Page 3 of 9
Re: 07/02/2012 Live Update
Posted: Mon Jul 02, 2012 11:30 am
by TraderGirl
Apple hitting resistance...pausing before a breakout??
Re: 07/02/2012 Live Update
Posted: Mon Jul 02, 2012 11:33 am
by Sleeperz
Could be China still is slowing down.
HONG KONG (MarketWatch) — Chinese manufacturing activity deteriorated at a faster clip in June than a month earlier, as new-order bookings and employment declined further, according to the final result of a survey by HSBC released Monday.
The final reading of HSBC’s China manufacturing Purchasing Managers’ Index for June dropped to 48.2 from 48.4 in May, indicating that business conditions worsened at Chinese factories.
by Petsamo » Mon Jul 02, 2012 8:16 am
Why is USO down? Did Iran back off OPEC threats?
Re: 07/02/2012 Live Update
Posted: Mon Jul 02, 2012 11:34 am
by swayne99
CMG good for a quick pop to 387 today
Re: 07/02/2012 Live Update
Posted: Mon Jul 02, 2012 11:35 am
by TraderGirl
UCO hitting resistance at long term support/resistance line....
Re: 07/02/2012 Live Update
Posted: Mon Jul 02, 2012 11:55 am
by Sleeperz
Oil is falling on disappointing economic data from both China and the US.
SAN FRANCISCO (MarketWatch) — Crude-oil futures retreated Monday, feeling the pinch of a manufacturing slowdown in the U.S. and China and paring the sharp gains made in the previous session.
http://www.marketwatch.com/story/oil-fu ... atest_news
Re: 07/02/2012 Live Update
Posted: Mon Jul 02, 2012 12:01 pm
by SWalsh
Has anyone read and thought of that weekend post about how the computers are now trading and changed the market?
I'm not going to waste 2 hours putting a post together with more of this if sticking heads in the sand is what people here wish to do.
Here's another sliver. The Rise of the Machine (the trading platforms) created the Dot-Com bubble. They push mkts up to drive funds to trade them. Then it broke due to absurd prices and some fundamentals being realized.
Sound familiar? Anyone?....Anyone?...Buehler?
They decided to take down the old boys of Wall Street with their machines. Wall Street was ultimately smarter. They offered them far more money that they thought they'd see and took control of the entire place.
Re: 07/02/2012 Live Update
Posted: Mon Jul 02, 2012 12:02 pm
by Petsamo
GSK has bad news but it's rallying. Go figure
Re: 07/02/2012 Live Update
Posted: Mon Jul 02, 2012 12:02 pm
by SWalsh
Sleeperz wrote:Oil is falling on disappointing economic data from both China and the US.
SAN FRANCISCO (MarketWatch) — Crude-oil futures retreated Monday, feeling the pinch of a manufacturing slowdown in the U.S. and China and paring the sharp gains made in the previous session.
http://www.marketwatch.com/story/oil-fu ... atest_news
We are walking into debt default and deflation. How long they can hold this pig up is an unknown.
Re: 07/02/2012 Live Update
Posted: Mon Jul 02, 2012 12:03 pm
by TradingJackal
Target 134.80 a W=Y There may be other fib targets as well.
Re: 07/02/2012 Live Update
Posted: Mon Jul 02, 2012 12:04 pm
by Petsamo
SWalsh wrote:Has anyone read and thought of that weekend post about how the computers are now trading and changed the market?
I think there's a conspiracy to manipulate markets by the government, not by inanimate objects.
Re: 07/02/2012 Live Update
Posted: Mon Jul 02, 2012 12:08 pm
by TraderGirl
CMG?
Re: 07/02/2012 Live Update
Posted: Mon Jul 02, 2012 12:14 pm
by MrMiyagi
Big volume on USO
Re: 07/02/2012 Live Update
Posted: Mon Jul 02, 2012 12:15 pm
by Mr. T
Where's the stinking Mad Cow rally?!?!?
I kinda miss those right now.
Oh duh. Miyagi hasn't hit the turbo this morning...... it's all his fault.
Re: 07/02/2012 Live Update
Posted: Mon Jul 02, 2012 12:17 pm
by MrMiyagi
Mr. T wrote:Where's the stinking Mad Cow rally?!?!?
I kinda miss those right now.
Oh duh. Miyagi hasn't hit the turbo this morning...... it's all his fault.
Tomorrow Mr T, tomorrow is always a day away...
Re: 07/02/2012 Live Update
Posted: Mon Jul 02, 2012 12:17 pm
by Sleeperz
Sounds like the old VSE pump and dumps but on a higher more sophisticated scale and quasi legitimite. All we can do with TA is go with the flow.
They used PE expansion as one explaination for absurd pricing. The Dot Com rose when they start valueing companies based on Revenue growth and earnings not needed yet.
SWalsh » Mon Jul 02, 2012 9:01 am
Has anyone read and thought of that weekend post about how the computers are now trading and changed the market?
I'm not going to waste 2 hours putting a post together with more of this if sticking heads in the sand is what people here wish to do.
Here's another sliver. The Rise of the Machine (the trading platforms) created the Dot-Com bubble. They push mkts up to drive funds to trade them. Then it broke due to absurd prices and some fundamentals being realized.
Re: 07/02/2012 Live Update
Posted: Mon Jul 02, 2012 12:19 pm
by KENA
SWalsh wrote:Has anyone read and thought of that weekend post about how the computers are now trading and changed the market?
I'm not going to waste 2 hours putting a post together with more of this if sticking heads in the sand is what people here wish to do.
Here's another sliver. The Rise of the Machine (the trading platforms) created the Dot-Com bubble. They push mkts up to drive funds to trade them. Then it broke due to absurd prices and some fundamentals being realized.
Sound familiar? Anyone?....Anyone?...Buehler?
They decided to take down the old boys of Wall Street with their machines. Wall Street was ultimately smarter. They offered them far more money that they thought they'd see and took control of the entire place.
Re: 07/02/2012 Live Update
Posted: Mon Jul 02, 2012 12:19 pm
by Cobra
descending triangle up trend line.
Re: 07/02/2012 Live Update
Posted: Mon Jul 02, 2012 12:20 pm
by Al_Dente
[DELETED]
Re: 07/02/2012 Live Update
Posted: Mon Jul 02, 2012 12:21 pm
by KENA
SWalsh wrote:Has anyone read and thought of that weekend post about how the computers are now trading and changed the market?
I'm not going to waste 2 hours putting a post together with more of this if sticking heads in the sand is what people here wish to do.
Here's another sliver. The Rise of the Machine (the trading platforms) created the Dot-Com bubble. They push mkts up to drive funds to trade them. Then it broke due to absurd prices and some fundamentals being realized.
Sound familiar? Anyone?....Anyone?...Buehler?
They decided to take down the old boys of Wall Street with their machines. Wall Street was ultimately smarter. They offered them far more money that they thought they'd see and took control of the entire place.
Yes read that and some others and a couple of good ones. Thanks
Re: 07/02/2012 Live Update
Posted: Mon Jul 02, 2012 12:27 pm
by MrMiyagi
Can you imagine them covering for every piece of trash on the ground? Maybe that will clean up the streets..