05/16/2012 Live Update

[KeiZai]

Rebound as was expected

Were you 100%+ long?

viewtopic.php?f=2&t=545&p=75463#p75463

I have half a freaking migraine and you failed the Einstein test....A six year old can't follow that....LOL

HFTs and Algos nailed this down....someone speak?

At 11:17 a big buy hit....725 stocks is massive.

See....we gave kids these Nintendo games and they have reverted to Pong in the mkts. The old "Law of Unintended Consequences"

"someone speak?"

Hollande visits Merkel but nothing interesting, it was rather stops hunting or trap btw FOMC today at 12.30?

[Cobra]

100% MM target at $132.87, not sure.

[uempel]

I guess SPX 1327 is support:

[MrMiyagi]

100% MM target at $132.87, not sure.

That's around where that p-bar shows from this morning.

[Valance]

Cobra thoughts on Apple?

[TradingJackal]

FOMC minutes at 2:00pm EST. Usually, low prior to the FOMC minutes is the low. We should see fireworks in either direction but I am leaning bullish.

[Mr. BachNut]

Paging euempel:

Do you have any elliptical signals on deck for tomorrow and is there any time precision to them?

There's a chance of an inside day today if yesterday's lows can hold. Unclear but possible at the moment.
An inside day today could set up tomorrow as decisive.

[Cobra]

Cobra thoughts on Apple?

aalp not looking good, the very first rebound USUALLY shall fail: http://stockcharts.com/public/1684859/c ... /260183775;

[Valance]

Cobra thoughts on Apple?

aalp not looking good, the very first rebound USUALLY shall fail: http://stockcharts.com/public/1684859/c ... /260183775;

thx for the response.

[Cobra]

another 100% MM target is $132.83.

[Al_Dente]

alignment, daily
DAILY

[TraderJoe]

Kena, I changed my dog to make life easier on your cat.

[stucap]

descending triangle don't want to break?

[Cobra]

every time revisit the previous low there's a chance of reversal. bulls hopes are double bottom here, so key time.

[snakehead]

http://blogs.wsj.com/marketbeat/2012/05 ... d=yahoo_hs

May 16, 2012, 11:47 AM.
Euro Drops After ‘Major Confusion’ Regarding Greek Bank Operations.

'David Lutz, a trader st Stifel Nicolaus, says there is “major confusion” regarding the ECB’s action right now. That probably explains why the Dow’s rally has lost momentum, yet the blue-chip index has avoided falling into the red.

“If true, this is an end-game for Greece, as civil unrest will accelerate and capital markets will retreat quickly,” Lutz says.

Before panic ensues, he cautions that some are saying this is a “non-event” and that the Street “isn’t understanding” the ECB’s intent behind its monetary policy operations.

“The market, however hates confusion and uncertainty — thus the sharp risk-off reaction should NOT be taken as a 100% confirmation,” Lutz says.'



This smells like complete and utter bull shhh, er ... feces. Does anyone else sense complete desperation as the
hopium peddlers try to stick save the EUR/USD ??

[Cobra]

aapl still not looking good here.

[KENA]

Kena, I changed my dog to make life easier on your cat.

Yes I saw that..They make a good team.

[uempel]

Paging euempel:

Do you have any elliptical signals on deck for tomorrow and is there any time precision to them?

There's a chance of an inside day today if yesterday's lows can hold. Unclear but possible at the moment.
An inside day today could set up tomorrow as decisive.

BachNut, I posted this chart last week and again last night on Cobra's blog, suggests today or tomorrow. Of course it isn't SPX, but BPSPX works as a proxy.

As to a signal on an SPX chart: I've got a good signal for next week, I think it's for Thursday 24th (I'm not showing the chart here)

[Al_Dente]

FB
Will now issue 421 milliion shares
Up from the 354something they were originally going to offer
That was earlier from Bloomberg “the company [FB] says”
If true, very bullish for FB, oversubscribed
Still scheduled for Fri (?)

http://www.youtube.com/watch?v=Yczul_609Gg

[Al_Dente]

AAPL gotta bounce at some point, no?
Watch cobra’s ChiOsc on aapl 60 min
Not quite yet? Close but no cigar…..

http://screencast.com/t/RGww9SaU

“I'm the only person I know that's lost a quarter of a billion dollars in one year.... It's very character-building.”
[Steve Jobs, 2004]