07/20/2012 Live Update

[TraderGirl]

I don't know...

hhh.png

I have seen this set up posted on other charts, but is the RS technically correct??

TraderLady, I'm new in this business. Don't know what RS is...

Ahhh, right shoulder But tell me, why should'nt it be correct? Ms or Mr SPX standing on her/his head, two nice shoulders, not very muscular but they look ok, right?

xx.png

I am not an expert on H&S's but I guess it looks as good as any other H&S...

We could see a bounce next week, so anything is possible in this market... a big bounce to that level next week would put us in a very bullish position IMHO... but I am seeing bearishness in certain charts...

[Michelle]

Ahhh, right shoulder But tell me, why should'nt it be correct? Ms or Mr SPX standing on her/his head, two nice shoulders, not very muscular but they look ok, right?

Also, an EW'r could make the case for this being a fourth wave down with the fifth wave up to come.

[BlackThought]

Bloomberg: Earnings have exceeded analyst estimates at about 70% of the 99 $SPX companies that have reported so far

[Cobra]

Cobra,
I think you should the board as it is. There is a question that where do you draw a line that what is acceptable and what it is not. There are picture posted in here that are condescending toward women. Photos of underaged girls in bikines , not even taken from a magazines. You have a daughter, how do you like your daughter picture to be posted in another forum and whole bunch of pigs drool over it???
Then we some people who use curse words in different languages in your blog that you don't even know know it.
Then you have some people who are anti- Obama and write garbages in here. Then you have Democrates/Republicans who write garbage in here
Where do you draw a line? Do you really want spend time to monitor who is right or wrong.
If you don't like TV show, you turn it off, just let Freedom of speech to shine in your blog. Some of his EW charts were more accurate than some of your favorite people who post in here.We are adults we should know how to handle situations in here.

Thing is, I come to this board to for a specific reason— as I think most do— to help sharpen perceptions and hone skills in one very specific area of life: The Markets. When someone starts prattling on about politics or whatever else it splinters my focus. The exact opposite reason of why I come here.

That's why I'd like the nonsense to stop. Save the musing on politics, thoughts on society, tinfoil hat theories about moon landings and all the rest of it for your wife or your invisible friends or the guys down at the bar or whatever. When in here let's just all make money and nothing else.

(PS, uempel, the spaghetti, bullbear, and MANY others have great info and I personally believe that they are not wrong "most of the time". Anyone who says different isn't paying attention or has an agenda. I learn a lot from the generosity of those absolute strangers and I want to keep it that way.)

i agree.

again, anyone thinks we need a moderator? I definitely cannot discipline here. I have no time, also frankly, my first language is not English, so sometimes I cannot tell whether certain words are inappropriate or not.

[Mr. BachNut]

I don't know...

hhh.png

I have seen this set up posted on other charts, but is the RS technically correct??

TraderLady, I'm new in this business. Don't know what RS is...

Ahhh, right shoulder But tell me, why should'nt it be correct? Ms or Mr SPX standing on her/his head, two nice shoulders, not very muscular but they look ok, right?

xx.png

By the way, the right shoulder low also has use as bear signal if it comes to pass that it is broken. It is one of the markers I am watching to signal a top.

[Petsamo]

Bloomberg: Earnings have exceeded analyst estimates at about 70% of the 99 $SPX companies that have reported so far

Aren't those estimates lowered? A lot of companies lowered their guidance.

[Al_Dente]

Mr. Bachnut
In the end there will only be three left here: Cher, cockroaches, and “the subject person”
oy

btw, still wide on credit, currency, etc
spy trying to catch up, I mean “catch down”

[uempel]

Ahhh, right shoulder But tell me, why should'nt it be correct? Ms or Mr SPX standing on her/his head, two nice shoulders, not very muscular but they look ok, right?

Also, an EW'r could make the case for this being a fourth wave down with the fifth wave up to come.

Ahhh, Michelle, haven't seen you lately...

As I can't offer you a drink, I'll offer you a small chart. It suggests there might be a move at 2:30 p.m, i.e. very soon....

[Tabby]

Cobra,

i agree.

My point was change the chanel if you don't like it. Even if you go to a private blog or set a rules, there are always going to be people dislike others unless if you want to create a blog that people have the same thoughts then you don't see the differences to examine your own values.
Mr. M, It is not matter boys or girls issue. The subject is who to be banned or not be banned is ambiguous. Easily, skip the subject if you don't like it. Leave Cobra alone with all these complains. He has a life beside this blog and complains. We are acting like childern in here.

[BlackThought]

Cobra,
I think you should the board as it is. There is a question that where do you draw a line that what is acceptable and what it is not. There are picture posted in here that are condescending toward women. Photos of underaged girls in bikines , not even taken from a magazines. You have a daughter, how do you like your daughter picture to be posted in another forum and whole bunch of pigs drool over it???
Then we some people who use curse words in different languages in your blog that you don't even know know it.
Then you have some people who are anti- Obama and write garbages in here. Then you have Democrates/Republicans who write garbage in here
Where do you draw a line? Do you really want spend time to monitor who is right or wrong.
If you don't like TV show, you turn it off, just let Freedom of speech to shine in your blog. Some of his EW charts were more accurate than some of your favorite people who post in here.We are adults we should know how to handle situations in here.

Thing is, I come to this board to for a specific reason— as I think most do— to help sharpen perceptions and hone skills in one very specific area of life: The Markets. When someone starts prattling on about politics or whatever else it splinters my focus. The exact opposite reason of why I come here.

That's why I'd like the nonsense to stop. Save the musing on politics, thoughts on society, tinfoil hat theories about moon landings and all the rest of it for your wife or your invisible friends or the guys down at the bar or whatever. When in here let's just all make money and nothing else.

(PS, uempel, the spaghetti, bullbear, and MANY others have great info and I personally believe that they are not wrong "most of the time". Anyone who says different isn't paying attention or has an agenda. I learn a lot from the generosity of those absolute strangers and I want to keep it that way.)

i agree.

again, anyone thinks we need a moderator? I definitely cannot discipline here. I have no time, also frankly, my first language is not English, so sometimes I cannot tell whether certain words are inappropriate or not.

i say keep talks of HFT and politics off the board, i'm sure the members that actually TRADE would agree to this.

maybe create a poll like this?

Should talks of HFT and politics be prohibited or kept at a minimum on the daytrading threads?

Vote:

Yes
No

[TraderGirl]

Sometimes wave 5 ends in abc...

[Out of Bounds]

Not going to hold this level

[Cobra]

no breakout, instead another test of the day low, so still key time, wait.

[BullBear52x]

es 720.png

s/t could get a crossover with divergence in the histogram,
BullBear see any chance of a good pop next half hour?
his is 34 minute ES future
thanks for all the great MARKET ideas on this board!

Thanks, wait for the next buy signal, since the last one failed. the selling is too great for the bulls base on Up/Dn vol.

[Al_Dente]

COBRA
If u need a moderator I vote Xian
He’s here 4 the right reason (trading)
He has a strong backbone (stands up to bullys)
And he’d eliminate distracting posts (like this one)

[TraderJoe]

My Vote --- YES

[BlackThought]

My Vote - Yes

[fehro]

small neckline change.. was that a retest?

[MrMiyagi]

"I see lead people"

No bounce.

[uempel]

Big fight at signal