06/08/2012 Live Update

[Al_Dente]

GLD and a GOLD digger

Ditto here on renko
After her fake-out (trap?) buy signal last wk, she went sell sig
Ps thank u richarab

[Petsamo]

My X doesn't know which way up is

[Al_Dente]

TICK beeping like a badger

[Mr. T]

Miyagi, hit the turbo button.....

green one please
Not that scary red one


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I second that.

[Cobra]

resistance. volume surge, biggest bar, so might see pullback here then probably another leg up.

[Claire]

Cobra - does this still look like we can expect another leg down to a lower level?

[Cobra]

aapl bull flag? http://stockcharts.com/public/1684859/c ... /260183775;

[Claire]

whoops -- didn't get to see your last post before I asked whether you expect a lower low -- I guess your last post expecting another leg up cancels the former leg down.

[KeiZai]

Obama : http://www.c-span.org/Events/Pres-Obama ... 7431380-1/

[KENA]

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)

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-%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?

No they don't give any details on how they come up with the ratio.They give a short bla bla on what the chart is doing etc and I just try to summerize.I type slow.

[Cobra]

whoops -- didn't get to see your last post before I asked whether you expect a lower low -- I guess your last post expecting another leg up cancels the former leg down.

good, we're constantly on the move. in fact I'm not sure lower low anymore, not sure is not equal to it won't. for me it's not important, as long as I know the current up leg is not over. I'll worry about the lower low later when I see the pattern. pattern tells you everything, so why bother to guess?

[Mr. T]

Obama : http://www.c-span.org/Events/Pres-Obama ... 7431380-1/

He's giving an overview of the problem. We already know the problem!!!

He's knows the solution = print. So just say "we have the answer - we're starting QE3, Op Twist 2, AND extending the tax cuts, AND paying people to buy homes and cars", then as the press release ends "Oh I have a special message for Europe" [raises middle finger].

How hard is that? Duh.

[Mr. BachNut]

$ is up. Long bond is up. Equities are up.

Only allowed to have two.

Somebody has to switch teams...

[Michelle]

aapl bull flag? http://stockcharts.com/public/1684859/c ... /260183775;

Looking at AAPL on the daily for the last four weeks it looks like an ascending triangle. Target approx $610.00ish.

[TraderGirl]

$ is up. Long bond is up. Equities are up.

Only allowed to have two.

Somebody has to switch teams...

Agree with you Bachnut....usually bonds and currency is leading....

[Richarab]

Obama : http://www.c-span.org/Events/Pres-Obama ... 7431380-1/

He's giving an overview of the problem. We already know the problem!!!

He's knows the solution = print. So just say "we have the answer - we're starting QE3, Op Twist 2, AND extending the tax cuts, AND paying people to buy homes and cars", then as the press release ends "Oh I have a special message for Europe" [raises middle finger].

How hard is that? Duh.

I like the assessment
But to better show his empathy for Europe he might want to raise two fingers (no, not the peace sign)


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[xfradnex]

CHK looks to be in position for more up. 5min. working on 18.00 level in wedge

[Al_Dente]

AD in color on top is not very green yet…..
my TRIN (honey badger) sell was beeping at 1.6

[BullBear52x]

Another disappointment day on the Bulls. I am getting impatience now.

[uempel]

SPX DMA 20 is the Rubicon, now at 1314...