09/06/2012 Live Update

[TradingJackal]

Jackal - we on the same page!!!

Hahahahah!

Where's Chaz??? Some HFT info would've been really cool.

I can imagine that poor button stuck to the underside of Mr. Miyagi's slippers. Each time he took a step, liquidity was injected into the market. Dang! those bears never knew what hit them. I believe he has been sitting on the couch for the last couple of hours which gave them bears a breather. When he gets up now to look for it, you will see fresh liquidity injected as he walks around the house for it

[Cobra]

still is rectangle as continuation pattern therefore bullish biased.

[TraderGirl]

What happened to oil today, couldn't hold its gains....I would think the Euro would be up more too...

[MrMiyagi]

[TradingJackal]

Jackal - we on the same page!!!

Hahahahah!

Where's Chaz??? Some HFT info would've been really cool.

Here is the guy you want to subscribe to http://stocktwits.com/HFTAlert He made the HFTAlert software (or at least I think he did). He does let out a few teasers once in a while.

Have you used his HFT programs he offers?

No, I haven't. I just look for the gist in his messages. He does seem to be able to read his software well. However, I don't think I would be able to make any use of it. I play for chump change.

[TraderGirl]

FXE coming up on strong resistance....

[Cobra]

testing day high, key time, more likely to breakout.

[TraderGirl]

Maybe we get a pullback tomorrow for wave 4..??

[Al_Dente]

12:40 ET fail high spy
12:55 ET fail high spy
1:55 ET fail high spy
3:00 fail (exact doub top)

[TradingJackal]

We are 3=250 fib of 1 (from 9/4 low). The next target up is 3=262 fib of 1 at 1432. Since 2 was deep retrace, 4 should be shallow. I would say 1423-4 for 4. Most likely afterhours. Of course, we could extend right here and go to moon (more likely).

[Cobra]

rejected at high. i don't like these bear bars but as long as the green line below held, bulls are good.

[TraderGirl]

Got that bounce in FB that I had expected.....

[stucap]

12:40 ET fail high spy
12:55 ET fail high spy
1:55 ET fail high spy
3:00 fail (exact doub top)

Al, remember bulls get as many tries at resistance as they want. Bears are lucky if they get one crack at support during open market hours.

[Al_Dente]

12:40 ET fail high spy
12:55 ET fail high spy
1:55 ET fail high spy
3:00 fail (exact doub top)

Al, remember bulls get as many tries at resistance as they want. Bears are lucky if they get one crack at support during open market hours.

what a GREAT day stu

[Cobra]

range low, key time.

[Al_Dente]

PROFESSOR.... BUTTON.... LATE
dickin’ around with all those p-bars

[TradingJackal]

Unfortunately, yes! If you look at when Ben announced QE2, you will see a big candle like this and a relentless move hugging the upper BB move for many days (Sept 2010?). There are quite a few other examples. These 2% days kick start a bull that lasts for while. However, the coming days will be small moves, all up, while distribution is going on.

[MrMiyagi]

Unfortunately, yes! If you look at when Ben announced QE2, you will see a big candle like this and a relentless move hugging the upper BB move for many days (Sept 2010?). There are quite a few other examples. These 2% days kick start a bull that lasts for while. However, the coming days will be small moves, all up, while distribution is going on.

You are probably right... that is why the buttons are in for refurbishment..

[TraderGirl]

TNA hitting a resistance area....next one in 64-65 area, hopefully no new high.....

[Cobra]

break down. target I'm not sure. I cannot believe we'll have a weak close today.