05/16/2012 Live Update

[KeiZai]

Silver tagged trendline from 2010 fail here will be crucial, very likely free fall to 21

[MrMiyagi]

Nope.. not gonna hold...
Good luck Facecrook with your crappy overhyped IPO, even the sheisters couldn't float the market.

[uempel]

Bye guys

[Mr. T]

Wow, Ben didn't do crap......

We're never going up again.

[TWT]

XIV: Monitor this one closely

[Al_Dente]

Silver tagged trendline from 2010 fail here will be crucial, very likely free fall to 21

[Mr. BachNut]

So much for the inside day...

Feb. 2 SPY gap officially closed.

[snakehead]

definition of "desperation":

desperation
des·per·a·tion noun \ˌdes-pə-ˈrā-shən\
Definition of DESPERATION
1: loss of hope and surrender to despair
2: a state of hopelessness leading to rashness

Example:
Liesmann on CNBS peddling FOMC minutes-based hopium.

[SWalsh]

I just don't have any question that the HFTs that are hooked up to the exchange machines by a measurement made in feet, know every order on the books as it is placed. Directed Trading platforms lets us all see bids/offers and size. They have to see the stops also. They hit them virtually every time. The mkt should not have had that rebound and the turn from the rally speaks of, "oops....we missed these stops....take it back up".

REMINDER: Eric Holder and the corrupt Chicago Machine brought by Obama has stacked the DOJ with lawyers who worked at firms defending white collar crime and they are friendly with every firm. We really are a banana republic. Only the truly ignorant of this reality can give this guy 4 more years. There will be no mkt and no nation. This mkt has financial rape taking place and one person can stop it. But Monday night he spoke to them and collected checks. Solzhenitsyn was right when he spoke of the collapse of morality. The mkts were never moral, but it wasn't state sanctioned.

[SWalsh]

Wow, Ben didn't do crap......

We're never going up again.

I PITY the fool that thinks we're going up!

They couldn't get it perfect. They were supposed to peak this mkt into the election. This screw-up and the gay marriage turn-around is not good, and the talk is that if republicans sweep they will make hard choices. That is NOT bullish. Obama has been their meal ticket for almost 4 years. Wall Street, despite it's money, does not vote for conservatives. Donations ran 4-1 the other way in 2008.

[koolblue]

from sentimentrader"Over the past 10 days, an average of 74% of points gained or lost among S&P 500 components were lost, and 71% of volume has flowed into issues that were down on the day. Since 2002, this is the fifth time it has reached this extreme. The others were at or within 2 days of a vicious bounce (7/22/02, 10/9/08, 7/2/10, 8/4/11)."Hey, doesnt the facebook ipo come out in two days? Hmmmm

[Cobra]

the consolidation doesn't look good for bulls still.

[KeiZai]

H&S with neckline retest?

[SWalsh]

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

Aw...does poor little baby have a problem? Not nursed enough? Go buy a dozen Time magazines and glue them to the wall.

[TraderGirl]

SLV...fell through trend line #1, trend line #2 is around $25. Trying to hold a higher low than the one made on Dec 26th, but it's not looking' good. At point #8 the falling support trend line meets the pitchfork support on or around July 6th at around $22, which is the same timing we could have a bottom in the market..???

We will see what happens...

[snakehead]

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

"I WANT THOSE STONES !!! "

[Mr. BachNut]

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.

80.png

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.

56.png

Here the bigger pictured:

57.png

Seems like those traders figured out what to do...

[Cobra]

now aapl 100% MM target looks very likely: http://stockcharts.com/public/1684859/c ... /231686385;

[Me XMan]

2011CallingSantaPlease.jpg (10.96 KiB) Viewed 3560 times

[MrMiyagi]

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