09/20/2012 Live Update

[Petsamo]

Anyone buying the NSC dip ?

[joe-gamma]

more than swing time....VTI was totally overblown at highs...notice volume and PPO from 233 ma and 34 ma...playing with shorter time fram bol's w 2.25 sd...

[BullBear52x]

I am taking time off, Thanks Cobra.

TA note: I see anther top signs from this board today.

[joe-gamma]

like Miyagi sensei said, Tran should be about done to downside-check BOL-look to buy dbl bottom tomorrow in trans IYT? ....SO does the rest of indices now play catch-down?

GL all boardies and THANKS for keeping redstate-bluestate out of the conversation.....

[MrMiyagi]

Japan; QE8?

[TradingJackal]

Hmmm... there may be one more high for the 'C' Ending Diagonal to finish (if this is the script).

[MrMiyagi]

[joe-gamma]

Sensei-is that your "Tagger In Training"?

[SB73]

anybody on the board want to throw a little analysis on CORN. I am effectively positionless with a light long SPY.

[Cobra]

target still possible.

[joe-gamma]

looks like a decision is coming soon...these ratios from Footmouth Larew...normal world would say almost ready to BUY (and I chased my itm puts until they became OTM

but
trans-3% with dow+ is not normal...GL

please vote for our KingSnakehttp://stockcharts.com/public/1684859/tenpp/2

[MrMiyagi]

Sensei-is that your "Tagger In Training"?

Gotta keep it fresh

[OverUnder]

From the FT (excerpt) JUST OUT
September 20, 2012 7:26 pm
EU in talks over Spanish rescue plan
By Peter Spiegel in Brussels and Miles Johnson in Madrid

EU authorities are working behind the scenes to pave the way for a new Spanish rescue programme and unlimited bond buying by the European Central Bank, by helping Madrid craft an economic reform programme that will be unveiled next week.
According to officials involved in the discussions, talks between the Spanish government and the European Commission are focusing on measures that would be demanded by international lenders as part of a new rescue programme, ensuring they are in place before a bailout is formally requested.
One senior European official said negotiations have been conducted directly with Luis de Guindos, the Spanish finance minister. The plan, due to be unveiled next Thursday, will focus on structural reforms to the Spanish economy long requested by Brussels, rather than new taxes and spending cuts.

“It is a kind of ‘proto-programme,’ if such were needed,” the official said. The commission could, however, still request more austerity measures next month to meet existing EU budget targets, which Madrid is expected to miss.

Pre-approval by Brussels for Thursday’s announcement is intended to ease the political quandary facing Mariano Rajoy, the Spanish prime minister. Mr Rajoy is reluctant to ask the eurozone’s €500bn rescue fund, the European Stability Mechanism, to begin purchases of Spanish sovereign bonds because he fears that EU monitors would demand tough conditions in return.

Pressure on Mr Rajoy mounted after Mario Draghi, European Central Bank president, announced this month that the central bank’s new bond-buying programme would only be triggered after governments request help from the ESM and agree to reform plans with eurozone lenders. Bond buying by both the ESM and ECB would lower Spanish borrowing costs, easing Madrid’s debt burden.

[Petsamo]

anybody on the board want to throw a little analysis on CORN. I am effectively positionless with a light long SPY.

IMO, CORN is speculative, like UNG. QE2 supposedly brought corn prices up. I think it was the drought that made corn prices rise this last time.

[TradingJackal]

Divergence on ES. 15 min. Points to downside action.

[Harapa]

PAGING HARAPA

... here is for scalping, NO hint of a buy here as well;need to see green appearing above pink

SCALP cool
Is that based on 13/43 ema cross of our regular 5min stuff?
thx

yes.

SCALP ON

[Al_Dente]

PAGE HARAP
would u look at that honey badger VXN
(did u get agree buy on our other standard one?)

[Harapa]

PAGE HARAP
would u look at that honey badger VXN
(did u get agree buy on our other standard one?)

920honeyb.png

WOW!

[TradingJackal]

Let's see if C will hold the tide. Gap close should be showtime.

[Xian]

flip flop.png

You must be bored.... Here's a little something to take your mind off the fact that 1/2 of America is made of losers and moochers:

http://www.youtube.com/watch?v=rUzRj7qdwSA