories. More wolf cries to interfere with your trading day.