05/02/2012 Live Update

[BullBear52x]

Thanks Cobra and everyone, GLTA

TA note: no buy set up I can find. INTC will be the Key to Qs and SMH, Volatility ratio still on a sell side.

[Cobra]

not exactly the rebound I'd like to see (I mean too weak), but well, count it as go as planed.

[Mr. T]

not exactly the rebound I'd like to see (I mean too weak), but well, count it as go as planed.

Looks good to me = I want more rebounds to look like that

[MrMiyagi]

Obama must've had a heavy greasy fried chicken lunch; too sleepy to prop up markets.

[Cobra]

still not what I'd like to see on aapl: http://stockcharts.com/public/1684859/c ... /260183775;

[TraderGirl]

the only thing I can say is that tomorrow is the direct Venus Mercury aspect, and one astrologer I follow says that could signal a better than expected number on jobs in the morning and give a push to the market, but it is most likely a sell the news kind of situation, because we could be down into the 4th/7th....IMHO...

[Cobra]

ok, now I can say, it goes as planed. but 19 min to close, let's see my last call on the downside.

[TWT]

EURUSD: The bounce may be over if DT is confirmed

[Al_Dente]

VIX goes into a decent crimp on bolinger 5min
Means gap tomorrow (?)

[TraderGirl]

spx...

[MrMiyagi]

the only thing I can say is that tomorrow is the direct Venus Mercury aspect, and one astrologer I follow says that could signal a better than expected number on jobs in the morning and give a push to the market, but it is most likely a sell the news kind of situation, because we could be down into the 4th/7th....IMHO...

Hey, no crazier than my p-bars!

[Cobra]

10 min to go for my downside call, don't count on it because the last 10 min, anything can happen.

[Cobra]

aapl maybe a triangle, so not good looking.

[MrMiyagi]

DIA and QQQ closed the morning's gaps but SPY is 10 cents short.

[TWT]

SPX: Overlapping means countertrend move = More weakness ahead

[CarlosDK]

Cobra ,, up or down tomorrow ?

[Mr. BachNut]

Gee whiz. IWM and QQQ may close green.

[Cobra]

well, guess that's it for today. I don't read today's action as bearish so the evil plan I hatched in the last night market outlook is still valid (may need modify a little though but the overall direction should be correct), today's market action just confirmed my evil plan. Thank you guys, I'll see you tomorrow.

[Cobra]

Cobra ,, up or down tomorrow ?

see closing statement. if you can trade in AH, then you can always adjust your position after my daily trading signals is out.

[Petsamo]

We have a good case for a gap up but my spreadsheet's still pointing to a gap down.