04/12/2012 Live Update

[Al_Dente]

this is rare-ish these days
china has lept ahead of other BRICs and Europe
(short term; percentage performance based)
http://stockcharts.com/h-sc/ui?s=SPY&p= ... =259493946

[Cobra]

Cobra, I could make a living just by buy/selling from your measured move targets.
Kudos to you.

thanks, but really don't count on it.

[soku]

i am getting so bored so i made a bet with my friend. if china cannot deliver a good gdp data tonight, he is going to buy me a visit to rick's.

[Cobra]

by the way, although aapl appears weak here but it's double edged weapon because no failure allowed here for aapl bears, otherwise the pullback is over, aapl will be on another leg up to a new high.

[Al_Dente]

update
divergence between AAPL and equal weighted QQEW

[wayne0708]

Thanks Cobra!!

Congrats for the web and the share of your knowledge to all of us. i am a happy suscriber from Argentina

Thanks. Glad to hear that you're happy subscriber.

me too

[SWalsh]

Signal suggests move at 2 pm

Using a "T" I have the 1-2PM bar hitting.

[KENA]

spx...??

I don't really follow the waves..You have 3 or c so where would 4 or d be on your chart or the next possible wave formation. Thanks for the info.

[Cobra]

Thanks Cobra!!

Congrats for the web and the share of your knowledge to all of us. i am a happy suscriber from Argentina

Thanks. Glad to hear that you're happy subscriber.

me too

Thanks.

[SWalsh]

Wellll are we there yet???? The Econ.news this morn. was not all that great.

You are being kind...it sucked.

This could be wave C of wave 2 and the computers got stops that were there.

It's a government controlled market. It is what it is. I reserve the right to point out its criminal activity that is government sanctioned until they try to jail me for speaking. Vote wisely in November, or you will never see a free mkt again as they destroy this one. I don;t have great hope either way, but I know what we have been seeing this way. Fair is foul and foul is fair.

[KENA]

Wellll are we there yet???? The Econ.news this morn. was not all that great.

You are being kind...it sucked.

This could be wave C of wave 2 and the computers got stops that were there.

It's a government controlled market. It is what it is. I reserve the right to point out its criminal activity that is government sanctioned until they try to jail me for speaking. Vote wisely in November, or you will never see a free mkt again as they destroy this one. I don;t have great hope either way, but I know what we have been seeing this way. Fair is foul and foul is fair.

Your right it sucked..I just soft peddle a little bit.

[soku]

amazing, my 1380 line holds 1 more time.
big picture update. i am using fib for this down leg as guidance. 50-61.8 in 1385-1390 area. if es can successfully take this area, i will think it is just a pull back we may see even higher highs. maybe wave guys have some overlap rules which should give similar area.
i am done for today. see you later.

[TraderGirl]

spx...??

I don't really follow the waves..You have 3 or c so where would 4 or d be on your chart or the next possible wave formation. Thanks for the info.

This looks like wave 5 could be complete, waning momentum...but we could also still be in wave 4 waiting for another high, but we are also near fib retracement area of 1382, next retracement is around 1390. I'm watching VIX and XIV for clues...will post that next..

[KENA]

Lets go bulls or bears..I have 1hr and 15 min left to trade today then I'm going shopping with the wife and have another BIG,BIG fat hamberger,fries and a BIG 24oz of Mac and Jack.

[BullBear52x]

I will call this a last stand for da bear. do or die. any thing above this MA is a screaming buy. my major line in the sand.

[uempel]

Overview:

[TraderGirl]

VIX and XIV are at a crossroads...either XIV pulls back from here, or it breaks out, a break out could indicate higher prices...

[BullBear52x]

Counter trend got every thing to like.

a daily reversal looks good here too.

[Cobra]

still not even a single touch on EMA20, so more up.

[Al_Dente]

currency pairs
(where’s jarbo?)
http://screencast.com/t/SpRNQPUudwV