08/22/2012 Live Update

[67Chevy]

Seriously though, I'm neutral. Waiting to see how the bounce off this trendline plays out.

If we breakout below and retest the trendline, I will get short rapidly.

Well, according to my rendering, we just dipped a toe below.

That's what I'm seeing. And I use linear, not logarithmic on my charts.

[MrMiyagi]

Waiting for the Bernank.

[fehro]

breakdown? or just a little head fake?

[heavenskrow]

5min

[six9ine]

Here's the outlook...

[Mr. T]

Waiting for the Bernank.

Kind of makes sense - they always try and front run "Big Ben" talking.

Why can't he front run congress and start an open audit on his own? That would be an awesome Jackson Hole.

[Al_Dente]

breakdown? or just a little head fake?

Fehro that big red aroon spike says breakDOWN
When did that show up?

[MrMiyagi]

Feels like the bottom is in.

[Al_Dente]

Is anyone playing DUST ?...Why don’t “you people” tell me about this stuff?

Posted a couple of charts yesterday....daily and hourly...Edit: There is also a potential turn on the 24th for Silver....

Thanks boss, when I said “you people” of course I did not mean you
And I was just looking at today’s intraday counter-trend quicky squeeze, which I missed, and blabla…
thanks for yr dust and all yr other charts, luv u

[Mr. T]

Everyone just holding on for Ben.

Be better if the market had a pause button - at least then people couldn't get on edge....... just say "market will reopen 10min after Ben talks"..... then the news leaks wouldn't matter either.

[ZimZeb]

Suppose I should have also posted this here,
viewtopic.php?f=9&t=649

[CognitiveDissonance]

I don't know what the rules are on posting chart links. I'm not trying to 'gain traffic' on my pathetic stocktwits account, just shortening the workflow for posting charts. FWIW

Daily is beginning to turn down, already turned on 1 hour chart
http://stks.co/c98u
http://stks.co/c98s

[Cobra]

consolidation here generally is not good for bulls.

[fehro]

breakdown? or just a little head fake?

Fehro that big red aroon spike says breakDOWN
When did that show up?

yup especially a cross over green over 70. This morning second bar if not first

[BullBear52x]

here we are

[Petsamo]

Anyone familiar with MRVL ?

[TradingJackal]

I say we drop big today. 20 handles or so from where we are at. And we keep dropping for the next few days with each day's bar bigger and badder and redder than the previous.

[BullBear52x]

And here, it's fair to say that we will head lower.

[CognitiveDissonance]

Anyone familiar with MRVL ?

No but @paulwoll had some targets on it

[victorm]

the 3rd possible target. again, not sure. I'm brainwashed that this market can only up, any bearish call is dimmed as crazy

and it's looks really bearish....