08/31/2012 Live Update

[uempel]

Historically “they” love 2 do CRAZY things (either and both ways) in the last half-hour Friday before long weekend, once everyone starts leaving work early, like now……

Yeah, I'm leaving now. Enjoy your weekend guys

Bye uempel!! Have a great weekend!

Thank you TraderLady, you too! Tuesday's going to be quite interesting

[Xian]

Cobra,

Do you have any relevant stats for week following Labor Day?

Thanks in advance

Check Cobra's home page. It shows green Friday (big) followed by 3 small red days then green. That covers next week.

Thanks!

[Al_Dente]

TLT booming. Outperforming equities by 2x at the moment.

ooooops
http://www.zerohedge.com/news/how-lose- ... ppointment

[Ed02]

bouncing from triangle lower boundary but I'm neutral here.

Cobra, any comment on the volume today and its possible relationship with the short-term direction? Thx.

[Cobra]

consolidation here is a little bearish biased though.

[nightlyhawk]

This trading system is not perfect, but it is showing a bullish setup for early next week.

[fehro]

trendlines.... break 1400 look for 1385, then 1375... break 1412 look for 1427.

[Cobra]

hmm, wrong again, what a day, now triangle top boundary.

[Petsamo]

The Nikkei, Hang Seng, & India will decide over the long weekend whether or not we bust resistance and rise. My spreadsheet's predicting a gap up Tuesday.

[Cobra]

target, but only 4 min left now.

[Cobra]

well, guess that's it for day. the price is in a range, so guess we'll have to see the next Tuesday. usually the day after labor day is very bullish though and it's also the 1st trading day of the month so bullish as well. thank you guys, I'll see you tomorrow. Oh, don't forget to vote for me, thanks. http://stockcharts.com/public/1684859/tenpp

[Mr. BachNut]

This trading system is not perfect, but it is showing a bullish setup for early next week.

If anyone here comes across a perfect trading system, please let me know.
Thanks.



P.S. Cobra, Al D., BullBear, Uempel, Petsamo, Trading Jackal and all the other regulars might like to know too.

[TraderGirl]

Looking at the past many years I can see that there are similarities for Aug and Sept:

If Aug is down, then Sept is usually up...

If Aug is up, then Sept is down...

The crest in Sept is usually somewhere around mid-month, and then down in to end of month or into October...

Very freaky is a chart I found for 1999, it has most of the upcoming turn dates and directions I have....although the next turn after Oct 8 is Nov 1....

[Al_Dente]

THANKS COBRA and all boarders
happy weekend all

[TradingJackal]

Wow! Did anyone see the last minute candle!!

[Mr. BachNut]

Wow. 5 mln share dump on SPY in last minute.

[jdow]

Wow! Did anyone see the last minute candle!!

Yes, IWM went from 81.30 to 81.05 in less than 30 seconds.

[Mr. BachNut]

This trading system is not perfect, but it is showing a bullish setup for early next week.

If anyone here comes across a perfect trading system, please let me know.
Thanks.



P.S. Cobra, Al D., BullBear, Uempel, Petsamo, Trading Jackal and all the other regulars might like to know too.

P.P.S. Nice chart NightlyHawk.

[EvilTrader]

Evil market.

Shorts will probably be murdered with a gap up tuesday.

Im flat SPY, but long some emerging markets stocks that were beaten to death lately.

Good weekend all.

[jdow]

Evil market.

Shorts will probably be murdered with a gap up tuesday.

Im flat SPY, but long some emerging markets stocks that were beaten to death lately.

Good weekend all.

Huge P-bars down ( spy down to $140.50)... need to fix my charting to post, oh well. I'm flat, made some $$$ on IWM swinging this week although I missed most of today. Enjoy Monday off !