06/07/2012 Live Update

[Cobra]

But if you say the same thing in your tonight's report for subscribers, then it still counts, right? That's what I thought somebody was complaining about.

new target. not enough time for today. and please do remember everything I say here would be invalid when the closing bell rings.

Yes, the night's report covers short-term, intermediate-term and long-term, so it should be valid for at least a few days.

Thanks for understandings, really.

[snakehead]

Great rant by santelli


On CNBS NOW !!!

[CognitiveDissonance]

I really don't think it's "Obama" that is the only problem with fracking. I've heard reports of earthquakes from someone who lived near it. It's silly to make Obama be the bad guy in trying to be careful with this. We can't just grab whatever we want out of the Earth however we feel like doing it, because it would make us "prosperous". How about finding a better way to get at the oil. We could probably manage that in a few years.

Environmental impact

New York State Assembly members Robert Castelli and Steve Katz call for a moratorium on hydraulic fracturing in the Croton Watershed in October 2010.
Main articles: Environmental impact of hydraulic fracturing and Environmental impact of hydraulic fracturing in the United States

Hydraulic fracturing has raised environmental concerns and is challenging the adequacy of existing regulatory regimes.[47] These concerns have included ground water contamination, risks to air quality, migration of gases and hydraulic fracturing chemicals to the surface, mishandling of waste, and the health effects of all these.[5][40][33]

A University of Texas study listed water contamination and consumption, blowouts, explosions, spill management, atmospheric emissions, and health effects as associated problems.[14] The UT study described the environmental impact of each part of the hydraulic fracturing process, which included:[48][49]
Drill pad construction and operation
Construction, integrity, and performance of the wellbores
Injection of the fluid once it is underground (which proponents consider the actual "fracking")
Flowback of the fluid back towards the surface
Blowouts, often unreported, which spew hydraulic fracturing fluid and other byproducts across surrounding area
Integrity of other pipelines involved
Disposal of the flowback, including waste water and other waste products

All but the injection stage were reported to be sources of contamination

The contamination studies were extremely limited and are now blown out of proportion. The more recent ones have more valid research designs. The whole thing has turned into such a propaganda piece that's it tough to discuss it. Of course, your president truly had a role in framing the issue

[Petsamo]

I really don't think it's "Obama" that is the only problem with fracking.

Maybe you have war stories on why Obama and the environmentalists are standing in the way of the Keystone Pipeline.

[Al_Dente]

BUBBA:
Today’s close 132.05

[BullBear52x]

BUBBA:
Today’s close 132.05

see my blog, buy the dip is still kicking.

[Al_Dente]

Bubba I like yr real purty colorful one
Here see STO almost (almost = not yet = can signal overnight via gap)
Elders first red since the “bottom-oid”
She really wants to test the MAs bub
VOLUME RATIO bub…(plus trin which is honey badger ad/volume ratio not pictured here)
Plus weakness of AD (could go either way tomor)
Plus NO MONSTER long squeezes like in nov jan feb etc
Plus cobra’s ChiO 60min top kicked in today, not on this chart (sometimes very ST)
She’s toast bubba aaaaaaaaaaaaa at least until tomor morn…………

[Petsamo]

In case there's a gap up tomorrow, which I'm betting against, my indicators are predicting a gap up.

[ClarkW]

Bubba I like yr real purty colorful one
Here see STO almost (almost = not yet = can signal overnight via gap)
Elders first red since the “bottom-oid”
She really wants to test the MAs bub
VOLUME RATIO bub…(plus trin which is honey badger ad/volume ratio not pictured here)
Plus weakness of AD (could go either way tomor)
Plus NO MONSTER long squeezes like in nov jan feb etc
Plus cobra’s ChiO 60min top kicked in today, not on this chart (sometimes very ST)
She’s toast bubba aaaaaaaaaaaaa at least until tomor morn…………

67toast.png

LOVE THE TERM 'WUSS ZONE"

[xfradnex]

DMA 20 now at 1316.36, a close below would be bearish and suggests that this rally was nothing else than a good-bye kiss. But I have a bullish bias...

3.png

Umpel - Whats the call now, one Point below your threshold. before Benanke does another move to pretend he is going to shoot out another QE.

[xfradnex]

Although there was a pullback it looks like the Daily Elders are the same as yesterday(mainly Green). Buy pullback