05/09/2012 Live Update

[BullBear52x]

Baron von MoneyMan gets the prize for weekend notice that there were too many bears on board.
The simplest stuff is so often the best….we didn’t even need a poll for that one…
But 30, 60 min charts show that bulls have a lot to prove before we can call the game…
I’m fine now, thanks 4 asking

[PS: 30 min here......but glance at Cobra's ChiOsc on the 60min]

59thirty.png

If 6 year old can understand your charts, you're too simple simple is best to me. later boss.

[ClarkW]

Baron von MoneyMan gets the prize for weekend notice that there were too many bears on board.
The simplest stuff is so often the best….we didn’t even need a poll for that one…
But 30, 60 min charts show that bulls have a lot to prove before we can call the game…
I’m fine now, thanks 4 asking

[PS: 30 min here......but glance at Cobra's ChiOsc on the 60min]

59thirty.png

60 min. ChiOsc is definitely up there. Good catch and thanks for sharing!

[Cobra]

I really don't want to see another test on the downside, bulls must do something now.

[ClarkW]

KEEP SHORTING THE MINERS - GDX IS HEADED TO 150 - PAULSON THE HEDGE FUND MGR WHO HOLD MUCH OF THIS JUNK IS IN FORCED REDEMPTION MODE 100s OF MILLIONS OF SHARES.

How do you know he still owns and holds that many shares?

[Cobra]

a little bad news is ChiOsc is a little too high now, not extreme enough but still a little too high.

[Al_Dente]

Baron von MoneyMan gets the prize for weekend notice that there were too many bears on board.
The simplest stuff is so often the best….we didn’t even need a poll for that one…
But 30, 60 min charts show that bulls have a lot to prove before we can call the game…....

59thirty.png

If 6 year old can understand your charts, you're too simple simple is best to me. later boss.

Dude von MoneyBags
My rainbow ribbons are still wide open, they aren’t tightening up much yet
Yours?
Only reason I ask is I only have them on 15min (slight tightening) and 30min (wide open), and I know u have them all over the place…

PS: don’t u want to throw-down with me today? U know I could whop your arse…..

[MrMiyagi]

You see my confusion?

[Mr. T]

You see my confusion?

That's sooooooo mean.

[Cobra]

I said no downside touch, now you understand why. not good looking but still bulls are not dead yet, let's see.

As for my bias, I was bear in the morning, missed a tick or two to my target so had a loss on bear then I "bulled", hit the target, out 2/3, but the rest got breakeven stop loss which I was very unhappy because my original plan shouldn't be breakeven out, I just wanted to save a few bucks. The market then had the 2nd leg up to the new day high without me...

I mean I really don't care up or down, I only follow the chart. now the bias is gradually leaning to the downside but still bulls are not over yet.

[TraderGirl]

further weakness ahead maybe???

[Cobra]

looks like I need a new plan, this pullback is way too large.

[TraderGirl]

xiv has a break of TSI on 5 minute, trying to hold support, but may fail....

[SWalsh]

I'm always confused by your Chaz Bono-esque avatar.

I was just thinking this is a great scene if we were able to say, "He said to go back inside and turn the damn machines off".

http://www.youtube.com/watch?feature=en ... 8xcBi1MFu0

[Cobra]

volume keep increasing, hopefully a rebound of some kind soon. I'm neutral.

[MrMiyagi]

We're in POWER HOUR and I did not realize it, no reactions so far, Obama taking a nap.

[Al_Dente]

xiv has a break of TSI on 5 minute, trying to hold support, but may fail....

TraderBubba, nice XIV thanks
btw: will this day ever end?

[rpccharts]

Would not hold the miners bounce... Suspecting a heavy dollar pop into Brit Bank meeting

[Mr. BachNut]

The battle for SPX 1360 rages on...

[Al_Dente]

Baron von MoneyMan ....The simplest stuff is ....
[PS: 30 min here......but glance at Cobra's ChiOsc on the 60min]

59thirty.png

60 min. ChiOsc is definitely up there. Good catch and thanks for sharing!

[SWalsh]

volume keep increasing, hopefully a rebound of some kind soon. I'm neutral.

But what if some of us see the bottom of that green box being filled by the opening.

Rule #1: The mkt can do anything

That said, a move to 136.12ish and a turn would be a nice setup to see a H&S and a drop.