05/03/2012 Live Update

[cougar]

Update: $SPY with a new MM scale. The fan line ~> weak support

[MrMiyagi]

Couple of phantom bars on IWM to 81.78$ region.

[uempel]

Close up of signal which is set for 13:30 pm:

[Cobra]

so far not a strong rebound, so bulls are not out of the woods yet. I do see the selling is weakened though. wait...

[TraderGirl]

If we pull back and stay within this channel, this is setting up a bullish move...

The next move should be up, just don't know if it will come today or tomorrow, and how far we rebound before we head lower...??

[BullBear52x]

SMH is cracking now

[snakehead]

Couple of phantom bars on IWM to 81.78$ region.

That's Wednesday's closing price ....

I have to confess that I am bullish on IWM -- when I look at the gap up on April 25 (and action on subsequent days), I think there are 2 different ways of looking at
what has happened as an island reversal !

[fehro]

.. more trendlines.

[Petsamo]

We must be oversold. My EWP (Spain) isn't dumping as much.
The rain in Spain stays mainly in the plains.

[BullBear52x]

IWM, fails here next target is 79, lots of air below 80.5

[alvian33]

cobra, /es futures 6 red candle on hourly bars, is it due for a rebound, or no edge yet?

[TraderGirl]

Silver doesn't look good right here. Looks like there could be two levels of support coming up, trend line 1 is around $28, and trend line 2 is around 26.50. Trend line 2 represents a higher low than the December 28th low, which is an important level, should it fall below trend line 2, then we could see a sharp sell-off...IMHO...

[torus]

Hi All,
Has anyone monkeyed around with regression lines (line of least squares) on a price chart, or know of a technical indicator that makes use of them?

[Al_Dente]

UEMPEL
Is it 13:30 yet?
Internals confirm bear, but they need to break yesterday’s low, else the bears will step in and cover …..
Oooooo note bot buying literally one minute ago (green circle)

Here’s overlay, yield is wanky but who cares, Granny Smith green is AAPL
http://stockcharts.com/h-sc/ui?s=$ONE:$ ... =266203750

[cougar]

Hedging for $AAPL: I sold to open a weekly strangle, expiring next Friday (May 11): 575P & 600C.

[BullBear52x]

UEMPEL
Is it 13:30 yet?
Internals confirm bear, but they need to break yesterday’s low, else the bears will step in and cover …..
Oooooo note bot buying literally one minute ago (green circle)

Here’s overlay, yield is wanky but who cares, Granny Smith green is AAPL
http://stockcharts.com/h-sc/ui?s=$ONE:$ ... =266203750

The attachment 53oneb.png is no longer available

Here is my swing 1m. AAPL

[uempel]

Update, 3 minutes to go

[BullBear52x]

UNG at resistance. nice pull back to 5 DMA yesterday, hope for it to break out.

[Mr. BachNut]

My mid-day technicals check is a bit bearish but not alarming at this point.
Maybe that changes at 1:30...

What is interesting is my MO read is near 0 down from over-boughtish type levels a few days ago.
Around here or after piercing 0 but not by much is where a bounce would fit.
If it just keeps declining, it argues that the turn may have come.
So, key time may be close.

[Al_Dente]

ATTENTION BEARS do not cover already please

PAGING TMAMA
Thanks
When are the next silver turn dates??