07/20/2012 Live Update

[Cobra]

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Gap down below yesterday's low so the gap might not be filled.

The Global ES seems in a channel, so let's what it'd do when touches the channel bottom. Overall, I don't see anything wrong yet, so I'd assume this is just a normal pullback unless we down more from here. Text-book-ly, only break below the double top neckline at 1320 would confirm something bad, so from now 1364 to 1320, it's touch call in theory. For me, if we down a little bit larger here, then it's clear overlap therefore4 Push Up pattern which is not bull friendly.

[Cobra]

I see some arguments again, please focus on the trade in this forum. If you'd like to discuss something else, please let me know, I can open another forum for you, thanks.

Meanwhile, I see some suggestions about particular person here, if you guys know what I'm talking about and like to let me your opinion, please PM me. If I see enough supports, I'd do something, otherwise I'd just regard it as a personal opinion not majority's idea therefore would do nothing.

[Cobra]

the open.

[EvilTrader]

Short term, retest of the broken trend line then down ?

[Al_Dente]

Barton Biggs, Rest in Peace
http://seabreezepartners.net/letters&id=1236&catid=15

[Al_Dente]

wow the GOOG euphoria was short-lived (?)

[Petsamo]

It's been a while since we've seen a bearish Friday.

[Al_Dente]

is today options expiry ?

[TraderJoe]

is today options expiry ?

Yes, third Friday of each month.

[Petsamo]

is today options expiry ?

Yes, third Friday of each month.

Are we usually range-bound on options expiry ?

[xfradnex]

Barton Biggs, Rest in Peace
http://seabreezepartners.net/letters&id=1236&catid=15

Did you know him?

[Al_Dente]

PAGING Baron von Baron
U called this little honey badger last night !!
nydec >2100 = “bear trend” day at the moment, let’s hope she can stay >2000 without the BTFD-ers stepping in...

[knock]

someone please tell me this smells like double bottom. i dumped all my TZA and want the gap to be closed

[BullBear52x]

Power that be need to push this back. not looking good for bulls here.

[Al_Dente]

Barton Biggs, Rest in Peace
http://seabreezepartners.net/letters&id=1236&catid=15

Did you know him?

HELLO DR. X
u are in early?!!
No, I just read his book "Hedgehogging"

[Tabby]

This is odd, on one of my screen, showing SPX 1360.56 as the lowest in SPX for today so far; however, all other sites showing that 1366. 64 as the lowest number on SPX right now.

[BullBear52x]

PAGING Baron von Baron
U called this little honey badger last night !!
nydec >2100 = “bear trend” day at the moment, let’s hope she can stay >2000 without the BTFD-ers stepping in...

720fifteen.png

Thank you, every dog got its day, today is my day!

[KENA]

The strong stocks did not make a higher high but pulled back a bit yesterday.Weak stocks were about flat.To maintain an up mkt the strong stocks must out number the weak.We need to see more up on the strong so we do not set neg. div.

[Al_Dente]

BARON:
Ok but fair warning: here is what happens when u try to touch the honey badger
http://screencast.com/t/xZx7B6Wcj1N

[wayne0708]

If you're StockCharts member, please do me a little favor by "vote" and the most importantly "follow" my public chart list here: http://stockcharts.com/public/1684859. You need "follow" only once but vote can be done everyday, so whenever you have time, please vote for me, thanks!

If you're not StockCharts member, you can also help boosting my rank by clicking the link once everyday: http://stockcharts.com/public/1684859, thanks!


Please, again, all my calls in the daily live update is for intra-day only, they're absolutely invalid when the closing bell rings. If you're interested in the forecast for days and weeks, please subscribe my daily newsletter services. Thanks.


Gap down below yesterday's low so the gap might not be filled.

The Global ES seems in a channel, so let's what it'd do when touches the channel bottom. Overall, I don't see anything wrong yet, so I'd assume this is just a normal pullback unless we down more from here. Text-book-ly, only break below the double top neckline at 1320 would confirm something bad, so from now 1364 to 1320, it's touch call in theory. For me, if we down a little bit larger here, then it's clear overlap therefore4 Push Up pattern which is not bull friendly.

very nice write up