08/07/2012 Live Update

[Cobra]

pullback as expected, usually after the pullback there's another push up.

[Al_Dente]

Shite a fresh hod on QQQ
Sqz is “lazy” but the party may not be over yet
We need MORE higher on these next bars, else, ba bye
INTRADAY ONLY
5 min

[BullBear52x]

intraday sell on extreme hasn't change on my part, I will continue until MACD made a bullish cross then buy the dip to continue. keep it simple.

[OverUnder]

You can also access FT and WSJ paid articles for free, if you have the headline, by searching for the headline on news.google.com and clicking in the results on the link to the publication. Works every time without fail.

Too bearish here, but I can not blame you. with this imbalance the gloomies won

boss what r gloomies?


Interesting article on EuroZone earnings expectations (pretty bearish)
http://www.ft.com/intl/cms/s/0/2bc20aec ... z22psVQtq6
[If u have trouble accessing a “Financial Times” story: U have to register FOR FREE, then they allow you to view 10 FREE stories a month; more than that requires a paid sub. ]

[Nrsimha]

For those on slightly longer time-scales: Does anyone here follow 10 week/20 week ma crossovers?

[Nrsimha]

Paging: TraderGirl

Was there supposed to be a significant lunar influence today (and yesterday)?

[rc1269]

Is it just me or is everybody here looking for a pullback? Does that not concern anybody...?

[Al_Dente]

QQQ another hi
Spaghetti is cray-cray crazy…….. out on no follow thru after the doji
Yeah, I like to leave some money on the table 4 the next guy … u know…….
Don’t like to make tooooo much money, I get spoiled………

On a related note:
“Morgan Stanley Had Trading Losses 15 Days in Last Quarter”
http://www.bloomberg.com/news/2012-08-0 ... arter.html

[OverUnder]

A bear flag, the recent weeks? No. In my view, a retracement of over 50% negates a flag and turns it into a channel.

I think I've heard some talk about how this leg up isn't as steep sa the last leg up, too much churn/chop, suggesting this rally is in jeopardy.

Don't believe everything you hear.

Weekly chart. Yellow lines are parallel channel and have exactly the same slope up. This leg up, for the past month is equally strong as the rally started in December. In fact, it is on much higher volume.

Do you read it as a bear flag ?

[Nrsimha]

Is it just me or is everybody here looking for a pullback? Does that not concern anybody...?

I am looking for a pullback based on Myagi's p-bars yesterday!!

[OverUnder]

Yes, shorting this type of chart is a fool's game, and being obsessed with the bearish side is a one way ticket to the pawn shop.

Is it just me or is everybody here looking for a pullback? Does that not concern anybody...?

[Mr. T]

I guess Miyagi doesn't need to hit the turbo anymore.

I think the Fed has taken over those duties.

[Cobra]

consolidation instead of a pullback then breakout again, strong. I didn't expect today to be a strong day.

[OverUnder]

That's why I was quietly wondering if we were looking for a 5 to 1 risk reward to the upside.

consolidation instead of a pullback then breakout again, strong. I didn't expect today to be a strong day.

[rc1269]

Is it just me or is everybody here looking for a pullback? Does that not concern anybody...?

I am looking for a pullback based on Myagi's p-bars yesterday!!

okay. so that just sort of confirms my point

[BullBear52x]

QQQ another hi
Spaghetti is cray-cray crazy…….. out on no follow thru after the doji
Yeah, I like to leave some money on the table 4 the next guy … u know…….
Don’t like to make tooooo much money, I get spoiled………

On a related note:
“Morgan Stanley Had Trading Losses 15 Days in Last Quarter”
http://www.bloomberg.com/news/2012-08-0 ... arter.html

it's always nice to see a smile. now you are done on the long side?

[Al_Dente]

QQQ another hi

it's always nice to see a smile. now you are done on the long side?

blablabla
5min

[Harapa]

Spaghetti is cray-cray crazy…….. out on no follow thru after the doji
Yeah, I like to leave some money on the table 4 the next guy … u know…….
Don’t like to make tooooo much money, I get spoiled………

Patience:
Looks like ES need to move ~6 points before it encounters a serious resistance. And your vixies are sleeping although RVX is showing some life, a LL on 5 min charts!

[jdow]

Yes, shorting this type of chart is a fool's game, and being obsessed with the bearish side is a one way ticket to the pawn shop.

Is it just me or is everybody here looking for a pullback? Does that not concern anybody...?

Yes, shorting this type of chart is a fool's game, .. C O R R E C T

[Al_Dente]

HARAPA
I show vixies wide awake $VXN strongest (inverted VXN=bull QQQ)
XIV and VIX show traders starting to hedge for bear a little bit
Let’s c if that changes b4 I can even post this