04/02/2013 Live Update

Post by **Cobra** » Tue Apr 02, 2013 8:51 am

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Gap up within yesterday's range, so the gap might be filled.

The Global ES still looks like a 3 Push Up pattern (Bearish Rising Wedge) only if the current rebound could make a decisive new high. This bull is very resilient as it's keep coming back, so 3 Push Up now becomes 6 Push Up, let's see how many push-ups bulls can make.

Post by **Cobra** » Tue Apr 02, 2013 8:54 am

members only update starts here: http://www.cobrasmarketview.com/2013/04 ... ay-update/

TradingJackal · Post by **TradingJackal** » Tue Apr 02, 2013 9:00 am

GLD on track. It should open on the 61.8 retrace. Nice support shelf there.

L_T · Post by **L_T** » Tue Apr 02, 2013 9:15 am

Will Miyagi's p-bar to 94.46 on IWM be in play soon? I see it gapping up to 93.76 in pre-market.

L_T · Post by **L_T** » Tue Apr 02, 2013 9:19 am

TNA split.

TradingJackal · Post by **TradingJackal** » Tue Apr 02, 2013 9:34 am

GLD opened at 161.8 extension of A. Should see upside. Bought some calls.

TraderGirl · Post by **TraderGirl** » Tue Apr 02, 2013 9:40 am

I guess this is possible (v) of v of (5) of 5 of C.....

TradingJackal · Post by **TradingJackal** » Tue Apr 02, 2013 9:42 am

On a daily, buying calls on GLD looks like crapshoot but if you are bullish GLD, this is a good place as any.

ClarkW · Post by **ClarkW** » Tue Apr 02, 2013 9:45 am

Dollar down, gold & silver down?

TraderGirl · Post by **TraderGirl** » Tue Apr 02, 2013 9:47 am

Maybe SPX and SPY don't get a higher high.....Dow could be done here??

gappy · Post by **gappy** » Tue Apr 02, 2013 9:50 am

TradingJackal wrote:On a daily, buying calls on GLD looks like crapshoot but if you are bullish GLD, this is a good place as any.

Don't think the mother of all PM's beatdown is over yet.

TradingJackal · Post by **TradingJackal** » Tue Apr 02, 2013 9:52 am

gappy wrote:
TradingJackal wrote:On a daily, buying calls on GLD looks like crapshoot but if you are bullish GLD, this is a good place as any.
Don't think the mother of all PM's beatdown is over yet.

Double up at the 200 extension at 152.teens

Out of Bounds · Post by **Out of Bounds** » Tue Apr 02, 2013 9:55 am

Long 156.84 after the small breakout - could be a small run or failed breakout - very risky

Mr. BachNut · Post by **Mr. BachNut** » Tue Apr 02, 2013 9:57 am

Long.
Covered hedge yesterday.

My composite trend signal is up.
My summation index signal is down for the R2K and neutral for everything else.

Hedging on a high close and covering in the next downdraft worked again.
I am inclined to keep doing what is working until it stops.
It may be a tough call wednesday night/thursday though; I think the BoJ meeting may be a mover.

I should be short some R2K given my summation signal but this bull market has been good at running over my bear signals.
Given the IWM P-Bars yesterday (thanks Miyagi

), it seemed best to wait. I may still play it today if I like the price.

TradingJackal · Post by **TradingJackal** » Tue Apr 02, 2013 9:57 am

YM touched the 127.2 extension. May take a breather as a divergence is developing too.

Post by **Cobra** » Tue Apr 02, 2013 9:59 am

members only update at 9:58 am
http://www.cobrasmarketview.com/2013/04 ... ay-update/

kenttown · Post by **kenttown** » Tue Apr 02, 2013 9:59 am

L_T wrote:Will Miyagi's p-bar to 94.46 on IWM be in play soon? I see it gapping up to 93.76 in pre-market.

April fool pbars don't count

Out of Bounds · Post by **Out of Bounds** » Tue Apr 02, 2013 10:03 am

sold long

Out of Bounds · Post by **Out of Bounds** » Tue Apr 02, 2013 10:06 am

Out of Bounds wrote:sold long

Guys, i'm out for the day. I was travelling all weekend and I guess I caught a bug somewhere.

I need quick access to the bathroom (I'm throwing up) and just can't sit here with a hair trigger.

Have a good one....

TradingJackal · Post by **TradingJackal** » Tue Apr 02, 2013 10:09 am

14595 on YM for a short!

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