04/27/2012 Live Update

[soku]

my 99-00 line is still in play. it is break-then-retest successful for now. if turning up, es may go to 1410, but it is very hard to trade the upside right now considering we have only 1 hr to go. it will be easier to take downside trend as i read now. i still hope i can get something this afernoon.

[Vaamsy]

Cobra, any thoughts on FSLR?

[Cobra]

Cobra, any thoughts on FSLR?

I see no sign of bottom.

[TWT]

EURUSD: follow up Ending Diagonal option

[lqiantobe]

Cobra, any thoughts on ZNGA?

[Cobra]

What is your upside targets before we top Cobra? on SPX?

I reported that target in last night report, it's on SPY but should be easy to convert to SPX point.

[CarlosDK]

Cobra what is your SPX upside target before we go down again ?

[CarlosDK]

Ok thank you !

[Cobra]

Cobra, any thoughts on ZNGA?

no sign of bottom too. need see the previous low could hold or not.

[Cobra]

so far looks like a bear flag, but I really won't count on this pattern because lots of time after I said it's a bear flag, the market blow to the upside huge. aapl is at key point as it's the 2nd test of the previous low.

[lqiantobe]

if the previous low could hold, we can expect a little big rebounce?

[CarlosDK]

IF AAPL below 600$ Cobra ,, good short you think ? or You think it goes higher ?

[Cobra]

if the previous low could hold, we can expect a little big rebounce?

possible.

[SWalsh]

I read that only 16% of the mkt are traders the other 84% are computers HFT's.What happens when every trade is computer against computer????

Have you a link for that?

I think it may have been in Clusterstock or Seaking Alpha..If I run into it again I will make note and let you know.

Thanks..As to "computer v. computer" that's what the Nanex article, "The Race to Zero" is all about.

Look at the large bear flags that broke in every mkt and how the indexes were stuffed back up. The difference between the 2007-2008 mkt and now is as stark as the earth v. the moon. This mkt is lifeless and controlled by the US Government. I know that bulls who think they have suddenly become astounding market analysts refuse to accept that fact, but the mkt is thoroughly corrupt. You know who is still setting the price of grain. One day, this guy ends it all:

[Cobra]

IF AAPL below 600$ Cobra ,, good short you think ? or You think it goes higher ?

no idea, need wait and see. AAPL daily chart looks ambiguous even bearish biased.

[TraderGirl]

spx...5 minute...

[MrMiyagi]

Place your bets kids, last hour of the week; wild and crazy or tame and lazy? Step right up folks, no pushing no shoving, step right up to the POWER HOUR.

[KENA]

For the hi on the SPX,here is my take..The mkt may pull back a bit first but by May 18 the mkt will try and break the Apr hi of 1422.38 intra day.Then it may start the summer pull back or correction.Three or less weeks to go so lets see.

[Cobra]

good bull bar, need a follow through next bar to kick off the rebound and double bottom. wait.

[Cobra]

possible target.