04/12/2013 Live Update

[Cobra]

Cobra, do Fridays usually end strong or weak?

strong very strong before the close! nowadays of course.

[Cobra]

Cobra - one way to look at this though maybe is "three push up" on the 5 min chart?

yes, you've got it.

[Cobra]

Cobra, C&H on 5 min? If it breaks here target would be 1588 for ES?

No, in today's case, I won't read it as C&H as the previous rebound is not strong. as for what pattern, it depends, no absolutely right answer, so you might be right.

[Out of Bounds]

I'll stick to the original point. Gold is down 20%. That didn't happen today or Friday. It ain't Cyprus.

[MrMiyagi]

[frankthetank]

Yup. I agree. I think this is a commodity issue that the gov't and central bankers are looking to kill the commodity bull. THis way they can have suppressed prices for commodites for many years so that they can keep corporate profits higher. In my oppinion this was part of reducing the limits at COMEX and the big bankruptz of MF global to kill the commodity trade. Add in the fact that all commodities have so much paper trading that isn't backed up by physical commodity that they can easily manipulate the commodities now. This has led to the continueing shorting of commodities so that the central banks can print endless amount of liquidity and money to hide the bond bubble from bursting.
US equities up and US dollar up can only last for so long. But untill then buy the dips or whatever you call these half percent consolidations.

[Unique]

Buy the mother f'ing dips

Mini squeeze to shake some weak kids?

[Jack12]

SPX Updated http://jaxdax.blogspot.com/ min requirement is set prefer 1576. The bears need to do more

[Unique]

Buy the mother f'ing dips

Mini squeeze to shake some weak kids?

Ascending triangle breakout, BTFD all day baby everyday now

[traderwantabee]

Cobra - one way to look at this though maybe is "three push up" on the 5 min chart?

yes, you've got it.

You said "Bulls must do more" .... you ask me they just did it!

[joeynickels]

gld.png

I like the new p-bar snatcher avatar

[Cobra]

my guess is bears are over for today, so now a higher low would be the best can hope.

[MrMiyagi]

I like the new p-bar snatcher avatar

Used to be the original one, I like the colors on it

[uempel]

Some guys in this forum are very opinonated in regard to Fed policy, gold, US-economy, Cyprus... Great to have an opinion, but if would be even better if these guys had done a bit more reasearch on the issues they are talking about. Superficial knowledge and ignorance doesn't help us much in life, and it certainly doesn't help us when playing the markets

[stlwater]

An appropriate time for this

http://www.youtube.com/watch?v=auVyi9lV ... e=youtu.be

[Unique]

Cobra, C&H on 5 min? If it breaks here target would be 1588 for ES?

No, in today's case, I won't read it as C&H as the previous rebound is not strong. as for what pattern, it depends, no absolutely right answer, so you might be right.

The entire day of SPY looks like a C&H now....be hilarious/ridiculous if we fill gap. Bears officially gone

[MrMiyagi]

my guess is bears are over for today, so now a higher low would be the best can hope.

How good are the odds for the down before up in that diagram Cobra?

[Unique]

Game over SPY retraced 78.6% of today's intraday down move, usually when it retraces 78.6% it means it would do 100% after a stall at 78.6%. (Should not break under 50% intraday again in order to go up up up)

[Cobra]

volume surge, biggest bar, so might see pullback here first, which would likely be bought later. lunch time, will be back.

[toddymc]

Looks like an H & S neckline backtest...rapidly approaching 1585 area ES
Time to get short?