04/10/2012 Live Update

[SWalsh]

speaking of good books... you ever read Whispers: The Voices of Paranoia by Ronald K. Siegel?
mesmerizing....

I'll look it up....thanks.

[Cobra]

normal pattern would go like this.

[jarbo456]

Anyone long SVU or positioned for straddle/strangle before earnings? You are sitting pretty now either way.

i'm long but still about a buck below my CB. Nice pop though. hope it can hold!

KEEPS LOSING SUPPORT.....WHERE ARE ALL THE FOOLS WHO ARE BUYING APPL? CAN'T THEY BUY SVU FOR A DAY???

haha...yeah...i would've liked a bit more strength today.

i was really hoping the daily RSI could attain and retain a level above 50. everything below 50 is a sell the rip kind of signal.

[ken_d17]

we just filled the 3/13 gap (????)

Fill and reverse to the green day ? I think that might be the plan.

[Me XMan]

Is ECRI sill calling for recession?

[stucap]

we just filled the 3/13 gap (????)

Fill and reverse to the green day ? I think that might be the plan.

I don't think we filled that gap Al --- I see it at 1371.92 SPX.

[Al_Dente]

we just filled the 3/13 gap (????)

Fill and reverse to the green day ? I think that might be the plan.

Hmmmm on stockcharts.com the gap is still open support [edit: thanks stu]

[Cobra]

remember, before trend line broken and the low gets revisited, it's not long.

[KeiZai]

Bounce or break?

[ken_d17]

remember, before trend line broken and the low gets revisited, it's not long.

revisit low

double bottom ?

move to green ?


Cobra, is that the plan?

[Cobra]

volume surge, biggest bar, I think we'll see rebound here.

[KENA]

Longer term chart by Stocktiming.Note that chart is topping and downside pressure is building..Liquidity is atill hi but dropping..Note when the red and blue lines cross at the top the new trend will be dn.This is a monthly chart so it is slow moving and is updated every monday.

[TWT]

SPX: Follow up of the short term EWP

[Cobra]

remember, before trend line broken and the low gets revisited, it's not long.

revisit low

double bottom ?

move to green ?


Cobra, is that the plan?

it's already fulfilled. this is day trading, got to switch fast. Now I have a new plan already.

[Al_Dente]

1 min internals

[Cobra]

a few bars earlier, but maintain the plan. however you must remember what I said before, before the trend line broken and the low gets revisited, it's not long.

[TraderGirl]

SPX fell thru support at 1375, backtested, now support closer to 1360....

[L_T]

a few bars earlier, but maintain the plan. however you must remember what I said before, before the trend line broken and the low gets revisited, it's not long.

Do you mean you are a few bars early in your call? Also are you saying it's there isn't much time until the trend line will be revisited then broken?

[Petsamo]

IWM previous low is just above 78
http://www.marketwatch.com/investing/fu ... rowdates=0

[KeiZai]

At 50 DMA, time for hedge funds