06/13/2012 Live Update

[Cobra]

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Small gap down within yesterday's range so the gap might be filled.

You bet lots of people would say it's a potential H&S Top in the forming on the Global ES, well, only when the neckline it taken so from bull's aspect, this current rebound has entered the river of no return, no failure allowed. Let's see. May the force be with snakes.

[Cobra]

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[SigmaEcho]

gm Cobra, DAX already near yesterday lows. H&S still alive or just testing breakout line?
thanks

[CarlosDK]

Cobra if we break the neckline on that,, we will go down to near the lows and test near it.

[CarlosDK]

Cobra what do you think ?

[CarlosDK]

Cobra can you have a look on XHB daily chart - what do you see here ?

[Cobra]

Cobra what do you think ?

reasonable.

[Cobra]

Cobra can you have a look on XHB daily chart - what do you see here ?

Not bearish, hold very well.

[cougar]

Paging Sohu: watch ARNA for the next 3 days

[Cobra]

the open.

[Petsamo]

I think the DAX has not made a lower low, but they made a higher high, a little. Maybe we help them get a lower low

[soku]

yesterday 1315 break-up is strange. now back down also strange.
currently i read it as rejected at 1314 and seeking for support. no big room for down leg either. maybe 1308-09 area.

[soku]

Paging Sohu: watch ARNA for the next 3 days

thanks. nice chart.
some fda action close to the end of this month. do you have any projection if pass?

[cougar]

Paging Sohu: watch ARNA for the next 3 days

thanks. nice chart.
some fda action close to the end of this month. do you have any projection if pass?

Hard to tell...A lot of optimism is baked in, already...but I would sell into $12.
Also, SPX 1315 is the rollover number. THEY do remember it for a few weeks

[Al_Dente]

Jamie testifies to his employees at the Senate, live, now:
http://www.c-span.org/Events/Banking-CE ... 7431430-1/

[soku]

Cobra what do you think ?

yr count is similar to daneric. pretty close to my projection as well.

[Cobra]

I'm neutral, wait for the breakout first, can be either side.

[Petsamo]

Volume seems high

[soku]

a chart from the corner. he is conservative this time.

http://www.etf-corner.com/.a/6a010535da ... ac4970c-pi

[ClarkW]

Short a little Gold via DZZ here for a quick trade