04/30/2013 Live Update

[BullBear52x]

[stlwater]

!!!!! POWER HOUR !!!!!

Hopefully it's bear power

[ClarkW]

two hours to month close and 20 points to burn to close at the line - tall order for da bears

What are your thoughts on chart below, essessme?

[Cobra]

I won't say it's a failed double bottom, just it didn't reach the text book target. now this pullback is too large, so here's a possible 100% MM target. bears need do for more than that to be bearish. just meet the target is not enough.

[stlwater]

two hours to month close and 20 points to burn to close at the line - tall order for da bears

What are your thoughts on chart below, essessme?

I mean no disrespect, especially since you're my only fan, but you only just noticed that?

[BullBear52x]

I am done posting today before I jinx it. what chart pattern is this, a double whammy?

[Nrsimha]

I won't say it's a failed double bottom, just it didn't reach the text book target. now this pullback is too large, so here's a possible 100% MM target. bears need do for more than that to be bearish. just meet the target is not enough.

Front-running "sell-in-May" ??

[stlwater]

I am done posting today before I jinx it. what chart pattern is this, a double whammy?

It's the fire up the BBQ pattern isn't it?

[Nrsimha]

I am done posting today before I jinx it. what chart pattern is this, a double whammy?

"The Bernanke Fractal."




It is what the market looks like when the Fed reserve is the "stock-buyer of last resort."

[ClarkW]

two hours to month close and 20 points to burn to close at the line - tall order for da bears

What are your thoughts on chart below, essessme?

I mean no disrespect, especially since you're my only fan, but you only just noticed that?

Ha, no disrespect at all. I thought it was obvious....just trying to politely argue that a close at current levels isn't the end for bears or anything. Great thing about Cobra's forum, we can respond to other charts without being rude or it taken the wrong way. I took from his comments a close here is very bad for bears....just pointing out...in my opinion...based on that chart I disagree. That's all.

And don't kid yourself stlwater, you are amassing a nice fan club...I'm just your biggest cheerleader

[MrMiyagi]

Bulls are relentless.

[stlwater]

two hours to month close and 20 points to burn to close at the line - tall order for da bears

What are your thoughts on chart below, essessme?

I mean no disrespect, especially since you're my only fan, but you only just noticed that?

Ha, no disrespect at all. I thought it was obvious....just trying to politely argue that a close at current levels isn't the end for bears or anything. Great thing about Cobra's forum, we can respond to other charts without being rude or it taken the wrong way. I took from his comments a close here is very bad for bears....just pointing out...in my opinion...based on that chart I disagree. That's all.

And don't kid yourself stlwater, you are amassing a nice fan club...I'm just your biggest cheerleader

Listen to Cobra, not me. I'm just trying to make a buck on a sketchy trade and front-running and going against the trend (with reason) but which is never wise.

[fehro]

careful of a lower break of the green channel

[fehro]

60m perspective

[ALdaytrade]

Trader Girl, Trader Girl, Trader Girl...

Negative energy still the call for tomorrow???

[Unique]

Be very alert of the monthly SPY and AAPL candles guys....I'm telling you in advance

What's your read on $SPX? Hanging Man?

Yes hanging man for SPX, it could be a sign of final exhaustion. Obviously, we need to wait for the next month's candle to confirm. Long term trend baby

[Cobra]

double bottom or bear flag. wait. I'm neutral. no easy guess here.

[ClarkW]

Be very alert of the monthly SPY and AAPL candles guys....I'm telling you in advance

What's your read on $SPX? Hanging Man?

Yes hanging man for SPX, it could be a sign of final exhaustion. Obviously, we need to wait for the next month's candle to confirm. Long term trend baby

FWIW, Bulkowski shows Hanging Man as not a sign of exhaustion or a top. http://thepatternsite.com/HangingMan.html

[flrtrader]

I am done posting today before I jinx it. what chart pattern is this, a double whammy?

Inverted H&S Targeting higher?
\
Answer Pleeeeeze

[essessme]

two hours to month close and 20 points to burn to close at the line - tall order for da bears

What are your thoughts on chart below, essessme?

I mean no disrespect, especially since you're my only fan, but you only just noticed that?

Ha, no disrespect at all. I thought it was obvious....just trying to politely argue that a close at current levels isn't the end for bears or anything. Great thing about Cobra's forum, we can respond to other charts without being rude or it taken the wrong way. I took from his comments a close here is very bad for bears....just pointing out...in my opinion...based on that chart I disagree. That's all.

And don't kid yourself stlwater, you are amassing a nice fan club...I'm just your biggest cheerleader

Clark - yes over the medium term I will be on the lookout for a rapid rise to 1750ish after a sell in May pullback - April marks the six month of consecutive higher closes for the spx the second longest streak since the bottom behind only the seven month launch out of the bottom.