06/11/2012 Live Update

Post by **Cobra** » Mon Jun 11, 2012 9:06 am

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Gap up above Friday's high so the gap might not be filled.

The Global ES had an overnight excitement then perhaps the reality came in somewhere so ES pullback to the previous high which now is the support, the chart still looks not bad but, no more pullback allowed here otherwise it'd be clear overlapping therefore implying the lose of up momentum, so may the force be with bulls, let's see.

Post by **Cobra** » Mon Jun 11, 2012 9:07 am

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cougar · Post by **cougar** » Mon Jun 11, 2012 9:18 am

For the few who remember: sent order to sell PLX today into the news of getting 25 M from Pfizer

cougar · Post by **cougar** » Mon Jun 11, 2012 9:24 am

...but holding ALXN for a breakout...soon

Richarab · Post by **Richarab** » Mon Jun 11, 2012 9:27 am

Morning all
Looking fwd to trader paradise with wild swings all week into the watershed event of Greece elections
In thailand - I can watch euro 2012 and trade all evening (830pm here)

Post by **Cobra** » Mon Jun 11, 2012 9:33 am

the open.

dr659 · Post by **dr659** » Mon Jun 11, 2012 9:45 am

Rut Ro!

Claire · Post by **Claire** » Mon Jun 11, 2012 9:55 am

cobra -- 2 legs down or 2 legs up? what do you see here?

ronrico · Post by **ronrico** » Mon Jun 11, 2012 10:02 am

looks like getting back 1/2 way to hi of the year last nite took some wind out of it

TraderGirl · Post by **TraderGirl** » Mon Jun 11, 2012 10:03 am

My post over the weekend said that this rally could fade as early as Monday morning...spx couldn't even get over 1335...

Richarab · Post by **Richarab** » Mon Jun 11, 2012 10:09 am

TraderGirl wrote:My post over the weekend said that this rally could fade as early as Monday morning...spx couldn't even get over 1335...

chart speaking loudly right now
could that be my range that i so desire this week?
what i nice .. broad ... range...

Post by **Cobra** » Mon Jun 11, 2012 10:11 am

now it's officially overlapping, so not good looking.

Mr. T · Post by **Mr. T** » Mon Jun 11, 2012 10:25 am

We're never going up again.........

On the next bailout of 50 trillion, we'll get a 2 point SPX pop and fade that overnight to -600 SPX points.

I think Miyagai hit the turbo button, and didn't see that gasoline warning light was on.

Great going Pat Morita........ no wonder your back yard was full of new classic cars = when they ran out of gas, you parked them and bought a new car.
This is all your fault......

Mr. BachNut · Post by **Mr. BachNut** » Mon Jun 11, 2012 10:32 am

Partial Partial Long.
Last night's plus the opening trade looked like stop clearing.
The Spanish news is not being bought, perhaps as it was priced in last week.
I have a mildly overbought McClellan Oscillator after the open.
So, some kind of corrective action is due. Question is how far it goes.
The five day rising trend line seems to be getting broken as I write.

I got another buy signal Friday, but with some flaws.
Perhaps it is a bull trap, but my bias for now will be to add to long on a downdraft but not be aggressive.
It would be constructive to see a bull flag or consolidation pattern of some type take shape over the course of the week, but we'll just have to see how things unfold.

Post by **Cobra** » Mon Jun 11, 2012 10:32 am

this is a 2 legged pullback at least.

uempel · Post by **uempel** » Mon Jun 11, 2012 10:41 am

So far my bullish scenario ain't visible...

MrMiyagi · Post by **MrMiyagi** » Mon Jun 11, 2012 10:41 am

A lot of people with stunned "whuuuuu???" faces today.

Richarab · Post by **Richarab** » Mon Jun 11, 2012 10:42 am

Cobra wrote:this is a 2 legged pullback at least.

if this back kisses tradergirls chart she posted - would this be bullish sentiment? Monday OPEx week is usually bullish ?

fehro · Post by **fehro** » Mon Jun 11, 2012 10:54 am

support or failure on the lower blue trendline?

Claire · Post by **Claire** » Mon Jun 11, 2012 10:59 am

Cobra - is this still the 1st leg down?

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