04/24/2012 Live Update

[Cobra]

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Flat open, so any gap will be filled.

The global ES is just a little little bit bearish biased, with the 100% Measured Move target at 1340. I don't believe the target, but still Fib 61.8% at 1351.17 is possible (and perfect). The good news for bulls is the pullback overlapped so this might be the final down leg before a meaningful rebound.

[CarlosDK]

Cobra

If you think we will have a bigger rebound ,, what kind of re-bound you looking for ? 1400 or higher?

I were wondering if the past weeks bear flag was a move before we plunge lower for coming weeks.

[Cobra]

the open.

[CarlosDK]

AAPL still bounce to 600 or a test of 550 first?

[Cobra]

Cobra

If you think we will have a bigger rebound ,, what kind of re-bound you looking for ? 1400 or higher?

I were wondering if the past weeks bear flag was a move before we plunge lower for coming weeks.

cannot see that far, will have to see a pattern before calling bull target.

[Cobra]

AAPL still bounce to 600 or a test of 550 first?

bounce still is due.

[Petsamo]

I don't understand why Ford is so high. Earnings aren't until the 27th

[CarlosDK]

AAPL falling apart.

[Al_Dente]

Some of the dows are getting squeezed
IBM, T, VZ, DD
etc

[zudec]

I don't understand why Ford is so high. Earnings aren't until the 27th

Credit rating was raised by (I think it was) Moody's

[KENA]

The weekly chart longer term update by stocktiming.Note the strength of the mkt has been turning dn. Something to watch for mkt change of direction.

[Cobra]

overshot, might see pullback here, then we'll see.

[uempel]

SPX trying to bounce on the lower band of BB13/1. Note that the break of DMA 55 was bearish, a successful bounce on the lower band of 13/1 would be quite positive for bullish hopes...

DMA 55 at 1377.33, BB13/1 at 1366.45

[Petsamo]

I don't understand why Ford is so high. Earnings aren't until the 27th

Credit rating was raised by (I think it was) Moody's

I was gonna get F yesterday, but I didn't

[gappy]

I don't understand why Ford is so high. Earnings aren't until the 27th

Credit rating was raised by (I think it was) Moody's

Yes, upgrade to investment grade by Fitch.

[uempel]

I don't understand why Ford is so high. Earnings aren't until the 27th

Credit rating was changed to "investment grade", they have to pay less for their debt, many funds can now buy their stock

[CarlosDK]

We should breakdown of the bear flag sometimes today?

[TraderGirl]

SPX trying to bounce on the lower band of BB13/1. Note that the break of DMA 55 was bearish, a successful bounce on the lower band of 13/1 would be quite positive for bullish hopes...

DMA 55 at 1377.33, BB13/1 at 1366.45

66.png

uempel, do you have any signals between 2-4, could be sharply up into that time frame...then top out...

[Cobra]

pullback as expected. now if bulls could consolidation here, then they have chances. let's see.

[Al_Dente]

Internals
AD low, indicates “range day” at the moment….
Bot buying (volume)