04/03/2012 Live Update

[OverUnder]

Bullbear, what indicator is that on the top of your SPX chart please?

[Ed02]

I read the charts as the intrady bottom now. Also it seems 3 push down already. At least there should be some one or two legs or rebound soon.

[TraderGirl]

spx??

Tradegirl,did you not have a turndate today? Should we see low today?

There is a turn date of Tuesday or Wednesday....

[Cobra]

looks more likely it will continue down from here.

[KENA]

BB52x...Waiting..out of my swing longs this morn,Just don't have a good feeling today to stay long,In cash waiting to go short. Lets see...I see you are short.

[BullBear52x]

Bullbear, what indicator is that on the top of your SPX chart please?

MACD on 5 min 120-260-90

[BullBear52x]

BB52x...Waiting..out of my swing longs this morn,Just don't have a good feeling today to stay long,In cash waiting to go short. Lets see...I see you are short.

yes, I got sell in all but IWM not yet so far.

[Cobra]

down indeed. now target is very possible.

[TraderGirl]

Who says Elliot waves don't work...

[Me XMan]

Oh yeah....but but but it can't happen riiiiight.

down indeed. now target is very possible.

[BullBear52x]

Note SLV
SLV may/might squeeze if she can better that 32.14 resist hi
Stops might be just above that and may/might be taken out there
And that is a “with trend” trade
And intraday
And kool-aid

I like SLV chart but right now over head resistance is too strong.

[OverUnder]

Interesting, thanks. So that's going back 10x the usual default settings for the moving averages. Are you using that because the period is so short - 5 minutes -- or would you use that for a longer period chart as well.

Bullbear, what indicator is that on the top of your SPX chart please?

MACD on 5 min 120-260-90

[Cobra]

1st target met.

[BullBear52x]

Here is another SLV chart on daily, almost there.

[KENA]

Who says Elliot waves don't work...

I guess they work sometimes..I just don't understand why everyone seems to have different wave info..Not to many are the same but maybe they all get you there.You seem to be a little more consistant. Thanks for your postings.

[BullBear52x]

Interesting, thanks. So that's going back 10x the usual default settings for the moving averages. Are you using that because the period is so short - 5 minutes -- or would you use that for a longer period chart as well.

Bullbear, what indicator is that on the top of your SPX chart please?

MACD on 5 min 120-260-90

that number is good for 5 minutes only. my default setting MACD for 5min only.

[TraderGirl]

That could have been the lod, but with the "5 wave so deep, this is also another possibility....

[OverUnder]

Great, thanks for elaborating.

Interesting, thanks. So that's going back 10x the usual default settings for the moving averages. Are you using that because the period is so short - 5 minutes -- or would you use that for a longer period chart as well.

Bullbear, what indicator is that on the top of your SPX chart please?

MACD on 5 min 120-260-90

that number is good for 5 minutes only. my default setting MACD for 5min only.

[Petsamo]

My long, intermediate, and short term models (as described in weekend forums) remain in buy mode.

So what'd ya buy this mornin?

[stucap]

Amazing how the BTFD'ers just take a day off. Wish I had their copy of the Trader's Almanac. Or do Benny, Timmy, Lloyd, Jamie etc just flip a coin in the morning?