05/09/2012 Live Update

[MrMiyagi]

p-bar QQQ 64.52$
p-bar IWM 79.21$

These are dollars, not drachmas!

[TraderGirl]

dollar needs to breakout here to please all bears
I can only get closing USD from stockcharts, but it looks like UUP and $ futures already broke out bear spy

The attachment 59dollar.png is no longer available

Commodities trend channels, daily… (plenty of positive divergence again; not on this chart)

The attachment 59commod.png is no longer available

The dollar has broken out...

[Mr. T]

p-bar QQQ 64.52$
p-bar IWM 79.21$

These are dollars, not drachmas!

The Drachma could be worth more than Euros in is this weird world.

[Petsamo]

We have good news. My F almost green

[Al_Dente]

Thanks Tradergirl$$$
Alignment
Trin is really acting up

[SWalsh]

"Here come the FED....Here come the Fed" ("Rowan and martin's "Laugh-n", as this is comedy)

They are hitting a vacuum like a machine gun right now. 600-700 share quite stuffs ever 3-5 seconds.

Yes indeed, the US government is out of control and sucks.

[Mr. BachNut]

Paging Taggard:

Per our 3 Peaks Domed House discussion, I think recent action rules out the May peak scenario but leaves open the July scenario. Agree?
If we can get a close below the April 10 low, this move could make a nice 22 on the chart. We shall see.

[ClarkW]

Goldminers stronger than I thought...NUGT appears to be breaking through top of channel. Might purchase back on any weakness.

[Cobra]

cannot believe for the 3rd time we have a sharp reversal. I think the low was in for the short-term. chart below shows the normal pattern, should be another leg up after taking a breath here.

[Petsamo]

F should rally, now that I sold mine

[SWalsh]

I wonder how many people have a fair mkt and economics background to fully appreciate how dangerously close to non-functioning our markets are becoming. This would have landed a firm jail terms and they would be liquidated through fines 20 years ago. Now, the worst thing is a central bank with a computer. As John Hussman has stated, "The circus is now in town":

[Cobra]

here's the reason why I think the low was in for the short-term, a typical 3 push down with the last push down much weaker.

[MrMiyagi]

F should rally, now that I sold mine

Hope you made some money here.
I have traded F many times in the past, always made some money. 6 of my 9 cars have been Fords.

[Al_Dente]

1min
bots r buying
spy is squeezing

[SWalsh]

cannot believe for the 3rd time we have a sharp reversal.

You thought they no longer set the price of grain? (the central planners).....Silly boy!

[locotero]

here's the reason why I think the low was in for the short-term, a typical 3 push down with the last push down much weaker.

Don´t beleive in 3 reversal day....just can´t be....let´s wait

[alphaRR]

Cobra, What is the success rate of the target you indicate in AAPL (daily chart) bump and run reversal breakdown? Thanks for an extremely comprehensive TA website and for your daily guidance.

[Cobra]

aapl update, goes as planed. http://stockcharts.com/public/1684859/c ... /260183775;

[Cobra]

Cobra, What is the success rate of the target you indicate in AAPL (daily chart) bump and run reversal breakdown? Thanks for an extremely comprehensive TA website and for your daily guidance.

First of all, welcome aboard!

2ndly the percentage of meeting price target for Bump and Run Top is 78%.

[Mr. BachNut]

Equities reciprocating with Treasuries today. Auction at 1PM.
For some reason, the banks don't feel like buying treasuries at the highs...