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06/21/2012 Live Update

Posted: Thu Jun 21, 2012 8:59 am
by Cobra
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Flat open so any gap will be filled.

I see Symmetrical Triangle on the Global ES, so the bias is up.

Re: 06/21/2012 Live Update

Posted: Thu Jun 21, 2012 9:02 am
by lazytrader
Cobra,

When you get a chance please post the OEX put/call ratio chart.

Thanks

Re: 06/21/2012 Live Update

Posted: Thu Jun 21, 2012 9:13 am
by Cobra
lazytrader wrote:Cobra,

When you get a chance please post the OEX put/call ratio chart.

Thanks

Re: 06/21/2012 Live Update

Posted: Thu Jun 21, 2012 9:15 am
by lazytrader
Thanks Cobra

Re: 06/21/2012 Live Update

Posted: Thu Jun 21, 2012 9:18 am
by jarbo456
/CL finding support around 80...

but i think the larger triangle target is about 76.

should be another leg down...

Re: 06/21/2012 Live Update

Posted: Thu Jun 21, 2012 9:32 am
by Cobra
the open.

Re: 06/21/2012 Live Update

Posted: Thu Jun 21, 2012 9:35 am
by Mr. T
All the data I see from this morning is bad....... why are we up?

Re: 06/21/2012 Live Update

Posted: Thu Jun 21, 2012 9:35 am
by rola
YES WE CAN

Re: 06/21/2012 Live Update

Posted: Thu Jun 21, 2012 9:36 am
by dr659
Mr. T wrote:All the data I see from this morning is bad....... why are we up?
Bad is good

Re: 06/21/2012 Live Update

Posted: Thu Jun 21, 2012 9:37 am
by cougar
Hedgies are caught long GLD and gold miners.
DUST was artificially kept low => breakout imminent
I am long DUST
============================
60 min chart (before opening):

Re: 06/21/2012 Live Update

Posted: Thu Jun 21, 2012 9:38 am
by rola
EVEN BETTER

Re: 06/21/2012 Live Update

Posted: Thu Jun 21, 2012 9:38 am
by KENA
Mr. T wrote:All the data I see from this morning is bad....... why are we up?
On Thur bad data means mkt up maybe 100 points..No kidding this has been happening more then not. :lol:

Re: 06/21/2012 Live Update

Posted: Thu Jun 21, 2012 9:38 am
by ClarkW
Paging COUGAR. What point do you use to validate a harmonic pattern? Break below B for a bearish Gartley?

Possible Bearish Gartley on EEM 60 min. Short via long EDZ. Also long DZZ and SMN (not a recommendation!)

Re: 06/21/2012 Live Update

Posted: Thu Jun 21, 2012 9:43 am
by Mr. T
dr659 wrote:
Mr. T wrote:All the data I see from this morning is bad....... why are we up?
Bad is good

No it's not ;)

Re: 06/21/2012 Live Update

Posted: Thu Jun 21, 2012 9:49 am
by Michelle
How will the Supreme Court decision regarding Health Care Bill affect the market? Possible decision this morning at 10:00.

Re: 06/21/2012 Live Update

Posted: Thu Jun 21, 2012 9:49 am
by Mr. T
Poor gold bugs..... they getting swatted.

Re: 06/21/2012 Live Update

Posted: Thu Jun 21, 2012 9:51 am
by Mr. T
Euro taking a tumble = back into the 1.25 area???

Re: 06/21/2012 Live Update

Posted: Thu Jun 21, 2012 9:55 am
by kamukak
Seems like the only way for this market is up, all the bad news and we still going up, we might be missing something here!!!

Re: 06/21/2012 Live Update

Posted: Thu Jun 21, 2012 9:56 am
by KENA
Liquidity had a small dn tick yesterday..Watch VIX dn vol today,if up and liquidity dn this may be an indication of change..NYSEBP and other BP did show small increase yesterday.(chart by stocktiming)

Re: 06/21/2012 Live Update

Posted: Thu Jun 21, 2012 9:56 am
by dr659
Mr. T wrote:
dr659 wrote:
Mr. T wrote:All the data I see from this morning is bad....... why are we up?
Bad is good

No it's not ;)
We know that