07/12/2012 Live Update

[KENA]

typical pullback target. bulls, please pray here.

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DogPrayingBuddhistTemple.jpg

Your very young looking...I like your dog.

[soku]

typical pullback target. bulls, please pray here.

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DogPrayingBuddhistTemple.jpg

Your very young looking...I like your dog.

idk cobra is a monk. wow

[noob]

Tonight's report might have to discuss about 6 down days for SPX?

[TraderGirl]

"potential" bear flag on NUGT, I say potential because it hasn't touched bottom trend line more than once..

could also be ascending triangle....

[Unique]

now all targets have been met. but I still didn't recover all I've lost on the bear side this morning, so some bailout package please, vote for me: http://stockcharts.com/public/1684859

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cat-pray.jpg

You get money from being the top?

[MrMiyagi]

I think you had a p bar in SPY $139.4 in your back pocket few days ago. Maybe the next step is 139.4 .

[Cobra]

now all targets have been met. but I still didn't recover all I've lost on the bear side this morning, so some bailout package please, vote for me: http://stockcharts.com/public/1684859

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cat-pray.jpg

You get money from being the top?

No. But it can attract more readers here, that's what I want. Thanks.

[Cobra]

Tonight's report might have to discuss about 6 down days for SPX?

Check yesterday's all down 5 days chart carefully, it's already covered today. A tip: check all the red arrows cases.

[Al_Dente]

COBRA
Love yr monk and dog praying
Double the prayers = double the results
thanks

[noob]

Tonight's report might have to discuss about 6 down days for SPX?

Check yesterday's all down 5 days chart carefully, it's already covered today. A tip: check all the red arrows cases.

Nice! Thanks!

[fulkdaddy]

Reason for the rally I am hearing is there will be a WSJ online story coming out at 2:30 about what is going to be in QE3. Lets see. Anybody have a subscription? If so, please post the story.

[Cobra]

pray this is a diamond as continuation pattern (I favor this) instead of diamond top.

[ballatines]

Cobra, not sure if you can include FXI analysis in ur public chartlist? all my friends in Hong Kong will vote on u until we lost all the money

[fehro]

seems like it's a battle at the 50 day SMA

[Petsamo]

So fellas, assuming we finish with a white bullish-looking candlestick, but we don't do a higher high, are we still in a downleg ?

[Cobra]

COBRA
Love yr monk and dog praying
Double the prayers = double the results
thanks

[Cobra]

Cobra, not sure if you can include FXI analysis in ur public chartlist? all my friends in Hong Kong will vote on u until we lost all the money

HK people trade FXI? I thought you trade $HSI.

FXI for now looks not good to me.

[tkvprasad]

Cobra, if my guess is correct, we can expect one more leg down before making highs above 1374.81, because the lower trendline u have drawn on 15 chart in y'day report touched on SPY

[Petsamo]

Anyone have a chart on UVXY? Is that a good buy?

UVXY doesn't jive or run contrary to SPY, why mess with it ?

[OverUnder]

I don't see a wedge here, I see a channel that may very well be reclaimed. It would sure be interesting if China's numbers weren't as bad as expected. See that green candle about 9 days ago? Hmmm didn't I hear something about a 10 day rule.