06/08/2012 Live Update

Claire · Post by **Claire** » Fri Jun 08, 2012 9:55 am

options exp is next week

KENA · Post by **KENA** » Fri Jun 08, 2012 9:57 am

June 16 is the one I think you are refering to.

Al_Dente · Post by **Al_Dente** » Fri Jun 08, 2012 10:02 am

1min internals
Nydec >2000 near open, she’s now giving it back a bit
(“bear trend” INTRADAY is unofficially dec>2000)

dr659 · Post by **dr659** » Fri Jun 08, 2012 10:04 am

brandyjoco wrote:Isn't today options expiration? Last time it was quadruple options expiration - the market headed south. Maybe it will turn it around this time starting after expiration? Any opinions?

This is only the second Friday Next week is # 3 Must be 5 fridays this month

Post by **Cobra** » Fri Jun 08, 2012 10:05 am

fib info, maintain the plan.

brandyjoco · Post by **brandyjoco** » Fri Jun 08, 2012 10:19 am

Any ideas on NUGT?

KENA · Post by **KENA** » Fri Jun 08, 2012 10:21 am

The early action chart did not hit 20 but did hit 19.62 so we could see a trend change to up..The next chart the # of weak stocks are decreasing and the red and green are close to merging giving advantage to the bulls.I may front run the charts today with maybe SPY calls just to get my toes wet. Liquidity had another up tick yesterday..But anyway I will waite a bit and see.(charts by Stocktiming)

Mr. BachNut · Post by **Mr. BachNut** » Fri Jun 08, 2012 10:24 am

Pilot Long.
Did the minimum I thought was worthwhile to honor the triggered setup.
Was fortunate to get in near yesterday's low.
Will add opportunistically. Looking for a test of the overnight low.
How about some negative P-bars today Miyagi?
This will be a 1/3 position once full given risk profile.

OverUnder · Post by **OverUnder** » Fri Jun 08, 2012 10:25 am

Contination triangle.

TraderGirl · Post by **TraderGirl** » Fri Jun 08, 2012 10:26 am

NUGT looks like it has 5 waves down, so after a rebound could mean more down....

Richarab · Post by **Richarab** » Fri Jun 08, 2012 10:31 am

GS gold futures yesterday spiked at 200 ma during its drop rebounded there
Only to collapse after hours to touch prior launch pad of 1524 - there is a lot of gravity below - a lot - pierce 1500 and you are looking at 1250
No joke

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Richarab · Post by **Richarab** » Fri Jun 08, 2012 10:32 am

Ps - their is no debt associated with gold - that may actually be its undoing -

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Al_Dente · Post by **Al_Dente** » Fri Jun 08, 2012 10:32 am

KENA wrote:The early action chart did not hit 20 but did hit 19.62 so we could see a trend change to up..The next chart the # of weak stocks are decreasing and the red and green are close to merging giving advantage to the bulls.I may front run the charts today with maybe SPY calls just to get my toes wet. Liquidity had another up tick yesterday..But anyway I will waite a bit and see.(charts by Stocktiming)
sc.png
-%20AAA.png

Thnx kena
I wonder what they r using for their “early action initiator ratio”
I know it’s proprietary, but do they blabla about it at all?

brandyjoco · Post by **brandyjoco** » Fri Jun 08, 2012 10:33 am

Interesting chart on Nugt. Looks like some resistance at the bottom of the channel at 12.20ish or so. If can make it back into that channel do you think it could rebound up to the the top of the channel again? Thanks...

Richarab · Post by **Richarab** » Fri Jun 08, 2012 10:34 am

RTH a leading indicator for me is rather bullish today all things considered
Above 41 is jolly right to retailers ands it's solid today

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BullBear52x · Post by **BullBear52x** » Fri Jun 08, 2012 10:38 am

GLD and a GOLD digger

Mr. T · Post by **Mr. T** » Fri Jun 08, 2012 10:39 am

Miyagi, hit the turbo button.....

Richarab · Post by **Richarab** » Fri Jun 08, 2012 10:42 am

Mr. T wrote:Miyagi, hit the turbo button.....

green one please
Not that scary red one

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uempel · Post by **uempel** » Fri Jun 08, 2012 10:43 am

Two signals, one due soon, the second one shortly before 2:00 pm (FB IPO information due at 2:00 in the afternoon?!?)

BullBear52x · Post by **BullBear52x** » Fri Jun 08, 2012 10:43 am

From what I can smell, new LOD will get me interest in selling intraday.

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