05/07/2012 Live Update

[johnnywa]

Cobra,you think we are due for a relief rally rest of day?

[Petsamo]

Block trades on EWP: trades: 6 b/s ration: 5.0 MF: $1.00M

There were 5 buys for every 1 sell on EWP ?

That's what AVAFIN reports. Right now they show - 8 trades b/s ratio of 2.53

http://finance.avafin.com/blockTrades?t ... dustryId=0

I'm no longer in EWP. My swing trade of EWZ -> EWP -> EWZ yielded 15 free EWZ shares!

[Cobra]

for all the questions, let's see how this revisit the morning low goes first.

[KeiZai]

Silver not looking good

[cougar]

After an engineered flat top, IWM dropping now!
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Message delayed a lot....by the well-known: "At least one new post has been made to this topic. You may wish to review your post in light of this"
LOL!

[Cobra]

key time. cannot make a decisive lower low then bulls have chances.

[Cobra]

good bull bar. let's see the next few bars. bulls have hopes now.

[Mr. T]

Hey Miyagi's Ghost..... any P-Bars today?

[pezhead9000]

Buying on weakness SSO
block trades: 43
B/S: 1.6
MF: $9.47M

[MrMiyagi]

Hey Miyagi's Ghost..... any P-Bars today?

Nothing that matches your hair!

[ClarkW]

Disclosure: I'm LEARNING harmonic patterns. Late last week I posted a chart showing crab pattern on SLV but appears my target figures were incorrect . On chart below are the range of targets based on http://www.harmonictrader.com/price_patternscrab.htm I'm still long AGQ (for now) because also long SDS, TZA, SMN

[MrMiyagi]

SPX 1500 here we come!!

[KeiZai]

Disclosure: I'm LEARNING harmonic patterns. Late last week I posted a chart showing crab pattern on SLV but appears my target figures were incorrect . On chart below are the range of targets based on http://www.harmonictrader.com/price_patternscrab.htm I'm still long AGQ (for now) because also long SDS, TZA, SMN

Normal thing, nobody can be right all the time was good for a bounce btw...i see falling wedge on silver but can fail very quickly

[Petsamo]

It looks like I left Spain too early

[Cobra]

update, no comments, wait, so far so good for bulls.

[cougar]

Possible scenario: Indices drop after Europeans turn into pumpkins!

[johnnywa]

Possible scenario: Indices drop after Europeans turn into pumpkins!

Why?

[Petsamo]

Possible scenario: Indices drop after Europeans turn into pumpkins!

How about indices drop after Europe closes

[Cobra]

I still think there're chances the low for today was in but it's necessary to wait for the breakout to confirm because it could be a symmetrical triangle case.

[KeiZai]

I think tomorrow will be Europe RED