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Re: 09/28/2012 Live Update
Posted: Fri Sep 28, 2012 11:19 am
by Cobra
the consolidation favors bears a little.
Re: 09/28/2012 Live Update
Posted: Fri Sep 28, 2012 11:21 am
by noob
stucap wrote:
CL and HG are both green. CL holding support at 91.60 and challenging resi at 92.00. HG broke out of bull flag yesterday and made successful retest of broken flag overnight. Both CL and HG did not confirm the second low on the SPX/ES. Furthermore, they are both holding very stubborn choosing to fight resistance every chance they get rather than test support. I find that HG/CL generally lead rather than follow and they are saying buy (for now).
Ok makes sense, but look like Euro, paints quite a different picture.
Re: 09/28/2012 Live Update
Posted: Fri Sep 28, 2012 11:22 am
by BullBear52x
no go for bulls, watch the break down.
Re: 09/28/2012 Live Update
Posted: Fri Sep 28, 2012 11:28 am
by Petsamo
BullBear52x wrote:no go for bulls, watch the break down.
We have to respond to what Europe is doing. I think we break down
Re: 09/28/2012 Live Update
Posted: Fri Sep 28, 2012 11:29 am
by KENA
ClarkW wrote:Kena and Dr. Al: Thoughts on CORN. Did it break your dome this morning?
Al_Dente has the chart..Have not seen him here as yet.
Re: 09/28/2012 Live Update
Posted: Fri Sep 28, 2012 11:29 am
by stucap
ClarkW wrote:Kena and Dr. Al: Thoughts on CORN. Did it break your dome this morning?
Bounced off of 100 sma. Take a look at Fibs for a potential short.
Re: 09/28/2012 Live Update
Posted: Fri Sep 28, 2012 11:29 am
by stucap
noob wrote:stucap wrote:
CL and HG are both green. CL holding support at 91.60 and challenging resi at 92.00. HG broke out of bull flag yesterday and made successful retest of broken flag overnight. Both CL and HG did not confirm the second low on the SPX/ES. Furthermore, they are both holding very stubborn choosing to fight resistance every chance they get rather than test support. I find that HG/CL generally lead rather than follow and they are saying buy (for now).
Ok makes sense, but look like Euro, paints quite a different picture.
Which is odd because Copper is traded most heavily in London.
Re: 09/28/2012 Live Update
Posted: Fri Sep 28, 2012 11:30 am
by Al_Dente
ClarkW wrote:Kena and Dr. Al: Thoughts on CORN. Did it break your dome this morning?
Nice bounce
ps belated thanks for lumber this wknd
Re: 09/28/2012 Live Update
Posted: Fri Sep 28, 2012 11:33 am
by noob
Triangle breakdown then retest?
Re: 09/28/2012 Live Update
Posted: Fri Sep 28, 2012 11:34 am
by Mario TR
Dollar is the key... dollar at resistance
- DXY - 1 hour
Re: 09/28/2012 Live Update
Posted: Fri Sep 28, 2012 11:37 am
by Cobra
kind like descending triangle, so still favors bear a little.
Re: 09/28/2012 Live Update
Posted: Fri Sep 28, 2012 11:37 am
by KENA
Al_Dente wrote:ClarkW wrote:Kena and Dr. Al: Thoughts on CORN. Did it break your dome this morning?
Nice bounce
ps belated thanks for lumber this wknd
928corn.png
Gm Al_D..It looks like the dome is still in unless it keeps going up..Good chart thanks..Ps I don't trade corn but it is good to see the charts.
Re: 09/28/2012 Live Update
Posted: Fri Sep 28, 2012 11:38 am
by Cobra
volume surge, so may see rebound first though.
Re: 09/28/2012 Live Update
Posted: Fri Sep 28, 2012 11:40 am
by Al_Dente
KENA wrote:Al_Dente wrote:ClarkW wrote:Kena and Dr. Al: Thoughts on CORN. Did it break your dome this morning?
Nice bounce.....ps belated thanks for lumber ...
Gm Al_D..It looks like the dome is still in unless it keeps going up..Good chart thanks..Ps I don't trade corn but it is good to see the charts.
Busy today. I must serve the motherland.
Re: 09/28/2012 Live Update
Posted: Fri Sep 28, 2012 11:44 am
by shaca
small final crash in the french stock market and eurostoxx future
Re: 09/28/2012 Live Update
Posted: Fri Sep 28, 2012 11:50 am
by Me XMan
Breaking up over $143.80 and I'm staying put.
Cobra wrote:volume surge, so may see rebound first though.
Re: 09/28/2012 Live Update
Posted: Fri Sep 28, 2012 11:50 am
by Al_Dente
Re: 09/28/2012 Live Update
Posted: Fri Sep 28, 2012 11:50 am
by Me XMan
Looking like money moving from Europe to US.
shaca wrote:small final crash in the french stock market and eurostoxx future
Re: 09/28/2012 Live Update
Posted: Fri Sep 28, 2012 11:54 am
by Cobra
volume surge, this time means pullback. key time, let's see if bulls can make a double bottom here.
Re: 09/28/2012 Live Update
Posted: Fri Sep 28, 2012 11:59 am
by Cobra
more and more like double bottom now.
