06/01/2012 Live Update

[Cobra]

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Big gap down below yesterday's low so the gap might not be filled, not sure, as NFP day typical pattern is open low go higher or open high go lower.

I think at least Global ES has fulfilled my call for "break below 05/18 lows eventually". Now we need see whether this breakout could hold. Given the fact this down leg still is strong, so NORMALLY the very first rebound would fail.

[Cobra]

For DAX, I think you're warned enough: "Consolidating below the neckline only makes the H&S Top as real as it gets".

[CarlosDK]

Cobra

What is your view on XHB daily chart? Could it also be a top hs pattern?

[Tutti]

Morning Cobra - I've been following you for awhile, but seldom post. Just wanted to say I really enjoy your work & this board. So, thanks & continued good trading.

[Cobra]

Morning Cobra - I've been following you for awhile, but seldom post. Just wanted to say I really enjoy your work & this board. So, thanks & continued good trading.

Thanks.

[KeiZai]

Good morning vietnaaaam

if anyone is following my BMW trade - here is update ladies and gentlemen

Old picture

update

Euro is fighting hard to hold 2008 lows

DAXy boy gave a goodbey kiss and hello trendline

PS: BB WHAT A CALL YESTERDAY BIG BOSS U ARE!! (TVIX)

[Cobra]

Cobra

What is your view on XHB daily chart? Could it also be a top hs pattern?

Looks like so but before breaking below the neckline, it's still an imaginary H&S Top, not real.

[CarlosDK]

What is your view on $NYA weekly chart pattern?? Bullish or bearish or any patterns ?

[Cobra]

What is your view on $NYA weekly chart pattern?? Bullish or bearish or any patterns ?

It's the same long-term evil plan I gave in the last night's report, only it's worse, much worse.

[KeiZai]

Gold squeeze fired aka Q3 hopes

[Cobra]

the open.

[KeiZai]

BB...Crude oil 82.5 met, your magic price?

[EvilTrader]

It may seem ridiculous to say, but....

Won´t be surprised if we close in green or small red today, on renewed QE hopes.

[Richarab]

gold is certainly front running EASING - the markets are complete crack babies - addicted to EASING, the front run the IDEA of EASING. totally unnhealthy... just like my cousin Mo' - a shabu shabu junky.. real sad ...

Cobra - you see gold moving much higher than this initial pop?

[Cobra]

aapl too bad, it's just a rising wedge or n push up, not ascending triangle. http://stockcharts.com/public/1684859/c ... /260183775;

[Cobra]

a little too stretched on the downside, so a rebound or consolidation here is needed.

[EvilTrader]

gold is certainly front running EASING - the markets are complete crack babies - addicted to EASING, the front run the IDEA of EASING. totally unnhealthy... just like my cousin Mo' - a shabu shabu junky.. real sad ...

Cobra - you see gold moving much higher than this initial pop?

LoL you are right.

Its all about expectations and helicopter Ben...no helicopter Draghi as well...


Longer term...very unhealthy.

[Cobra]

gold is certainly front running EASING - the markets are complete crack babies - addicted to EASING, the front run the IDEA of EASING. totally unnhealthy... just like my cousin Mo' - a shabu shabu junky.. real sad ...

Cobra - you see gold moving much higher than this initial pop?

gold could be triple bottom. http://stockcharts.com/public/1684859/c ... /124844123;

[KeiZai]

Gap filled and shorted

[TraderJoe]

They are piling into PM and mining stocks.