05/14/2012 Live Update

[KENA]

It would not supprise me if JPM is not the only one loseing billions in trading..This may be all Big Bens bucks that he has given (free ) to all big banks and institutions to prop up the mkt.JPM is not concerned about it because they do not have to pay anything back. Only us the tax payers are losing on both ends. Just a thought and IMHO.

Bloomberg reported today that the $2 Bil loss is now $3 Bil.

Your Dog is scareing my cat.

[nightlyhawk]

A lot of positive divergences are picking up from indicators by StockTiming.com

[nightlyhawk]

However, dash blue line & red line suggesting that this selling isn't over yet. The best scenario to buy is when dash blue line crossing above dash red line and both pointing up.

[MrMiyagi]

Nah.. not workin out today; Michelle still has not returned the shoes to free up credit on Barrack's credit card.

[KENA]

hopefully, it's an ascending triangle.

Enough for that triangle

[snakehead]

It would not supprise me if JPM is not the only one loseing billions in trading..This may be all Big Bens bucks that he has given (free ) to all big banks and institutions to prop up the mkt.JPM is not concerned about it because they do not have to pay anything back. Only us the tax payers are losing on both ends. Just a thought and IMHO.

http://www.zerohedge.com/contributed/20 ... n-bernanke

[marscormier]

Hussmans Weekly Market outlook.

He is anticipating the recession to start in June or possible May. Says market risk very high. QE 3 will need to be massive.

http://hussmanfunds.com/wmc/wmc120514.htm

[snakehead]

I would like to see some catalyst kick the legs out from under this market.

====> Zuckkerburg FAIL.




Today is like watching paint dry (except for the fact that that vix is slowly creeping up and threatening to break out.)

[uempel]

Hussmans Weekly Market outlook.

He is anticipating the recession to start in June or possible May. Says market risk very high. QE 3 will need to be massive.

http://hussmanfunds.com/wmc/wmc120514.htm

Hussman ain't stupid, but he sure ain't a trader.

[Cobra]

tested OR high again with a nice looking bull bar, so the bias still is up.

[Cobra]

the 3rd try on day high, so bulls have chances.

[uempel]

Update:

[Cobra]

C&H target, not breakout yet, but no harm to know.

[Cobra]

Bingo.

[BullBear52x]

I think the whole world are watching these lines. would it be too easy just buy this support? market always over shoot or under shoot the major support and resistance, for bulls I would wait for MACD hist. to turn up higher before buying, even then, tight stop is required let alone buying it right now while bears are roaming all over the world, not just USA. JM2C

[Cobra]

I need go out for about an hour, so no comments from now on. maintain the target. I'm bullish biased as you can sense today, but it's just for the intraday, the big picture doesn't look good unless while I'm out the market up really really huge.

[MrMiyagi]

I need go out for about an hour, so no comments from now on. maintain the target.

Are we allowed to comment?

[BullBear52x]

Fib extensions measurement. GLTA, gtg

[snakehead]

Up, up, up. Ole, ole.

[uempel]

The signal points to 14:40 pm, so it's 30 min to go. Note that it might not be a reversal, could also be an acceleration to the upside