04/09/2013 Live Update

[BullBear52x]

SnP H&S is too obvious

[gasprice]

Got Gold?

[KENA]

My new computer has windows 8.From my E mails I could save a chart/pic by right click and get save pic as..Now I don't get save pic as..Any know how to save or transfer info from E mail to your files..I don't care for wind 8 but I will have to put up with ii..Thanks in advance.

[Cobra]

looks like I underestimated bulls. now testing the morning high, key time. wait.

[TraderGirl]

We could have seen the highs today, or we get one more higher wave up for 5 of C...

This move up was to develop some negative divergences, which we did not have on the 5 minute..Possible we see some sort of turn around 9am PST (12pm EST)....

[Unique]

Silver Cup and Handle target reached. Now, it's time for a show of Greed vs Fear in silver squeeze

[BullBear52x]

We could have seen the highs today, or we get one more higher wave up for 5 of C...

This move up was to develop some negative divergences, which we did not have on the 5 minute..Possible we see some sort of turn around 9am PST (12pm EST)....

if we turn now what will it be? C or 3?

[TraderGirl]

We could have seen the highs today, or we get one more higher wave up for 5 of C...

This move up was to develop some negative divergences, which we did not have on the 5 minute..Possible we see some sort of turn around 9am PST (12pm EST)....

if we turn now what will it be? C or 3?

Yes, it would look more like this...

[Cobra]

members only update at 10:41 am
http://www.cobrasmarketview.com/2013/04 ... ay-update/

[BullBear52x]

We could have seen the highs today, or we get one more higher wave up for 5 of C...

This move up was to develop some negative divergences, which we did not have on the 5 minute..Possible we see some sort of turn around 9am PST (12pm EST)....

if we turn now what will it be? C or 3?

Yes, it would look more like this...

Thanks,all I know is c or 3 ride I don't want to miss.

[Cobra]

I have no direction. wait for the range breakout/breakdown first.

[TraderGirl]

SPY H&S ?

[BigChief]

h&s! Market go down!!! Never!!!!

[BullBear52x]

TNA, last nail

[fehro]

Messy Spx 5m.. but another triangle? break up or down?

[BullBear52x]

JPM big job cut, will it save FAS?

[Denali92]

Remember the pattern you talked about a few weeks ago where the morning dip always got bought?

Since the 27th, the pattern has been different - I do not have it precisely, but pretty much every day, the high or low has been between 9:30 and 10am and then we have trended all day and made a final extreme in one direction or another between 3 and 4pm:

27th - Low open, high close
28th - Low open, High close
1st, high open, low close
2nd high open, low close
3rd, high open low close,
4th, low open, high close
5th low open, high close
8th: low at 10am, highs in the after hours...

As for today, well we opened high but also have that near 10am low to contend with - so a break is needed of that before the potential high to low pattern could play out.... as yesterday we made that low near 10am and then RALLIED!

I am using the midcaps as a reference, as that is what I trade, so it may be slightly different for SPY.

-D

my guess is the morning pullback would be bought sometimes later. a boring day would be today. just a guess, no evidence.

[BullBear52x]

If bears can not take this market down below 1555/es I'll say bulls will charge hard tomorrow, now or never.

[BigChief]

pdar yesterday at 155.25 SPY, are we going there today?

[Cobra]

100% MM target on the downside. I don't read the chart as bearish yet.