06/05/2012 Live Update

[TraderGirl]

SPX could be tracing out a wave 4...and if so wave 2 was a simple abc format, so wave 4 should be more complex, good for one more push up into (C), then Friday is another turn date...so could be down at that point possibly into Monday...??

[BullBear52x]

BB: I agree with you and please don't take that comment personally. I would love the see financials take off (up) so I can short them. I just don't like the current business models of the big banks and insurers. But I also really don't want our financial system to fail. Why can't they just straighten up and fly right?

LOL, petty officer Louie, do what it take to make money it's not about being right or wrong, I am fine being wrong but make money rather than being right but losing.

[Petsamo]

Something's stirring up the markets

[MrMiyagi]

Something's stirring up the markets

Bob Marley?

[Al_Dente]

Over a month it still looks like a weak flag
Okay a flag inside a wedgie
oooooooooooooooppppppppsss

[louie]

BB: I agree with you and please don't take that comment personally. I would love the see financials take off (up) so I can short them. I just don't like the current business models of the big banks and insurers. But I also really don't want our financial system to fail. Why can't they just straighten up and fly right?

LOL, petty officer Louie, do what it take to make money it's not about being right or wrong, I am fine being wrong but make money rather than being right but losing.

YES! I don't trade every day. Wait for the right setup then make the deal. The trade is not really the "decision" to me, just follow my setup. Staying in oor getting out of the trade? That's the decision. Losses at minimum and gains at maximum. As long as I follow those rules - I'm good

[Cobra]

made the 1st score. let's see 2nd. this high attempt may or may not make a new high, as long as it's not a decisive one then the evil plan is still valid.

[Mr. T]

Something's stirring up the markets

Bob Marley?

Michael Jackson's Ghost?


Hee-Hee!!!

[Petsamo]

Something's stirring up the markets

Bob Marley?

I placed a bet on this p-bar and I won $40. I sold slightly above and rebought slightly above the target.

[TraderGirl]

Is that all the dollar needed? A one day pullback???
aud/jpy is up on RBA reserve bank Australia cutting rates by 25bps to 3.5% as expected
eur/usd is down…. errrrrrr….. up on ………….whatever……..
keizai are u here?
TG could u post /dx when u have a minute
thx

Looks like /DX could be backtesting broken trend line..?? Could have another move down, mirroring the move up for SPX if it cannot regain trend line, momentum waning...
Edit: also hit resistance zone and reacted/pulled back...

[SWalsh]

Are they worried about a collapse? This was a clear record. Note the one single, massive ping of 983 stocks out of 6000 listed getting quote stuffs to jump SPY 25 points.

The corruption in the markets and in America grows under the Chicago Gang of Thuggery. If you don't vote to stop this cult of corruption you will not have a country in 4 more years. Oh wait....the SEC said they would monitor for abuses rather than require a quote be left on the table for any period of time. THERE WILL BE NO MARKET IN 4 YEARS....IT WILL BE DEAD IF THIS CONTINUES! This guy stinks on ice!

[BullBear52x]

YES! I don't trade every day. Wait for the right setup then make the deal. The trade is not really the "decision" to me, just follow my setup. Staying in oor getting out of the trade? That's the decision. Losses at minimum and gains at maximum. As long as I follow those rules - I'm good

[/quote][/quote]
sell the rip on XLF I will, but with pos D on daily I will have to give it a benefit of a doubt. I am still shorting FAS now shipmate.

long term no way in any shape or form I will see this as bullish, not yet anyways.

[KENA]

Something's stirring up the markets

ya.I'm making my sweet and sour pork over rice.Did not know it would stir up the mkt.

[fehro]

XLF break below 13ish, could see an acceleration down.

[Me XMan]

Bulls are trying very hard to prevent the financials collapse.

XLF break below 13ish, could see an acceleration down.

[louie]

Something's stirring up the markets

ya.I'm making my sweet and sour pork over rice.Did not know it would stir up the mkt.

So now we all know when the market will "stir". Please give us a heads up in the future!!!

[Cobra]

I believe I made the 2nd score but the pullback is not enough so I may need adjust the plan. wait.

[Al_Dente]

Is that all the dollar needed? A one day pullback???
aud/jpy is up on RBA reserve bank Australia cutting rates by 25bps to 3.5% as expected
eur/usd is down…. errrrrrr….. up on ………….whatever……..
keizai are u here?
TG could u post /dx when u have a minute
thx

Looks like /DX could be backtesting broken trend line..?? Could have another move down, mirroring the move up for SPX if it cannot regain trend line, momentum waning...
Edit: also hit resistance zone and reacted/pulled back...

Thanks V much mama
Open interest blu on daily…I’m assuming that is that Oi on front dollar contracts?
Those are GREAT charts mum. I really have 2 study them.

[Cobra]

OK, since the pullback is not enough so tough call here as I don't know whether my first call was completed or not. wait and see.

[TraderGirl]

XLF break below 13ish, could see an acceleration down.

Nice chart fehro, I had the same pattern, but I don't think the channel will be relevant going forward, think maybe the pendant will be more relevant in that financials are f'd, unless they announce massive QE! My trend line has support around 12.60 ish depending on the time frame.

That trend line is key! If we were to go below that trend line, then the bear market is coming faster than I thought...