05/17/2012 Live Update

[Cobra]

usually after 5 consecutive red hourly bars, there'll be a rebound. Now this is the 7th bar.

[Cobra]

members check my last night's Market Outlook for the target (short-term evil plan). We've reached the 1st target.

[victorm]

Ok, DMA 144 is at 1317, but I'm not going to cover until 1307/1300, resp I'll not be buying until 1300ish...

we may bounce back at 1314 though... 1307 on next revisit?

[Petsamo]

bad news

[Al_Dente]

[MrMiyagi]

Straw+camel

[Me XMan]

Free falling

Straw+camel

[Petsamo]

JPM ouch

[SWalsh]

HFT Activity message sent to me:

There is a new algo running on the NYSE today that is flooding the system with spam. If you look at your Graph#1, Stocks with HFT Algo Sequences, it is very high.

The screen with the actual quotes that shows "High Algo Sequence Count" has been flying by to the point, at times, of not being able to read. GREAT....this was gettiung to easy...

[Petsamo]

RIMM has excitement

[Me XMan]

$3B loss and more counting...
Will the sharks gonna take down the giant?

JPM ouch

[Petsamo]

Nice rebound

[Petsamo]

$3B loss and more counting...
Will the sharks gonna take down the giant?

JPM ouch

I'm not in JPM. It has run up so much, it has room to drop

[Me XMan]

Intervention from Benny...

Nice rebound

[uempel]

Ellipse suggests that 1314 is short term support, time signal for about 13:30 pm:

[ronrico]

Gold !!

[Petsamo]

In case you guys didn't catch that, that was a dump and pump

[TraderJoe]

Good volume for a change, normally 50 mil in SPY in the first hour is strong, we are there in 45 mins.

[uempel]

$3B loss and more counting...
Will the sharks gonna take down the giant?

JPM ouch

I'm not in JPM. It has run up so much, it has room to drop

JPM:

[brandyjoco]

Does anyone have any ideas on NUGT? Gold is over a support of 1560.