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Channel Intact
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Channel Intact

by The MoleJune 29, 2009

10:20am EDT: Last week’s channel remains intact and as suspected this little kabuki dance we just witnessed was nothing but a little gratuitous bear trap:

Good chance we’ll see 930 today.

10:37am EDT: Geronimo just scalped its 7th successful trade in succession 🙂

1:00pm EDT: Very tempting to go short here but I’m going to hold out for 930 – let me show you why:

The orange fib is the percentage of wave {v} in comparison with {1}. So, we busted slightly through 61.8 but if you are a Zero sub you can see that we are slightly below the zero mark right now – but no major negative reading either. Breadth on the SPX is 2:1 positive right now – on the NDX 2.6:1 positive. I don’t see any divergences and thus I must assume that we’ll churn around here for a little and bust higher into the close. BTW, who wants to back up the truck in this whipsaw anyway? 😉

1:42pm EDT: We’ve got quite a move in the USD/JPY today:

I was actually planning on going long this morning but then got distracted with blogging (damn!). Well, seems to me that 96 should pose some resistance – anyone trading those currencies (besides lovely Fujisan)?


About The Author
The Mole
Mole created Evil Speculator amidst the chaos of the financial crisis in early August of 2008. His vision for Evil Speculator is a refuge of reason, hands-on trading knowledge, and inspiration for traders of all ages and stripes. You can follow him and his nefarious schemes at the usual social media waterholes.
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  • Douala

    Tech sector not doing much. Still stand by the road map

    http://tinyurl.com/m7wjjj

  • http://alphahorn.blogspot.com/ alphahorn

    keep an eye out for the proverbial other shoe

  • Cerebro82

    Just went completely short. This is the level I have been looking for. Sometimes you need cojones! This is one of those times. Stop is above 930.5 on the S&P.

  • ausdude

    Anyone playing POT? Looks like it is losing momentum (at least on 5 min charts..)

  • BigHouse(Aka Mr Vix)

    RIMM is weak today.Little triangle pattern is about over.IT might bust lower..

  • rhae

    SPY, other than the 1m chart, mine showing no slacking of momo in longer timeframe, yet

    SCALPERS GET It ON!

  • Keirsten

    Re-post for ya- it's hitting resistance at the 10 EMA on the daily right here, so caution. I scalped it, but am out and will wait for awhile. G/L Aus. 🙂

  • Fujisan

    If SPY closes above 92.7 today, it might as well retest 96.11 by next Monday.

  • BigHouse(Aka Mr Vix)

    Covered at 69.95 Dont like it….might bust higher

  • springheel_jack

    We've hit 927 (SPX) and as Mole says, we may well see 930 today. If you're going short though, we are now in the optimal risk/reward area. I'm going short here with stops at 935.

  • ausdude

    It has been looking like it will roll over for a while…but it has not.
    I use the 8 and 21 EMA's – so, my levels don't match yours exactly.

    I am waiting as well… but when this thing turns, there might be a loud thud! 😉

    Good luck to you too..

  • ausdude

    Whoa! Really? I think it just printed 92.70 ….

  • ausdude

    Never mind — a bit too anxious. Did not “catch” that you said close.

  • Lordted

    End of Quarter window dressing I would have thought? – I may be wrong

  • ropey

    check out MA keirsten seems 168-169 is a nice short entry, done is a couple of times today for scalpes to 165/166 – but looks weak overall and back under the trendline it tried to backtest on fri..

  • Keirsten

    Yep- on the intraday I use 9/18, but on dailies I just go with the 5/10/20s- don't ask me why because I don't have a good answer. LOL

  • Keirsten

    Okey dokey- I'll take a look-see Ropey- thanks for the heads up. I'm trading pretty light this week, just taking profits and running for the exit quickly. heh heh

  • standard_and_poor

    don't get sucked into 927 shorts, wait and observe first.

  • ausdude

    On the intraday, do you use anything else? Like RSI or ATR? I have been playing with a few things but have never been able to find a decent recipe..

    Also, I predominantly use 5 min charts … how about you? Thanks …

  • http://www.finz.tv/posse bhbgrouptrader

    I trade futures and stocks …..and I seriously dont see anything anywhere to do right now….very rare for me to not see one trade….just a heads up as to where we are…..rangebound still and I suspect we will soon see the new direction after this week. I also exited that 30yr/5 yr note bond spread put on at .75 and sold it at 3.90 ……fyi!

  • Fujisan

    Be careful, shorts. I see an inverted H&S on an hourly chart on SPX.

  • Keirsten

    I mainly use a 15 and 60 min. chart, dial it down to 5 for entries and exits. I also have a proprietary signal that works pretty well for me, but mainly watch price and time. If I slap on the RSI, etc. I'm just looking for extra confirmation. You're right though- it's just finding a recipe that works more often than not and sticking to your rules and not getting psyched out.

  • Douala

    If it doesn't break 927 the I see a H&S

    http://tinyurl.com/ksyjfj

  • http://alphahorn.blogspot.com/ alphahorn

    15 min chart $BKX, it's make or break it time for my shorts. is this merely an overthrow of the channel/wedge with a reversal coming or a breakout to the upside???

    http://www.screencast.com/users/alphahorn/folde

  • springheel_jack

    I see it too Fujisan, but wouldn't it require a visit back to 905/910? I think that visit is very likely. The question is what happens after that.

  • standard_and_poor

    Might add to longs around 912, depending on patterns.

  • ausdude

    The disease I suffer from is “overtrading”. When I find something that works, I stick with it — initially. But soon, I am not trading enough to satisfy my appetite and then I pull a Lester (to a very mini-extent 😉 and then am reminded of being disciplined again.

    Thanks for the replies.

  • Keirsten

    Hey- I'm guilty of that too sometimes- just trying not to get sucked into that pattern this week cuz it always comes back to bite me you know where. LOL

  • http://alphahorn.blogspot.com/ alphahorn

    this was an inevitability to form the H & S (now we see which carries the day)

  • Keirsten

    Here's my fave on YouTube- watch the Prince solo toward the end – it's absolutely mind blowing- who knew?
    http://www.youtube.com/watch?v=ifp_SVrlurY

  • wex

    When you use a 15/60 min setup,for how long do you expect to be in the trade?

  • Osso

    Qs resistance: 36.72 36.75 36.79……..

  • disrespekt

    I think I just saw a tumbleweed blow thru here…

  • thelefteyeguy

    lol…cause no one can explain why the market is up (haha)

  • rhae

    I see it too… SPX shows me no intraday volume. So I have to check the SPY. I believe volume slope from shoulder to shoulder is key for strength of H&S patterns. Intra day volume is not normalized on most charting platforms. Usually volume is skewed because most of it takes place 1st and last hour. So I just trendline the peaks.

    SPY 60m volume slope is flat, so I dunno and won't bias the H&S pattern. But as Fujisan say's watch it. In these low volume short weeks, easy for the mm's to jerk us around. Especially if one is trading low volume stocks.

  • Keirsten

    Aus- Squiddy just reminded me DOH! I also use the Aroon on the dailies. It's a good switch for me at least to keep me in or out of a trade, but like anything- just takes some time to observe and get used to.

  • Squidman

    OMG, I'll never forget seeing him play at the cozy Fairchild Theatre at Michigan State with hundreds of screaming, dancing stoned and ecstatic students. Incredible talent. Great clip!

  • ausdude

    Thanks. Never used that before.. will look into it.

  • Keirsten

    I usually plan to be in the trade for a few hours to several days. With this nutty tape I'm in hit and run mode right now, so it's only short term intraday only for me, and it may take me all day to find my entry and sit it out, or I'll jump on the opening and sit out the afternoon.

  • Osso
  • Keirsten

    I had no idea how good he was until I saw that video Squiddy! What a talent!

  • PRSGuitars

    While we're throwing out Youtube music to pass the lunch hour, I thought I'd offer a brief an inspiring acoustic guitar arrangement of Dylan's 'watchtower'. This is genuinely one of the most beautiful pieces I've ever heard, and I hope you rats enjoy it. It's by an Italian fingerstylist named Walter Lupi —

    http://www.youtube.com/watch?v=XG1c3A4UJgk

    Also, briefly, my username on Twitter (prsguitars) was just bought out by the real Paul Reed Smith guitars! They offered me a free guitar, which I'm also getting signed by PRS himself, and auctioning off to help my aunt and uncle who are having trouble making ends meet amidst medical bills (she's in the later stages of multiple types of cancer). Some awesome people at that company, and some beautiful guitars (ahem, like SOMEONE's avatar . . . cough cough).

    Just thought I'd share the musical good news on both fronts. Best of luck today Mole, everyone!

  • katzo7

    So glad I was harassed off of that other site for being an EWer. For people from a different part of the world, an openness to minority opinions was not to be found there.

  • ausdude

    Check this out – even CNBC has someone talking about Market Manipulation…

    http://zerohedge.blogspot.com/2009/06/cnbc-this

  • Osso

    from the aces of the world…..????

  • Autopsias

    Glad you're back! When in trouble, just take the next space ship and we'll welcome you here in Mars!
    You humour is well appreciated, even for no mouth aliens like us which therefore cannot laugh 😉

  • springheel_jack

    No. EW analysis is not equivalent to astrology! LOL.

  • PRSGuitars

    Wait, you got booted off acetraders for EW'ing? ARE YOU SERIOUS?!!

    I liked nandu a lot, but it's a pain in the ass he's making it difficult to be a part of any and all communities one wishes to be involved in. I totally respect Mole and Nandu's respective calls for focus — and Mole, let me apologize for the brief O/T post below during the doldrum hours — because that, at least, makes sense. It's their house(s), so they run the show and we ought to snap to.

    But EW? That's quite silly . . . (and forgive me if you're referring to a different site than nandu's now invite-only club)

  • http://alphahorn.blogspot.com/ alphahorn

    i posted that i went long KONG this morning, this is why i play these small caps with setups

    http://www.screencast.com/users/alphahorn/folde

  • rhae

    SPY 60m inverse h&s… all just a big game for me so… For it to work, SPY needs to hold above 92.63 for 1 1/2 hour.. 13:30 I want to see how it comes out of Donut Hour when head traders return to their desks…

  • BrassMonkyBalls

    now that was awesome PRS, never heard of him till now but I bookmarked him….wonder what kind of tuning that is…

  • Osso

    that guy NK…he is going to end bad, alone …being an arrogant prick.
    Pretends to charge $100 just for a trade range in 3 ETFs …!!!!!! people must be stupid being there,or else really do not know trading.

  • Squidman

    As a New Englander and a member of the Bostonian Elite, you should know how it works. For those unfamiliar with another master, Danny Gatton: http://www.youtube.com/watch?v=RyjtW-rvWoQ

  • salvadorveiga

    i see it too… my stop is just above the potential neckline…. if activated the target of the HS is 958 …

    Go FEDERER 😀

  • Osso
  • lilme

    Great line: “You can check out any time you like but you can never leave”

    So true

  • katzo7

    Thnx for all of your kind words guys and gals. I won't emntion what site it is.

    BTW, I do know a site were that are all going short; they are obviously not aware of the power of an EW5 move.

    Now time for market to prove me an a**hole.
    LOL

  • http://alphahorn.blogspot.com/ alphahorn

    welcome back katzo, but i'm hoping wave 5 has shot its wad, we are so overbought

  • http://alphahorn.blogspot.com/ alphahorn

    anyone note the transports?

  • disrespekt

    30m close outside upper BB, RSI pierced 70

  • BigHouse(Aka Mr Vix)

    zzzzzzzz

  • http://alphahorn.blogspot.com/ alphahorn

    looking for gravity to do its job

  • Susannah

    If you like fingerstyle, you should love my cousin's husband, Kyle Reeder. He's a champion fingerstylist. Here's one of his CDs: http://cdbaby.com/cd/kylereeder

  • Osso

    feel like Qs are at resistance……36.72/75.

  • wex

    Thanks

  • Lordted

    Off message. Looks like Rog will play the giant next… Could be tough

  • Osso

    bot QID 31.39

  • http://stainlesssteelchicken.blogspot.com/ StainlessSteelChicken

    I think one more 5 wave move up will complete a double zig zag

  • LostIllini

    Very short with very tight stop, nap time could be in order unless the bears wake up out of hibernation.

  • Osso

    bot TYP 20.65

  • http://alphahorn.blogspot.com/ alphahorn

    possible ending diagonal on the SPX 5 min

  • katzo7

    Short term traders could probably use me as an indicator. When I start saying things like this, may be time to cover.
    “So glad I was harassed off . . . . . . .”

    I may have said that right at the word I am; no longer! allowed to? use@ on this site.

    I am now a position trader, will hold until determine I determine a valid top.

  • standard_and_poor

    “I am now a position trader, will hold until I determine a valid top.”

    I give katzo 5 more minutes, maybe 6.

  • katzo7

    Ooops, said the forbidden word.

  • PeterK80

    Alpha, Thank You! This morning really faked me out and started hedging my ETF shorts with individual stocks. This one REALLY saved me. Still holding short from 920ish… stop at 932. Thanks again for pointing this one out!

  • http://alphahorn.blogspot.com/ alphahorn
  • standard_and_poor

    This is getting out of hand here, only one hand here controls the music knobs – OK!

  • annamall

    Hi everyone, I am back, I have been hunting for my sweet lost kitty all morning and nada. I am crushed. I am net short at this point and we saw the 927-930 both Alpha and I were looking for.

  • Squidman

    You want to inch a little further out on that limb and call another failed 5?

  • katzo7

    Is that what you see?

    I nailed that f**king one good. LOL

  • http://alphahorn.blogspot.com/ alphahorn

    another small cap hedge just long went NZ

  • http://www.ambgtrading.com/ amgrant

    I've never been a believer in market manipulation but I have to admit the past month or so has been awfully weird, to say the least.

    Whatever/whoever is controlling this market is absolutely destroying it.

  • http://alphahorn.blogspot.com/ alphahorn

    it'll come back when it gets hungry 🙂

  • isaiah64v4

    OOOOOOOOooooo my………… I know this feeling all too well…. I lost her for a day and lost 5#'s worrying.

    http://tinyurl.com/mypb6j

    I hope you find her Ms Anamall !

  • springheel_jack

    This is a very interesting level on the SPX as it is:

    1. The May peak.
    2. Where we would need to turn down to make the next shoulder for the inverted H&S on the SPX 60min
    3. Where we would need to turn down for the H&S on the daily SPX – Not necessarily for another week though.
    4. Top of the bollinger bands on the SPX 60 min
    5. Middle of the bollinger bands on the SPX daily.

    Good place for a short-term top for this week.

  • rhae

    lol, happens to me all the time… Let's see, She loves me, She loves me not, She love me ,she loves me not.
    She A-Holes me, She A-Holes me not , etc. etc etc

  • springheel_jack

    Good luck finding her Anna

  • rhae

    Wake me up when Donut Hour is over.

  • annamall

    thank you, I am really upset. your well wishes make me feel better Jack 🙂

  • Eric_in_SFL

    One of the daily highlights over at zerohedge this morning was this “Commodity rally may end as supply rises, speculators sell bets.” I'am holding some OIH and one CLQ9 contract, I sold one contract earlier this morning and took profits on some of my OIH and I'am trying to decide if I should just take profits on everything. As of now I think I'am just going to hold because I think oil sees 80 in the next 90 days, I've already locked in some profit and regardless of what happens I won't loose money on these positions I'd just get stopped out for only a small profit.

  • annamall

    Hi Isaiah, isn't that the truth. I feel sick to my stomach right now 🙁 been crying all morning. Ahhhh she's adorable!!!

    here is my Rocco
    http://screencast.com/t/jBQjBKrdC

  • rhae

    Say anything you want, We all do our own dd, but your comments are certainly viewed as alert levels (ino)

  • annamall

    thanks for the encouragement Alpha 🙂

  • http://alphahorn.blogspot.com/ alphahorn

    I posted a small cap NAVR about a month ago, i know someone bot it but can't remember who, anyway my target for is over $4. started its breakout last week up again today 9.6% on nice volume. I've done a ton of work on this one and am holding longer term. worth a look

  • springheel_jack

    Oil news wasn't great this morning. Surprised it has gone up.

  • anotherone

    Anna, that cat looks like it can take care of herself. She'll probably come strolling back and give you a look like “What's all the fuss about?”

  • springheel_jack

    For anyone trading the EURUSD range 1.39 to 1.41, it is now just under 1.41.

  • mrclam

    Alpha, I took this one with you, thanks for the suggestion, just noticed it had gone up!

  • annamall

    that made me smile anotherone thank you! I keep looking out to see if I see him walk up, its 90 degrees here and feels like 110 degrees, so i hope he is ok. 🙂

  • katzo7

    Thnx rhae for your support.
    One has to keep an open mind in this, I wait to be proved right, not proved
    right and I am gone.

  • rhae

    Was looking at the commodes/ basic material and seemed very mixed. Something about futures rolling to August… but that stuff over my head.
    Only thing I have in the cooker is WNR and FAST if one considers nuts and bolts and screws basic.
    I am only playing short term charts… a week or so.

  • standard_and_poor
  • isaiah64v4

    OOOOOOOOOOOOO MY………….. annamall…. I'm catching the first plane down to help you look. Rocco is a heart throb. Keep checking the door every so often…. [Wooow I feel bad and I didn't even lose any $$$$… animals do have a certain draw about them]

  • rhae

    Ok SPY, my time limit is about up… will it make a move? 92.63 tho the line seems to have shriveled away…

  • disrespekt

    5m BB squeeze against bleeding off RSI…if I had to guess I'd say up

  • http://tradingsigns.blogspot.com/ T. Waffle

    Do you think human trade like this?

    http://www.screencast.com/users/Twat_Waffle/fol

  • Keirsten

    OH! I'm so sorry, I know you're frantic. 🙁 I think Alpha is right- and I'll send up a prayer.

  • LostIllini

    Heavy resistance above & air below, having said that if the bulls push through watch out 950-1000 coming to a tape near you.

  • http://alphahorn.blogspot.com/ alphahorn

    cool, it will be a nice ride these next several quarters will be earnings bonazas! they've written off so much goodwill and paid off so much debt everthing will fall from now on.

  • Squidman
  • Keirsten

    No kidding, and how many times have we seen this exact stuff over and over again for the last several weeks?

  • springheel_jack

    As alphahorn pointed out earlier. $TRAN is flat today and has not followed the Dow up. Still flat.

  • stealthadvisor

    Anna,

    If the cat is a hunter, and not fixed or fixed late, he might stay away for a few days. I had one that was gone for 4 days at a time until I had him neutered.

    He's probably sleeping somewhere in the shade…

  • Squidman

    At this point I think we are all just waiting for the bots to make a move and then catch some of the ride.

  • http://es seawolves

    annamall is she microchipped she is beautiful along w/isaiah I am praying she finds her way home now and is ok I have a boy cat is like a child

  • http://tradingsigns.blogspot.com/ T. Waffle

    I believe months. last couple of months. we are trading in this box range.

  • http://www.ambgtrading.com/ amgrant

    Exactly…we have seen this movie COUNTLESS times. The markets have been destroyed.

  • Osso

    Qs at the 200 dma on 1 min. chart…

  • rhae

    SPY bears… Don't Fire until you see the whites of their eyes… Old Pirate Movie? War Movie?
    Don't think it was Tsung Zoo

    http://screencast.com/t/3egqPz6yRV

  • PRSGuitars

    I am SO sorry to hear that! Forgive me for sharing my lost kitty story too, but my 12 year old totally-indoors persian got out for three days and I swore I had lost him forever. He reappeared, muddy, twigs in his fur, and looking like a major WTF!!, but he returned all on his own — I had put up signs and asked around the neighborhood for hours, and really about given up hope.

    Your best bet is to keep food outside, doors open if possible or at least screens, just anything to entice him back to familiar settings and scents. Do NOT give up hope — people you hardly know, people who aren't even religious(!), are praying for your cat.

    It's funny how the internet works — you meet the most unique people, and you often have the strangest things (trading options/futures, and liking cats, for example) in common. Look at how many of the rats show up in support for missing kitties!

    Seriously, though, you're in our thoughts and prayers…

  • springheel_jack

    I think we've been looking at the whites of their eyes for over three hours now. Old war movie, might have been Zulu.

  • katzo7

    BBs tightening on the 5 min. (I hate the 5 min.) Gonna “splode one way or other.

  • Keirsten

    Watching the SPY- gap resistance was 92.68- it's just a hair above that now.

  • BigHouse(Aka Mr Vix)

    I would rather watch a Steven Seagal movie than look at this market today. lol

  • annamall

    ahhh prsguitars what a nice story!!! 😀 made me smile. have food at front/back and have been walking around the neighborhood and asking neigbors.
    Also registered him lost on the Animal services website with pic. here's praying he comes home.

  • annamall

    I am trying to find that out. I rescued him from Animal services so he does have cropped ear. all my others are. here's praying!

  • annamall

    Hi Stealth, he is fixed, but is a youngster and a male, so i am hoping he is just out looking for squirrel's not blind ones though, and will be home soon, thanks for the support!

  • http://www.ambgtrading.com/ amgrant

    LOL best joke of the day.

  • annamall

    Thank you K, I am praying really hard! I will let you know sistah. 😀

  • wex

    Quote is from the battle of Bunker Hill.

  • dumbpainter

    American Revolution…

  • wex

    Zulu is a great movie and based on a true story.

  • http://www.OptionsVista.com 1option

    Guys I apologize, but Snap has released two more parts in his Trader Psychology series: Introspection and Exuberance. Both are great pieces. Be sure to comment on them:
    Part 7. http://www.optionsvista.com/snaptrader/215-trad
    Part 8. http://www.optionsvista.com/snaptrader/218-trad
    Thanks!

  • Keirsten

    Please do. 🙁 My ginormous black boy got out last week and we spent hours looking for him in the forest only to find him hiding under the deck laughing at us.

  • tranchefoot

    I think the MM's are holding up the price, hoping for captive buyers in the afternoon.

  • molecool

    You guys… good idea btw.. but I have so much work to catch up with.

  • standard_and_poor

    Added TZA (short small caps) as a hedge.

  • molecool

    And he misspelled Sun Tzu – jeezzz… rahe – your weekend assignment is a visit to the liberry 😉

  • perspective
  • springheel_jack

    Not the American Revolution I don't think. Until smokeless powder was invented battlefields were very cloudy with smoke after the first shot, and until decent rifles came into common use in the mid-1800s, volleys were fired from longer distance as muskets were too innacurate for precision shooting.

    The main skill in musket shooting was to train the troops to fire the maximum number of shots in the minimum time, which more than anything else gave the Brits the advantage over the French in the Napoleonic War.

    Rifle shooting on a large scale only really made it into the US military in the Civil War.

  • http://alphahorn.blogspot.com/ alphahorn

    watch for an RSI breach of 50 on the 15 min SPX. i see big red candles in the future

  • springheel_jack

    Very much based on a true story.

  • http://alphahorn.blogspot.com/ alphahorn
  • tranchefoot

    More of a EUR/JPY fan myself. Anyone know why the spreads on the GBP/JPY are so much larger than other JPY or GBP crosses?

  • ssny2004

    Hi Anna
    So sorry to hear about Rocko, praying that you find your little darling
    soon

  • katzo7

    Hey bro.

  • annamall

    Thank you sweetie! ROCCO COME HOME!

  • C C Rider

    I see green candles into the close, starting into the last hour of trading.
    937 anyone?

    http://stockcharts.com/h-sc/ui?s=$SPX&p=W&yr=1&

  • annamall

    i Have been looking everywhere, and posted his picture on the AS website and praying allot. Hope he's just out cating around. He is absolutely adorable and just as sweet, glad you found your baby..

  • BrockSampson

    Hi Anna, He looks just like our Cassady, Who has been known to get out and worry us for a while also.I'm sure Rocco is just chillin somewhere and will come back when hes ready and you least expect it.I know its hard and try not to worry too much. Will be thinking about you.

  • rhae

    Excellent, very good points… I never went to a Universtity… Just the School of Hard Knocks… It seemed to have a very penetrating effect… nothing like good screw-ups to leave a lasting memory.

  • http://tradingsigns.blogspot.com/ T. Waffle

    Sup Katzo

    Boring market.

  • perspective

    i concur. not sure about 937 – but that would be nice and neat.

  • Osso

    aapl failing to take 144..mmmm…..and Euro failing taking 1.41…mmmm…

  • isaiah64v4

    Keiiiiiiiiiiirsten…. DTO… does that ring a bell? Like it is time? Or close to it?

  • KidDisco

    $SPX 60 min RSI is about to go under 70. That's bearish, no?

    Stochs, momentum, MACD are also all rolling over.

  • bsummertime

    I ate some liberrys at the dung zoo watching the poler bares

  • http://alphahorn.blogspot.com/ alphahorn

    it's a start it's when it breaks below 50 that things get exciting

  • http://alphahorn.blogspot.com/ alphahorn

    NAVR now up 16.36% for the day 🙂

  • http://alphahorn.blogspot.com/ alphahorn

    katzo here comes your 5th of 5

  • molecool

    Ahem – can we share the love a little? Thanks!!

  • DoubleNaughtSpy

    Someone should send a message to Direxion that TZA is the inverse fund…not TNA.

  • eunsuh

    jethro….they could care less. Just another bear trap….or not.

  • pkts

    Maybe try craigslist too?

  • annamall

    You think 930 was the top as I do Alpha?

  • Lordted

    Everything rolling over except the price…

    Never a short a dull market they say. They could easily keep it here until tomorrow…

  • dollar

    Noob here – I think xlf already broke 50 on the 15 min, and a two day uptrend in the RSI, QQQQ broke 50 but there is a lower low on the RSI today at 36.17
    Am I reading this right?

  • thelefteyeguy

    nice!

  • http://alphahorn.blogspot.com/ alphahorn

    cash only has touched 927.99, so it could still pop to 930, but it's looking like it might break down through is rising wedge and if so next stop is the broader channel around 920

  • eunsuh

    “They” have the power to do whatever they please, which is obvious every day of trading.

  • http://www.pacfreehotwater.com steveo77

    http://screencast.com/t/5qOGHTJs

    Sears….nice Fib swat down on a 4% up day. Let me know if you cant read above link….that would mena I used up all my screen cast bandwidth.

    Also new ES chart on my site, I see 926 as 61 Fib, so that could be a cap.

  • salvadorveiga

    Yes sir Mole…

    I'm long USDJPY and GBPJPY as of this morning 😀

    Is it me or S&P looks kind of freezed? What a frikkin waste of time….

  • http://alphahorn.blogspot.com/ alphahorn

    xlf's RSI is 59. hasn't approached 50 today. RSI 14 is my setting. the qqqqs are trying, need a solid move down on volume, it's over 50 at the moment and volume has been low

  • annamall

    Oh god Ted, I love it! Great avatar…:-) made me smile…

  • annamall

    Hey Sal,
    yes, another paint drying day. When are you coming to Florida??? 😀

  • disrespekt

    i'm looking for a top somewhere in the 930-935 neighborhood should be soon…i'm already short mostly iyr and components thereof because it has not confirmed.

    Recent IYR action looks like an A wave down completed and we are in B up. Either way, I took advantage of the relatively low VIX to grab shit in Oct-Jan

  • Lordted

    Thought I'd support the boy as he cruises through…

  • Douala

    Looks like 927 may hold today leaving the formation of a H&S
    still intact on my S&P recipe* chart .

    [* 2 parts Fujisan, 1 part Keirsten & annamall, a dash of Atilla & John Murphy and pinch of McHugh and I came up with this]

    http://tinyurl.com/m7wjjj

    If this is right then tomorrow we will close below 895 [based on a dash of Atilla]

  • annamall

    Me too! He's the best ever and very sexy too! 🙂

  • katzo7

    Have you ever grown tomatoes and lettuce?
    http://www.bostonwealth.net/2009/06/29/spx-500-

  • annamall

    Hey Doula LMOL nice chart…heheheh I like it!

  • disrespekt

    I agree, a great story, a triumph of the technology and progress of a now politically incorrect group against nobly savage peace-loving ways.

    The Battle of Blood River was also a great historical occurrence.

  • CowardlyLion

    Attributed to several fellows at Bunker Hill, but according to Wiki likely originated earlier.

  • disrespekt

    We went over this last week…program trading now up to 40% of volume.

    Let me describe this market as an analogy…it's like, say, a porno movie where a scene is shot over the course of perhaps hours. You just see the guy and think he's a stud who can keep it up for eons, but he has a fluffer to help him out in between takes. Goldman Sachs is like the market's fluffer.

  • salvadorveiga

    No, what's even wrose than watching paint dry ? Whatever it is, that's today's market lool…

    I'd love to go to Florida sometime… even if i don't happen to attend my masters there it sure is a place I intend to visit…

    If only I knew someone from Florida that could show me around… ! 😀

  • dollar

    I guess that's what I should expect from the cheapie FreeStockCharts.com – it is telling me that Wilder's RSI 14 on the XLF 15 minute chart had an intraday low of 45.31 at 2:45! Any suggestions for a better charting service?

  • Fujisan

    Same here. GBP/JPY took off!

  • http://zstock7.com/ zstock

    QQQQ trading range for Tuesday 37.3—-35.81
    Here's a CELG chart, It's probably a short
    http://zstock7.com/?p=1310

  • annamall

    I would love to. Clearwater Beach is fantastic! Lots of pretty girls 🙂

  • C C Rider

    When they take out 928, short covering alone gets you to 937. Looks like buck is obliging.

  • disrespekt

    Cats are like women, they'll hit you back up when they feel in the mood. Until then, there's just no sense in trying to make heads or tails of it.

  • http://alphahorn.blogspot.com/ alphahorn

    i think the SPX want 930 pretty bad is going to make a run for it

  • molecool

    ¤ø„¸¸„ø¤º°¨¤ø„¸¸„ø¤º°¨
    ¨°º¤ø„¸ N E W „ø¤º°¨
    ¸„ø¤º°¨ P O S T “°º¤ø„¸
    ¸„ø¤º°¨¤ø„¸¸„ø¤º°º¤ø„¸

  • Douala

    and so far it seems to be holding up. Last night I had with my post..
    “I'll throw in my view of things. No EW breakdown on the sub atomic level but a general overall view.”
    I mean I have to admit I am waved out. I don't know if it's A-B-C…of X-Y-Z of 1,2,3,4,5 yada yada..so I thought let us girls cook something up and throw it out there. So far so good. +1 for us. 😉 LOL

  • Fujisan

    Good catch, Mole! I'm long USD/JPY as well as GBP/JPY. They took off and possibly go much higher.

    As GBP/JPY has a very strong correlation to INDU, the chances are, the equity market will go higher as well.

    Remember, if SPY closes above 92.70 today, it will go to retest 96.11.

    Check SPY option open interest for July 95 – they are huge!

  • http://es seawolves

    osso what happened to typ you still holding I bid it 20.62

  • salvadorveiga

    eheheh now seriously I really want to go back to US since I just fell in love with the country…

    Top places to visit are Florida of course, LA, NYC, Las Vegas… (cannot forget Washington state as welll :-D)

  • springheel_jack

    Could have been a lot earlier. No reason it wouldn't have been used with volleys of arrows.

  • salvadorveiga

    200 pips in the bag already 😀

  • Squidman

    I see we are at R1. Do you look for a retrace now when Asian market opens?

  • Squidman

    Ignore my question below. Thanks Fujisan!

  • Fujisan

    Isn't it so sweet??

  • salvadorveiga

    actually it was my charts with daily candles that triggered it… so maybe we can have some more upside in here 😀 would love too…

  • Fujisan

    I had a buy signal in my daily set up as well. I had placed a buy order yesterday. Both daily RSI & Stoch are pointing up, and broke out of the daily range. I'm expecting this to go much higher.

  • Fujisan

    It should come back to retest the breakout point, which is RR, so even if you missed this entry, we would have more opportunitieis to go long.

  • salvadorveiga

    nice then 🙂 then i can expect much higher levels… i'm gonna stick with this one then 😉

  • katzo7

    Hey bro.

  • http://www.hotoptionbabe.com annamall

    Thank you sweetie! ROCCO COME HOME!

  • C C Rider

    I see green candles into the close, starting into the last hour of trading.
    937 anyone?

    http://stockcharts.com/h-sc/ui?s=$SPX&p=W&yr=1&

  • http://www.hotoptionbabe.com annamall

    i Have been looking everywhere, and posted his picture on the AS website and praying allot. Hope he's just out cating around. He is absolutely adorable and just as sweet, glad you found your baby..

  • BrockSampson

    Hi Anna, He looks just like our Cassady, Who has been known to get out and worry us for a while also.I'm sure Rocco is just chillin somewhere and will come back when hes ready and you least expect it.I know its hard and try not to worry too much. Will be thinking about you.

  • rhae

    Excellent, very good points… I never went to a Universtity… Just the School of Hard Knocks… It seemed to have a very penetrating effect… nothing like good screw-ups to leave a lasting memory.

  • http://www.tradingsign.com/ T. Waffle

    Sup Katzo

    Boring market.

  • http://tradingperspective.blogspot.com perspective

    i concur. not sure about 937 – but that would be nice and neat.

  • Osso

    aapl failing to take 144..mmmm…..and Euro failing taking 1.41…mmmm…

  • isaiah64v4

    Keiiiiiiiiiiirsten…. DTO… does that ring a bell? Like it is time? Or close to it?

    😉

  • KidDisco

    $SPX 60 min RSI is about to go under 70. That's bearish, no?

    Stochs, momentum, MACD are also all rolling over.

  • bsummertime

    I ate some liberrys at the dung zoo watching the poler bares

  • http://alphahorn.blogspot.com/ alphahorn

    it's a start it's when it breaks below 50 that things get exciting

  • http://alphahorn.blogspot.com/ alphahorn

    NAVR now up 16.36% for the day 🙂

  • http://alphahorn.blogspot.com/ alphahorn

    katzo here comes your 5th of 5

  • https://evilspeculator.com molecool

    Ahem – can we share the love a little? Thanks!!

  • DoubleNaughtSpy

    Someone should send a message to Direxion that TZA is the inverse fund…not TNA.

  • eunsuh

    jethro….they could care less. Just another bear trap….or not.

  • pkts

    Maybe try craigslist too?

  • http://www.hotoptionbabe.com annamall

    You think 930 was the top as I do Alpha?

  • Lordted

    Everything rolling over except the price…

    Never a short a dull market they say. They could easily keep it here until tomorrow…

  • dollar

    Noob here – I think xlf already broke 50 on the 15 min, and a two day uptrend in the RSI, QQQQ broke 50 but there is a lower low on the RSI today at 36.17
    Am I reading this right?

  • thelefteyeguy

    nice!

  • http://alphahorn.blogspot.com/ alphahorn

    cash only has touched 927.99, so it could still pop to 930, but it's looking like it might break down through is rising wedge and if so next stop is the broader channel around 920

  • eunsuh

    “They” have the power to do whatever they please, which is obvious every day of trading.

  • http://oahutrading.blogspot.com/ steveo77

    http://screencast.com/t/5qOGHTJs

    Sears….nice Fib swat down on a 4% up day. Let me know if you cant read above link….that would mena I used up all my screen cast bandwidth.

    Also new ES chart on my site, I see 926 as 61 Fib, so that could be a cap.

  • http://jogarembolsa.blogspot.com salvadorveiga

    Yes sir Mole…

    I'm long USDJPY and GBPJPY as of this morning 😀

    Is it me or S&P looks kind of freezed? What a frikkin waste of time….

  • http://alphahorn.blogspot.com/ alphahorn

    xlf's RSI is 59. hasn't approached 50 today. RSI 14 is my setting. the qqqqs are trying, need a solid move down on volume, it's over 50 at the moment and volume has been low

  • http://www.hotoptionbabe.com annamall

    Oh god Ted, I love it! Great avatar…:-) made me smile…

  • http://www.hotoptionbabe.com annamall

    Hey Sal,
    yes, another paint drying day. When are you coming to Florida??? 😀

  • disrespekt

    i'm looking for a top somewhere in the 930-935 neighborhood should be soon…i'm already short mostly iyr and components thereof because it has not confirmed.

    Recent IYR action looks like an A wave down completed and we are in B up. Either way, I took advantage of the relatively low VIX to grab shit in Oct-Jan

  • Lordted

    Thought I'd support the boy as he cruises through…

  • Douala

    Looks like 927 may hold today leaving the formation of a H&S
    still intact on my S&P recipe* chart .

    [* 2 parts Fujisan, 1 part Keirsten & annamall, a dash of Atilla & John Murphy and pinch of McHugh and I came up with this]

    http://tinyurl.com/m7wjjj

    If this is right then tomorrow we will close below 895 [based on a dash of Atilla]

  • http://www.hotoptionbabe.com annamall

    Me too! He's the best ever and very sexy too! 🙂

  • katzo7

    Have you ever grown tomatoes and lettuce?
    http://www.bostonwealth.net/2009/06/29/spx-500-

  • http://www.hotoptionbabe.com annamall

    Hey Doula LMOL nice chart…heheheh I like it!

  • disrespekt

    I agree, a great story, a triumph of the technology and progress of a now politically incorrect group against nobly savage peace-loving ways.

    The Battle of Blood River was also a great historical occurrence.

  • CowardlyLion

    Attributed to several fellows at Bunker Hill, but according to Wiki likely originated earlier.

  • disrespekt

    We went over this last week…program trading now up to 40% of volume.

    Let me describe this market as an analogy…it's like, say, a porno movie where a scene is shot over the course of perhaps hours. You just see the guy and think he's a stud who can keep it up for eons, but he has a fluffer to help him out in between takes. Goldman Sachs is like the market's fluffer.

  • http://jogarembolsa.blogspot.com salvadorveiga

    No, what's even wrose than watching paint dry ? Whatever it is, that's today's market lool…

    I'd love to go to Florida sometime… even if i don't happen to attend my masters there it sure is a place I intend to visit…

    If only I knew someone from Florida that could show me around… ! 😀

  • dollar

    I guess that's what I should expect from the cheapie FreeStockCharts.com – it is telling me that Wilder's RSI 14 on the XLF 15 minute chart had an intraday low of 45.31 at 2:45! Any suggestions for a better charting service?

  • Fujisan

    Same here. GBP/JPY took off!

  • http://retracementlevels.zstock7.com/ zstock, Pro Select!

    QQQQ trading range for Tuesday 37.3—-35.81
    Here's a CELG chart, It's probably a short
    http://zstock7.com/?p=1310

  • http://www.hotoptionbabe.com annamall

    I would love to. Clearwater Beach is fantastic! Lots of pretty girls 🙂 Let me know when you are coming and I can be your chaperon!

  • C C Rider

    When they take out 928, short covering alone gets you to 937. Looks like buck is obliging.

  • disrespekt

    Cats are like women, they'll hit you back up when they feel in the mood. Until then, there's just no sense in trying to make heads or tails of it.

  • http://alphahorn.blogspot.com/ alphahorn

    i think the SPX want 930 pretty bad is going to make a run for it

  • https://evilspeculator.com molecool

    ¤ø„¸¸„ø¤º°¨¤ø„¸¸„ø¤º°¨
    ¨°º¤ø„¸ N E W „ø¤º°¨
    ¸„ø¤º°¨ P O S T “°º¤ø„¸
    ¸„ø¤º°¨¤ø„¸¸„ø¤º°º¤ø„¸

  • Douala

    and so far it seems to be holding up. Last night I had with my post..
    “I'll throw in my view of things. No EW breakdown on the sub atomic level but a general overall view.”
    I mean I have to admit I am waved out. I don't know if it's A-B-C…of X-Y-Z of 1,2,3,4,5 yada yada..so I thought let us girls cook something up and throw it out there. So far so good. +1 for us. 😉 LOL

  • Fujisan

    Good catch, Mole! I'm long USD/JPY as well as GBP/JPY. They took off and possibly go much higher.

    As GBP/JPY has a very strong correlation to INDU, the chances are, the equity market will go higher as well.

    Remember, if SPY closes above 92.70 today, it will go to retest 96.11.

    Check SPY option open interest for July 95 – they are huge!

  • http://es seawolves

    osso what happened to typ you still holding I bid it 20.62

  • http://jogarembolsa.blogspot.com salvadorveiga

    eheheh now seriously I really want to go back to US since I just fell in love with the country…

    Top places to visit are Florida of course, LA, NYC, Las Vegas… (cannot forget Washington state as welll :-D)

  • http://channelsandpatterns.blogspot.com/ springheel_jack

    Could have been a lot earlier. No reason it wouldn't have been used with volleys of arrows.

  • http://jogarembolsa.blogspot.com salvadorveiga

    200 pips in the bag already 😀

  • Squidman

    I see we are at R1. Do you look for a retrace now when Asian market opens?

  • Squidman

    Ignore my question below. Thanks Fujisan!

  • Fujisan

    Isn't it so sweet??

  • http://jogarembolsa.blogspot.com salvadorveiga

    actually it was my charts with daily candles that triggered it… so maybe we can have some more upside in here 😀 would love too…

  • Fujisan

    I had a buy signal in my daily set up as well. I had placed a buy order yesterday. Both daily RSI & Stoch are pointing up, and broke out of the daily range. I'm expecting this to go much higher.

  • Fujisan

    It should come back to retest the breakout point, which is RR, so even if you missed this entry, we would have more opportunitieis to go long.

  • http://jogarembolsa.blogspot.com salvadorveiga

    nice then 🙂 then i can expect much higher levels… i'm gonna stick with this one then 😉