05/29/2012 Live Update

[BullBear52x]

I'm waiting patiently, no, I'm trying to wait patiently...

[TraderGirl]

Euro via FXE looks in trouble to me...
Sitting under critical support....
TSI sitting right at support on the Weekly, needs a quick turnaround here, or down we go....IMHO...

[Cobra]

I'm neutral, now the bear flag simply is too large to be a flag.

[MrMiyagi]

POWER HOUR! Do we push the button?

[snakehead]

POWER HOUR! Do we push the button?

Did Michelle ever return those shoes?

[Al_Dente]

For the bulls:
Housing charts have been basing for almost 4 years since the real estate crash. The Home Construction Index is now trying to break out at resistence,
while the Housing Index is double topping at resistance.
A sustained breakout would be very good for the bulls longer term.
(In retrospect, see how the housing bubble popped more than a year before SPX topped)
[Case Schiller this morning:
month/month actual 0.1%, on estimate of 0.3%
y/y actual -2.6%, on est -2.7%]

For the bears:
See how the indices perform when the MAs stay below 50, and the Bullish Percents stay below 80 (red boxes).

In 2000, Dylan won an Academy Award for this song:
http://www.youtube.com/watch?v=L9EKqQWP ... ure=relmfu

[Mr. T]

POWER HOUR! Do we push the button?

Which button? The eject button?

[BullBear52x]

Who is buying dollar (UUP)? raise your hand....
TA note: CCI = 200 is extreme, well, here I use long date CCI of 144 and guess what? too stretch here IMHO
Another favorite chart pattern, double top anyone?
commodity guys probably praying like crazy right now

doggi.jpg (3.5 KiB) Viewed 4314 times

[MrMiyagi]

POWER HOUR! Do we push the button?

Which button? The eject button?

No Mr T! This one!

And I think Michelle's shoes are beyond returnable now.

[SigmaEcho]

I'm neutral, now the bear flag simply is too large to be a flag.

eom dressing (better than worse at least)? bonus time $

[TraderGirl]

Stochastics acting funny....

[KeiZai]

Dax in the triangle and bear flag?

[snakehead]

POWER HOUR! Do we push the button?

Which button? The eject button?

No Mr T! This one!

And I think Michelle's shoes are beyond returnable now.

Jump to 0:57

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

[KeiZai]

Euro fractal chart "borrowed" from izz@ mate

[Mr. T]

POWER HOUR! Do we push the button?

Which button? The eject button?

No Mr T! This one!

And I think Michelle's shoes are beyond returnable now.

I hit a button big red button, but it wasn't labeled - and I don't know what it does........

[Al_Dente]

squeeze XIV will SPY follow?

[Petsamo]

I'm neutral, now the bear flag simply is too large to be a flag.

Bear flag is visible on the SPY daily

[snakehead]

Euro fractal chart "borrowed" from izz@ mate

So, you are predicting a (short-lived) 'snap-back' rally in the EUR/USD?

[fulkdaddy]

squeeze XIV will SPY follow?

Al, what does XIV tell us and how do you use it for market timing?
Thank you,
David

[Cobra]

channel top, seems we'll have a strong close today.