08/21/2012 Live Update

[Cobra]

cobra when you have a chance can you comment on apple ? I am waiting for the pullback just wondering your overall thoughts...

Hi Cobra, Did you share your thoughts on Apple? If so, I can't find them, please post your view of this pullback. Thanks!

check my public chart list. the latest saying "exhaustion bar". not sure how pullback unfolds, need wait and see. http://stockcharts.com/public/1684859/c ... /231686385;

[Al_Dente]

30 min

[Daniel-David]

XLI lod

[Petsamo]

Potential double bottom on SPY

[Cobra]

guys, although I was obviously brainwashed today, but I still made good call on the market, please award me with your generous vote, thanks! http://stockcharts.com/public/1684859/tenpp

[Al_Dente]

I’m not really joking on the Kardash sell signal
I equate it with the “Shoeshine Boy” theory
Which is NOT myth; it’s in the history books (Bernard Baruch, 1929)
So for me, Kardashian is the new Shoeshine Boy
we’ll see………..time will tell…….aapl's now trying to squeeze……..
IMHO kool-aid only………….

[Harapa]

Change of heart, this fast, WOO!

[Cobra]

not sure if another triangle in the forming, the bias is on the downside.

[Harapa]

All my vixies joined the Bear Camp,

[Tutti]

I’m not really joking on the Kardash sell signal
I equate it with the “Shoeshine Boy” theory
Which is NOT myth; it’s in the history books (Bernard Baruch, 1929)
So for me, Kardashian is the new Shoeshine Boy
we’ll see………..time will tell…….aapl's now trying to squeeze……..
IMHO kool-aid only………….

I think there is something to this being a topping signal. Last time gold had a good run my wife and I were out to dinner w/ my mom and she mentioned the price of gold and how strong it is and asked my thoughts on it. Almost to the day she topped the gold market.

This could be the ultimate "magazine cover" type sell signal. I'm following some slower moving MA's hoping we get a climax run before its done, but thats not to say this isn't a black cloud...Please lemmings just jump in and run this thing up and let me enjoy a move a la CSCO when it ran from 36 to 80 in 3/2000

[Xian]

This entire board is nuts today………. oh, wait a minute………I take that back…..it’s the market that’s nuts…
If u can’t even hold one little high for one little day, u are a BAD market……................. ‘til tomorrow

According to the man pictured below, the market is clearly under pressure..... or is it me? It's probably me. Yeah, I'm sure it's me.

[Cobra]

possible target. still not sure. we're still in the 1st leg down.

[MrMiyagi]

Airline fare hikes, Yahoo news.

Petsamo, you always ask about UAL, maybe you missed this tidbit.

[Unique]

AAPL 648-647.5 is 100% measure move

We should get a squeeze bounce back to 657-658, this is oversold on 5min, before the second leg later today or tomorrow..

Target has been reached, now we have to think about whether to re-enter puts or wait a bit longer....

I'm done for the day, not re-entering AAPL puts. Not worth the risk vs reward compared to the previous trade

Good luck all.

[Cobra]

volume surge, the biggest bar in this down leg so might see rebound here. again we're still in the 1st leg down.

[shaca]

no shorts today till now, i dont think we will close at this level, 5-6 points lower, or unchanged if there will a bit of short covering

usd-cad, probably an hammer in progress, doji atm, and maybe that right shoulder ( check a 1 year chart )

[heavenskrow]

BONDS at support but under 30yr resistance line.

Euro and Silver is showing strength.....(aka risk on)..
If bonds break the support, I can see Euro and Silver rallying higher....but for now I am just watching the tape...

As bonds can hold support, rally back above the 30yr resistance line.....

Commodities are signaling inflation...lets see if the bond market will give up and let rates rise....

[BullBear52x]

VIX or fear factor has had enough this time eh? sadly for the dollar

[MrMiyagi]

[Al_Dente]

I’m not really joking on the Kardash sell signal
I equate it with the “Shoeshine Boy” theory
Which is NOT myth; it’s in the history books (Bernard Baruch, 1929)
So for me, Kardashian is the new Shoeshine Boy
we’ll see………..time will tell…….aapl's now trying to squeeze……..
IMHO kool-aid only………….

I think there is something to this being a topping signal. Last time gold had a good run my wife and I were out to dinner w/ my mom and she mentioned the price of gold and how strong it is and asked my thoughts on it. Almost to the day she topped the gold market.
This could be the ultimate "magazine cover" type sell signal. I'm following some slower moving MA's hoping we get a climax run before its done, but thats not to say this isn't a black cloud...Please lemmings just jump in and run this thing up and let me enjoy a move a la CSCO when it ran from 36 to 80 in 3/2000

Tutti Fruity:
aaaaaaaaa……….just curious……….what does your mom say now?...... u know……about anything


“Camelot…. I know it sounds a bit bizarre…but in Camelot… that’s how conditions are.”
http://www.youtube.com/watch?v=wzh6VKpB6qc