09/12/2012 Live Update

[KeiZai]

Why is cotton selling off?

same corn, actually all commodities...virtual QE is the answer?

yes, now you see why I look at DBA for all the infaltionary/deflationary. the lazy man's gauge.

I am stealing your know-how

[Al_Dente]

aapl hi on day

[Me XMan]

Stealing from ZH:

[ClarkW]

Sentiment from sentimentrader.com for US Dollar, Gold and Silver. I'm not a subscriber, info found on caracommunity.com which is a decent site on metals.

[Al_Dente]

mmmmmm ………… what stands out on my ol’ 5 min

[happychen]

where is Cobra?

[MrMiyagi]

where is Cobra?

Lunch.

[Cobra]

support. I'm neutral. the pattern is not strong for bulls.

[TraderGirl]

FB...are we in wave 4?

Looks like we completed wave iii or c of potentially wave 4...should see a pullback here, then if they get another high with neg d, I will assume wave 4 could be complete....

[KeiZai]

Thanks guys and gals, see you tomorrow


One for the road...long term euro chart

[joe-gamma]

Stealing from ZH:

thanks for the ZH chart Xman, looks like time to sell a bunch of wide strangles and go away until jan?

trans not turning yet so no bull confirm, possible strength in smalls relative to tech?...

just feels like TOO MANY expect rally then selloff...

[Petsamo]

I placed a small bet on CIG at 12.335, 65 shares only. I can sell today if I want to

Looks like an ending diagonal almost complete, pos d on RSI so far for a bounce....

Thanks. Something looked interesting on the 5 year chart. The dip on 2008 matches the current dip. Maybe history will repeat itself.

[Cobra]

my wild-est-est-est guess.

[Cobra]

again aapl, you don't want to see consolidation here: http://stockcharts.com/public/1684859/c ... /260183775; remember I update chart almost everyday, so drop by whenever you have time.

[joe-gamma]

momentum for small and midcaps is bullish, here is 6hr bar of midcap future, says buy the dips, 10hr bars momentum about to cross up late today or overnight (unless we plunge )

midcap912.png (9.4 KiB) Viewed 3264 times

[TraderGirl]

I placed a small bet on CIG at 12.335, 65 shares only. I can sell today if I want to

Looks like an ending diagonal almost complete, pos d on RSI so far for a bounce....

Thanks. Something looked interesting on the 5 year chart. The dip on 2008 matches the current dip. Maybe history will repeat itself.

I think there is more down after a bounce....I think we could be topping out possibly crest in Sept, then again in Jan '13...double top for market??

[Al_Dente]

I need an app for understanding what they’re talking about
Folks seem to like the new iTunes thingie cloudy

[joe-gamma]

mmmmmm ………… what stands out on my ol’ 5 min

912five.png

nice bullish divergence, and a whole 7 bars above vwap

[Petsamo]

I think there is more down after a bounce....I think we could be topping out possibly crest in Sept, then again in Jan '13...double top for market??

I assume you're referring to SPY ? If so, I think the elections are very important. If Obama wins re-election, it'll be a magnificent once in a lifetime shorting opportunity. If Romney wins, it'll take a while to determine whether or not his policies are effective. I believe fundamentals are what determine where the SPY should be.

In the meantime, I think KOL (coal) is a sure bet to go long on.

[fehro]

red trendline again?