05/23/2012 Live Update

[Al_Dente]

see, who had the doubt about my bounce call, please stand up.

not me boss
it was that other guy
i swear

[Cobra]

now anyone sees H&S Bottom here?

yes and a bearish wedge

NaN, wedge usually doesn't work. The reason is most guys here, I believe, don't eat vege...

[TraderGirl]

see, who had the doubt about my bounce call, please stand up.

not me boss
it was that other guy
i swear

Big Al, why are the Vixies not playing along with this rally??? XIV not buying along with this...???

[MrMiyagi]

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

Ouch!!

Hey TG, do you post on other forums, some may say cough*polyforumic*cough?

[Richarab]

now anyone sees H&S Bottom here?

yes and a bearish wedge

NaN, wedge usually doesn't work. The reason is most guys here, I believe, don't eat vege...

yesterday it recovered to just barely finish green. could it recover again? to finish green? and keep that 7 day rule alive? possible? am i drinking funny rose water?

[Cobra]

consider the 1st target met, I'll.

[EvilTrader]

now anyone sees H&S Bottom here?

yes and a bearish wedge

NaN, wedge usually doesn't work. The reason is most guys here, I believe, don't eat vege...

yesterday it recovered to just barely finish green. could it recover again? to finish green? and keep that 7 day rule alive? possible? am i drinking funny rose water?

LMFAO i was thinkin exactly the same thing here.

Market does the unexpected, i guess....usually.

So "the world will gonna end greece to leave the euro" stuff is replaced by "coordinated action by the ECB and FED to capitalize banks" and so goes the roller-coaster.

Its funny, once you get used to it, you stuck to technicals and probability, thats it.

[Cobra]

this rebound has legs. maintain the target.

[TraderGirl]

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

Ouch!!

Hey TG, do you post on other forums, some may say cough*polyforumic*cough?

No, do I need another forum? I am a loyal follower....

[Al_Dente]

Taggard are u bored today or what…haven’t seen u post so much since…
Me bored too…flat…can’t grab that bounce just yet… even though honey badger is starting to go nuts…

This is the Honey Badger reference. Honey Badger is crazy.
[“I’m at work” advisory]: http://www.youtube.com/watch?v=m7pGZudN8rE

And a musical distraction:
http://www.youtube.com/watch?v=UtgXus3eiII

[Ed02]

Cobra, if we close here today, will tomorrow be bear biased? Thanks

Still hard to say. You can imagine I repeat exactly the first sentence in the last night report, with 100% Measured Move target this time though. Sorry, TA, sometimes is like this, certainly there's a gray area where it tells neither direction.

One thing is true though: Now chances are very high this is just a rebound. So my big picture evil plan will still be in play.

Cobra, could you explain a little more you think "this is just a rebound"? Feeling? Thx.

[cougar]

Mini-bounce now! GLD first!
For a trade: sold to open weekly GLD 150P, at high premium... expiring in 2.77 days... LOL!

...when I also sold DUST.....
and this is what followed - monitored on GLD:

[lcgllc]

"Euro Bond" talk fuels last lift...good luck with that, and 5 min H&S reversals last that long, 5min

[taggard]

[quote="Al_Dente"]Taggard are u bored today or what…haven’t seen u post so much since…
Me bored too…flat…can’t grab that bounce just yet… even though honey badger is starting to go nuts…

not bored--just finished a long drive and was away from markets for 7 days--so hanging out just watching--will shut up soon enough as get back into it.

hang in.

[Cobra]

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

Ouch!!

Hey TG, do you post on other forums, some may say cough*polyforumic*cough?

No, do I need another forum? I am a loyal follower....

[MrMiyagi]

No, do I need another forum? I am a loyal follower....

Then I guess there are more than 1 TGs floating around.
Good charts, wish you could use a white background though!

[Cobra]

Cobra, if we close here today, will tomorrow be bear biased? Thanks

Still hard to say. You can imagine I repeat exactly the first sentence in the last night report, with 100% Measured Move target this time though. Sorry, TA, sometimes is like this, certainly there's a gray area where it tells neither direction.

One thing is true though: Now chances are very high this is just a rebound. So my big picture evil plan will still be in play.

Cobra, could you explain a little more you think "this is just a rebound"? Feeling? Thx.

tonight. but still not 100% this is just a rebound, I'll say bears stand better chances. like the football game, bears had the touch down and now still attacking, bulls may still have chances but first all need defend well.

[Al_Dente]

see, who had the doubt about my bounce call, please stand up.

not me boss...it was that other guy...i swear

Big Al, why are the Vixies not playing along with this rally??? XIV not buying along with this...???

TraderCrepesNutella
Yea i saw that too…
Don’t u love how XIV likes to lead
sometimes
As soon as we get all comfortable with that
She’ll change it up on us
It might just be a matter of time….as the other vixies are slowly entering some kind of gravity pull (?)

[Petsamo]

If anyone's gonna place bets for a gap up tomorrow, don't bet the house

[Cobra]

a little consolidation here would be good for bulls. I still think this rebound has legs.