04/13/2012 Live Update

[Cobra]

Cobra,
Can you share your view on GOOG? Thx

be careful if close sharp down here. the intermediate-term top was in.

[KeiZai]

As long as yesterdays high holds bears are fine

[TWT]

SPX: Follow up of the short term EWP

[gvg]

Cobra,
Can you share your view on GOOG? Thx

be careful if close sharp down here. the intermediate-term top was in.

Thanks

[uempel]

target $137.26, 60% chances.

Yeah, I've got the same target:

[Al_Dente]

$TRIN regular, NOT inverted
http://stockcharts.com/h-sc/ui?s=$TRIN& ... listNum=15

[soku]

my current reading is dbl bottom at 1376 broken down, retest failed. down down down

[victorm]

GM al, it’s interesting to watch how Eur/Us on Forex correlated with spx move, Forex actually shows the next move on spx ahead a little bit.

[soku]

target $137.26, 60% chances.

Yeah, I've got the same target:

51.png

now we have couple version of target in spx/spy/es which is pretty much the same thing. let's reconcile.
uempel version: today's fair value of es is about spx-4.5. so 1373-4.5=1368.5
cobra version: spy is about the same as spx but slightly higher, so roughly 1370-1372
my es version is 1367.25.

long live the bears

[uempel]

Check the grey channel:

[Cobra]

aapl update. bears are serious than I thought: http://stockcharts.com/public/1684859/c ... /260183775;

[tomsky]

This doesn't seem to be a range day. We may have had a top of wave 4 or 1 up and now we may be heading south to retest the low. Closed the longs and reentered short.
Edit: the only thing that could help bulls are EURUSD and AUDJPY near support.

[SWalsh]

"IF" this is right, and a lot of things are lined up saying that was wave 2 up yesterday, the downside is unlimited with regard to recent moves as a 3 knows no stopping point as all scream "GET ME OUT"..."IF"

[TWT]

NDX: Follow up of the short term EWP

("Thanks to God" NDX is Bear friendly )

[knock]

still chance to test the es high? shall we see a rebounce from here after touching the bottom?

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Small gap down within yesterday's range so the gap might be filled.

The Global ES may miss one more push up to test the overnight high at least. Purely feelings, so not sure.

You may see a H&S Bottom, we're on the right shoulder, well, too early to say, we need see how rebound goes first.

[wayne0708]

Can someone call exhaution bar soon please!
I guess not as sell of is orderly and volume seems normal

[TraderGirl]

the market gapped down today as I had mentioned...
has fallen through bottom of channel....

[uempel]

Great chart Al, tks!

[Mr. BachNut]

Still long. Stop in place would generate small loss if hit. Looking for trade above yesterday's close sometime next week.
Anticipating some support around Wednesday's high, just a guess.
Will short if things go below Wednesday's low as it signals downtrend resumed.
Will watch today's closing action for a sense of things.

[Al_Dente]

Great chart Al, tks!

thx uemp
but we know u r biased, becuz u like blondes