06/26/2012 Live Update

[Unique]

Cobra, bank on it, $20 bucks per month (that's only a buck per day). Or go high end and knock out some people. Seeing how it's a few thousand views per day, you get at least 1k subs and 20k per month. Good money to put some more resources to hiring a fully paid Mod

[wayne0708]

Just had myself a cup of coffee. Now let it ride up to close PLEASE

[Cobra]

fib info, as you can see, the pullback stopped at Fib 61.8%.

[Major]

so far, I get only one PM. this is your opportunity to make this forum better, so if you have something to say, please step forward.

I tend to keep the forum free, on the condition that it doesn't take me much time to discipline here.

Another solution is to select a Moderator to make sure the discussion here is for trading related topic only. If you like the idea, please also let me know.

A moderator just adds and administrative layer that is unnecessary. The user base of this blog is broad enough that unacceptable postings are rapidly referenced by a number of users and that usually controls the problem. There have been prior problems similar to the current one and they have been resolved by the group without the need for a moderator (possibly, however, with help from you with a PM to the offending party).

Let's keep it simple.

[KeiZai]

getting back to what we're supposed to be doing...trading...

my /CL chart tells me there's more downside ahead as we're carving out yet another triangle below the relatively significant $80 round handle...

my AUD/JPY chart shows a touch of the 50% retracement of the previous downleg last Thursday. that's usually the max pullback allowed on the way down, and it's been dropping since then. i don't say these are confirming factors for equities, but they may give a couple nods to the bearish case.

Thanks jarbo I have target around 75...this target will be very good opportunity to go long all energy related stocks into Q3

[Tutti]

How about people just agree to behave and talk stocks. it cant really be that hard.

[Richarab]

so far, I get only one PM. this is your opportunity to make this forum better, so if you have something to say, please step forward.

I tend to keep the forum free, on the condition that it doesn't take me much time to discipline here.

Another solution is to select a Moderator to make sure the discussion here is for trading related topic only. If you like the idea, please also let me know.

A moderator just adds and administrative layer that is unnecessary. The user base of this blog is broad enough that unacceptable postings are rapidly referenced by a number of users and that usually controls the problem. There have been prior problems similar to the current one and they have been resolved by the group without the need for a moderator (possibly, however, with help from you with a PM to the offending party).

Let's keep it simple.

Agreed



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[Cobra]

Cobra, bank on it, $20 bucks per month (that's only a buck per day). Or go high end and knock out some people. Seeing how it's a few thousand views per day, you get at least 1k subs and 20k per month. Good money to put some more resources to hiring a fully paid Mod

Thanks, but it's not the idea now. If I make this forum private, I need give signals on how I day trade (yes, I have very high winning rate) but the people allowed in the forum would be very limited, say, no more than 100, otherwise it'd affect the trading. I really don't like small group, it's simply a waste of my talent. But thanks for the suggestion.

[wayne0708]

I am totally with Cobra.

[Cobra]

you don't want to see a consolidation here below double top neckline. it'd only mean continuation.

[Mr. T]

UUP triple top....... problem for the bears if it breaks down.

[Richarab]

ES looks like a rickety ship
With someone blowing a megaphone

Spx back kissed 20ma

ES should hit cobra target of 1298 shortly ( his first post mentions this)


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[Unique]

SPY , /ES still a shake-fest...these days are BS in the beginning

[wayne0708]

Did I miss a chance to short this morning. Can't believe it.

[Hardy]

Everyone that post anything except what concerns trading should be banned from this forum

[KeiZai]

LOL welcome back silverboy

[wayne0708]

Everyone that post anything except what concerns trading should be banned from this forum

With all due respect, but your statement has nothing to do with trading either. I'm just saying

[BenAndLloyd]

Howdy,
I suggest we add a like/dislike button to every post. Three strikes and you are out (the post gets deleted)! Add exceptions for Cobra, Al, TG et al and you have a system that doesn't need moderated.

[jarbo456]

getting back to what we're supposed to be doing...trading...

my /CL chart tells me there's more downside ahead as we're carving out yet another triangle below the relatively significant $80 round handle...

my AUD/JPY chart shows a touch of the 50% retracement of the previous downleg last Thursday. that's usually the max pullback allowed on the way down, and it's been dropping since then. i don't say these are confirming factors for equities, but they may give a couple nods to the bearish case.

Thanks jarbo I have target around 75...this target will be very good opportunity to go long all energy related stocks into Q3

yes, that's my near term target as well. pretty blunt on the chart...previous low of 74.95 on 10/4/11...but it also coincides with a measured move out of the larger triangle we just broke below. i'll give it 75-76 range. i have a finger on the trigger to buy energy names above 80.

[KeiZai]

One option...I am in wait and see mode atm