08/01/2012 Live Update

[MrMiyagi]

I think RUT/IWM bottomed here (at least for today).

[gappy]

iwm vs trans.....Trans seems to lead iwm and (big black candles) seem to occur where there is little market upside, at least this year....

iwm-trans 8-01.png

Triangle and squeeze? Compliments of Furr from Pretzo.

[jdow]

iwm vs trans.....Trans seems to lead iwm and (big black candles) seem to occur where there is little market upside, at least this year....

iwm-trans 8-01.png

love your charts, helpful to my stratgies with IWM..

[OverUnder]

Gold bounced very nicely off red channel retest today. Maybe there is a Bernanke tooth fairy after all.

[jdow]

I think RUT/IWM bottomed here (at least for today).

yep, possibly... did NOT book profits from yesterday....holding

[CounterTrend]

Paul Volcker: “The U.S. economic arsenal is empty.”

Former Fed chairman Paul Volcker has spoken the words that have been on everyone’s mind…”American policymakers have exhausted fiscal and monetary policy remedies in their bid to cure the US economy’s growth blues, legendary inflation tamer Paul Volcker said”. He also said “there is no magic bullet in fiscal or monetary policy. We have pretty much fired all the bullets we have”.

http://blog.milesfranklin.com/?p=3965

[jdow]

IWM update. still holding short

[gappy]

Gold bounced very nicely off red channel retest today. Maybe there is a Bernanke tooth fairy after all.

Good Draghi manana = Bump up Euro = gold higher.

[OverUnder]

Just noting Volcker said that over a week ago, not today and not on the 30th, the date of the blog.

Paul Volcker: “The U.S. economic arsenal is empty.”

Former Fed chairman Paul Volcker has spoken the words that have been on everyone’s mind…”American policymakers have exhausted fiscal and monetary policy remedies in their bid to cure the US economy’s growth blues, legendary inflation tamer Paul Volcker said”. He also said “there is no magic bullet in fiscal or monetary policy. We have pretty much fired all the bullets we have”.

http://blog.milesfranklin.com/?p=3965

[Al_Dente]

one min

[grachu]

cobrita... this is what I would call you should we live in south america... whats up cobra? thanks for the posts you are the best and you know it !!! bought some stuff on amazon via your link as always !!!!

[gappy]

cobrita... this is what I would call you should we live in south america... whats up cobra? thanks for the posts you are the best and you know it !!! bought some stuff on amazon via your link as always !!!!

Primo Cobrito! Ondalay!

[fehro]

green channel?

[Al_Dente]

Second test this morning of the 200sma on the 5 min

[Al_Dente]

Update on that 30min IWM chart

[fehro]

still one more pop up? blue/pink trendlines...

[OverUnder]

IMHO right before a Fed announcement technical indicators are worse than meaningless, they are misleading.

[usctrojan99]

IMHO right before a Fed announcement technical indicators are worse than meaningless, they are misleading.

Agreed.

[MrMiyagi]

Mexican Standoff here...

[Cobra]

still nothing to say, the market is waiting.