07/20/2012 Live Update

[xfradnex]

Barton Biggs, Rest in Peace
http://seabreezepartners.net/letters&id=1236&catid=15

Did you know him?

HELLO DR. X
u are in early?!!
No, I just read his book "Hedgehogging"

I guess you would recommend his book! My day off. I wanted to see if she rolls over today, breaking that channel you marked. I think we have reached high investor risk levels; the fight up here will be harder,but not impossible. I have noticed over the last few years that the end of July can be a turning point, volatility at least. With the drought esp.. No corn, higher gas. Need to add corn based fuel into gas at a higher level. Gas should be much more sensitive than oil.

[Cobra]

no comments, let's wait for the breakout first, either upside or downside.

[BullBear52x]

so far 3 buys fail, only add fuel to sell the rip grew.

[SWalsh]

Thank you, every dog got its day, today is my day!

"IF" this plays out, we have all three wave moves up and they could be completed. That would make this not a wave 2 correction (and it's difficult to get a clear wave 1 down) but rather a 5th wave failure.

Of course what the HFTs do will determine where we go, but if selling enters in a magnitude strong enough, they will stand aside. 200 down on the Dow could get interesting:

[ClarkW]

Thank you, every dog got its day, today is my day!

"IF" this plays out, we have all three wave moves up and they could be completed. That would make this not a wave 2 correction (and it's difficult to get a clear wave 1 down) but rather a 5th wave failure.

Of course what the HFTs do will determine where we go, but if selling enters in a magnitude strong enough, they will stand aside. 200 down on the Dow could get interesting:

Great chart SWalsh, thanks for sharing!

[OverUnder]

Anybody else just feel a cold wind blow through the market?

[BullBear52x]

Thank you, every dog got its day, today is my day!

"IF" this plays out, we have all three wave moves up and they could be completed. That would make this not a wave 2 correction (and it's difficult to get a clear wave 1 down) but rather a 5th wave failure.

Of course what the HFTs do will determine where we go, but if selling enters in a magnitude strong enough, they will stand aside. 200 down on the Dow could get interesting:

136.65 is the number I am eyeing today on SPY.

[xfradnex]

Anybody else just feel a cold wind blow through the market?

That feeling may be an opportunity for the HFT boys.

[BullBear52x]

Chart of the day

[KENA]

Some experts say we reached the peak at 1422 in April..Others say the mkt will peak end of July..This will be something to watch in the next few days..Note at the peak the mkt will be in a long term down trend.

Who knows maybe we may be point 25 now.Lets wait and see.

[Out of Bounds]

3 day spy - BULL IS DEAD

[xfradnex]

Some experts say we reached the peak at 1422 in April..Others say the mkt will peak end of July..This will be something to watch in the next few days..Note at the peak the mkt will be in a long term down trend.

george1.png

Who knows maybe we may be point 25 now.Lets wait and see.

Is there any way we could be at 27?

[ClarkW]

Chart of the day

Great chart BB52x!

[Ed02]

Cobra,
Any moving target now? Thx.

[Mr. T]

3 day spy - BULL IS DEAD

My T mind is running on fumes = I thought your name was "out of blondes"


Sorry Tradergirl....... no pictures of blonde guys please

[KENA]

Some experts say we reached the peak at 1422 in April..Others say the mkt will peak end of July..This will be something to watch in the next few days..Note at the peak the mkt will be in a long term down trend.

george1.png

Who knows maybe we may be point 25 now.Lets wait and see.

Is there any way we could be at 27?

Not by what I have been reading..There are a lot of opions out there but only a few reliable ones.

[BullBear52x]

Chart of the day

Great chart BB52x!

[ClarkW]

Paging Cougar or other Harmonic traders. POSSIBLE bullish Gartley http://www.harmonictrader.com/price_patternsgartley.htm on GDX (daily). Not sure the importance of the two "wings" being similar in time but there's definitely some confluence in the fib areas (see chart). This along with $BPGDM @ 7.14 (lowest since beg. '09) MIGHT make for a pretty powerful move in the next couple days/week(s) as it could go down to $40.15 and the pattern could still be valid

NOT A RECOMMENDATION!

[stucap]

Sorry for my lack of charts lately --- Have a glitch on my Thinkorswim platform that shuts it down every time I try and save a chart to file.
Anyhow, this one was worth going a roundabout way to capture for the Cobra crew.

We're at support --- We fail here, today gets VERY ugly and the uptrend may be in jeopardy? Probably a few support lines between here and disaster (like the wedge I'm seeing above a bunch).

See Blue Channel on chart.

[EvilTrader]

Anybody else just feel a cold wind blow through the market?

yeah, through the whole world, as weird things are happening.