05/04/2012 Live Update

[TraderGirl]

Without making adjustments, this is what the 5 minute looks like....

[KeiZai]

Thanks all! Im gonna drink some beer, hope everyone had a good week...see u weekenders!

P.S: some sheeps are still really fat, needs to exercise more to lose weight, but they are on the right way

[TraderGirl]

APPL.. this could be support for now...unless we are going to make a new low....

[CarlosDK]

Cobra what is your view for Monday ?? bullish or bearish? Can you dig a little bit before close maybe ? Thank you

[Cobra]

guys, I'm very happy with the stimulus package you offered me today, please I beg more vote and follow, I'm a greedy guy: http://stockcharts.com/public/1684859

Thanks a million!

[Cobra]

Cobra what is your view for Monday ?? bullish or bearish? Can you dig a little bit before close maybe ? Thank you

usually a small range bar with a little bearish bias.

[MrMiyagi]

What's the prize Cobra?

[Cobra]

this consolidation until close generally is not good, although I'm neutral here (I don't want to risk my face to make another wild guess here.)

[Cobra]

I don't believe this is a double bottom but it's not in me to deny the possibility.

could we have another push down Cobra??

18 min to go, so I don't know. If we still have hour or two, then the answer is yes, very likely.

[wayne0708]

this consolidation until close generally is not good, although I'm neutral here (I don't want to risk my face to make another wild guess here.)

it's possible that price is consolidating in a rectangle before another led down I think.

[Cobra]

hmm, I think we'll have a double bottom here. let's see.

[Cobra]

still no breakout, wait...

[Cobra]

aapl hitting channel bottom should mean more down ahead. http://stockcharts.com/public/1684859/c ... /260183775;

[Petsamo]

Who's placing bets for a gap down?

[Ed02]

still no breakout, wait...

Cobra, is today MDD?

[Cobra]

well, guess that's it for today. not sure about the next Monday but normally, it should be a small range bar either green or red. Overall, a lower low ahead is almost guaranteed, most likely the next Monday (not saying Monday will close in red, it's lower low not lower close). Thank you guys, I'll see you the next Monday.

[KENA]

Cobra..Thanks for the week..Everyone have a good weekend and maybe we continue this dn move on monday.

[Cobra]

still no breakout, wait...

Cobra, is today MDD?

no way. you can find if it's MAD or MDD here: http://stockcharts.com/public/1684859/c ... /134696784;

[dr659]

well, guess that's it for today. not sure about the next Monday but normally, it should be a small range bar either green or red. Overall, a lower low ahead is almost guaranteed, most likely the next Monday (not saying Monday will close in red, it's lower low not lower close). Thank you guys, I'll see you the next Monday.

The weak close, Is better for the bulls no?

[Petsamo]

I reluctantly placed bets for a gap up. 26.78 was my break even on X and it never went above that point. So I just hope for the best that we gap up Monday. Have a good weekend everyone!