12/05/2012 Live Update

[Cobra]

double top. here's the target. 15 min to close, so not sure.

[wayne0708]

Break down!

[BullBear52x]

last chart for the road, here is the buy intraday.

[TraderGirl]

I still believe Apple has the potential for a wave 5....at some point we will most likely see a lower low based on this price action...

[Al_Dente]

That is one big fat fail right there
Now she’ll test vwap with big fat red sticks
OY in caps

[L_T]

DIA trying to make higher high if just barely while above key MA's and maintaining trend line. Hard to be too bearish here.

[fehro]

shoulder in the making?

[Cobra]

members only update at 3:51pm
http://www.cobrasmarketview.com/2012/12 ... ay-update/

[Petsamo]

Tomorrow there's a rate decision by the ECB, 7:45 a.m - sell the pop on ES if there is a rally?

Gee uempel, AAPL is at the low of the day, and SPY & the Russell 2000 are near the high of the day.

[Cobra]

well, guess that's it for today. I need dig a little before calling tomorrow. Members should know what to see now and what to expect on AAPL. 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

[Petsamo]

Petsamo... so gap down tomorrow?

Lemme change my answer.
Best chance for a gap down is if we close at the highs.
But my spreadsheet has a bad track record.

[MrMiyagi]

Probably gap up before I wake up and down as I rub the sleepies from my eyes.

[TWT]

Tomorrow we have a holiday in Spain so I will take a day off the markets.

The two patterns I showed today are still “on the table”

1. An Ending Diagonal that would complete a Zig Zag from the November 16 low. The target would be located in the range of 1433. This pattern would strengthen the larger picture (Bearish) wave (B) scenario, as the next directional move will most likely be to the down side with revisiting the November lows (probably a lower low)

2. The Double Zig Zag option, if today price has established a bottom, could morph into a Triple Zig Zag. This pattern should have a substantial higher target above 1433 but could establish a lower high (below the September 14 high) hence it should also be a wave (B)

[Darkmatter]

That lower trendline, what's that all about? I see only 1 point of touching which mean you could draw it in just about any direction you could possibly wish. Am I missing something?

Tomorrow we have a holiday in Spain so I will take a day off the markets.



The two patterns I showed today are still “on the table”

1. An Ending Diagonal that would complete a Zig Zag from the November 16 low. The target would be located in the range of 1433. This pattern would strengthen the larger picture (Bearish) wave (B) scenario, as the next directional move will most likely be to the down side with revisiting the November lows (probably a lower low)

2. The Double Zig Zag option, if today price has established a bottom, could morph into a Triple Zig Zag. This pattern should have a substantial higher target above 1433 but could establish a lower high (below the September 14 high) hence it should also be a wave (B)

[TWT]

FDAX: A pullback is due. Maybe we have an Ending Diagonal project

[TWT]

EUR: Short Term Risk ON/OFF will depend if ......

[TWT]

IBEX: Another Risk ON/OFF Indicator. If .......

[TWT]

That lower trendline, what's that all about? I see only 1 point of touching which mean you could draw it in just about any direction you could possibly wish. Am I missing something?

Tomorrow we have a holiday in Spain so I will take a day off the markets.



The two patterns I showed today are still “on the table”

1. An Ending Diagonal that would complete a Zig Zag from the November 16 low. The target would be located in the range of 1433. This pattern would strengthen the larger picture (Bearish) wave (B) scenario, as the next directional move will most likely be to the down side with revisiting the November lows (probably a lower low)

2. The Double Zig Zag option, if today price has established a bottom, could morph into a Triple Zig Zag. This pattern should have a substantial higher target above 1433 but could establish a lower high (below the September 14 high) hence it should also be a wave (B)

Maybe we have to be patient and wait for price to show the wave and the way

[tigerjim]

First time in three days the tick pushed above the bolinger centerline
(bull)
If it’s a REAL change from red to green, the tick/spy may need to bounce around (note pink) before her slope starts curving up…… [guessing based on pink]
Short term overbought already, plus nyadv is only 1600 at the moment……….. we’ll see

125cumtick.png

Al_Dente,

Great charts as always - really like this one -
having hard time duplicating top pane with BB and Tick in Stockcharts -
could you provide the settings?

Thanks in advance