Page 7 of 12
Re: 07/10/2012 Live Update
Posted: Tue Jul 10, 2012 2:06 pm
by TraderGirl
NUGT nearing support on trend line and hourly TSI....
Re: 07/10/2012 Live Update
Posted: Tue Jul 10, 2012 2:08 pm
by Al_Dente
Ned Davis Research
Treasurys v Equities
“Time for Mean Reversion”
http://screencast.com/t/hGjFg29K35cg
[but this is more for INTERMEDIATE term, NOT intraday]
ps THANKS swayne99
Re: 07/10/2012 Live Update
Posted: Tue Jul 10, 2012 2:10 pm
by Petsamo
Someone mentioned DRYS. Anyone familiar with GNK ?
Re: 07/10/2012 Live Update
Posted: Tue Jul 10, 2012 2:13 pm
by fehro
might get a small bounce on the red trendline.. or not
Re: 07/10/2012 Live Update
Posted: Tue Jul 10, 2012 2:16 pm
by Petsamo
Looks like the several days' downleg will continue
Re: 07/10/2012 Live Update
Posted: Tue Jul 10, 2012 2:17 pm
by heavenskrow
broke support, nice.
Re: 07/10/2012 Live Update
Posted: Tue Jul 10, 2012 2:17 pm
by Cobra
very close to my init target now. you don't want to see 100% target if you're bull.
Re: 07/10/2012 Live Update
Posted: Tue Jul 10, 2012 2:19 pm
by heavenskrow
can the hourly VIX close above resistance?
Re: 07/10/2012 Live Update
Posted: Tue Jul 10, 2012 2:21 pm
by TraderGirl
VIX....
Re: 07/10/2012 Live Update
Posted: Tue Jul 10, 2012 2:23 pm
by Petsamo
Cobra wrote:very close to my init target now. you don't want to see 100% target if you're bull.
I think the bulls' balls have been busted about an hour ago
Re: 07/10/2012 Live Update
Posted: Tue Jul 10, 2012 2:25 pm
by TraderGirl
NUGT broke support, but not on TSI yet...
Re: 07/10/2012 Live Update
Posted: Tue Jul 10, 2012 2:26 pm
by ClarkW
At this pace, XLB will hit H&S target by the market close! (Don't believe this). This is my attempt at Uempel's eclipse, although I assume he has specifics for where the points are drawn. I just eye-balled it and made one that hit multiple points. Probably just a coincidence the major declined happened to be at the end.....
Still holding SMN but NOT A RECOMMENDATION.
Re: 07/10/2012 Live Update
Posted: Tue Jul 10, 2012 2:27 pm
by Cobra
too bad, rebound or no rebound, there might be another leg down.
Re: 07/10/2012 Live Update
Posted: Tue Jul 10, 2012 2:30 pm
by Cobra
volume surge, hopefully a rebound of some kind here, then as I said, GENERALLY, there'd be another leg down.
Re: 07/10/2012 Live Update
Posted: Tue Jul 10, 2012 2:32 pm
by Petsamo
If we finish at the lows, who's placing bets for a gap up ?
Re: 07/10/2012 Live Update
Posted: Tue Jul 10, 2012 2:34 pm
by Petsamo
I can't believe X is not down big
Re: 07/10/2012 Live Update
Posted: Tue Jul 10, 2012 2:37 pm
by ballatines
bearish engulfing? sud be the close?
Re: 07/10/2012 Live Update
Posted: Tue Jul 10, 2012 2:37 pm
by Mr. T
Petsamo wrote:If we finish at the lows, who's placing bets for a gap up ?
How about a bet on a gap down and a run for the doors?
Market is overvalued by at least 10%, and ZH has a story today about SPX 1200 is needed QE3.
If they really need 1200 for QE - they'll take it there. They HAVE to have their crack.
100 SPX points is nothing in the scheme of things, not to these guys.
Re: 07/10/2012 Live Update
Posted: Tue Jul 10, 2012 2:38 pm
by fehro
VIX daily coming up to downtrend line...
Re: 07/10/2012 Live Update
Posted: Tue Jul 10, 2012 2:40 pm
by OverUnder
I had heard earlier that the German supreme court was to making a ruling today, but further reading I have done since suggests it could easily take weeks. In case I posted about that here.