06/14/2012 Live Update

[Mr. T]

SPX 3000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000

Is that a 2 leg up?

No, that's the first leg.

They're still busy printing up the 0's for the second leg.

[uempel]

Noon! Al_Dente, what's your input?

[fehro]

messy trendlines. fwiw.

[Al_Dente]

nyadv >2100 bull
VIX is limping
This is the five m

[uempel]

Al_Dente, I'm pretty sure about CS - I just don't want to commit too much capital, that's why I like very liquid futures... But I don't find any. And by the way, I'd play this game for a small bounce, nothing else.

UEMPEL: I think u have a better grasp on CS (and everything else) than I do
Did u draw any ellipses on CS?
They r still flooding into swissie bonds
http://www.bloomberg.com/quote/GSWISS10:IND

Thanks, no ellipses for CS - I can't trade the stock with futures and so I'm not going to invest too much time. The guys at CNBC say that CS might be the canary in the coal mine, shows the real weakness of the European banking sector. They are talking about today's rally, suggest that it is a hint that the Fed(ECB might do something this weekend

[Cobra]

SPX 3000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000

Is that a 2 leg up?

No, that's the first leg.

They're still busy printing up the 0's for the second leg.

[Sleeperz]

Bad news = good news because the Fed will come to the rescue.
FOMC meeting next week June 19 -20
As usual rumours the Feb will come to the rescue with a QE3 or something.

Wellll Cobra look like the Bears got your 31% chance..Econ. news bad mkt up .

[Petsamo]

Who's placing bets that we bust yesterday's high ?

NAV has amazing comeback

[cougar]

To make this a successful beartrap, SPY has to go one more notch above SPY 133!
Then...DO NOT FORGET the futures markup tomorrow morning at opening!
In essence… color blind and shortsighted turkeys (not bears) painting waves down might be up for a surprise…unless they really know more…
=================
As I said before: the “risk” is on the upside…

Astro's pointed to up 14th/15th, if we pull back here today, we may see a spike up tomorrow morning as you say, but it could be short lived...

That's all we need..with the help of Gann's rule of 4.
Here is an update of my OpEx trade chart:

[uempel]

nyadv >2100 bull
VIX is limping
This is the five m

614five.png

Well, so far nothing is happening

[MrMiyagi]

In the last 6 days, SPY put out alternating red & white candlesticks.

That's what happened in late October 2011 before heading higher.

[snakehead]

Are we gonna drag the DAX up again

Calling Cobra:

Which side of the neckline are we on that DAX chart --- I can't keep track anymore.

[1der]

I know we focus short term, but I always have a peak over the horizon for big picture.

This is MONTHLY ES Continuation.

[Cobra]

Bad news = good news because the Fed will come to the rescue.
FOMC meeting next week June 19 -20
As usual rumours the Feb will come to the rescue with a QE3 or something.

Wellll Cobra look like the Bears got your 31% chance..Econ. news bad mkt up .

absolutely impossible for QE3 because Republicans made it very clear: QE3 equals to treason.

It's kind of buying votes for YES WE CAN.

[Al_Dente]

Keep an eye on this chart, it worked well for us last time
FLEEING small caps (“risky”) into large caps (“”””safer”””)
Big spike signaled our last bottom/bounce zone… It doesn’t nail anything to the minute… it is just “zone.”
If you stretch this chart out to include last year u see the spikes can get much taller, so I wanted to wait until the spike turned down for a signal
… it turned down today…. could be very short term bounce…. don’t know.. it can zig zag like all the rest of our shite indicators….

[snakehead]

I posted this chart yesterday after hours....RUT is underperforming...this doesn't look bullish....
unless it surpasses the upper channel above B....

But astro's say the dealings over the weekend are not pretty...we'll see....

I don't follow the moon/sun changes for mkt direction but don't discount it either..Do you have any idea of the % correctness of the astro calls.Thanks again .

Kena, I've been a bad girl, I have not been tracking the performance...

New Moon on Monday does not bode well.

[cougar]

Here is an update of one of my favorites: DDD...who yestrday announced a PO...at which time, I put a collar on that dog.
Considering that its technicals are strong, I unloaded the collar this morning at blue arrow...staying long.

[uempel]

Bye guys, I'm off

[SB73]

Keep an eye on this chart, it worked well for us last time
FLEEING small caps (“risky”) into large caps (“”””safer”””)
Big spike signaled our last bottom/bounce zone… It doesn’t nail anything to the minute… it is just “zone.”
If you stretch this chart out to include last year u see the spikes can get much taller, so I wanted to wait until the spike turned down for a signal
… it turned down today…. could be very short term bounce…. don’t know.. it can zig zag like all the rest of our shite indicators….

614spike.png

Senor Al,
Excuse me it may just be the whipsaw action, but this is a bullish indicator right?

[Al_Dente]

I know we focus short term, but I always have a peak over the horizon for big picture.
This is MONTHLY ES Continuation.

nice one, thanks