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04/02/2012 Live Update

johnnywa
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Re: 04/02/2012 Live Update

Post by johnnywa »

gvg wrote:
KENA wrote:It will becoming to an end soon..Any bets which way???
sc-4.png
:mrgreen:
hmnn, generally april is very stong month, so i guess we will have to wait till early may to get any meaning full correction.
Normally after weak March,but no weak March this year
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BullBear52x
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Re: 04/02/2012 Live Update

Post by BullBear52x »

still nothing beside back to bull trend, big money still rule until all become believers.
Thanks Cobra and everyone, GLTA

TA note: I am long over night along with long TVIX. no good reason to sell here.
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Ed02
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Re: 04/02/2012 Live Update

Post by Ed02 »

SWalsh wrote:
Ed02 wrote:Thanks very much. Here the plot:
SPY_10d10m_PD_for_20120402.JPG
I can still feel there is more up, so long as the RSI(14) is less than 80. In fact, the longer it dwindles under 70, the more violent SPY will go up. So it seems it may not have enough time to spring up to the upside today, which will imply it will set off the force in the next few days.
What you are seeing is something that a lot of people look at on a closing basis. If the Bollinger Bands have tightened, there is a good chance of a decent gap. What I have not found, nor do I know of anyone else finding, is determining which way the gap will occur.

Also, what happens more than not is the mkt gaps on the opening, that's it, and it sits dead all day. There have been a few moves where after a .75-1% opening it pulls back a bit, and then attracts more activity, but it's not as common as just sitting here from what I have looked at.
I don't disagree with your statements. In fact, I think you are right on the point. When I held over some calls over the weekend, I thought of this exactly same question. But I thought so long as the trend is still up (from both the short/medium trend predicted by Cobra and Stocktiming.com), plus this 10 day10min plot (plus studying the 3-6 month charts of SPY/DJIA/QQQ), plus the big Ben's backup :-), I thought the odds of opening/going higher is higher than going the dip side (which would be bought anyway). Guess this is some type of trend study and I am still learning from you and others.
klaukata
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Re: 04/02/2012 Live Update

Post by klaukata »

maybe 13600?
maybe 13600?
Ed02
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Re: 04/02/2012 Live Update

Post by Ed02 »

Think there will be another 1~2 days' rally, and then the market may take a breath (before going up further).
TraderGirl
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Re: 04/02/2012 Live Update

Post by TraderGirl »

Apple, potential waves...
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johnnywa
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Re: 04/02/2012 Live Update

Post by johnnywa »

if we close around here we should have nice gap up tomorrow 5-7 points
stucap
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Re: 04/02/2012 Live Update

Post by stucap »

Retest broken high?
TraderGirl
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Re: 04/02/2012 Live Update

Post by TraderGirl »

TraderGirl wrote:Apple, potential waves...
Sorry, wave 4 cannot overlap wave 1, so it's a double zig zag down, but the potential for wave "C" is still there....
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Cobra
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Re: 04/02/2012 Live Update

Post by Cobra »

well, not a good typical strong uptrend day close. now we have a biggest red bar with volume surge, so hopefully a rebound here, then we'll see.
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giggleeyes
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Re: 04/02/2012 Live Update

Post by giggleeyes »

Cobra wrote:breakout.
It looks like today is an 'All up' day which could mean a reversal of some kind?
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SWalsh
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Re: 04/02/2012 Live Update

Post by SWalsh »

Ed02 wrote: Guess this is some type of trend study and I am still learning from you and others.
Well I sure don't have which way it will open when they narroe, and have I ever looked!

If you think you have a finding showing a directional bias, as Ross Perot said, "I'm all ears" :D
"I told you...................bring me everyone"...http://www.youtube.com/watch?v=MrTsuvykUZk
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KENA
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Re: 04/02/2012 Live Update

Post by KENA »

The mkt has not closed at 1420 as yet and for more up mkt we will have to close 1420 and higher at least 3-4 times.It does seem the mkt is getting weaker..Lets see. :D
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Cobra
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Re: 04/02/2012 Live Update

Post by Cobra »

some supports here.
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trendfollower
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Re: 04/02/2012 Live Update

Post by trendfollower »

Article update on silver, gold miner stocks, and gold:

http://goo.gl/VaQCo
Ed02
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Re: 04/02/2012 Live Update

Post by Ed02 »

SWalsh wrote:
Ed02 wrote: Guess this is some type of trend study and I am still learning from you and others.
Well I sure don't have which way it will open when they narroe, and have I ever looked!

If you think you have a finding showing a directional bias, as Ross Perot said, "I'm all ears" :D
Surely I will keep you and others updated, if I could figure it out :-)

I can still feel there is one more leg up in short term (for another 6-8 points), but it may not kick in until tomorrow
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Cobra
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Re: 04/02/2012 Live Update

Post by Cobra »

really is not a good close. :roll:
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davegordon14
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Re: 04/02/2012 Live Update

Post by davegordon14 »

Could this be seen as a double top on the SPY?
TraderGirl
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Re: 04/02/2012 Live Update

Post by TraderGirl »

Both DJI and SPX trading in same up sloping channel, with three tries to the upside, we need to either break out here, or we get another attempt to break the bottom channel support...IMHO....
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stucap
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Re: 04/02/2012 Live Update

Post by stucap »

Cobra wrote:really is not a good close. :roll:
not closed yet --- BOING!!!!
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