TRADERS ANONYMOUS: Morning Audibles 5.28.10

Morning Audibles 5.28.10 - Here's a catchy tune! :-)

This was too good... I couldn't help but link it up it here as well...
(from KD)

253 comments:

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I-Man said...: 200 comments?; May 28, 2010 at 2:50 PM
AmenRa said...: It took a gap up to break through the midpoint of the 5 min candle from the Spain announcement. Sheesh. Looks like the folks in the Hamptons took control from their iPads.; May 28, 2010 at 2:52 PM
I-Man said...: I've seen enough...

Going to lunch early.; May 28, 2010 at 2:55 PM
Nic said...: OK I am off. Hope everyone has a lovely weekend.; May 28, 2010 at 2:57 PM
karen said...: well, now that all the VIPs have left, maybe a sell-off will ensue...; May 28, 2010 at 2:59 PM
arbitrage789 said...: Karen @ 2:59

Exactly what I was thinking.; May 28, 2010 at 3:02 PM
72bat said...: karen -
eternal vigilance (or all cash?), the price for one's positions not being trashed into the close before a 3-day weekend?; May 28, 2010 at 3:05 PM
AmenRa said...: Karen

Not until Obama has finished. They are really trying to keep the market afloat while the weighted anchor keeps pulling it down.; May 28, 2010 at 3:11 PM
Leftback said...: Bye, everyone. We'll have a full report on Brian's BBQ on Tuesday before the JOHNNY Hour is over...; May 28, 2010 at 3:18 PM
Lloyd in the Hamptons said...: This market is closing above 1100 because I said so.; May 28, 2010 at 3:29 PM
AmenRa said...: To all,

Have a safe and fun holiday weekend.; May 28, 2010 at 3:29 PM
mcHAPPY said...: A double zigzag in the works?

Off the open I see an A-B-and start of C.

Actually I stoppped typing for about 10-15 minutes to take a phone call. There is no doubt we are in a upwards/impulsive movement.

When this is over "release the hounds."; May 28, 2010 at 3:37 PM
I-Man said...: I'm back... got a pretty tight wedge here going on the 10min...

Would love to see it breakdown and close below 1090.; May 28, 2010 at 3:37 PM
Nic said...: Mr Topstep:
http://www.youtube.com/watch?v=9qV-5CHFL7g; May 28, 2010 at 3:39 PM
Nic said...: now I am really going ... GL; May 28, 2010 at 3:39 PM
I-Man said...: Ugh...

Just looked at the EURUSD 10min... SPX should follow suit into the close...; May 28, 2010 at 3:39 PM
I-Man said...: Give us Danny back, this other guy is painful to listen to.; May 28, 2010 at 3:42 PM
I-Man said...: Ha! Gap back atcha!; May 28, 2010 at 3:46 PM
Leftback said...: I-Man is getting a wedgie from Mr Market.

LB is happy he did nothing today. Might be time to hedge my Ts...; May 28, 2010 at 3:48 PM
I-Man said...: Can you get wedgies with a hemp loin cloth?; May 28, 2010 at 3:50 PM
Leftback said...: Next week, perhaps, the Exit Rally concludes:

Tu - Momo Tuesday and JOHNNY HOUR - meandering up day.
W - Weak ADP report, Oil Build. Release the Hounds?
Th - Claims.
F- The NFP number.; May 28, 2010 at 3:53 PM
AmenRa said...: PPT "Here we come to save the day!" LMAO; May 28, 2010 at 3:53 PM
I-Man said...: Come out to Portland and I'll give your british ass a wedgie...; May 28, 2010 at 3:53 PM
arbitrage789 said...: I was hoping for a low-risk entry point to go long over the weekend. Barring a miracle in the next 5 minutes, I'm not going to get it.; May 28, 2010 at 3:54 PM
karen said...: Dumb JNK saying risk on..; May 28, 2010 at 3:55 PM
AmenRa said...: This market feels like an ebay auction.; May 28, 2010 at 3:55 PM
karen said...: JNK in distribution mode.. hyg:lqd putting in risk off candle..; May 28, 2010 at 3:56 PM
I-Man said...: You should see AUDJPY, Ra...; May 28, 2010 at 3:57 PM
I-Man said...: Someone's blowing up right about now I think...; May 28, 2010 at 3:57 PM
karen said...: I love ebay!! my new pucci sting bikini arrived from my new favorite ebay seller today, just in time for a sunny, hot, wet, weekend at the beach.; May 28, 2010 at 3:58 PM
Leftback said...: "Come out to Portland and I'll give your british ass a wedgie..."

Hoping LB can find a better offer than that.

We are hedging here - we do think there will be selling of Ts after the long weekend and that cash will go into HY and equities. The stimulus is going to set BUCKY back a bit, for a few days at least...; May 28, 2010 at 3:58 PM
I-Man said...: So who is going to bid the EUR when the Swiss wave the white flag?

Anyone? Anyone?; May 28, 2010 at 3:58 PM
72bat said...: i-man
"Would love to see it breakdown and close below 1090"
GOING FOR THAT!; May 28, 2010 at 3:59 PM
I-Man said...: Saved by the bell...; May 28, 2010 at 4:01 PM
karen said...: I-Man.. we won! this calls for some milagro, or something, laughing.; May 28, 2010 at 4:01 PM
Leftback said...: Karen,

Did you have to mention your string bikini as LB was in mid-trade? Almost caused a massive Phat Phinger.... could have roiled the credit markets...

Hope you enjoy your hot, wet weekend.... cricket for LB, and a few beers as he contemplates another week of futility.; May 28, 2010 at 4:02 PM
BinT said...: Fun today....hiked to a cave full of bats, strong lightning and rain storm on the way out, 2 miles on a forester's road hiking with lightning all around...the labs were in our feet and scared to move...(er, me too, I think)..

Got home to see an old fashioned sell-off. A good day!; May 28, 2010 at 4:04 PM
arbitrage789 said...: I suppose we could get a bit of a pop on Tuesday. But we've got to revisit the 1060's before too long.; May 28, 2010 at 4:05 PM
AmenRa said...: SPX has had a monthly 3LB reversal. It also has closed below its monthly 10SMA. Let the games begin.; May 28, 2010 at 4:07 PM
72bat said...: karen -
is it one of these string bikinis?; May 28, 2010 at 4:07 PM
karen said...: bat! you are funny! yes, but mine is not there anymore altho i am bidding on another.. they are my favorite..; May 28, 2010 at 4:13 PM
arbitrage789 said...: Leftback

“…major suckage…”;

“… another week of futility”

* * * * * *

I’m sensing a slight deficit of enthusiasm.; May 28, 2010 at 4:14 PM
BinT said...: Karen,

Do they sell those things by the square inch? If so, shouldn't cost too much....; May 28, 2010 at 4:16 PM
arbitrage789 said...: B in T,

Actually, I think there's an inverse relationship.; May 28, 2010 at 4:18 PM
Leftback said...: LB has had a low energy week and a mass of work deadlines.

Peaked on Monday with a 12-8 win over the league leaders, but downhill all the way after that. Playing fitba at midnight is great at the time - but it catches up with you, even if you are a superbly fit young athlete.

(which LB isn't..)

Oh yeah - LB's trading this week? TOOL TIME. Blown stops....; May 28, 2010 at 4:19 PM
karen said...: oh, i misspoke.. mine was there.. forgot she had 3 to sell.. i bot the smallest one, laughing.

http://cgi.ebay.com/EMILIO-PUCCI-aqua-TORRE-tie-string-Bead-TASSLE-bikini-/380159246292?cmd=ViewItem&pt=US_CSA_WC_Swimwear&var=&hash=item9757078c12#ht_2255wt_1206; May 28, 2010 at 4:23 PM
Leftback said...: Apart from that, LB has been on the receiving end of a fair amount of stick in the comments from the Mistress...; May 28, 2010 at 4:24 PM
Leftback said...: Karen, can we look forward to you unveiling a bikini-clad icon?

It's vital to keep traders alert and awake if we find ourselves in a range between the Rounded Bottom (1040) and Karen's Top (1103).; May 28, 2010 at 4:26 PM
arbitrage789 said...: Takes two to tango; May 28, 2010 at 4:26 PM
mcHAPPY said...: The one time I do not jump all in short I am bound to be wrong.

HOWEVER, I am giving myself the benefit of the doubt because:

1) the move from 1pm yesterday in to the close is very difficult to make work as a five wave up. Any place you want to call the end of wave 1 ends up having a possible 4 come back in to its territory.

2) calling the close yesterday the end of 3, the dip at the open 4 and a rise 5 also does not work as the bottom of 4 (1095.27) would cross in to 1095.31 (the only possible top of 1).

3) If we had a C wave to end ii, it would have needed to be a 5 wave up.

4) I can count 5 waves just as easily as I can count an ABC for the decline after the opening.

5) The rise in to the close can be counted as an ABC with the first leg down or it can be the finish of wave 2 (corrective) and we are preparing for wave 3 (up) on Tuesday.

Given the fact this is a wave ii and all 2's have been quite complicated of late, I would be inclined to call this an A-B-C-D complete and working on E.

Just my thoughts. LOoking forward to EWI count and any insights Andy may have on Sunday.

Havea good weekend.; May 28, 2010 at 4:28 PM
I-Man said...: Alright kids, I-Man is punching out.
Have a fun (and safe) holiday weekend!; May 28, 2010 at 4:29 PM
I-Man said...: Oh, dont forget monthly charts printed today.; May 28, 2010 at 4:30 PM
AmenRa said...: Enjoy the weekend!

NEW THREAD UP; May 28, 2010 at 5:08 PM

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Morning Audibles 5.28.10 - Here's a catchy tune! :-)

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