08/31/2012 Live Update

Post by **Cobra** » Fri Aug 31, 2012 12:07 pm

ema20 as support, bulls' best chances are here. wait.

TradingJackal · Post by **TradingJackal** » Fri Aug 31, 2012 12:09 pm

This ricochet from the support looks like a an ABC correct where B is clearly a triangle smack in the middle. I am not feeling bullish.

fehro · Post by **fehro** » Fri Aug 31, 2012 12:09 pm

closer view of SPX 60m.... gravestone candle??

Post by **Cobra** » Fri Aug 31, 2012 12:11 pm

cannot believe bulls failed. anyway, green line is the support.

TradingJackal · Post by **TradingJackal** » Fri Aug 31, 2012 12:12 pm

Wow! Look at that

rola · Post by **rola** » Fri Aug 31, 2012 12:16 pm

Maybe somebody has kidnaped Benny

kaiboliu · Post by **kaiboliu** » Fri Aug 31, 2012 12:17 pm

because this?

S&P lowers Spain's Catalonia rating to BB/B

rola · Post by **rola** » Fri Aug 31, 2012 12:19 pm

They are very generous

TraderGirl · Post by **TraderGirl** » Fri Aug 31, 2012 12:19 pm

TraderGirl wrote:Whoah!! I just woke up and saw the price action....I didn't believe my chart that showed this kind of price action, but here it is, just like my chart shows...if my chart continues to be correct, we continue to move up, then another spike down (possibly lower, don't know the levels), then a choppy move up the rest of the day...

Anyone see that coming??? wait...

TradingJackal · Post by **TradingJackal** » Fri Aug 31, 2012 12:19 pm

Folks, plenty of good stuff by the HFTAlert guy today. Here is his feed.

http://stocktwits.com/HFTAlert

Post by **Cobra** » Fri Aug 31, 2012 12:20 pm

not sure if I can measure the target like this?

rola · Post by **rola** » Fri Aug 31, 2012 12:21 pm

Cobra is today move enough for lower high?

Out of Bounds · Post by **Out of Bounds** » Fri Aug 31, 2012 12:23 pm

TraderGirl wrote:
TraderGirl wrote:Whoah!! I just woke up and saw the price action....I didn't believe my chart that showed this kind of price action, but here it is, just like my chart shows...if my chart continues to be correct, we continue to move up, then another spike down (possibly lower, don't know the levels), then a choppy move up the rest of the day...
Anyone see that coming??? wait...

No. No one at all

Post by **Cobra** » Fri Aug 31, 2012 12:25 pm

rola wrote: Cobra is today move enough for lower high?

no.

Out of Bounds · Post by **Out of Bounds** » Fri Aug 31, 2012 12:27 pm

LMAO (stocktwits)

: Capture.JPG (15.5 KiB) Viewed 4192 times

EvilTrader · Post by **EvilTrader** » Fri Aug 31, 2012 12:29 pm

The yellow uptrendline is my target for this pullback.

Volatile as expected.

OverUnder · Post by **OverUnder** » Fri Aug 31, 2012 12:30 pm

Yeah, I can't believe either, I take out the garbage and find the last of my money sitting in that "anyway".

Cobra wrote:cannot believe bulls failed. anyway, green line is the support.

Post by **Cobra** » Fri Aug 31, 2012 12:31 pm

not good looking, may continue down.

TraderGirl · Post by **TraderGirl** » Fri Aug 31, 2012 12:32 pm

Messy chart, but my daughter just spilled my coffee all over the table wall and floor...Ugh!!!

Al_Dente · Post by **Al_Dente** » Fri Aug 31, 2012 12:35 pm

30min
Unless we can decisively break above that top channel line, I will call that a price “trap” ??? (pink arrows)

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