06/21/2012 Live Update

[Cobra]

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Flat open so any gap will be filled.

I see Symmetrical Triangle on the Global ES, so the bias is up.

[lazytrader]

Cobra,

When you get a chance please post the OEX put/call ratio chart.

Thanks

[Cobra]

Cobra,

When you get a chance please post the OEX put/call ratio chart.

Thanks

[lazytrader]

Thanks Cobra

[jarbo456]

/CL finding support around 80...

but i think the larger triangle target is about 76.

should be another leg down...

[Cobra]

the open.

[Mr. T]

All the data I see from this morning is bad....... why are we up?

[rola]

YES WE CAN

[dr659]

All the data I see from this morning is bad....... why are we up?

Bad is good

[cougar]

Hedgies are caught long GLD and gold miners.
DUST was artificially kept low => breakout imminent
I am long DUST
============================
60 min chart (before opening):

[rola]

EVEN BETTER

[KENA]

All the data I see from this morning is bad....... why are we up?

On Thur bad data means mkt up maybe 100 points..No kidding this has been happening more then not.

[ClarkW]

Paging COUGAR. What point do you use to validate a harmonic pattern? Break below B for a bearish Gartley?

Possible Bearish Gartley on EEM 60 min. Short via long EDZ. Also long DZZ and SMN (not a recommendation!)

[Mr. T]

All the data I see from this morning is bad....... why are we up?

Bad is good

No it's not

[Michelle]

How will the Supreme Court decision regarding Health Care Bill affect the market? Possible decision this morning at 10:00.

[Mr. T]

Poor gold bugs..... they getting swatted.

[Mr. T]

Euro taking a tumble = back into the 1.25 area???

[kamukak]

Seems like the only way for this market is up, all the bad news and we still going up, we might be missing something here!!!

[KENA]

Liquidity had a small dn tick yesterday..Watch VIX dn vol today,if up and liquidity dn this may be an indication of change..NYSEBP and other BP did show small increase yesterday.(chart by stocktiming)

[dr659]

All the data I see from this morning is bad....... why are we up?

Bad is good

No it's not

We know that