07/31/2012 Live Update

[Cobra]

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Flat open, so any gap will be filled. The market simply waits for the FOMC and ECB, I just hope it won't be too boring today.

The Global ES still consolidates above the breakout point therefore favors bulls for now.

[KeiZai]

GM boardies

few weeks ago I said I´m bullish on silver in short-term, still think target for corrective pattern should be 30$

My view on russell, short term reversal is likely IMO

[CarlosDK]

Cobra:

Where do you think DAX could top ? Any good levels ?

[Cobra]

Cobra:

Where do you think DAX could top ? Any good levels ?

No idea. DAX now is strong.

[KENA]

GM boardies

few weeks ago I said I´m bullish on silver in short-term, still think target for corrective pattern should be 30$

Silver.png

My view on russell, short term reversal is likely IMO

RUss.png

GM KeiZai..The name of the book is Point and Figure Charting..By Thomas J. Dorsey.

[shubertatlas]

NEW GUY, First posting.
Poll taken by Invested Central (newsline).
Opinion of readers as to investment plans this week.

I'm laying low into the Fed announcement 61.76%


The Fed's not going to spoil my party! 38.24%

[Cobra]

the open.

[KeiZai]

GM boardies

few weeks ago I said I´m bullish on silver in short-term, still think target for corrective pattern should be 30$

Silver.png

My view on russell, short term reversal is likely IMO

RUss.png

GM KeiZai..The name of the book is Point and Figure Charting..By Thomas J. Dorsey.

Thanks KENA! Already in a shopping cart looks like a really GREAT book THANKS AGAIN!

[shaca]

Cobra:

Where do you think DAX could top ? Any good levels ?

this is interesting, megaphone pattern
not sure if this is enough to see it falling down, or maybe 100 more points up to 6880

[Cobra]

cold be an ascending triangle, so the bias is a little bit on the upside.

[Cobra]

NEW GUY, First posting.
Poll taken by Invested Central (newsline).
Opinion of readers as to investment plans this week.

I'm laying low into the Fed announcement 61.76%


The Fed's not going to spoil my party! 38.24%

Thanks and welcome aboard!

[knock]

cold be an ascending triangle, so the bias is a little bit on the upside.

momentum indicator is not favoring this. sto is turning south.

[KENA]

GM..The wife and I will be taking off to the big city of Seattle for the day in about 1/2 hr for something a little different etc..Hope the mkt is not to boreing today.GTTA.

[joe-gamma]

GM esteemed Board Members!
Thanks Keizai,appears russels should have a bit of downside next 1-2 days....unless this is a bull flag forming, then all indexes may have another push up....stillnot strength in discretionary and smalls....any views on TRANS out there?
thanks, joe

[joe-gamma]

seems the markets just said NO FED
GL trading today

[Al_Dente]

“Fed Seen Forgoing Next Round of Asset Purchases Until September”
http://www.bloomberg.com/news/2012-07-3 ... ember.html

[knock]

es 5min looks like forming a new small resistance. 1374 next?

[dr659]

So its good news is bad news and bad news is good news ? Or is all news good news?

[knock]

“Fed Seen Forgoing Next Round of Asset Purchases Until September”
http://www.bloomberg.com/news/2012-07-3 ... ember.html

i bet commercials knew this in advance. It seems like a bull trap during past days.

[Al_Dente]

Advancers 1300
Decliners 1400
Starting out “choppy” day ….until nydec gets >2000
bear bias…TRIN and VIX are bear