07/02/2012 Live Update

[Cobra]

breakout, here's the possible target.

[fehro]

trendlines fwiw. triangle?

[SWalsh]

World Bank's Kim just said open to providing help to developed countries if asked, including Greece. Says expertise offered by World Bank could be of help in many countries in the world.

Well the IMF offered its advice via past president Simon Johnson when he wrote "The Quiet Coup" in May of 2009, and they chose not to listen. "If you build Oligarchs instead of dealing with the structural problems your chances of a depression will increase".

Search "The Quiet Coup Atlantic Monthly" as it's online.

I think it's time Tom Wolfe wrote "Bonfire of the Vanities 2"

[SWalsh]

trendlines fwiw. triangle?

Major rule of mine (think of Ringo)

"No, No, No, No,
I don't go gainst de TRIX No More,
I'm tired of waking up on the floor"

(can't wait to snooze today..."I think the clock is slow"...ZZZZZ)

[TraderGirl]

Something is up with treasuries...TMF (or TLT)....

Thought we could have seen the highs in TMF, but forming a triangle, waiting to see where it breaks out...could we be in a wave 4 headed up to 5?

You might just be onto something there, TG.

I have been watching TLT for some days now. If it is indeed forming a pennant (on many different time scales now),
then something major is about to happen.

I guess we will see which way it breaks....

[SWalsh]

Something is up with treasuries...TMF (or TLT)....

Thought we could have seen the highs in TMF, but forming a triangle, waiting to see where it breaks out...could we be in a wave 4 headed up to 5?

You might just be onto something there, TG.

I have been watching TLT for some days now. If it is indeed forming a pennant (on many different time scales now),
then something major is about to happen.

Yields can't rise. Government will keep them low until 2014 as stated. Operation Twist will keep the long end down so we can all refinance our mortgages if the banks will let us. So equity will decouple at some point.

I think Spain is gearing up for 2014 to lend us money.

[TraderGirl]

trendlines fwiw. triangle?

Major rule of mine (think of Ringo)

"No, No, No, No,
I don't go gainst de TRIX No More,
I'm tired of waking up on the floor"

(can't wait to snooze today..."I think the clock is slow"...ZZZZZ)

Nice chart Walsh...

[tigerwang9999]

will buy 500 share of UVXY for a pilot and will sell tomorrow, any comments?

[stucap]

A bit funny to watch this mkt now establish 56.25 (ES) as support. Bots blast every time we hit there. BOING BOING BOING. Take a hint bears, no more down.

[MrMiyagi]

will buy 500 share of UVXY for a pilot and will sell tomorrow, any comments?

If today was nice and green I would have said yes but so far the grind is not convincing.
A good green day, SPX going up 8-10 points, would have pushed the NYMO to over +80 from where reversals are 99% occurrences. Today's action, at this rate, will grind it a bit lower and it is a no-man's land; tomorrow could be either way.

[tigerwang9999]

will buy UVXY tby the end of today

[Cobra]

nothing to say, I said it's boring day.

[Al_Dente]

PAGING KENA, DOME KING
interesting big arc-half-dome on SHY (thanks pez) daily chart
(selling short term notes; no such dome yet on TLT)

[MrMiyagi]

To me, this feels like consolidation before another day of green, maybe tomorrow with the short day?

Then a drop, a biggun'!

[SWalsh]

SWalsh and everyone else concerned about this corrupt system.

First I want to say that "they" just showed their hand completely with the Chief Justice of the kangaroo court clearly bought and paid for --- "they" want four more years of Obozo and will not let this market drop before November.

That out of the way (take a deep breath), have you ever read (one should really say "heard" here) The Mahabharata ?

It is being reported that Roberts changed his vote six weeks ago and would not listen to anyone's argument or say why.

Now we have "horror and malaise" at the war he is bringing us, we are about to take The Great Journey, and this tests sucks.

Do I have that about right?

[KENA]

PAGING KENA, DOME KING
interesting big arc-half-dome on SHY (thanks pez) daily chart
(selling short term notes; no such dome yet on TLT)

Thanks Al_D..That was a nice dome and did correct to the 1 st point.

[kamukak]

BBC: Finland has cast doubt on one of the key crisis-response measures agreed at last week's EU summit - to use eurozone bailout funds more flexibly.

The Finnish government says it has Dutch backing to prevent the eurozone's new permanent bailout fund - the ESM - from buying bonds in secondary markets.

Under pressure from Italy and Spain the 17 eurozone leaders agreed to ease the mechanism for bond purchases.

[Petsamo]

IWM has a bull flag on the 1 min

[snakehead]

SWalsh and everyone else concerned about this corrupt system.

First I want to say that "they" just showed their hand completely with the Chief Justice of the kangaroo court clearly bought and paid for --- "they" want four more years of Obozo and will not let this market drop before November.

That out of the way (take a deep breath), have you ever read (one should really say "heard" here) The Mahabharata ?

It is being reported that Roberts changed his vote six weeks ago and would not listen to anyone's argument or say why.

Now we have "horror and malaise" at the war he is bringing us, we are about to take The Great Journey, and this tests sucks.

Do I have that about right?

Someone has photos of him molesting little boys. He has been compromised.

[Petsamo]

SWalsh and everyone else concerned about this corrupt system.

First I want to say that "they" just showed their hand completely with the Chief Justice of the kangaroo court clearly bought and paid for --- "they" want four more years of Obozo and will not let this market drop before November.

That out of the way (take a deep breath), have you ever read (one should really say "heard" here) The Mahabharata ?

It is being reported that Roberts changed his vote six weeks ago and would not listen to anyone's argument or say why.

Now we have "horror and malaise" at the war he is bringing us, we are about to take The Great Journey, and this tests sucks.

Do I have that about right?

Someone has photos of him molesting little boys. He has been compromised.

The needs of the one outweigh the needs of the nation