04/14/2014 Live Update

[Al_Dente]

Al you remind me of a link I just saw: "How to Write with Style" by Kurt Vonnegut. Sort of a tangent off your thinking but I breeze through a lot of blogs what can I say.

I loved Vonnegut, RIP

[1der]

PUT FORK IN PIG???

Uhhhhhhhh, not sure the pig is dead and now it seems a bit pissed off.

[gappy]

Capture.PNG

a.PNG

[MrMiyagi]

Flush to the close after false bounce?

[MrMiyagi]

RUT hit the 200sma, last time was in November of 2012.

[Out of Bounds]

Added long @ 182.33 or so.
Changed my mind and will hold overnight. Something funny going on.

[Al_Dente]

OOB: got it, thanks

[1der]

181.48 PBar is checked off,

Next is up to 182.98

[Out of Bounds]

Clearest "V" I've seen in a while.

[Cobra]

members only update at 3:49 pm
http://www.cobrasmarketview.com/2014/04 ... ay-update/

[Cobra]

well, guess that's it for today. Tuesday tomorrow has been very very bull friendly. thank you guys, I'll see you tomorrow.

before the close, please take a little time to vote for me, thanks. https://stockcharts.com/public/1684859/tenpp

[DumbMoney]

RUT hit the 200sma, last time was in November of 2012.

Hi,Mr Miyagi,is there any p-bars on the down side now? I just long some positions at Mr Miyagi's 181.48 p-bar,looking for Mr Miyagi's 184.04 p-bar.

[TraderGirl]

The only kink in the bull case short term is this potential 5 wave structure down on QQQ's...

[MrMiyagi]

Hi,Mr Miyagi,is there any p-bars on the down side now? I just long some positions at Mr Miyagi's 181.48 p-bar,looking for Mr Miyagi's 184.04 p-bar.

Downside on SPY, effin a-hole... will post later.

[Mr. BachNut]

Bullish close IMO.

One consideration though. Passover starts today at sundown I think.
There is a contingent of the market that is closing up shop for awhile.
It may be we have just seen a slug of shorts getting closed for the holiday
as opposed to an excited group of bulls opening longs for the next move up.
I don't know. Just a thought.

[DumbMoney]

Hi,Mr Miyagi,is there any p-bars on the down side now? I just long some positions at Mr Miyagi's 181.48 p-bar,looking for Mr Miyagi's 184.04 p-bar.

Downside on SPY, effin a-hole... will post later.

Thanks,Mr Miyagi.Wait to see how deep is the hole...

[MrMiyagi]

spy

[MrMiyagi]

Spy10

[DumbMoney]

2786.png

looks like I'd better exit my long positions now or tomorrow morning.... Thanks again for your post Mr Miyagi.

[FlowerGirl]

Notice how this afternoon pBARs (the way I have them) line up with upper yellow/purple diagonal line. Consider the yellow line a hurdle that bulls will have difficulty crossing. Alternatively yellow line and/or the intersection with purple is a GAP up target.

Yes, price followed purple line down and that is not what I was expecting (when I gave my mid after noon prediction), until a down pBAR appeared. Moral of story: one has to be flexible in their views. I actually shorted ES to 10 cents above the pBAR target as soon as I saw the pBAR. Remember, I did have the down scenario in my mind.
In posting my analysis I have tried to highlight various ways one can learn what pBAR may be indicating. However, despite the best effort to make some sense, the exact meaning of these remain elusive.We are can make some educated guesses. So than what is the take home message: Price target is only one facet of pBARs, there are many other.
I post this analysis to thank MrMiyagi for sharing this information.