05/14/2012 Live Update

[Al_Dente]

$NYDEC grazed 2600 this morn
Last time it was bear-skewed that high was 6 march (and almost 10 april)

I’m remote; see u tomorrow… GL2all

“I would invest in Facebook …and I don’t care what the opening price is …” [Woz]
http://www.bloomberg.com/video/92560889/

“You’re not as smart as you thought, and they are not as dumb as you’d hoped.” [some “guest” on Bloomberg this morn]

[Petsamo]

p-bar SPY 135.60$.

The p-bar from Friday that everyone saw hasn't even been met yet

[MrMiyagi]

p-bar SPY 135.60$.

The p-bar from Friday that everyone saw hasn't even been met yet

It was at 137.00$. I give these a week tops to work out.

[Mr. T]

p-bar SPY 135.60$.

The p-bar from Friday that everyone saw hasn't even been met yet

That's the new trick of the sharks:
Step one = create a P-Bar
Step two = let the retails buy it
Step three = retails find out ofter buying it, it's just a bar that JPM pee'd on

Wash hands and wait for the next one.

[johnnywa]

trendlines

Of course it never works out that way,market will trick you and bottom out around 1293 or blast thru 1260

[MrMiyagi]

Not if you kick their arses Mr T!

[TradingJackal]

small IHS forming on SPX.

[EvilTrader]

Im watching VIX, opened and still out of BB now.

Maybe a short term capitulation.

We may see a reversal of a reversal ( as cobra calls it ) even today !

Expect a short term bounce this week. Hey, its OpEx week, market is crazier than normal !

[Mr. T]

Not if you kick their arses Mr T!

There's always that option......

[TraderGirl]

Looks like we could be at support here in this downtrending channel. If the market gets footing here, we could back to the 1360's to 70's for the potential big event on Friday - Facebook. I think they are trying to dump this thing before the market tanks...

[TraderGirl]

SLV is below support #1.

[TraderGirl]

TMF broke out today. Maybe it backtests breakout if we get a small rebound...

[SWalsh]

Rise of the Machines at 11:34-11:37 in case someone has missed what the mkt is now. This has become daily humor as Romney gets slammed for "buying and selling companies as a private equity firm", while El Presidente collects money tonight from a private equity firm gala event hosted by Blackstone: http://www.weeklystandard.com/blogs/oba ... 44470.html

Is Bernanke's name on that Mayan wheel? I ask because if this is what the market is now, then this is not a market at all as the public is gone. They were gone from about 1933 to about 1950.

[Petsamo]

2 million buy on SPY

[uempel]

I expected a bounce at 1337ish. But this chart shows that support at 1337 might be more important than I anticipated. I'm confused, as I am (or I was) expecting more downside...

[Cobra]

this rebound has legs.

[TraderGirl]

21.50 seems to be the line in the sand for VIX...I think if we break this level, it's all downhill....

[Cobra]

volume surge, on OR high and EMA, so might see rebound here.

[MrMiyagi]

I like legs... long powerful seductive legs...

[roamingjan]

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