07/10/2012 Live Update

[ClarkW]

I get the impression that very few people on this board have lived through a real bear market.

2008 felt a little bearish to me

2000 bear market...anyone remember tech crashing all around?? I had clients worth 50 million in one minute, the next minute they were worth, $50....told them to diversify, but they kept saying "but it's going to go higher"...famous last words...

Is a crash and a Bear the same thing? , Maybe he means a real Bear like the one that lasted from 1966 to 1982 were stocks went nowhere.

Even using that definition we've all been in one right? 1998-now?

Maybe he's speaking of the Great Depression because he's 100 years old. Probably also blabbers about walking 10 miles uphill in the snow to school (JUST KIDDING)

[Al_Dente]

I get the impression that very few people on this board have lived through a real bear market.

2008 felt a little bearish to me

1987 for me

I would not want to do another 1987. When we had the flash crash (May 6, 2010), I was thinking here we go again.

Mr. Bnut
how about 1929 ouch that one wiped me out

[TraderGirl]

I get the impression that very few people on this board have lived through a real bear market.

2008 felt a little bearish to me

1987 for me

I would not want to do another 1987. When we had the flash crash (May 6, 2010), I was thinking here we go again.

Mr. Bnut
how about 1929 ouch that one wiped me out

[MrMiyagi]

Last minute Hopium;

[jdow]

Yep, I’m flipping the coin, at least I’m up now...

QQQ < 20 day ema. I’ll hold short ...

SPY trying to close above the 20day sma

Since the Nikkei & Hang Seng dumped, they might rally tonight.
Since India & Europe rallied, they'll likely dump. Maybe I should've sold my EWP (Spain).

[TraderGirl]

Last minute Hopium;

Damn you Miyagi!!

[MrMiyagi]

Last minute Hopium;

Damn you Miyagi!!

Does it work into your plans?
TRIN says reversal, TLT says reversal, TBT says reversal. NYMO says either way.

[snakehead]

QQQ < 20 day ema. I’ll hold short ...

SPY trying to close above the 20day sma

Since the Nikkei & Hang Seng dumped, they might rally tonight.
Since India & Europe rallied, they'll likely dump. Maybe I should've sold my EWP (Spain).

So, day N is always negatively correlated to day N+1 ?

That's the model you're using?

[snakehead]

I get the impression that very few people on this board have lived through a real bear market.

2008 felt a little bearish to me

2000 bear market...anyone remember tech crashing all around?? I had clients worth 50 million in one minute, the next minute they were worth, $50....told them to diversify, but they kept saying "but it's going to go higher"...famous last words...

Is a crash and a Bear the same thing? , Maybe he means a real Bear like the one that lasted from 1966 to 1982 were stocks went nowhere.

Even using that definition we've all been in one right? 1998-now?

Maybe he's speaking of the Great Depression because he's 100 years old. Probably also blabbers about walking 10 miles uphill in the snow to school (JUST KIDDING)

Yeah, sure, and I also consider myself to be the "Chris Christie" of this board.

http://www.youtube.com/watch?v=Kj16vHTXMxo

[TraderGirl]

Last minute Hopium;

Damn you Miyagi!!

Does it work into your plans?
TRIN says reversal, TLT says reversal, TBT says reversal. NYMO says either way.

I don't see a reversal in treasuries yet...

[snakehead]

Last minute Hopium;

Damn you Miyagi!!

Does it work into your plans?
TRIN says reversal, TLT says reversal, TBT says reversal. NYMO says either way.

I don't see a reversal in treasuries yet...

Yup ---- more like a breakout ....

[SWalsh]

well, guess that's it for today. now we have the answer for my short-term evil plan, so no bother to blah blah here, this is on a little bit longer time frame than the next couple of days of course. for very short-term in the next couple of days, I won't be too bearish which I'll explain in tonight's report. Thank you guys, I'll see you tomorrow.

is it my eyes or are they not parallel lines?

[SWalsh]

I get the impression that very few people on this board have lived through a real bear market.

WOW...you just got on every government list! Don't try flying for 5 years!

[MrMiyagi]

I don't see a reversal in treasuries yet...

[xfradnex]

For the Cutters out there and or permabears, more Zero Hedge http://www.zerohedge.com/news/bearish-e ... ot-so-fast

[Al_Dente]

Dr. X
Here’s another….a $VIX wedge alert (top panel), not quite descending triangle, but $VIX is at bolinger centerline resistance… so we’ll see…
What do yr elders say?
[ps what are Cutters?]

[xfradnex]

Dr. X
Here’s another….a $VIX wedge alert (top panel), not quite descending triangle, but $VIX is at bolinger centerline resistance… so we’ll see…
What do yr elders say?
[ps what are Cutters?]

710vixwedge.png

A reference to Mr. T's need for sharp objects after reading Zero Hedge. Cutters are people who cut themselves for pleasure( go figure).

Dr Al. I found your place of birth; I did not know you were swiss. http://www.youtube.com/watch?v=GXmaS1ZzpA8 More than money can grow from trees.

[xfradnex]

Dr. X
Here’s another….a $VIX wedge alert (top panel), not quite descending triangle, but $VIX is at bolinger centerline resistance… so we’ll see…
What do yr elders say?
[ps what are Cutters?]

710vixwedge.png

I saw other graphs today , with the bollingers, however those earlier Bollinger exceedences were much stronger than todays? But a bounce is more than possible.

[xfradnex]

Daily Elders, More Red in the World markets. Still not enough for a convencing Bear move.

[xfradnex]

New Burger King Uniforms. http://www.zerohedge.com/news/kardinals ... on-kontest. No Euros for you.