05/16/2012 Live Update

[Richarab]

Chaz!!!!
I loved you in Dancing with the Stars......... actually I didn't watch it. Love your mom though.

New Avatar...so far this is as good as it gets!

this is more appropriate

[TraderJoe]

MrMiyagi, The TZA at $19.50 sure looks good today!

[MrMiyagi]

MrMiyagi, The TZA at $19.50 sure looks good today!

Sure does! I still have a few of those suckers from 18.95$ish.
I don't have a problem holding the Bear ETF, it's the Bull(shit) ones that I'm weary of at this time.


Unless the words "We will prop up the markets" are uttered at 2pm, SPX will not get to 1500.

[TWT]

EUR: Last 2 daily candelsticks are suggesting bottoming attempt successful outcome or failure?

[uempel]

Paging euempel:

Do you have any elliptical signals on deck for tomorrow and is there any time precision to them?

There's a chance of an inside day today if yesterday's lows can hold. Unclear but possible at the moment.
An inside day today could set up tomorrow as decisive.

BachNut, I posted this chart last week and again last night on Cobra's blog, suggests today or tomorrow. Of course it isn't SPX, but BPSPX works as a proxy.

The attachment 80.png is no longer available

As to a signal on an SPX chart: I've got a good signal for next week, I think it's for Thursday 24th (I'm not showing the chart here)

Thanks!

Check this BachNut.

[TraderJoe]

MrMiyagi, The TZA at $19.50 sure looks good today!

Sure does! I still have a few of those suckers from 18.95$ish.
I don't have a problem holding the Bear ETF, it's the Bull(shit) ones that I'm weary of at this time.


Unless the words "We will prop up the markets" are uttered at 2pm, SPX will not get to 1500.

I don't know if it was a brain fart or what but I just closed my May SPY put options, I did well on them.

[BillyRipken]

Anyone have feeling about the long term price of gold from around here? More down to come or are we at good value area?

Here's the channel I've been watching...hope it helps.

ah thanx

[Cobra]

yesterday's low, so key time again. I'll count the descending triangle target as fulfilled.

[MrMiyagi]

I don't know if it was a brain fart or what but I just closed my May SPY put options, I did well on them.

Key is making money.

[uempel]

Paging euempel:

Do you have any elliptical signals on deck for tomorrow and is there any time precision to them?

There's a chance of an inside day today if yesterday's lows can hold. Unclear but possible at the moment.
An inside day today could set up tomorrow as decisive.

BachNut, I posted this chart last week and again last night on Cobra's blog, suggests today or tomorrow. Of course it isn't SPX, but BPSPX works as a proxy.

The attachment 80.png is no longer available

As to a signal on an SPX chart: I've got a good signal for next week, I think it's for Thursday 24th (I'm not showing the chart here)

Thanks!

Check this BachNut.

The attachment 56.png is no longer available

Here the bigger pictured:

[Cobra]

bulls need a sharp rebound, you don't want to see a consolidation here.

[Petsamo]

Here come the buyers

[SWalsh]

If we bounce to 133.40 here in SPY it's probably wave 2 of a wave down and the risk is 25 ticks for a lot more downside. "maybe"

[victorm]

MrMiyagi, The TZA at $19.50 sure looks good today!

Sure does! I still have a few of those suckers from 18.95$ish.
I don't have a problem holding the Bear ETF, it's the Bull(shit) ones that I'm weary of at this time.


Unless the words "We will prop up the markets" are uttered at 2pm, SPX will not get to 1500.

turn those suckers into TNA when we aproach 1300... and ... hello 1450...

[uempel]

1327 as support... The small signal for tomorrow ain't very significant, it's more important what's happening on the daily and on BPSPX.

[MrMiyagi]

Sometimes I just have an image to attach but the system wants me to say a few words.

[TWT]

SPX: playing around with the ruler just in case

[Petsamo]

Did we get good news?

[MrMiyagi]

Did we get good news?

FOMC pop 'n drop.

[champix]

Apr 24-25 FOMC mins seem to confirm an upped FOMC reaction function
as Bernake said, as talk on possible add'l QE added adherents: "Several
members indicated that additional mon policy accommodation could be
necessary." In March this language had "a couple of members" agreeing.