04/09/2012 Live Update

[Petsamo]

Another P bar on SPY at 139.86 again..something may be up.. Lets see.

What are you using that you're seeing P bars?

[TraderGirl]

Still looking for 5th wave down...???

[KENA]

Another P bar on SPY at 139.86 again..something may be up.. Lets see.

What are you using that you're seeing P bars?

TD Ameritrade

[KENA]

Taking profit on my SPY short..now bears watch it go dn.

[Petsamo]

Another P bar on SPY at 139.86 again..something may be up.. Lets see.

What are you using that you're seeing P bars?

TD Ameritrade

When ScottradeELITE puts out a P bar, it typically shows up on marketwatch.com

[TraderGirl]

Another P bar on SPY at 139.86 again..something may be up.. Lets see.

What are you using that you're seeing P bars?

TD Ameritrade

I'm on TD and I don't see....

[tgs1]

Another P bar on SPY at 139.86 again..something may be up.. Lets see.

What are you using that you're seeing P bars?

TD Ameritrade

I'm on TD and I don't see....

Same here

[57chevy]

The boys woke up in The War Room:

Would you say they're working hard or hardly working?

[KENA]

Another P bar on SPY at 139.86 again..something may be up.. Lets see.

What are you using that you're seeing P bars?

TD Ameritrade

I'm on TD and I don't see....

5 min spy..Trade Arch. Now the 5 day chart..

[taggard]

PAGING AL--

re stockcharts data--try pulling up IBM and say QQQ from 15-20 years back on 2 data sources (one stockcharts). For longer term stuff i don't care much for stockcharts--for everything else they are great--and a wonderful deal for people learning how to trade due to the low price. i actually got into it years back on this dividend stuff--i just don't see the point given the site is technical and chart based. their point at the time was it was too expensive to have 2 data feeds (and i gather the info from their primary vendor was the stuff i didn't care for).

i think cobra has noted problems with put call data also--again for weeks (years back) i was emailing them on this but again it's a vendor thing. i totally believe that--as i have used 650 a month charting which was nice but it too had messed up put call data. in the end the main idea is "is put call absurd--or sorta normal?" so really small variations don't count that much (well most of the time)

i think the bottom line is that stockcharts is one of the best priced deals on the planet--and they have a few flaws as a result. i personally would be fine with paying 20 more a month to get better quality in longer term chart layout--but again it's important to keep costs low for people just getting going. Beginners should just be aware of this stuff--i emailed a technical site re IBM prices over 15 years and the main guy on the site was surprised. so he had been posting for years with inaccurate data (at least in the case of ibm).

Finally--you have heard it here before--but all of us trading short term--need to be extra careful to look at longer term data and charts more frequently. There are so many comments about the market being overdone--that you would think we were well over the 2000 highs on spx and qqq. remember inflation does have an impact on value and cpi and gdp figs as a rule are absurdly low. So while the cheer-leading is absurd (as always) prices are not that nuts on spx compared to 2000. one way to think about this is that most bears don't last longer than 15-20 years--we are 12 years in--so we are closer to the end than the beginning. yet the attitude in general now is far more cynical than the 2000 or even the move up after 2003 bottom. some things never change--(so if we fall again likely as not many smaller people will call it quits and miss the next 5-10 years of the bull. those who don't know history are doomed to repeat it--and those that know history are doomed to get dragged though the mud as majority forgets the last lesson. all you can do is make your plays and do the best you can to put out the past action to anyone willing to listen.

hope stuff is going well for you and good luck to all.

[Cobra]

1st EMA20 touch, key time.

[TraderGirl]

Another P bar on SPY at 139.86 again..something may be up.. Lets see.

What are you using that you're seeing P bars?

TD Ameritrade

I'm on TD and I don't see....

5 min spy..Trade Arch. Now the 5 day chart..

I logged onto Trade Arch on the 5 day 5 min chart, still don't see...???

[Cobra]

resistance, another key time. so far bulls are ok.

[Petsamo]

EWG (Germany) is feeling the love

[KENA]

P bars still there..Nuff said..Lets see outcome...PS.. Cobra ,We need a better deleteing method for subjects.Refresh does not always work.

[lcgllc]

c'mon Cobra these little bounces are sooo weak, this dip would have been bought and the gap closed by 10AM if this were the old days...i smell a sea change....thoughts ole boy?

[BullBear52x]

there's more room to the down side, me thinks, this time I will not buy unless RSI 5, CCI 21, and MACD hist. turn all together.

see my line in the sand here.

[fehro]

trendlines.... a little lower? or bouncing off Feb's high support .... below 1375 things could accelerate, break the green trendline from October 2011 lows.

[TWT]

NDX: Follow up of short term EWP

[TraderGirl]

Posted this comment last week re: falling through support on TSI, are we done on SOX??