06/04/2012 Live Update

Post by **Cobra** » Mon Jun 04, 2012 9:00 am

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Flat open, so any gap will be filled.

The Global ES looks like a Bear Flag to me (well, so far), so GENERALLY this rebound shall fail eventually, the overnight low is likely to be revisited.

KeiZai · Post by **KeiZai** » Mon Jun 04, 2012 9:03 am

GM COBRA & others boardies

Gold looks to me like in bull flag, no breakout yet but IF target is 1700

Post by **Cobra** » Mon Jun 04, 2012 9:12 am

DAX almost hit the H&S Top target. I consider it's fulfilled. The reversal bar today looks "hopeful" but I'll need see the next bar.

KeiZai · Post by **KeiZai** » Mon Jun 04, 2012 9:13 am

EURO correction under way (dollar shooting star confirmed)

Al_Dente · Post by **Al_Dente** » Mon Jun 04, 2012 9:16 am

KeiZai wrote:GM COBRA & others boardies...Gold looks to me like in bull flag, no breakout yet but IF target is 1700

Kiki:
Just in case u missed Rosie’s latest:
http://www.zerohedge.com/news/presentin ... -chartbook
“….we all must make every effort to get out of our traditional ‘comfort zone’. We have to constantly think outside the box, be willing to be patient to ensure the lows have been turned in and that there is really no shame in taking profits early in this massive roller-coaster ride of a market. Financial success in today’s world means being nimble but not being trapped into ‘time the market’ psychology either — it really means being involved in the 60% of the middle…prevailing price ranges must be respected until they are pierced decisively and on high volumes... the range of possible outcomes… are as wide as they have been in seven decades….”

I’m gone 4 today
GL 2 all.................

Richarab · Post by **Richarab** » Mon Jun 04, 2012 9:23 am

Gold GC futures - what's your take cobra ? Consolidate ? Wedge here?

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Petsamo · Post by **Petsamo** » Mon Jun 04, 2012 9:31 am

WOW! My Spain is +4% ! I can't sell till tomorrow

Post by **Cobra** » Mon Jun 04, 2012 9:31 am

the open.

Post by **Cobra** » Mon Jun 04, 2012 9:32 am

Richarab wrote:Gold GC futures - what's your take cobra ? Consolidate ? Wedge here?

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I am here: http://tapatalk.com/map.php?utzyzp

consolidation

KeiZai · Post by **KeiZai** » Mon Jun 04, 2012 9:43 am

SWalsh · Post by **SWalsh** » Mon Jun 04, 2012 9:54 am

Al_Dente wrote: I’m gone 4 today
GL 2 all.................

Why not do a little light reading as you have been confused as to program trading and that it can be beneficial?

"Finally! Academic proof that quote stuffing exists & is harmful to everyone, even #HFT"
http://papers.ssrn.com/sol3/papers.cfm? ... id=2066839

KeiZai · Post by **KeiZai** » Mon Jun 04, 2012 9:56 am

Waiting patiently for my next setup in ford

KENA · Post by **KENA** » Mon Jun 04, 2012 9:59 am

This is something to watch the "institutional Buying and Selling" has now developed a Pos. Div.This can hang in there for a few days but should be watched to see is it decreasing or increasing.(chart by stocktiming)

Petsamo · Post by **Petsamo** » Mon Jun 04, 2012 10:00 am

Factory orders are lower than expected

Post by **Cobra** » Mon Jun 04, 2012 10:02 am

the selling is still strong, so at least it should be 2 legged.

louie · Post by **louie** » Mon Jun 04, 2012 10:03 am

SWalsh wrote:
Al_Dente wrote: I’m gone 4 today
GL 2 all.................
Why not do a little light reading as you have been confused as to program trading and that it can be beneficial?

"Finally! Academic proof that quote stuffing exists & is harmful to everyone, even #HFT"
http://papers.ssrn.com/sol3/papers.cfm? ... id=2066839

Shortly after the open they started hitting IWM to the downside - but that direction can change in a heartbeat!

Post by **Cobra** » Mon Jun 04, 2012 10:07 am

aapl target reached. http://stockcharts.com/public/1684859/c ... /260183775;

nicha · Post by **nicha** » Mon Jun 04, 2012 10:09 am

What now for AAPL?

Post by **Cobra** » Mon Jun 04, 2012 10:09 am

again, the very 1st rebound shall fail, bulls don't fight.

Post by **Cobra** » Mon Jun 04, 2012 10:10 am

nicha wrote:What now for AAPL?

maintain the normal pattern shown on the chart.

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