06/06/2012 Live Update

[MrMiyagi]

Just for kicks:

[uempel]

I've got a signal for 1:40 pm - hope it works out

[Claire]

uempel: does a "signal" mean a change in trend, which could be either up or down? thanks. It makes sense since the beige book #s come out at 2:00, I think.

[Mr. BachNut]

Squeeze may have a little more juice, but real buyers will be needed to give the rally legs.

[pezhead9000]

Are those p-bars large buy/sell programs they use as reconnaissance?

Just for kicks:

[MrMiyagi]

Are those p-bars large buy/sell programs they use as reconnaissance?

That's probably one of the explanations.

[Cobra]

still no touch of EMA20, so strong, bears no point to fight.

[louie]

SWalsh: apoligies, I did not mean YOU were bias. I simply meant to imply I AM usually biased. Sorry for the way I worded that.

And I agree with what you said. I hate these pricks and what they are doing!

Also, to further back up what you were referring to: Small fish are little by little being fried for "insider trading". And Washington debates on making it illegal for politicians to insider trade? WTF?

[Claire]

Cobra - is this STILL leg 1???? thanks

[uempel]

uempel: does a "signal" mean a change in trend, which could be either up or down? thanks. It makes sense since the beige book #s come out at 2:00, I think.

Signal means either an acceleration of the trend or a reversal. It would be quite astounding if the market would shoot to the upside and stay up there, so I might be betting on a dip (for a scalp)

[TraderGirl]

Just for kicks:

I still think the one at $72 will come to pass....just not there yet...

[Al_Dente]

This beats all
intraday % performance chart
note italy and spain

[knock]

Just for kicks:

long live p-bars!

[soku]

rumor says eu to dicuss spain over the weekend.
it's possible some money is scaling in. i don't want to trade against it

[TraderGirl]

1 minute shows weakening and an overshot of resistance...
a pull back is probably due...a turn comes on Friday, so we could begin to lose energy to the upside soon...a pull back, an attempt to a new high, then down on Friday would be a reasonable outcome...IMV...

[Al_Dente]

PAGING The RobberBaron

[737controller]

rumor says eu to dicuss spain over the weekend.
it's possible some money is scaling in. i don't want to trade against it

or just trying to drag feet until Greek elections

[uempel]

Update:

[Al_Dente]

PAGING KENA
There is a Half Dome in:
1) Yosemite for sure
2) SPY maybe???

[Mr. T]

still no touch of EMA20, so strong, bears no point to fight.

We'll never touch the 20 again!!!



As always, great info Cobra