09/06/2012 Live Update

[Al_Dente]

12:40 ET fail high spy
12:55 ET fail high spy
SPY and TNA 5min on top of 20ma
TNA already gave back 40-ish cents; how much more are traders willing to give back before “uncle”
INTRADAY ONLY

[TraderGirl]

Resistance at 1430ish...

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uempel, you got any signals for tomorrow...we had 3 turn dates this week, Tues, Thurs, and now Friday...

TraderLady, I'll check. But there was a signal for today, but I missed it. And I admit - I did not expect this. I'll get back to you.

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Thanks

[uempel]

TraderLady, check tomorrow's opening

[Mr. T]

Bear too fat, can't move, soon to have coronary and die.

That's a picture is from four years ago.

A current picture would be a bear from Ethiopia = starved and malnourished to the point of death.

[Nrsimha]

Paging Myagi: I hope you did not decide to short Ford (symbol: F) for a BB readjustment.

I saw ur post after-hours last night and i was too late to comment.

Was going to say (I have posted this several times during the last coupla weeks or so) that I am (was) seeing
cup and handle formations everywhere --- today was confirmation for me; this looks like cup and handle
breakout for --- pick ur poison --- xle, spy, qqq, iwm, etc...


As I have been saying, the 10 week's have been crossing the 20 week's on a lot of chart that is one of the signals I trade
long term by .

[MrMiyagi]

uempel

What's your system of oval thingyjigs called?

[MrMiyagi]

Paging Myagi: I hope you did not decide to short Ford (symbol: F) for a BB readjustment.

No I did not but looks more shortable now! It was posted just as an observation....

[Petsamo]

It looks like they're trying to do a sell off

[Al_Dente]

very interesing not many stops taken out at 20ma a bit bullish at the mom

[737controller]

anyone have any stats when you look at the SPY daily and how far it is pushing out of the BB Bands and any kind of pullback?

[rc1269]

hlv906.png

'Under strict conditionality'. Does anyone know what this means? What are the conditions who sets them?

gotta read details at ZH...germany Austria and the Netherlands will not go fo this, its bluffing again by goldmanite printer-I Am Not To Say that markets won't rally into election....watch german court decision coming Sept 12

bigger picture, discretionary not buying into new highs yet, healthcare a bit strong for a "risk-ON!" market Tran still says NO Rally!...GL

folks, c'mon. you've got to be kidding me.

every bear out there just keeps saying, "but what about... but what about...". Germany, Austria and Netherlands won't go for this? The German consitutional court will vote it down! really, we know all this? That's really curious, especially since Merkel actually endorsed the bulk of this last deal. folks need to read more than just the stuff on ZH.

as a fun place for witty and counter-mainstream info, ZH has been great. as a place to gleen anything about market direction, it has failed miserably. they have correctly predicted 1,400 of the last 3 market selloffs. please, if you care about your money, don't invest based on what Tyler and the rest of his disgruntled ex-Goldman team toss up there. it's good info, don't get me wrong, it just won't help you make money on its own. they only tell one side of the story. and you better know both.

the fact is, these ECB plans as well as the ESM have been building favor overseas for some time. will everybody love them? no. will there be a few dissenters along the way? yes. in the end, however, i believe the will of the majority will be done, and the majority wants a bailout.

there are too many moving parts to predict the outcome. that's why we rely on technicals. and technicals right now resoudingly point to more highs to come. MAs all point up, the SPX is hitting new highs, retail and institutional are all massively positioned the wrong way for a rally. ZH is telling you one thing, but the market is telling you something else.

[Al_Dente]

cobra can you post your amazon link . I need to buy some books . please thanks

Thanks, but Amazon closed my store saying I violated the rule because I allowed "commercial or personal" use, don't understand what happened, perhaps due to some members bought multiple same thing, say, 100 kindles at the same time, so it's dimmed as commercial use. Anyway, don't want to do business with them anymore.

May I suggest to join Barnes and Noble affiliate program instead?
http://affiliates.barnesandnoble.com/

PAGING COBRA DID U SEE THIS ONE
GREAT idea quientuves

[Cobra]

H2 long on 1st touch of EMA20.

[TraderGirl]

TraderLady, check tomorrow's opening

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Thanks!

[Nrsimha]

Paging Myagi: I hope you did not decide to short Ford (symbol: F) for a BB readjustment.

No I did not but looks more shortable now! It was posted just as an observation....

Just sayin' Sensei ---- the daily chart is starting to look like a cup and handle breakout.

[TraderGirl]

Paging Myagi: I hope you did not decide to short Ford (symbol: F) for a BB readjustment.

No I did not but looks more shortable now! It was posted just as an observation....

Just sayin' Sensei ---- the daily chart is starting to look like a cup and handle breakout.

I think it's coming up on some serious resistance....soon will be a good place for a short and tight stop...

[uempel]

uempel

What's your system of oval thingyjigs called?

In geometry they are called ellipses

[Cobra]

we may have a bigger ascending triangle now.

[MrMiyagi]

Thanks TG!

[Cobra]

cobra can you post your amazon link . I need to buy some books . please thanks

Thanks, but Amazon closed my store saying I violated the rule because I allowed "commercial or personal" use, don't understand what happened, perhaps due to some members bought multiple same thing, say, 100 kindles at the same time, so it's dimmed as commercial use. Anyway, don't want to do business with them anymore.

May I suggest to join Barnes and Noble affiliate program instead?

http://affiliates.barnesandnoble.com/

Thanks, I'll have a look.