04/02/2012 Live Update

[Cobra]

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Flat open, any gap will be filled.

Not good looking ES Global chart because the overnight rebound failed, the pullback overlaps with the previous up leg, so now it's clear that what we had is (was) just a rebound, it's not something would bring us to all time new high. I'm not sure if there's one more push up here or the rebound high was already in though, need wait and see.

[noob]

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Flat open, any gap will be filled.

Not good looking ES Global chart because the overnight rebound failed, the pullback overlaps with the previous up leg, so now it's clear that what we had is (was) just a rebound, it's not something would bring us to all time new high. I'm not sure if there's one more push up here or the rebound high was already in though, need wait and see.

Morning Cobra, there's a potential double bottom on the 5mins chart and IHS on the 1HR chart for the ES, but yes it has been damaged. Do you see a possibility of those patterns play out? Thanks.

[stucap]

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Flat open, any gap will be filled.

Not good looking ES Global chart because the overnight rebound failed, the pullback overlaps with the previous up leg, so now it's clear that what we had is (was) just a rebound, it's not something would bring us to all time new high. I'm not sure if there's one more push up here or the rebound high was already in though, need wait and see.

Morning Cobra, there's a potential double bottom on the 5mins chart and IHS on the 1HR chart for the ES, but yes it has been damaged. Do you see a possibility of those patterns play out? Thanks.

I think the bulls will benefit from any consolidation. Bears need to take out the overnight lows to have any chance.

[Cobra]

If you're StockCharts member, please do me a little favor by "vote" and the most importantly "follow" my public chart list here: http://stockcharts.com/public/1684859/tenpp. You need "follow" only once but vote can be done every 24 hours, so whenever you have time, please vote for me, thanks!

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Flat open, any gap will be filled.

Not good looking ES Global chart because the overnight rebound failed, the pullback overlaps with the previous up leg, so now it's clear that what we had is (was) just a rebound, it's not something would bring us to all time new high. I'm not sure if there's one more push up here or the rebound high was already in though, need wait and see.

Morning Cobra, there's a potential double bottom on the 5mins chart and IHS on the 1HR chart for the ES, but yes it has been damaged. Do you see a possibility of those patterns play out? Thanks.

5 min chart double bottom only means short-term rebound.

I don't see H&S bottom on 60 min chart because it has to have a previous downtrend before the pattern is possible. I don't see downtrend prior to the pattern.

[gappy]

LME Daily copper via Jones Co.: 8479/cash 8465/3 months 8460/15 months 8395/27 months These are the low ranges.

[Cobra]

the open.

[tomsky]

Such a strong down move at open in the past was short lived. Will be different this time?

[noob]

If you're StockCharts member, please do me a little favor by "vote" and the most importantly "follow" my public chart list here: http://stockcharts.com/public/1684859/tenpp. You need "follow" only once but vote can be done every 24 hours, so whenever you have time, please vote for me, thanks!

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Flat open, any gap will be filled.

Not good looking ES Global chart because the overnight rebound failed, the pullback overlaps with the previous up leg, so now it's clear that what we had is (was) just a rebound, it's not something would bring us to all time new high. I'm not sure if there's one more push up here or the rebound high was already in though, need wait and see.

Morning Cobra, there's a potential double bottom on the 5mins chart and IHS on the 1HR chart for the ES, but yes it has been damaged. Do you see a possibility of those patterns play out? Thanks.

5 min chart double bottom only means short-term rebound.

I don't see H&S bottom on 60 min chart because it has to have a previous downtrend before the pattern is possible. I don't see downtrend prior to the pattern.

Thanks, market doesn't feel weak, aapl trying to save the day again.

[champix]

GM all,
CL continues its way down !
I will try to long @ 101.90 (pivot + channels + fork)... but please do not follow this kind of trading as it is pure conter-trend...
Good luck to all

[stucap]

OK BOTS --- you filled the frickin gap with non stop buying pressure for the past 15 minutes. Mission accomplished.

[Cobra]

AAPL comes to rescure.

[Petsamo]

Construction spending is worse than expected. http://mam.econoday.com/

[stucap]

Looks like we like ISM.

[Cobra]

aapl update, no comments.

[Richarab]

ok. Natural Gas NOW! the low MUST be in FINALLY!

[Valance]

ok. Natural Gas NOW! the low MUST be in FINALLY!

May I ask which stocks you are looking at or considering?

-Valance

[Cobra]

I'm not sure if I could read it as an Ascending Triangle. Tinted area it the target in this case.

[johnnywa]

Cobra your head n shouders coming into play? 1415 right shoulder

[Cobra]

ES goes as planed, could be just to test the overnight high before rollover.

[victorm]

ok. Natural Gas NOW! the low MUST be in FINALLY!

maybe this cool you down... http://www.theglobeandmail.com/report-o ... le2388590/