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06/08/2012 Live Update
Posted: Fri Jun 08, 2012 8:59 am
by Cobra
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Flat open, any gap will be filled.
The Global ES looks like a Bull Flag, so the bias is up. The Fib 50% retracement and the previous rebound high should be the next challenge to bulls.
Re: 06/08/2012 Live Update
Posted: Fri Jun 08, 2012 9:00 am
by Cobra
ALL MY CALLS HERE ARE FOR INTRA-DAY ONLY! Unless specified.
They're only valid for the next 10 minutes or hour or two.
They're absolutely invalid when the market closed.
NEVER EVER treat my call for the next 10 mintues as I'm calling for the next few days or weeks or even years.
Again, all my calls are for intra-day only, they can be changed at any minute as the market is constantly on the move, so as my calls. I HAVE TO CHANGE FAST, don't ever point to me that I'm wrong because the market now is up while 10 minutes ago I called the market down, pay attention that I might have changed my call just a second ago. Again and again, this is a day trade forum for TRADERS who can swith direction fast.
If you're interested in the market direction for the next few days and weeks, please subscribe my newsletter services.
Please, members of my newsletter services, refrain from asking questions related to time frame other than day trade, as it's not fair to other members. You can mail me or PM me for your questions related to market directions other than day trade. You can ask my opinion about certain stocks on the forum though. If I'm busy for the day, your questions posted on the forum are not guaranteed to be answered unless you email me.
Thanks.
Re: 06/08/2012 Live Update
Posted: Fri Jun 08, 2012 9:11 am
by CarlosDK
Hi cobra and morning
Can you take a look at DRV daily chart for me ? How does it look like ?
Re: 06/08/2012 Live Update
Posted: Fri Jun 08, 2012 9:11 am
by KeiZai
GM all
Russell had impulsive wave down with at least one more to come IMHO, I see her in 4th wave so 5 down to 61.8 fibo is underway then up we go
B-wave is usually 50% of A so it is 50-50 better to bet on upside
Same with Euro H&S target met and atm is in a big fight under 50fib so I think 61.8 (X target) will be met soon
Re: 06/08/2012 Live Update
Posted: Fri Jun 08, 2012 9:12 am
by pezhead9000
Inverse head & shoulders!!
Re: 06/08/2012 Live Update
Posted: Fri Jun 08, 2012 9:15 am
by Tutti
Cobra, Inv H&S setting up on the hourlys, no?
If no chart:
http://www.screencast.com/t/oyid7wjSB
Re: 06/08/2012 Live Update
Posted: Fri Jun 08, 2012 9:24 am
by Cobra
Re: 06/08/2012 Live Update
Posted: Fri Jun 08, 2012 9:26 am
by Cobra
CarlosDK wrote:Hi cobra and morning
Can you take a look at DRV daily chart for me ? How does it look like ?
Rebound today, then chart is OK in the careful watching list. drop below yesterday's low, it's double top.
Re: 06/08/2012 Live Update
Posted: Fri Jun 08, 2012 9:27 am
by Al_Dente
GM
Wholesale trade report at 10:00am ET; consensus est 0.5%
Re: 06/08/2012 Live Update
Posted: Fri Jun 08, 2012 9:29 am
by Petsamo
Tradeyourwayout.com believes we drop below SPX 1250 before the big rally. Disclaimer: No one is correct all the time.
Re: 06/08/2012 Live Update
Posted: Fri Jun 08, 2012 9:30 am
by cguirguis
Whoa... what does that imply?
Re: 06/08/2012 Live Update
Posted: Fri Jun 08, 2012 9:31 am
by Tutti
cguirguis wrote:
Whoa... what does that imply?
Well nothing yet, but if it develops, MORE UP
Re: 06/08/2012 Live Update
Posted: Fri Jun 08, 2012 9:31 am
by TWT
DAX Future: So far the idea of a wave (C) down is on track
Re: 06/08/2012 Live Update
Posted: Fri Jun 08, 2012 9:32 am
by Cobra
should be 2 legged down, NORMALLY.
Re: 06/08/2012 Live Update
Posted: Fri Jun 08, 2012 9:34 am
by Al_Dente
holy crapola clark dust
Re: 06/08/2012 Live Update
Posted: Fri Jun 08, 2012 9:41 am
by Al_Dente
Moody’s downgraded Germ yest and nobody told me
Re: 06/08/2012 Live Update
Posted: Fri Jun 08, 2012 9:41 am
by ClarkW
Al_Dente wrote:holy crapola clark dust
She's a mover and will turn on a dime! Holding odd lot at this point...she scares me a bit
Re: 06/08/2012 Live Update
Posted: Fri Jun 08, 2012 9:45 am
by Al_Dente
ClarkW wrote:Al_Dente wrote:holy crapola clark dust
She's a mover and will turn on a dime! Holding odd lot at this point...she scares me a bit
""""""she scares me a bit""""""""
and rightfully so
Re: 06/08/2012 Live Update
Posted: Fri Jun 08, 2012 9:53 am
by knock
opinion on GLD and GDX?
Re: 06/08/2012 Live Update
Posted: Fri Jun 08, 2012 9:55 am
by brandyjoco
Isn't today options expiration? Last time it was quadruple options expiration - the market headed south. Maybe it will turn it around this time starting after expiration? Any opinions?