06/28/2012 Live Update

[Cobra]

target for this rebound. maybe, not sure.

[MrMiyagi]

I'm sure some grubby hands will slam down "El Button" in a few seconds.

[RZRsharp]

3 min and 5 min in TNA / IWM in (upper right and upper left resp.) show bullish uptrend ATM with a green candlestick.

Broad intraday trend (SPY 15 min) still negative though can see current trend readings (lower left pane) in the 40s show consolidation, not trending conditions.

TLT (lower right) painfully flat still, no break yet

[SWalsh]

Possible EW count....I say possible as we need more humans. if this is correct we could see us between 132.10 and 132.60 SPY tomorrow. I want to be short Friday night based on this move today:

[Cobra]

so far so good, on the way to the target. this market feels very reluctant to go down.

[snakehead]

spx...

The power of the PPT never ceases to amaze me.

[louie]

Sooooo glad I exited TVIX at 5.93!

[Cobra]

2 legged rebound at least.

[TraderGirl]

Possible EW count....I say possible as we need more humans. if this is correct we could see us between 132.10 and 132.60 SPY tomorrow. I want to be short Friday night based on this move today:

I agree that this could have just been a wave 1 down of C....

[MrMiyagi]

2 legged rebound at least.

Enough time? It's already POWER HOUR..

[lilitulip]

took a pos in tvix (I know, stupid move) yesterday @ 5.50. So many other ways to go. I really need to learn how and where to place my bets. Finger is on the trigger!!!

They broke TVIX a few months ago, stay away. Try TZA instead.
By the way, if you bought at 5.50$, you're up 40 cents.

If you want to buy the vix, watch UVXY, it is a 2x vix.

but vix up 7%, uvxy only up 3%?

$vix is only up 1.48%

i am confused, vix closed at 19.45 yesterday, now is 20.71, isn't it?

[KeiZai]

Possible EW count....I say possible as we need more humans. if this is correct we could see us between 132.10 and 132.60 SPY tomorrow. I want to be short Friday night based on this move today:

same page

[gappy]

original.jpg

Overnight?

[Petsamo]

Did we have a fake sell off today ?

[KENA]

See the blue line at 1308.Must break..Then dn thru the June lows.Mkt breaks that ,then the fun begins.Had a busy day today and yesterday.The stocktrading charts and Dorsey Wright all inproved very,very little.on yesterdays green day..The TA just does not belive the mkt.Out of my long 2 days ago with only 1 point,was looking for 4 but thats trading I guess.Who knows maybe GS may be right.

sc.png

KENA
When u say GS u mean 1285 ?
thx

That and lower.Goldman came out and said to short the mkt and now I have heard 2 others say we could be heading to 1220.Not to many belive it so maybe it could happen.With July about here and July is not usually a good month so we wait and see..I have one problem, some say we will peak in july and then go dn .So as always we waite and see.

[Cobra]

target met, I see biggest bar, volume surge, so might be a pullback here, then more up.

[MrMiyagi]

[louie]

RE: Goldman's calls... this is for SWalsh in particular! Old but still valid IMHO.
http://classicalcapital.com/Goldman_Sachs__Dog.html

[KENA]

377.png

When you get those P bars I check my charts and they are usually there.But today I have not not seen any.Mabe TD Ameritrade platform is not the same as TD Waterhouse.

[MrMiyagi]

When you get those P bars I check my charts and they are usually there.But today I have not not seen any.Mabe TD Ameritrade platform is not the same as TD Waterhouse.

I don't think they are from what I have been told. Do they look the same?