07/23/2012 Live Update

[Cobra]

trend line support. still read pattern as bullish biased.

[fehro]

trendlines.. a little triangle as we chop around today? speculative at this point.

[BullBear52x]

They can paint double bottom with positive divergence, I doubt there will be a buyers. I'll be bakkkkk

[ocassional observer]

eerily similar...

however, the floor took a few days from this point to really drop last year.

[joe-gamma]

any musicians to compose a new tune:
waiting for the PPT,
to join in chorus,
with eurocrat hopium,
creating wishful funding,
?????

[KeiZai]

Watching dollar very carefully - he is the key for this week!! Possible one more pushup before longer consolidation = +- 4-5 days (SPX etc wave II up ?with apple earnings?), but the 5th wave in dollar should be done already and we are now in 2nd wave , need to watch see ya

[ballatines]

EUR/USD will soon go back up green .... will SPX follow?

[joe-gamma]

A bear TRAPple perhaps?

[KeiZai]

one more minute and this candlestick will come true, not bull friendly silver

[Cobra]

key time. let's see if bulls can make a double bottom here. right now the bias still is up as this pullback can be seen as a consolidation.

[Al_Dente]

Earlier this morn:
“Spain’s stock-market regulator, the CNMV, said it was banning short selling of all stocks for three months, amid“extreme volatility.” Italy’s Consob said its ban, scheduled to last a week, was introduced on some banking and insurance shares because of the “recent performance of stock markets”

http://www.bloomberg.com/news/2012-07-2 ... faces.html

[Al_Dente]

AAPL
http://www.bloomberg.com/news/2012-07-2 ... model.html

[Cobra]

bulls pray for a double bottom here.

[EvilTrader]

any musicians to compose a new tune:
waiting for the PPT,
to join in chorus,
with eurocrat hopium,
creating wishful funding,
?????

We must stick to technicals, i wonder how crazy reading fundamentals is, since data getting worse means more monetary easying. Its a crazy expectational loop that feeds itself.

[KeiZai]

Just in case Obama´s army will step in and turn on squeezer i found one p-bar this morning (for informational purposes only ) funny is that he/she fits with my calculations for wave 2 up/dollar´s pullback

[Al_Dente]

bloomberg’s “Chart of the Day”
copper
http://www.bloomberg.com/news/2012-07-2 ... e-day.html

[simon]

Cobra, any thoughts on TRIN, kinda low?

[MrMiyagi]

There are A LOT of bars out today, every which way.

[Cobra]

breakout, target. maintain the plan that there's eventually another leg down but for now let's just enjoy the ride up.

[Petsamo]

I was hoping we didn't do a white candlestick