05/16/2012 Live Update

[Cobra]

let's see whether the normal pattern works or not this time.

[Al_Dente]

1min internals

[shaca]

DAX broke below H&S Top neckline but having a dramatic coming back, so I need see if this break could hold first before blah blah how bear is bear

I had to get up very early today: DAX bounced at support 6300 at about 3:30 am 6300 looks good, should hold for the next few days. Support further down is at 5900 (minus another 7 percent).

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FYI: I started to play DAX a few weeks ago, I like the volatility. A real rollercoaster.

i think we may have a bearish bat on the dax and NYA weekly

[KeiZai]

Same with gold

[Cobra]

aapl doesn't look good: http://stockcharts.com/public/1684859/c ... /260183775;

[Cobra]

wow, goog, ascending triangle did pay off! http://stockcharts.com/public/1684859/c ... /265018963;

[Cobra]

goog ascending triangle text book target. http://stockcharts.com/public/1684859/c ... /265018963;

[Al_Dente]

Open it up to 10 days, 10 min
invertTRIN going bonkers bull (green arrow)
Other internals not quite so exhuberant (pink line)

[Cobra]

aapl still not looking good: http://stockcharts.com/public/1684859/c ... /260183775;

[Cobra]

so far bulls hold well, hopefully we have a decent rebound today.

[KeiZai]

Decisive trendline break then its short-term buy for commodities (silver,gold etc)

[ClarkW]

i think we may have a bearish bat on the dax and NYA weekly

[/quote]

I agree on the harmonics pattern on DAX. My BIG question for Cougar or anyone else is are there 'projections' based on harmonic patterns like Gartley, Bat, Crab or it is purely directional based?

[BullBear52x]

a look at summation index when it goes below zero.

[BullBear52x]

MO update:

[garygld]

Cobra, you probably know this, but, in case... The Fortune Apple guy Elmer de Witt/? was quoting that Andy Zaky fellow ( the APPL Wiz), about 2 weeks ago, and he thot that APPL might see 535. and "THIS WAS A GREAT BUY". He is always so confident about APPL snapping back to 700.+. But I was wondering, if the whole market turns bear, which was not considered in their discussion, could APPL just stay down. I mean that has been the history, the past few years are a surprise.

[MrMiyagi]

SPX 1500!!

[ClarkW]

a look at summation index when it goes below zero.

It appears over the past five years $NYSI continues move down most of the time after it breaks below 0. But in June of last year it bounced back nicely before continuing it's downturn

[BullBear52x]

Last time TRIN > 3, no dip buyer in town, a little different?. too bad I can not trade today gtg bye.

[moreno]

goog ascending triangle text book target. http://stockcharts.com/public/1684859/c ... /265018963;

Hi Cobra ,

what is the name of the 1st indicator (hight) on google chart?

Tks

[KeiZai]

MO update:

Lol good eye BB I was looking on the same thing few days ago