9/19/2012 Live Update

[Cobra]

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Small gap up, along yesterday's high, so the gap might be filled.

The Global ES may have filled the overnight attempt on the high but the chart is still hard to say because it needs to break below yesterday's low to confirm a possible trend change. So let's way.

[TradersF]

Update on yesterdays chart.

My Evil plan ( sorry Cobra for using your term ), will see a back test of the broken trend line to around 66,70 followed by a downward move to new lows.

Still holding TZA

[quientuves]

So you are intraday bear biased, Cobra?

[Cobra]

Here's the result of Japan many many years of QE.

[amalgamator]

Inflation Peak 2013

[Cobra]

DAX seems not very excited about Japan QE.

[Cobra]

Inflation Peak 2013

17sep18.png

hmm, at least it looks like we still have multi-years upside room, that is what really matters now.

[Petsamo]

My spreadsheet predicted a gap down this morning, but even though we gapped up, there's still a chance we drop to negative levels, as if we gapped down.

[gappy]

2-yr Swap Spreads.jpg

Better liquidity moving from the PIGS to the elites.

[Cobra]

the open.

[Cobra]

range, let's wait for breakout first.

[grachu]

cobra is there any way on seeing your posts without having to click on your name everytime and press go to post ? I have to refresh the page everytime to see your posts .

[Cobra]

cobra is there any way on seeing your posts without having to click on your name everytime and press go to post ? I have to refresh the page everytime to see your posts .

I don't know.

[Petsamo]

We have any doom & gloomers out there who want to place bets that WLT will bust yesterday's low ?

[Cobra]

so far not a good start, perhaps Japan should print more money.

[Petsamo]

long USO 34.59, 60 shares

[Cobra]

honestly, the 60 min chart looks like a perfect bull flag breakout setup.

[Cobra]

looks like an upside breakout which is good.

[Cobra]

possible target.

[EvilTrader]

Here's the result of Japan many many years of QE.

Amazing.

Over the long-run ( decades of QE ) no real wealth was created by the money-printing. Stock prices did fall back but with tremendous volatility along the way - many bubbles popping and bursting.

Not exactly healthy, but from a traders point of view, lots of opportunity.