05/23/2012 Live Update

[SB73]

GDX with a major reveral forming. Cobra any thoughts on this one?

GDX rebound might have legs, but it's just a rebound so far.

Thanks

[Cobra]

a little volume surge here and biggest bull bar, so could see a pullback here, then we'll see.

cobra,im confused with "biggest bull bar, so could see a pullback"

I'll point the bar the next time, gradually you'll understand. I have only a few tricks here, you'll remember all soon or later.

[Cobra]

aapl goes as planed. I expect a higher high (not mean today of course). http://stockcharts.com/public/1684859/c ... /260183775;

[Cobra]

this rebound might have legs.

[KENA]

Leaving early today..Enjoy the inverse dome,if it plays all the way out it will go to 136.37..GTTA

[KENA]

Leaving early today..Enjoy the inverse dome,if it plays all the way out it will go to 136.37..GTTA

Typo..Should be 131.37

[Al_Dente]

Taggard, agree all…
Old OLD days you’d get an allocation of an IPO and the underwriter tells you verbally DO NOT FLIP especially first day but first week also, as they would like to see it grow “legs” before crazy volatility (they use the word “legs”). Unspoken and unwritten is (was) the FACT that if u flip, u will simply NOT be offered an allocation of the next “hot” IPO. Simple as that. No rules, just on the next IPO there are none available to you, so sorry.
[And if they do give me an IPO I know immediately that it will NOT be “hot”].
Maybe things have changed, I don’t know, as they haven’t given me many IPOs since the tech bubble (I liked to flip ‘em). I am on their unwritten unspoken “s**t list” and it’s perfectly legal…
GL buddy

[Cobra]

reversal of reversal of reversal, let's see who's the final winner. usually a strong move after we have a winner.

[EvilTrader]

Most folks are totally deluded the central banks and other monetary authorities will let the system explode like 2008.

They saw hell and know what that will bring...terrible things, maybe full scale war !

Let the markets speculate, but liquidity will be there, QE 3, QE4, QE5.... just look at japan.

Yeah, we may run and run and go nowhere, but we wont fall off the global economic cliff.

Im sure the money printers are watching the equities and bonds very closely.

[Cobra]

goog, I'll maintain the target: http://stockcharts.com/public/1684859/c ... /265018963;

[KeiZai]

Good link about consequences of a Greek eurozone exit : http://www.ft.com/intl/cms/s/2/0a35504a ... z1vcxFBKd2

Note: To move forward you have to click on the right 1,2,3,4

[Cobra]

as I said, the winner takes the sharp move. too bad I was stopped out AGAIN with nothing, oh, lost some trading commission to IB....

[TraderGirl]

Seeing weakness on 1 minute..support at 1300 and then 1299....

[Richarab]

still looks like you maintain upward bounce?

[KeiZai]

goog, I'll maintain the target: http://stockcharts.com/public/1684859/c ... /265018963;

Agreed master, hanging on fibo with good support

[iamtom07]

as I said, the winner takes the sharp move. too bad I was stopped out AGAIN with nothing, oh, lost some trading commission to IB....

cobra, who wins so far

[Cobra]

still looks like you maintain upward bounce?

yes, for now. I change fast though.

[Cobra]

as I said, the winner takes the sharp move. too bad I was stopped out AGAIN with nothing, oh, lost some trading commission to IB....

cobra, who wins so far

It's obvious on the chart.

[MrMiyagi]

IWM p-bar down to 71.28$.. long way down.

[Petsamo]

The big advantage that F had at the start of the day is almost gone