04/12/2012 Live Update

[Cobra]

not a typical pullback to EMA20, but now I see volume surge, wait for the next few bars.

[Cobra]

finally touched ema20, usually H2 is long so wait for h2.

Cobra: I know you dont like me asking this question, but how do you define H2

Go to Getting Started and see there. I haven't seen H2 yet.

[BullBear52x]

Fibo combo

[SWalsh]

Good teaching on the B wave Walsh

On any given chart it's the most often one I see which is often changed later to a wave 2 or an X. More often an X wave which means another corrective set of three waves are coming. EW is enigmatic, but now it has plainly been gamed by the PTB. One should not try to learn it without first reading Prechter (who has been wrong for 350+ SPX points with his major time-frame call) who wrote the clearest book on it. I'm not saying it's going to make sense now as much as it used to, but having the theory down and trying to adhere to rules is the best way to prevent bias. I wanted to get long this morning if it held, but blinked and the machines took it away.

[BullBear52x]

My last post, will you buy or sell JPM here? me thinks sell

[uempel]

Got out with 2 handles... Al's chart did not indicate a major move to the downside...

[TWT]

NDX; Follow up of the short term EWP

[Cobra]

H2 long, let's see. I'm not sure, don't follow. I don't do this kind of small setup, I only do one day trade per day, so my way is kind of day swing, not scalp, OK.

[Cobra]

by the way, my today's trade is already done. the target is hit at the day high and I've already half out with the reset sit above a breakeven stop loss. so I'm pretty much done today.

[uempel]

My last post, will you buy or sell JPM here? me thinks sell

Your think is good

[Harapa]

SPY move from low is of same size as previous two. Let's see if the future is different this time!

[TraderGirl]

Interesting reading from Marcus Rose on Google's earnings tomorrow from an astro point of view... I guess we will see what happens later today. From his point of view, it is not looking good for Google...

GOOGLE REPORTS EARNINGS ON APRIL 12, 2012
Today Google will report Earnings at 4h30 pm EST after the market's close.
Will it disappoint or even exceed expectations ?
This depends on how people will look at it. And the answer to that is written in the stars.
Google was officially filed for incorporation on Friday...September 4, 1998...but incorporation became likely effective on Monday, September 7, 1998.
Google started first trading on Thursday August 19, 2004.
Now the key for a financial astrologer is to find the key factors in the Natal chart(s) and then see whether the Natal chart(s) is better affected by the current stars in the skies on April 12, 2012 (the day before the earnings)...or on April 13, 2012 (the day after the earnings).
For April 12, 2012 and April 13, 2012 my analysis says that the stars are much better on April 12, 2012 for Google as they are on April 13, 2012. This means that today's earnings are likely to disappoint market participants in a major way...and market players are likely to sell Google...so that the stock will gap down on the opening of April 13, 2012.
Please note that the earnings from Google itself, must not be bad at all. What the natal charts are measuring is just how people PERCEIVE the earnings to be. And this does not look very well for April 13, 2012...that means the astrology clearly suggests to us that the stock price is going down...and that Google is going to disappoint, no matter how good or bad its earnings really are.

[Valance]

H2 long, let's see. I'm not sure, don't follow. I don't do this kind of small setup, I only do one day trade per day, so my way is kind of day swing, not scalp, OK.

Cobra,
What do you trade? Is it what is listed on your implies system? Do you usually trade like the SPY/markets or do you do individual stocks?

[Cobra]

it's a successful H2. if you don't understand the whole process, then forget about it, this kind of scalp requires to follow the rule strictly.

[Cobra]

H2 long, let's see. I'm not sure, don't follow. I don't do this kind of small setup, I only do one day trade per day, so my way is kind of day swing, not scalp, OK.

Cobra,
What do you trade? Is it what is listed on your implies system? Do you usually trade like the SPY/markets or do you do individual stocks?

ES

[Cobra]

more down seems likely on AAPL.

[TraderGirl]

SPX...mini H&S?? Bear Flag??

[tradematti]

hi cobra

you said if up huge to day , more upside coming , but we already hit your target , so what now ?

[TWT]

EURUSD: Follow up of the short term EWP

[Tabby]

Cobra,
I just remembered one of your old old old, very old but top notch analysis from Cobra's old blog.
http://www.cobrasmarketview.com/wp-cont ... Stocks.png

Cobra, there is an scary P bar on IBM today. Their earning report is on next tuesday. Do we need to be worried about market's direction? or AAPL is the new IBM?
TIA