08/06/2012 Live Update

[KENA]

For those looking for a short "RIG" is setting up.

[fehro]

longer term trendlines

[Cobra]

text book target. 12 min to close.

Does that negate your high target from earlier? or was that negated when you went neutral.

you missed when I said "bias is neutral to bearish". Check my twitter, you won't miss my changes there.

[EvilTrader]

Cobra

short term toppish ???

[MrMiyagi]

you missed when I said "bias is neutral to bearish". Check my twitter, you won't miss my changes there.

No, I got that, but did not realize that meant "cancel high call". Will know for next time. Thanks!

[Cobra]

target met. guess, that's it for today. I need dig a little more before calling the next. thank you guys, I'll see you tomorrow.

[MrMiyagi]

Here's your new target Cobra;

[Petsamo]

A gap down is possible because EWG (Germany) finished below Europe's close

[dr659]

target met. guess, that's it for today. I need dig a little more before calling the next. thank you guys, I'll see you tomorrow.

A little overlap again?

[Al_Dente]

ok then.............PASSED that test..........one more month to go testing real-time.......

[MrMiyagi]

Transports closed red.

[EvilTrader]

I smell a Bull Trap

[Petsamo]

Transports closed red.

Does that include UAL ? UAL & the airlines performed well today

[Nrsimha]

Here's your new target Cobra;

I hope you didn't go ahead and buy that TNA, Myagi !!!

[Cobra]

target met. guess, that's it for today. I need dig a little more before calling the next. thank you guys, I'll see you tomorrow.

A little overlap again?

no.

[MrMiyagi]

Transports closed red.

Does that include UAL ? UAL & the airlines performed well today

Yep, UAL is in the index.

[TradingJackal]

Pretty bearish close. I had heard someone at Dan's blog talking at 1399 around about today. Not breaking 1400 today was total BS. Either they plan to gap up without burning much ammo or we are in for another curl down.

[xfradnex]

Germany and Italy not happy. http://www.telegraph.co.uk/finance/fina ... -euro.html

[xfradnex]

News from http://www.telegraph.co.uk/finance/debt ... -2012.html

German research group Sentix said that they predict EURO to break up at 73%

IBEX closed for 5 hours today (trading glitch right). Spanish and Italian borrowing cost down to 6.7 and 6% respectively. Cyprus needs 10BEuro more. 10.49

The German fire brigade is out in force this morning in an attempt to extinguish talk of the eurozone tearing itself apart.

Deputy government spokesman Georg Streiter said that Chancellor Angela Merkel did not share Mario Monti's concern of a eurozone break-up. He urged “more calm” in the political debate over responses to the crisis.

Mr Streiter also said that Mrs Merkel backed the ECB bond buying plan announced last week, adding that Germany had “no doubt” that the central bank was acting within its mandate.

His comments contradict those made by CDU chairman Volker Kauder on German radio today (see 09.36).

[xfradnex]

Daily Elders. Canada closed, so Greens 14 of 14 in world markets with volume way down. This day is like 7-30-12. my guess is down around to a low of SPY 138.55. Can I get lucky again