08/10/2012 Live Update

[dr659]

bouncing from support. if for the 3rd day in a row we have a reversal up on the morning gap down, this market might never drop anymore.

Its an election year

[Tutti]

I have been in the market long enough to know that if there is a summer (doldrum) melt-up on low volume, "da big boys" don't like that and will knock prices down before end of September so that hedge funds, big money, etc., can buy at the lower prices. Happens every time. You can bank on it.

Im with you....

Ditto.

[rc1269]

bouncing from support. if for the 3rd day in a row we have a reversal up on the morning gap down, this market might never drop anymore.

Its an election year

Does the "election year" concept still hold when most mark participants don't like who's likely to be elected...?

[quientuves]

bouncing from support. if for the 3rd day in a row we have a reversal up on the morning gap down, this market might never drop anymore.

Its an election year

Does the "election year" concept still hold when most mark participants don't like who's likely to be elected...?

I think you are correct. I believe there is going to be a plan to use markets to fire the president. It's easy, and the big boys here want him out. So they could even accept some eventual loses. It's more like an investment for them.

[Al_Dente]

FXP reacts to china news

[TradingJackal]

The clock chimes the hour
the candlesticks tower
bears run and cower
feel the MM power

(or maybe not)

[Harapa]

It’s very hard 4 me to read yr charts

I need to remove some of the indicators to de-clutter these. As this is still work in progress I haven't worked out a final form, sorry about it.
XIV seem to be a good add on too, gives fewer flalse signals (with CCI ) especially during an established trend .

[Al_Dente]

ST Renko update
First real sell sig since 8/3
We’ll see…………
[DT ONLY; CAN CHANGE QUICKLY]

[dr659]

bouncing from support. if for the 3rd day in a row we have a reversal up on the morning gap down, this market might never drop anymore.

Its an election year

Does the "election year" concept still hold when most mark participants don't like who's likely to be elected...?

Good Question, That I`m not sure

[rc1269]

I have been in the market long enough to know that if there is a summer (doldrum) melt-up on low volume, "da big boys" don't like that and will knock prices down before end of September so that hedge funds, big money, etc., can buy at the lower prices. Happens every time. You can bank on it.

I work at one of "da big boys." We are selling this rally. fyi

[usctrojan99]

The gap down to 1395 was bought. Buy the dip mode in effect. If bears can't move this, it's over for them.

[Al_Dente]

It’s very hard 4 me to read yr charts

I need to remove some of the indicators to de-clutter these. As this is still work in progress I haven't worked out a final form, sorry about it.
XIV seem to be a good add on too, gives fewer flalse signals (with CCI ) especially during an established trend .

I LOVE XIV
I NEED XIV
But stockcharts is so stingy w real estate…. won’t allow another dang symbol in there without me deleting one
What platform u on?

[Al_Dente]

PAGING BARON
Do u keep yr “0.3” line on the volume ratio on ALL TIMEFRAMES
Or do u adjust it for different timeframes
Get in here////////

[Cobra]

double bottom target reached before I have time to say double bottom. once again the morning dip is bought.

[rc1269]

10pt bots back in action (1405-1395)

[Xian]

"""...worse-than-expected Chinese trade data put investors into a risk-averse mood across the board, threatening the longest winning streak for the Standard & Poor's 500 index since March."""

Not to mention the fact that Obozo called up CME and told them to raise their margin requirements on crude because he don't want gasoline prices going up befo' the election.

Shocking! A president doesn't want the price of gasoline to rise for the citizens of his country?!??!?! I can't believe this! Are you sure about this? You've got quite a scoop here! What a tremendous insight! A president doesn't want the price of gas to rise. Stunning.

In this country we show a little more respect for the office— and the leader of the free world. It probably hasn't occurred to you, but most POTUS's (regardless of party) don't want the price of gas to go up— election or not.

And that " befo' " crack? IS that like cuz he's black and uses ebonics? ha! ha!ha! That's really funny. Racial humor is always so funny!

[knock]

We had a ABC down yesterday on ES (check yesterday's post) and so we are looking for an ABC up today. Looking at the ES chart, it appears we may be putting finishing touches to an ED. Looks like we need one last hurrah before we go south.
PS: This last wave get's truncated most of the times and once it in a while, it will overshoot. YMMV.

great call! hope to see a chart from you, as always...

[Mr. BachNut]

Short.
ARMs Sell Warning was confirmed at the close yesterday.
Looking for a pull-back of some consequence between now and the end of next week.

[EFA]

"""...worse-than-expected Chinese trade data put investors into a risk-averse mood across the board, threatening the longest winning streak for the Standard & Poor's 500 index since March."""

Not to mention the fact that Obozo called up CME and told them to raise their margin requirements on crude because he don't want gasoline prices going up befo' the election.

Shocking! A president doesn't want the price of gasoline to rise for the citizens of his country?!??!?! I can't believe this! Are you sure about this? You've got quite a scoop here! What a tremendous insight! A president doesn't want the price of gas to rise. Stunning.

In this country we show a little more respect for the office— and the leader of the free world. It probably hasn't occurred to you, but most POTUS's (regardless of party) don't want the price of gas to go up— election or not.

And that " befo' " crack? IS that like cuz he's black and uses ebonics? ha! ha!ha! That's really funny. Racial humor is always so funny!

Gentlemen,

We have been breathing better lately on Cobra's board. It has gone back to being pleasant and fun, so please let's leave politics and take other form of frustration somewhere else and respect Cobra's request to keep his board for trading! I don't think he is being unreasonable in his request!

[gator11]

cobra doesn't yesterdays very small move in NYMO almost guarantee today will be a big move. If yes which way do you think we trend today. thank you.