08/08/2012 Live Update

[Al_Dente]

base on what I see, bears can take this down easy. lets go or give up already

bb did I mention 50/50 = chop...vwap is right there...how hard is it to take out a little pink line...[U didn’t do anything “Tooooooopid” did u boss?.........U need more girlfriend song?]

for now the counter trend is getting intensify. song? sure, you got me stuck with that Canadian sweet heart in the last 30min.

yup, them Canadians will mesmerize u every time

Here’s Freddy for a LL wake up call…….http://www.youtube.com/watch?v=Ljr46m-O ... re=related

[MrMiyagi]

Anybody know why did AMD pop today?

Unfounded rumors of possible rumor of takeover/buyer.

[knock]

anyone wants to short CHK? it hits a strong resistance. hope to get some opinion.

[Nrsimha]

My $ 0.02:
I was sorta waiting for 10 week ma to cross the 20 week --- getting close, And that MACD crossover on the weekly looks bullish.
Also both of my programs that use multi-parameter models and then maximize over backtesting (maximizing the parameters using simulated annealing) are flashing a buy signal.

Thanks! I'll mortgage the house and buy all I can...

Also, for GDX: double bottom neaer $40 with pos macd divergence. Looks tasty. Buy on a pullback!

[MrMiyagi]

anyone wants to short CHK? it hits a strong resistance. hope to get some opinion.

I don't like to deal with companies whose CEO used assets to buy his own toys.
Do yourself a favor and look at something else; while CHK may tank, it may also squeeze a lot of folks are holding a bag full of dog poop from the 20$+ range.

[knock]

anyone wants to short CHK? it hits a strong resistance. hope to get some opinion.

I don't like to deal with companies whose CEO used assets to buy his own toys.
Do yourself a favor and look at something else; while CHK may tank, it may also squeeze a lot of folks are holding a bag full of dog poop from the 20$+ range.

thanks!

[noob]

Anybody know why did AMD pop today?

no clue once they trade under 5$ it's out of my favor, check MU, the 5$ rule is goood support for it.

Thanks, I was hoping to buy around $3.75 area never had the chance. NVDA earning tmr though.

[uempel]

Update:

[BullBear52x]

anyone wants to short CHK? it hits a strong resistance. hope to get some opinion.

I don't like to deal with companies whose CEO used assets to buy his own toys.
Do yourself a favor and look at something else; while CHK may tank, it may also squeeze a lot of folks are holding a bag full of dog poop from the 20$+ range.

Double top and some Neg. D to support the bear case, not bad.

[TradingJackal]

Pussy bears, pussy bears,
Where have you been?
We have been to London to ...

If anyone else can finish this up!

[MrMiyagi]

Double top and some Neg. D to support the bear case, not bad.

Yep, chartwise AND factwise I would short this to zero BUT BUT BUT once crooked you never know what kind of news or revelation can come to light.

[KeiZai]

Ford is trying to break falling wedge

[su_root]

STOCKCHARTS NEW TOYS ALERT…

Thanx, VTX(21) on a weekly SPX chart looks quite good (long entry, trailing stop/win) at a first glance.

Thanks su...btw $VIX and $VXO being indices = no volume...So I use $NYDNV:$NYUPV ratio to find down volume

NP!........So there Isn't any way to look at VIX options volume (chart plot)? There has to be

U can track volume on XIV (bull spy) and VXX, UVXY (bear spy)
But those ETFs move with VIX volatility FUTURES not options
Check the cboe.com site for options volumes
Also bernie schaeffer may have some stuff on volume
OR a kind options trader could jump in here and offer a much better answer
what does NP mean?

Thanks for the answer, I'll check to see if I can find options volume on those sites.

NP = No Problems!

[BullBear52x]

as Cobra will put it, this type consolidation, more down

[Petsamo]

XME believes we're dropping. EWZ believes we're rising

[EvilTrader]

Short @ 140.5

stop @ 140.67

short closed @ 140.25

[Harapa]

Update:

The attachment 62.png is no longer available

Up with this TICK? Nah!

[TradingJackal]

Short @ 140.5

stop @ 140.67

short closed @ 140.25

That was quick?! You think bears are chicken?

[OverUnder]

Lotta downward wedges breaking to the upside.

[BullBear52x]

bear flag like don't you think?