06/22/2012 Live Update

[Mr. T]

Crikey.....
Any ideas for Monday's direction? Anyone? Bueller?

I think bull trap and bear trap are forthcoming over the next two weeks.

Wild and volatile.

Going to take patience, and luck to win. After two weeks we'll have the true direction.

[Cobra]

ok, now it could be double bottom.

[rola]

Cobra, is VIX again out of Bollinger band?

[rola]

[Al_Dente]

Crikey.....
Any ideas for Monday's direction? Anyone? Bueller?

That depends on what happens in 23 min. So far, it's lookin bullish

I've got some NYAD MACD says it's pretty high and may turn down.. Although it is not impossible to go higher...

nice chart ninja

[Cobra]

double bottom target.

[MrMiyagi]

Cobra, is VIX again out of Bollinger band?

Nein.

[Al_Dente]

yes

[SB73]

38% fib retrace would like to short, but will pass with the weekend coming and an endless liquidity injection possiblity.

[Petsamo]

My SID is the only disappointment today. SID has nice fundamentals

[TraderGirl]

Where's TraderGirl at ? I'm curious to know what candlestick formation we would have if we finished at current levels

Did I hear someone call my name??

Interesting UVXY chart....TSI says it would be easy to bounce here on the UVXY...Energy charts say down over weekend, but then bounce hard Sunday or Monday but that could be the end of the move up, because we could get a swift move down beginning of next week...will wait for more info over weekend...

[Cobra]

well, guess that's it for today. I've already mentioned what I think on a little bit bigger picture, so no repeat here. thank you guys. I'll see you the next Monday.

[Al_Dente]

THANK YOU KING COBRA and all boardies
Cobra: next week will be MUCH better; you’ll see.
http://www.youtube.com/watch?v=Ob6RRcw3V3A

[Petsamo]

1.18 million last sell on IWM

[MrMiyagi]

Oh well.. bought TZA at 19.99$. Sold TZA 24 calls against to go with them.

[xfradnex]

My “Bottom Finder” (top panel) volume indicates we are at or near a temporary bottom zone
…. But if selling volume picks up here ………. that fancy-schmantzy indicator will turn into a blue fail…..
FWIW
At the moment I think TLT is a better signaler (folks r selling all those bonds? 5min intraday only)

622bottom.png

Get any A$$ with this thing.

[xfradnex]

daily Elders. UNG still moving up.

[SWalsh]

Lunch sounds good....

There’s a new guy/gal on board: welcome whitedog
King Cobra will surely welcome u personally after he gets some nourishment
Here’s a Sinatra classic just 4 u … http://www.youtube.com/watch?v=rmf1AYgYj6I

You never welcomed me!

[SWalsh]

SPX: A 3-wave pattern is not expected to issue a trend reversal status

There is a good chance you ended the up wave in the wrong location which is causing difficulty. Plus, if we are really in the 3rd year of a 6-8 year correction you will see massive moves consisting of ZigZags.

Just sayin

[SWalsh]

so when do traders remember that it's friday and press the "oh sh!t i don't want to be long over the weekend" sell button?

Apparently that started around 4:08.