04/12/2013 Live Update

[Unique]

If Daily SPY closes as DOJI..then Monday seems like bear's last chance since doji is a cautious sign for momentum waning which needs a confirmation by the next candle it follows.

[TraderGirl]

i remember in January 2011 the market was expecting a correction, the technicals were declining, but nothing happened...the market just went higher...then the Japan earthquake happened in February and we got a correction...

Wonder if something similar happens here...?? We get some sort of event that sets off a chain...?? Just hypothecating...

[nasta]

Trendline and EMA 20 holding

[Cobra]

well, guess that's it for today. Need dig a little before calling the next Monday. thank you guys, I'll see you TONIGHT.

before the close, please take a little time to vote for me, thanks. https://stockcharts.com/public/1684859/tenpp

[johnnywa]

943.png

Need to hit your 156.25 1st i think it was

[stlwater]

http://money.usnews.com/money/personal- ... footprints

[Xian]

i remember in January 2011 the market was expecting a correction, the technicals were declining, but nothing happened...the market just went higher...then the Japan earthquake happened in February and we got a correction...

Wonder if something similar happens here...?? We get some sort of event that sets off a chain...?? Just hypothecating...

Is North Korea the earthquake? .... or just a little tremor?

Have a good weekend TG

[gappy]

If Daily SPY closes as DOJI..then Monday seems like bear's last chance since doji is a cautious sign for momentum waning which needs a confirmation by the next candle it follows.

Yep, except the Ponzi pump is getting old. New highs, another ten percent? Easy enough for the printer's, harder to justify for the out of workers. Just cause new money may come (doubtful) doesn't mean it's stupid money. Holding short to see what the weekend brings. Have a good one all.

[TraderGirl]

i remember in January 2011 the market was expecting a correction, the technicals were declining, but nothing happened...the market just went higher...then the Japan earthquake happened in February and we got a correction...

Wonder if something similar happens here...?? We get some sort of event that sets off a chain...?? Just hypothecating...

Is North Korea the earthquake? .... or just a little tremor?

Have a good weekend TG

Thanks you too!

[uempel]

Check this 60 min, points to next Friday, weekly points to week of the 22nd... Have a great weekend

i remember in January 2011 the market was expecting a correction, the technicals were declining, but nothing happened...the market just went higher...then the Japan earthquake happened in February and we got a correction...

Wonder if something similar happens here...?? We get some sort of event that sets off a chain...?? Just hypothecating...

[TWT]

$YG_F (Gold): It can be the wave (Y) from 2011 top

[Nrsimha]

i remember in January 2011 the market was expecting a correction, the technicals were declining, but nothing happened...the market just went higher...then the Japan earthquake happened in February and we got a correction...

Wonder if something similar happens here...?? We get some sort of event that sets off a chain...?? Just hypothecating...

"Sell in May and GO AWAY" is going to happen soon.

[Unique]

If Daily SPY closes as DOJI..then Monday seems like bear's last chance since doji is a cautious sign for momentum waning which needs a confirmation by the next candle it follows.

Yep, except the Ponzi pump is getting old. New highs, another ten percent? Easy enough for the printer's, harder to justify for the out of workers. Just cause new money may come (doubtful) doesn't mean it's stupid money. Holding short to see what the weekend brings. Have a good one all.

Just money chasing higher in defensive sectors and POMO keeps pumping.. When we get a monthly lower low reversal candle like in 2000 and 2007, then we can swing short and wait one year or two maybe, apocalypse!!!

[TradingJackal]

GLD stopped at the support from May-July 2011. 3 Retrace targets - 140, 127 and 113. Don't believe it will fall so low (but anything can happen). Will look at 140 for a rebound off the 61.8 fib. The weekly stochastic is putting in a negative divergence.

[daytradingES]

Those bears still alive are long since neutered. Nothing can stop 1700 1800 1900 2000 bubble for sure. Onwards to cloud cuckoo ponzi moonshot land..

100% agreed that is market is cu-koo.
However the high of Thursday could be important as H1593 is very close to the all-time ES high of 1589.75 in 2007.
This is the potential for a double top.
It would be in place if we get a weekly close below 1522 ES.
http://screencast.com/t/5MtEq2jMpI