02/05/2013 Live Update

[Cobra]

still favors bulls.

[fehro]

XIV closing in on the open gap.

[johnnywa]

still favors bulls.

consolidation to long,look for lower target

[gappy]

There will be better place to shot +- @34 triangle is so far confirmed in RSI so likely it is valid triangle (and already completed) but this move is likely just corrective with 2 more legs down to come later, but if fails to breakout then is going to 30.50 so wait and see with longs aka ready to hedge if something goes wrong

SILv.png

sx1.png

GL gap[/quote]
Yes sir. Thanks for a look at the chartwork.

[Cobra]

the only thing I noticed not so bullish is people are buying puts. usually option traders lead.

[KeiZai]

Silver squeeze again. WTF. http://www.youtube.com/watch?v=z6M--07fGwU

Not sure but seems likely

SIKV.png

Like I said, I think there is too much unbacked paper floatin around. Pushing up the price preempts delivery demand. Greedy people will wait to see if it goes higher. Or I could just be fuller than normal with it. http://www.youtube.com/watch?v=13SR-cgxI1A

Silver will crash one day to 10ish not just not yet (2014-15should find top imo) I have ST target 34 then 28 what will happen thereafter is not important for my trading atm

I agree Keizai...top possibly 2015-2016.....I think SLV will try to test the last high sometime in 2013....if 20.50 can't hold then we will most likely see a QE driven rally at some point in 2015, but no new high....then collapse.....

Gold will probably head back to at least the $700 area at some point....

Agree 21.50 is key level to watch (20.50 in SLV) below that it can go even to single digits I hope it will hold I have some plans with this stuff (before going full short)

[KeiZai]

There will be better place to shot +- @34 triangle is so far confirmed in RSI so likely it is valid triangle (and already completed) but this move is likely just corrective with 2 more legs down to come later, but if fails to breakout then is going to 30.50 so wait and see with longs aka ready to hedge if something goes wrong

SILv.png

sx1.png

GL gap

Yes sir. Thanks for a look at the chartwork.[/quote]

You are welcome MR.Gap

[Al_Dente]

sheesh, oy
if it turns down here, this is what my SSO renko says about that
THAT IS A BIG “IF” FOLKS, just for bears who are bored
never gonna happen; never goin’ down again

http://www.youtube.com/watch?v=6NEksngRCO8

[uempel]

we will see the gap partially or fully filled today if not tomorrow ... added a lot of PUT around this level

Obama speaks in about 1 hr

Kenttown, here the chart. The confirmations (red dots) show its validity. The upper horizontal should be at approx 1610/40, it's a log chart and I don't want to calculate. Of course this does not suggest that the market will go up to that level, it only means that if (big if ) the market climbs up to 1610/40 there is resistance up there.

By the way: to whoever reads this - you won't find this kind of info anywhere except 1. maybe in the vaults of GS at 200 West Street? and 2. online at Cobra's Marketview

[johnnywa]

Get ready for Obama pullback

[TraderGirl]

SCO might be interesting if it holds a this trendline....

[Cobra]

we will see the gap partially or fully filled today if not tomorrow ... added a lot of PUT around this level

Obama speaks in about 1 hr

Kenttown, here the chart. The confirmations (red dots) show its validity. The upper horizontal should be at approx 1610/40, it's a log chart and I don't want to calculate. Of course this does not suggest that the market will go up to that level, it only means that if (big if ) the market climbs up to 1610/40 there is resistance up there.

By the way: to whoever reads this - you won't find this kind of info anywhere except 1. maybe in the vaults of GS at 200 West Street? and 2. online at Cobra's Marketview

The attachment 23.png is no longer available

Thanks Uempel. I always find your "grid" chart valuable. Really appreciate!

[Cobra]

Get ready for Obama pullback

he's making speech again? When?

[kenttown]

uempel, thanks for sharing.

[Al_Dente]

we will see the gap partially or fully filled today if not tomorrow ... added a lot of PUT around this level

Obama speaks in about 1 hr

Kenttown, here the chart. The confirmations (red dots) show its validity. The upper horizontal should be at approx 1610/40, it's a log chart and I don't want to calculate. Of course this does not suggest that the market will go up to that level, it only means that if (big if ) the market climbs up to 1610/40 there is resistance up there.
By the way: to whoever reads this - you won't find this kind of info anywhere except 1. maybe in the vaults of GS at 200 West Street? and 2. online at Cobra's Marketview

thanks uempie
luv u
also, dang, u reminded me to vote https://stockcharts.com/public/1684859

[johnnywa]

Get ready for Obama pullback

he's making speech again? When?

13 minutes,11:15 e

[gappy]

uempel, thanks for sharing.

And good grammer too! http://www.youtube.com/watch?v=rlbGQ0xKZbY

[Royal Flush]

XIV closing in on the open gap.

Looks like a bull flag to me.

[johnnywa]

Get ready for Obama pullback

he's making speech again? When?

13 minutes,11:15 e

He has killes my everytime,law of averages should change at some point??

[uempel]

Cobra:

Thanks Uempel. I always find your "grid" chart valuable. Really appreciate!

uempel:

You are very welcome Cobra, but I wanted to show Kenttown the ellipse system, not the grid I actually forgot to check the grid, which at the mom shows the same resitance as the ellipse

By the way: all these photos of bears lately - are they an indication that you are bearish? Or are you just hungry, looking forward for a bear steak for your lunch