05/01/2012 Live Update

[Cobra]

fib info.

[alvian33]

cobra, what do you think of rimm? I got few shares last week, but I am not too comfortable, could you please tell me your opinion, I appreciate. thanks

I see potential descending triangle in the forming, so not a pretty picture.

thanks, i jumped second time on this crap, and I lost money twice, ohh well...

[Petsamo]

cobra, what do you think of rimm? I got few shares last week, but I am not too comfortable, could you please tell me your opinion, I appreciate. thanks

I wonder what happened to RIMM today. If you have profits, I'd take them

There’s a bunch of RIMM news today on http://techcrunch.com/
Keep scrolling down
Eg: Here’s what the new blackberry will look like, etc
http://techcrunch.com/2012/05/01/tired- ... look-like/

I have the BlackBerry 9700. I don't care for what replaced it, which is the 9900

[Petsamo]

Don't anyone tell F what direction down is

[Cobra]

And Cobra ,, how about Eur/Usd ,, reversal to downside today ? If yes ,, then no good for markets usually right ?

close here might mean pullback because most black bars did lead a pullback of some kind in the past, but the big picture is not bearish yet, it's a triangle so the bias is still a little bit on the upside.

[tkvprasad]

SPY , IWM and QQQ is bit weak here, but $INDU made a new high and it is leading in my opinion. We could see SPY eventually take out 1422;

[Cobra]

overshot, volume surge, fib 38.2%, let's see any rebound here, bulls might have chances here.

[Mr. T]

Questrade.com if you want to sign up, I would like to have you use my affiliate referral link.

You might try Scotia iTrade.................my platform shows naked call writing.

How is their service and commissions?

You don't need them. Join Mr. T's brokerage....... we make SURE you win.

PPS got you down? We go right into the trading pit and "negotiate"......

"I told you to bring up that price Foo!!! [Mr. T grabs MM and throws him thru a set of monitors).
"I told you Foo to stop that positive gibber-gabber, this is a Foo's rally!!!" [grabs Liesman and throws him off the roof]
"I told you Foo to stop pumping and dumping on all these nice people" [grabs Cramer, puts a dunce cap on him right before going on the air]
"Stop this printing nonsense Foo!!! You're making my gold chains worth more, but the kids ain't got no food to eat.... those food stamps are foo's stamps!!". [Throws printing press onto Ben, crushing him]

All in a day's work at "T's" brokerage....... "cause if you go broke, someone's going to get broken in two."

[MrMiyagi]

I didn`t even realize we were in POWER HOUR! Almost over now.

Mr T... I see you live in the same fuzzy world I do!

[Mr. T]

Closing below the breakout point on the DOW is really bearish isn't it?

[Cobra]

aapl key time, there's a hope a double bottom is forming here. again, if you like my intraday comment, please vote for me here: http://stockcharts.com/public/1684859/tenpp, thanks.

the double bottom is treated as very short term, like a day or two? or hourly? thanks

a day or two but not confirmed yet, just a possibility.

[CarlosDK]

What do you think about tomorrow Cobra ,, red or green ?

[dr659]

Questrade.com if you want to sign up, I would like to have you use my affiliate referral link.

You might try Scotia iTrade.................my platform shows naked call writing.

How is their service and commissions?

You don't need them. Join Mr. T's brokerage....... we make SURE you win.

PPS got you down? We go right into the trading pit and "negotiate"......

"I told you to bring up that price Foo!!! [Mr. T grabs MM and throws him thru a set of monitors).
"I told you Foo to stop that positive gibber-gabber, this is a Foo's rally!!!" [grabs Liesman and throws him off the roof]
"I told you Foo to stop pumping and dumping on all these nice people" [grabs Cramer, puts a dunce cap on him right before going on the air]
"Stop this printing nonsense Foo!!! You're making my gold chains worth more, but the kids ain't got no food to eat.... those food stamps are foo's stamps!!". [Throws printing press onto Ben, crushing him]

All in a day's work at "T's" brokerage....... "cause if you go broke, someone's going to get broken in two."

LOL

[Cobra]

broad view. QQQ and IWM are weak.

[MrMiyagi]

XIV is not budging much, is it?

[Petsamo]

IWM's almost negative

[Cobra]

aapl no good looking here, could be either a descending triangle.

[fehro]

Gap down below 1403 tomorrow? ..maybe not .. but a break of that area could see a sharp move down,
unless we bounce here and go up 1420, then 1430ish?

[TraderGirl]

bear flag on XIV?...

[Cobra]

well, guess that's it for today. glad the market moved a little before the close, otherwise this forum would be totally dry and I'm soon out of forum business. Not sure about tomorrow yet, need dig a little. Wednesday is a little bit bearish biased recently though. thank you guys, I'll see you tomorrow.