07/12/2012 Live Update

[Petsamo]

If anyone wants to go long on something, WLT (coal) and SID (steel) are most beat up. The chart below compares WLT with Brazil (EWZ). High numbers mean WLT is weak, relative to Brazil. Brazil itself is beat up relative to IWM.

[Cobra]

Cobra,

When you get a chance...could you look at GOOG...earnings next week....52k july calls bought yesterday.

the ER data in the chart is old, I don't have time to check the latest for you, generally it'd beat. The chart pattern looks missing one push up at least.

[EvilTrader]

Hey Cobra

are you familiar with Al Brooks books on 5-minute tech analysis ? Do you recommend it ?

What you and other forum member think of it ?

A waste of time and money or something of value ?


Reading Price Charts Bar by Bar: The Technical Analysis of Price Action for the Serious Trader
"Trading Price Action Reversals: Technical Analysis of Price Charts Bar by Bar for the Serious Trader"
Trading Price Action Trading Ranges: Technical Analysis of Price Charts Bar by Bar for the Serious Trader By Al Brooks

http://www.amazon.com/Reading-Price-Cha ... roduct_top

[SWalsh]

pray this is a diamond as continuation pattern (I favor this) instead of diamond top.

Nothing personal, but I think if God really answers prayers, it isn't going to be for the market. I read a book once, "God in the Pits". I seem to recall the author said he wasn't there!

[OverUnder]

If this ain't a swing day I don't know what a swing day be.

[Cobra]

triangle so it's bullish biased. if we have yet another strong close today, should favor bulls.

again please read my spx down 5 days history chart carefully, there're some cases it did down 6 days in a row especially recently, but just don't simply blame me for being wrong as I actually covered the 6 down days cases. CHECK THE CHART CAREFULLY. when you read my report, you must read the chart, chart is more important than what I write. When I write the report, I draw all the charts first and put everything on the chart, then just brief the chart in text, so chart is actually the core of my report. thanks.

[Al_Dente]

eur/usd, yield, udn are not participating much in this “recovery” (?)

[Cobra]

Hey Cobra

are you familiar with Al Brooks books on 5-minute tech analysis ? Do you recommend it ?

What you and other forum member think of it ?

A waste of time and money or something of value ?


Reading Price Charts Bar by Bar: The Technical Analysis of Price Action for the Serious Trader
"Trading Price Action Reversals: Technical Analysis of Price Charts Bar by Bar for the Serious Trader"
Trading Price Action Trading Ranges: Technical Analysis of Price Charts Bar by Bar for the Serious Trader By Al Brooks

http://www.amazon.com/Reading-Price-Cha ... roduct_top

I didn't read YET. It's for experienced traders otherwise you don't know what he says. also if you want to buy his book, please via my amazon link.

[MrMiyagi]

MR MIYAGI
The button
please

Push it twice, we need the boost!!!

My button goes the other way!!!

[Cobra]

breakout. text book target. hopefully.

[lazytrader]

Cobra,

When you get a chance...could you look at GOOG...earnings next week....52k july calls bought yesterday.

the ER data in the chart is old, I don't have time to check the latest for you, generally it'd beat. The chart pattern looks missing one push up at least.

Thanks..cobra.. i just wanted your opinion on chart. Last year this quarter was good beat....

[Pagat]

Hey Cobra

are you familiar with Al Brooks books on 5-minute tech analysis ? Do you recommend it ?

What you and other forum member think of it ?

A waste of time and money or something of value ?


Reading Price Charts Bar by Bar: The Technical Analysis of Price Action for the Serious Trader
"Trading Price Action Reversals: Technical Analysis of Price Charts Bar by Bar for the Serious Trader"
Trading Price Action Trading Ranges: Technical Analysis of Price Charts Bar by Bar for the Serious Trader By Al Brooks

http://www.amazon.com/Reading-Price-Cha ... roduct_top

is he richer then W. Buffet ? if not what is the value then in the book.

[ballatines]

seems AAPL buyer not supporting ?

[Petsamo]

Potential double top on SPY

[ballatines]

Cobra,

When you get a chance...could you look at GOOG...earnings next week....52k july calls bought yesterday.

the ER data in the chart is old, I don't have time to check the latest for you, generally it'd beat. The chart pattern looks missing one push up at least.

Thanks..cobra.. i just wanted your opinion on chart. Last year this quarter was good beat....

btw Corbra will u add more feature stock in ur report? ( like GOOG becoz it is my favorite stock for option ) i promise i will promote your subscription to all my colleagues ...

[Al_Dente]

Hey Cobra
are you familiar with Al Brooks books on 5-minute tech analysis ? Do you recommend it ?
What you and other forum member think of it ?
A waste of time and money or something of value ?
Reading Price Charts Bar by Bar: The Technical Analysis of Price Action for the Serious Trader
"Trading Price Action Reversals: Technical Analysis of Price Charts Bar by Bar for the Serious Trader"
Trading Price Action Trading Ranges: Technical Analysis of Price Charts Bar by Bar for the Serious Trader By Al Brooks

EVIL
I’m still on this one “Reading Price Charts Bar by Bar:...”
It takes me a day to read then re-read one or two pages as the author is on crack.
But I think it’s valuable for scalpers.
ps please remember to use cobra’s amazon link if u buy it

[TraderGirl]

FAS on 1 minute in bear wedge, broke support, but trying to stay above dotted trend line....a fall below = bearish...IMHO...

[OverUnder]

Volume gonna tear this market a new one.

[OverUnder]

Weeeee. Squeal like a pig.

Volume gonna tear this market a new one.

[Al_Dente]

HOLY SHITE my tick is beeping buy/top
haven't heard that beep in quite a while