06/25/2012 Live Update

[snakehead]

Don´t have time to post pic but 10ynotes have either double top on 30min or big breakout is underway

If TLT breaks thru 127.50, duck and cover.

[Petsamo]

So who bought da dip ?

Call me nutso, but I did. WMMVY...TEX

TEX had a nice looking inverted H&S, but it failed. TEX's pe ratio is not low enough for me, though. Good luck

[Cobra]

...Gap down below Friday's low so the gap might not be filled.

The Global ES looks like a Bear Flag breakout on the downside and broke the support, the text book target would be deep deep in the sea but I'm not sure as bulls nowadays simply had too many miracle reversals, and from the feedbacks, I cannot believe people simply use my pre-market statement as my judgment for the day's trend and even weeks, even without reading my intra-day update, no to mention all the calls here are for INTRA-DAY ONLY! So let's wait and see.

Cobra: I would find it extremely helpful if you were to continue to post the daily $DAX chart (with H&S neckline), as you started doing a coupla weeks ago ... since there is very strong correlation with what is going on in U.S. markets.

Sure.

DAX doesn't look good, although higher low on this pullback is possible, I tend to think a lower low (i.e. breaks below June low) is more likely - purely chart feelings.

[gappy]

So who bought da dip ?

Call me nutso, but I did. WMMVY...TEX

TEX had a nice looking inverted H&S, but it failed. TEX's pe ratio is not low enough for me, though. Good luck

Thanks it is a hold hoping for a SPY rebound after this dust settles.

[KeiZai]

euro needs to break the blue line then we go down

[KeiZai]

Silverboy still playing in the sandpit

[snakehead]

...Gap down below Friday's low so the gap might not be filled.

The Global ES looks like a Bear Flag breakout on the downside and broke the support, the text book target would be deep deep in the sea but I'm not sure as bulls nowadays simply had too many miracle reversals, and from the feedbacks, I cannot believe people simply use my pre-market statement as my judgment for the day's trend and even weeks, even without reading my intra-day update, no to mention all the calls here are for INTRA-DAY ONLY! So let's wait and see.

Cobra: I would find it extremely helpful if you were to continue to post the daily $DAX chart (with H&S neckline), as you started doing a coupla weeks ago ... since there is very strong correlation with what is going on in U.S. markets.

Sure.

DAX doesn't look good, although higher low on this pullback is possible, I tend to think a lower low (i.e. breaks below June low) is more likely - purely chart feelings.

Thanks, Cobra. You da man!! I agree -- it certainly looks like a retest and confirmation of the broken neckline!!

[uempel]

Good signal on the 30 min at 11.00 am - as it's the 30 min this signal points to 11.00 - 11.30 am...

[uempel]

Cobra, depends where DAX closes, if DAX manages to rally into the close and end at around 6140 things look ok.

[SWalsh]

Don´t have time to post pic but 10ynotes have either double top on 30min or big breakout is underway

If TLT breaks thru 127.50, duck and cover.

128 is a 62% retracement. I'm kinda looking at TLT to breakdown:

[CH37]

Thanks it is a hold hoping for a SPY rebound after this dust settles.[/quote]


didnt have time yesterday night, forget cancel my limited order, got some Aug 17C ...

[Cobra]

I should be more confident about 3 push up 2 leg down pattern on AAPL. hey, it's aapl, who dares to call bear? http://stockcharts.com/public/1684859/c ... /260183775;

[KeiZai]

Google at support

[seeyou]

don't get fooled again .....monster rally after deep lows......... Wednesday..aapl heads list

[KeiZai]

Bounce?

[SWalsh]

don't get fooled again .....monster rally after deep lows......... Wednesday..aapl heads list

Do you have an empirical reason for thinking that? I've got a few things saying long is quite dangerous here.

[TWT]

EURUSD: Does it make any difference if the decline is impulsive or corrective? It sure does

[KeiZai]

Long AGQ watch the squeeze in silver

[Cobra]

no touch of EMA20 for 2 hours, so it's a strong downtrend day.

[gappy]

Thanks it is a hold hoping for a SPY rebound after this dust settles.

didnt have time yesterday night, forget cancel my limited order, got some Aug 17C ... [/quote]
Longbow downgrades to neutral. Price target 30. Starmine Q2 earnings est .50 10 day EMA is 15.98 Tracks SPY pretty good. Good luck.