04/18/2012 Live Update

[Cobra]

not a rebound I like to see for bulls.

[BullBear52x]

all 4 major indexes, intraday now suggest sell-able. my conservative time frame of 5 min. the one minutes kicks on long time ago.

[fehro]

don't like the look of it.. but could be an inv H&S with Target of 1430, for the bullish inclined.... or just a larger triangle forming.... with a downside target of 1330ish depending on which side it breaks.

[TraderGirl]

update...

I like it !!
You're one trader who isn't 'drinking the kool-aid' !!

Sometimes I wonder whether I SHOULD be drinking the kool-aid!!

[Michelle]

thanks. but i'm not the best of the best otherwise I wouldn't try to sell my daily report here. I work very hard that's for sure, so I just kind hope that eventually I might make a little differences sometimes in the future.

You post probabilities and statistics. That's what I pay for, and I'm satisfied with it. It's another tool in my toolbox. I don't read your report expecting you to tell me with 100% accuracy which way the market is going the next day....it's impossible.

Any trader relying on others to tell him/her how to trade will be be disappointed, and I can guarantee it, 100%. If anyone wants to trade the market, plan on putting in the time to learn, and find what works for them.

[KENA]

Umm I think I will nibble on some TZA here. Wash it down with KoolAid.

make mine a Mac and Jack

[Cobra]

now it looks like a descending triangle.

[TraderGirl]

spx...

[MrMiyagi]

SPY is now at the day`s low from where it started so I guess It`s Now Or Never.

[Al_Dente]

all 4 major indexes, intraday now suggest sell-able. my conservative time frame of 5 min. the one minutes kicks on long time ago.

kool-aid
http://screencast.com/t/xcOxQxTg

[Cobra]

text book descending triangle target. I really don't want to see it breaks down because I don't want to trade on the downside today. I remember nowadays almost every descending triangle breaks on the opposite direction though.

[Cobra]

thanks. but i'm not the best of the best otherwise I wouldn't try to sell my daily report here. I work very hard that's for sure, so I just kind hope that eventually I might make a little differences sometimes in the future.

You post probabilities and statistics. That's what I pay for, and I'm satisfied with it. It's another tool in my toolbox. I don't read your report expecting you to tell me with 100% accuracy which way the market is going the next day....it's impossible.

Any trader relying on others to tell him/her how to trade will be be disappointed, and I can guarantee it, 100%. If anyone wants to trade the market, plan on putting in the time to learn, and find what works for them.

Thanks.

[Cobra]

up up up, ole' ole' ole'. I'm really neutral today.

[MrMiyagi]

AAPL up nearly 5$ in 9 minutes.... hmmm

[BullBear52x]

all 4 major indexes, intraday now suggest sell-able. my conservative time frame of 5 min. the one minutes kicks on long time ago.

kool-aid
http://screencast.com/t/xcOxQxTg

[TraderGirl]

up up up, ole' ole' ole'. I'm really neutral today.

It sounds like you are bullish..??

[snakehead]

Good read --->


This guys take on the market pretty much matches mine.

http://seekingalpha.com/article/503221- ... urce=yahoo

I especially like the way he calls out CNB-Fail and in particular Cray-mer:

"What a moron! Seriously - "frontsie-backsie?" I guess he needs to treat his audience like they are 2 because bigger kids might realize that telling investors to ignore Europe would be just as idiotic as an Asian or European carnival barker telling the rubes over there to ignore America when making investment decisions. Is it really possible, in this day and age, that people still believe America is immune to what is happening in the rest of the world?
...

Look at the downtrend in the global commodities Index - do you think you are immune from that? I guess, to some extent we are, because CNBC's sponsors continue to use any excuse to pump up the PRICE of commodities, no matter how much DEMAND falls off..."

[Cobra]

up up up, ole' ole' ole'

[TraderGirl]

Emerging markets, via EDC, descending triangle..??

[Cobra]

up up up, ole' ole' ole'. I'm really neutral today.

It sounds like you are bullish..??

the chart does look bearish for now. I'm not bullish, I just don't want to take the bear bait if indeed breaks down.