04/13/2012 Live Update

[KeiZai]

[SB73]

Cobra is this reversal of a reversal of a reversal?

[TraderGirl]

For astro followers: oppositions are negative, especially when you have a malefic planet involved. Saturn is a malefic planet. There is a Sun/Saturn opposition over the weekend, so this could paint a negative picture over the weekend... don't know where we will open up on Monday, but it could be negative...FWIW...

[KeiZai]

AUDUSD failed breakout or channel backtest
(closely related with commodity prices)

[Harapa]

A bullish Gartley in making on ES 30/60 minute charts. Target for low 1366.95.

[tomsky]

AUDJPY and EURUSD have formed big H&S patterns, AUDJPY already broke the neckline while EUR is still hovering above but looks like it wants to test it. If yhis plays out the targets are well below which implies also down for US indexes.

[soku]

For astro followers: oppositions are negative, especially when you have a malefic planet involved. Saturn is a malefic planet. There is a Sun/Saturn opposition over the weekend, so this could paint a negative picture over the weekend... don't know where we will open up on Monday, but it could be negative...FWIW...

long live the stars. long lived the malefics. i am thinking of buying a starlight meter (what's the name)? so i can read the tape in day and talk to the star in the nights.

[SB73]

Squeeze on GDX...maybe gold has put in a short term bottom

[TraderGirl]

Ha Ha!! Remember yesterday when I posted that astro info about Google and how they may gap down today....

[btran874]

"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"

Although, I would not hesitate to root for that route but you and I both know the chance that's gonna play out is gonna be less than 30%.

If bears are extremely lucky, they would be rewarded with wave 2 stopping at 61.8%, otherwise is gonna be the usual 76.4% or even more than 78.6%.

[victorm]

Looks like Euro forming intermediate bottom on 5min

[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

so far in our accuracy race, uempel is leading. es low was 1368.25. i think the down leg is ending soon. at least we all get the ball park correct. i am still holding and hoping for the last push down. maybe i shd not.

[Cobra]

normally, this kind of pullback should mean 2 legged down, so not over yet.

[BullBear52x]

JPM GOOG and AAPL said a lot today.

[tomsky]

JPM GOOG and AAPL said a lot today.

Meaning? I don't have charts. More down?

[Cobra]

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.

No answer for now, need wait and see.

[Cobra]

aapl huge volume could be an exhaustion here, let's see how current bar closes first.

[BullBear52x]

JPM GOOG and AAPL said a lot today.

Meaning? I don't have charts. More down?

I got most back on the sell. AAPL see support at 600, if I will post more charts today, it will be too bearish for some of us to handle

[TraderGirl]

continuation pattern...

[rpccharts]

aapl huge volume could be an exhaustion here, let's see how current bar closes first.

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