06/20/2012 Live Update

[cougar]

VIX gave an early and timid BUY signal.
Confirmation => when it crosses 19.99!
Sounds like WS price? Ha-ha!
Charts at closing: Friday and yesterday

Thanks cougar great chart...as always!

Thanx KeiZai!
Here is GLD: unable to successfully break above the "Technical Reg. Channel" ... gapping down inside it and ready to fill an almost forgotten gap!
Ready for it...if you know what I mean...

cougar, check RRC for me.
btw how do u like arna? only 40% in 1 week, for now

Hello Soku!
Yeah...ARNA doing well! Some people look at 14 now..
RRC looks good, considering its "good behaviour" in a market adverse to its sector.
I don't have it, but I am looking at a BUY when it bounces from this zone (59.25-59.5)

...which he might be doing right now!

[Richarab]

Mr.T - Justin Bieber???

I don't like him.

It's not his fault really, just a marketing machine taking him for a ride.
Anyone with that much blind adoration directed towards them is just begging for abuse and scandal.

Then again, I hated all the boy bands too....... and you see how they turned out.

Bring back some good glam-rock or hair-metal.

Anyone know if Bieber knock up that woman who's suing for paternity?

No she dropped suit as JB gave DNA test openly - the catch as SWalsh will tell you, they (the us govt + hollywood) used the DNA to start secret cloning of children in lower manhattan for boy band enterprises for the next 20 years !!!!


---
I am here: http://tapatalk.com/map.php?n4wh01

[OverUnder]

Finland is harshing my mellow.

[btran874]

Mr.T - Justin Bieber???

I don't like him.

It's not his fault really, just a marketing machine taking him for a ride.
Anyone with that much blind adoration directed towards them is just begging for abuse and scandal.

Then again, I hated all the boy bands too....... and you see how they turned out.

Bring back some good glam-rock or hair-metal.

Anyone know if Bieber knock up that woman who's suing for paternity?

No she dropped suit as JB gave DNA test openly - the catch as SWalsh will tell you, they (the us govt + hollywood) used the DNA to start secret cloning of children in lower manhattan for boy band enterprises for the next 20 years !!!!


---
I am here: http://tapatalk.com/map.php?n4wh01

LOL

[soku]

I've been watching ARNA, RSI has been around 90 the past few days which rarely happens. June 27th they are supposed to have America's dream weight loss drug approved by the FDA... classic run up before a nice shorting opportunity... just have to be careful.

yes it is a typical pre-run. normal ta won't work on fda play. stats showing strong pre-run tend to lead to failure in approval. still worth to play tho.
so, i can over-eat, skip exercise and still be not over-weighted? the only thing is i don't like pills either. can i lose weight by just holding their stock?

[cougar]

PLX making a much-expected move today...but we need VOLUME...badly!
I am already long PLX.
Understanding its fundamnetals is essential for those who like its chart!

[Petsamo]

she dropped suit as JB gave DNA test openly

Did they give the results? Is he Papa Justin now?

[OverUnder]

To get someone pregnant you have to have a schwingie.

[cougar]

PLX making a much-expected move today...but we need VOLUME...badly!
I am already long PLX.
Understanding its fundamnetals is essential for those who like its chart!

Here is the PLX chart...previously deleted by some glitch of the system:

[Petsamo]

To get someone pregnant you have to have a schwingie.

Didn't you hear? Men are measured by the size of their wallets.

[SWalsh]

Thanks TG!


very strange behavior, bonds down - metals down - commodities down - dollar down - indices down - euro up WTF?

Euro looks like a corrective bounce only.

I invite you to look at TLT in 2008 and what it did to stocks.

Benny is in The Liquidity Trap. None of this is going to work, but they will continue to try with High Fascism Trading until they too realize they need to build a massive short.

your TLT chart is welcome, go on

It is possible, if not likely, that the US will also see the long-end of its debt see rising rates not due to a strong economy, but that in the final analysis, we aren't much better off than Greece and these increased rate will choke the economy.

We are well into one of the most sound of economic theories - The Liquidity Trap. Adding money slows velocity and DOES NOT generate anything but marginal GDP growth by a small groups that spends some money thinking the government is fixing things. When does this end? (and it will end). It ends when the mkt sees the only real Lender of Last Resort in the world as impotent, which it already is. Congress "borrowed" from future generations and in large part allowed illegal immigration in as a last ditch effort for lower wages, corporate profits, and a growing economy due to population growth (there are papers on this) and it gave us a Law of Unintended Consequences - The government demanded that banks allow these people to buy homes they could never afford.

The Debt Cycle is ending. We are going to begin deleveraging. If we are lucky, we will just have a decade of malaise. Japan's efforts would argue deflation will be the result. Gas prices at almost $3 during driving season? Pretty good indicator of the REAL economy, I'd say.

[Richarab]

she dropped suit as JB gave DNA test openly

Did they give the results? Is he Papa Justin now?

he is not dad - and he was kind enough not to counter sue - but unfortunately they are close to cloning his DNA and obama is looking to capitalize on this breakthrough before next year !!!!


---
I am here: http://tapatalk.com/map.php?5jxmtr

[CMT]

I've been watching ARNA, RSI has been around 90 the past few days which rarely happens. June 27th they are supposed to have America's dream weight loss drug approved by the FDA... classic run up before a nice shorting opportunity... just have to be careful.

yes it is a typical pre-run. normal ta won't work on fda play. stats showing strong pre-run tend to lead to failure in approval. still worth to play tho.
so, i can over-eat, skip exercise and still be not over-weighted? the only thing is i don't like pills either. can i lose weight by just holding their stock?

Ha, like I said the American dream! If you hold enough shares the stress should do the trick on the weight loss when this baby gets a gravity check.

[Richarab]

Thanks TG!


very strange behavior, bonds down - metals down - commodities down - dollar down - indices down - euro up WTF?

Euro looks like a corrective bounce only.

I invite you to look at TLT in 2008 and what it did to stocks.

Benny is in The Liquidity Trap. None of this is going to work, but they will continue to try with High Fascism Trading until they too realize they need to build a massive short.

your TLT chart is welcome, go on

It is possible, if not likely, that the US will also see the long-end of its debt see rising rates not due to a strong economy, but that in the final analysis, we aren't much better off than Greece and these increased rate will choke the economy.

We are well into one of the most sound of economic theories - The Liquidity Trap. Adding money slows velocity and DOES NOT generate anything but marginal GDP growth by a small groups that spends some money thinking the government is fixing things. When does this end? (and it will end). It ends when the mkt sees the only real Lender of Last Resort in the world as impotent, which it already is. Congress "borrowed" from future generations and in large part allowed illegal immigration in as a last ditch effort for lower wages, corporate profits, and a growing economy due to population growth (there are papers on this) and it gave us a Law of Unintended Consequences - The government demanded that banks allow these people to buy homes they could never afford.

The Debt Cycle is ending. We are going to begin deleveraging. If we are lucky, we will just have a decade of malaise. Japan's efforts would argue deflation will be the result. Gas prices at almost $3 during driving season? Pretty good indicator of the REAL economy, I'd say.

Actually agree with you SWalsh
Hopefully USA comes up with some new fangled economics that rebalances the world - i think they are already doing it through free trade agreements - don't under estimate American ingenuity


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

[Petsamo]

WAG continues to get slammed

[Mr. BachNut]

Still Long.
Stops have been tightened.
Looking for a correction to overbought conditions probably to start by end of week.
Overbought markets can become more overbought though.
Technicals seem good enough to limit a correction to the nearest strong support level.
If I get stopped out, I may be back long later. Have to see how things go.

[soku]

Thanks TG!


very strange behavior, bonds down - metals down - commodities down - dollar down - indices down - euro up WTF?

Euro looks like a corrective bounce only.

I invite you to look at TLT in 2008 and what it did to stocks.

Benny is in The Liquidity Trap. None of this is going to work, but they will continue to try with High Fascism Trading until they too realize they need to build a massive short.

it's jpy pulling all currency up. my stop detector says major stop 79.55

what do i say? it is a dog eat dog world.

[Cobra]

the 3rd touch on the downside, not good looking as this could be descending triangle now.

[soku]

my wildest guess, for fun only
es dip to 1335 after the fed announcement, then go back up to close green for today.

[MrMiyagi]

my wildest guess, for fun only
es dip to 1335 after the fed announcement, then go back up to close green for today.

No stranger than truth!