04/20/2012 Live Update

[uempel]

Thanks Al, so far both groups tried - unsuccessfully... Looks as though short term signals close to options expiry day tend to be duds...

[BullBear52x]

SMH and FAS is no go. see FAS here.

[Cobra]

another h2 or h3 long, this time might have a better chances because it could be a very small double bottom here.

[Al_Dente]

Alignment, everything bull except
Trin and banks bear
[hmmmmmm recall weekend sector weighting pie-charts …. banks are overweight in many indices…..]

[BullBear52x]

walking a fine line are we? Trin continue up let see.

[Al_Dente]

Little slow today ,just waiting..Here is a chart showing weak/strong stocks..Note how the strong stocks are decreasing.We are getting closer for a dn move but we may have to wait until May.

-%203.png

kena VERY coooool
what is "feeders"
is it like BOBs best of breeds
or large caps
or??

[grachu]

Cobra could you please update on appl ? looks like a falling wedge on the 1 minute.... thoughts for today? thanks ....

[Carlos]

im looking at the 30 min Stocastic and macd charts

the macd just crossed over.... this seems like more up before macd and stocastics crossover on its way back down. This will take time and may mean up today and monday.. down tuesday?

[TraderGirl]

ok, fell out of diamond, but still in support zone...

[Al_Dente]

SMH and FAS is no go. see FAS here.

$SOX has been really weak all day
Not sure why
eps maybe
I can never seem to get $SOX/SMH to give me anything reliable like a leading signal
I’m going to start IGNORING it soon
How u doin’ big boy?

[giggleeyes]

another h2 or h3 long, this time might have a better chances because it could be a very small double bottom here.

Hi Cobra,
Sorry I need to ask you some stupid question as I don't understand some terms you used. Can you let me know what's the meaning of C&H, OR, h2, h3 that you mention a lot in the post?

Thank you,

[KENA]

Little slow today ,just waiting..Here is a chart showing weak/strong stocks..Note how the strong stocks are decreasing.We are getting closer for a dn move but we may have to wait until May.

-%203.png

kena VERY coooool
what is "feeders"
is it like BOBs best of breeds
or large caps
or??

Stocks that feed the mkt for any type of up move..Feed um lots of good stocks and the mkt takes off..Time for my work out..Back later.

[BullBear52x]

SMH and FAS is no go. see FAS here.

$SOX has been really weak all day
Not sure why
eps maybe
I can never seem to get $SOX/SMH to give me anything reliable like a leading signal
I’m going to start IGNORING it soon
How u doin’ big boy?

I don't use them as leading or lagging indicator. I chart what I trade individually everything else is good to know taking it slow, many already having 13/34 crossed. SPY pricing level back on buy at close yesterday, but my favorite MACD for swing is on sell still. TVIX about a buy again.

[knock]

Cobra, can you take a look at ZNGA? it seems bottom is formed.

[TraderGirl]

Another way of looking at FAS, breakout of trend channel/bullish wedge....
then backtest...

[Cobra]

another h2 or h3 long, this time might have a better chances because it could be a very small double bottom here.

Hi Cobra,
Sorry I need to ask you some stupid question as I don't understand some terms you used. Can you let me know what's the meaning of C&H, OR, h2, h3 that you mention a lot in the post?

Thank you,

go to "Getting Started" in this board, you'll see OR, h2.

C&H is cup with handle formation.

[Cobra]

Cobra, can you take a look at ZNGA? it seems bottom is formed.

probably more down ahead. the rebound if any is sell, so.

[Cobra]

both h2 and h3 long are successful. I see potential C&H here. tinted area is the "consequences".

[Cobra]

not a good looking aapl chart.

[ken_d17]

Possible Double Top ?