05/10/2012 Live Update

[gappy]

I think it is the market reaction to the fast approaching fiscal cliff and continued disdain with congress.

[champix]

For me, ES still a buy if we stay above Fib fan ... battle is on !

[MrMiyagi]

From "we're never going down again" to "we're never going up again".

This is crazy. Is it real volatility or just mad cow in only one direction from now on?

1500 here we come!

[alphahorn]

1,2,1,2,1,2 start to wave (5), perhaps, if so nice move up due

[TraderGirl]

Lets see if it makes it to next hurdle around 1366...

So far looks like a bear flag....

[Cobra]

Cobra,
Is AAPL forming an ascending triangle since yesterday?

no

[KeiZai]

Commodities anyone?

au10.png

hi keizai
PM
“Fear miners set to fall off ‘supercycle’ “
“...Not everyone believes the supercycle is dead...”
http://www.ft.com/intl/cms/s/0/a172a9b0 ... z1uTn30R7Y

Thanks Al for the link, my personal opinion is that for PM the supercycle is just to begin as the global debt supercycle ends maybe it is just my paranoia, but I dont trust more to fiat currency printed by "banks" and Im buying into weakness gold bricks...the world is getting worse not better me thinks...PM is PM and always will be

btw : whats up with beard?

[CarlosDK]

Cobra - you think the bottom still in yesterday ?

[CarlosDK]

Cobra what is your view for the rest of day if you had to make a WILD guess ??

[stucap]

I think we've seen the LOD for today. Any dip that does not take out the LOD quick will get bought --- inverted head and shoulders could be a probable pattern into close.

Market isn't weak today. Internals look bullish to me. Even if we take out LOD, bulls still have a little SPY gap support to hang on to slightly below LOD.

[KeiZai]

Commodities anyone?

The attachment au10.png is no longer available

hi keizai
PM
“Fear miners set to fall off ‘supercycle’ “
“...Not everyone believes the supercycle is dead...”
http://www.ft.com/intl/cms/s/0/a172a9b0 ... z1uTn30R7Y

Thanks Al for the link, my personal opinion is that for PM the supercycle is just to begin as the global debt supercycle ends maybe it is just my paranoia, but I dont trust more to fiat currency printed by "banks" and Im buying into weakness gold bricks...the world is getting worse not better me thinks...PM is PM and always will be

btw : whats up with beard?

I forget one thing why I think gold will skyrocket one day, of course I could be wrong but I see gold in a huge bull flag

[stucap]

I think we've seen the LOD for today. Any dip that does not take out the LOD quick will get bought --- inverted head and shoulders could be a probable pattern into close.

Market isn't weak today. Internals look bullish to me. Even if we take out LOD, bulls still have a little SPY gap support to hang on to slightly below LOD.

of course then we get a nice engulfing candle and we pressure downwards again.

[SWalsh]

Beware that if your problem is a bad HD or a virus that has hit the HD and corrupted files, you may end up having to completely erase the HD and reload the basic operating system. The thumb drives will not help you reload the basic operating system but will make fast work of reloading program and data files.

NOTE: The size of the TDs used in the three drive data backup set should be large enough that all of the data can be contained on one drive. Having to use more than one drive for a single backup set is a real pain and requires more than just the basic three drive set.

Thanks....I backup all critical stuff to my documents folder, which is about 25 GB. I'm moving that to another HD now as it's about 2 months old. 4 years ago I bought a WD "The Book" and had HD crash. While restoring everything that drive crashed. It was only sold as an external backup drive. I went to Carbonite and it took about 1 month per 100 GB being used during non-mkt hours. I guess that's why it's $60 a year.

I missed two 90% (as i define them) shorts so far today looking at this stuff. That would have easily paid for anything needed. I hate Bill Gates. And I think he stole Steve Job's pancreas too!

Thanks again

[TraderGirl]

I think we've seen the LOD for today. Any dip that does not take out the LOD quick will get bought --- inverted head and shoulders could be a probable pattern into close.

Market isn't weak today. Internals look bullish to me. Even if we take out LOD, bulls still have a little SPY gap support to hang on to slightly below LOD.

I am not an expert technician, but I would say this is pretty weak price action. I am expecting we will continue to get weak price action until next week when we have a turn date on May 15th, then there is a probability we could get a 4% rally from the low on the 14th/15th, but where that low ends up is the ??

If we go down to 1335-1340, that could take us up to 1388/1393..?? We will have to wait to see what happens next week as to whether we get a lower low than 1343 or a higher low. A higher low would be more bullish in my opinion, then that gives us a possible "C" wave up....

[fehro]

still in the channel... one more push down?

[Major]

Beware that if your problem is a bad HD or a virus that has hit the HD and corrupted files, you may end up having to completely erase the HD and reload the basic operating system. The thumb drives will not help you reload the basic operating system but will make fast work of reloading program and data files.

NOTE: The size of the TDs used in the three drive data backup set should be large enough that all of the data can be contained on one drive. Having to use more than one drive for a single backup set is a real pain and requires more than just the basic three drive set.

Thanks....I backup all critical stuff to my documents folder, which is about 25 GB. I'm moving that to another HD now as it's about 2 months old. 4 years ago I bought a WD "The Book" and had HD crash. While restoring everything that drive crashed. It was only sold as an external backup drive. I went to Carbonite and it took about 1 month per 100 GB being used during non-mkt hours. I guess that's why it's $60 a year.

I missed two 90% (as i define them) shorts so far today looking at this stuff. That would have easily paid for anything needed. I hate Bill Gates. And I think he stole Steve Job's pancreas too!

Thanks again

Your documents folder is still HD based regardless of internal or external. The thumb drives get it off line.

[KeiZai]

Volatility alert is ON, prepare yourself

EURO SQUEEZE

[Cobra]

testing morning low, key time.

[fehro]

two long term weeklies, still a day away from a weekly close... but I find it interesting where the middle BB band is 1354.89

[MrMiyagi]

Is it options expiry day today? It sure seems like it.