05/22/2012 Live Update

[Unique]

Miyagi: What is the exact value of that p-bar? 23.50?

23.41$

You people are placing too much significance on pbars. Sigh.

[Cobra]

Cobra - sure that today is not consolidation before we run higher ?? It looks a bit like consolidation or what you think ?

not a bad day for bulls I'll say assume no dramatic downside for the last hour.

[MrMiyagi]

Miyagi: What is the exact value of that p-bar? 23.50?

23.41$

You people are placing too much significance on pbars. Sigh.

We know it is not something more than "good to know".

[Unique]

PCX - in at 1.60 GOING FOR THE 2 Bagger
BANKING IT FOLKS

AAPL and SPY weekly calls exited at +350%, +150%.

Large caps are safer than pennies, my perspective.

[Al_Dente]

news?
oil?
SCO

[CarlosDK]

Cobra just trying to learn...

But when do you think we will "top" out short term ?

I remember when we topped out we saw massive volume on SPY at 1410-1415 ,, you said big time volume,, that was when we topped.

Then we had big volume at 1300 on SPX and so and got little further down and this was were we bottomed ?

Is it by volume you look for "trend changes"? in mkts ?

[TWT]

SPX: I don´t think that the bounce is over

[Unique]

Also, just noticed PCX at all the time with highest all time volume. Well done.

[stucap]

SPX: I don´t think that the bounce is over

i agree. mkt looks weak at the moment, maybe into close. but like cobra said, no big down here, still good consolidation for bulls. i don't see bulls giving up at these levels unless we get some gnarly news out of europe

[dr659]

The inventor of the TV Remote dies at 96, The man that invented the symbol of inactivity lived to be 96 years old

[fehro]

should it break down... 1312ish?

[MrMiyagi]

Any guesses for POWER HOUR?

[Unique]

I don't like aapl black bar at resistance: http://stockcharts.com/public/1684859/c ... /231686385;

555 retest is likely in the immediate term it seems. Ran 8% from friday, in consolidation.

[Unique]

Any guesses for POWER HOUR?

I have 133.8 first target, with 134.5 for the week. You? 134.18 is 38.2% retracement level.

132.3 must hold, of course.

[BullBear52x]

Thanks Cobra and everyone, GLTA

TA note: pivots go or no go? some bull flag here.

[snakehead]

this is the wackiest board I’ve ever seen in my entire life
can someone direct me to a board where the sane folks post
y’all are crazy people every one of you

al dente b waiting for dump (while watching for sqz)

http://www.youtube.com/watch?v=UnLyypuGG6o

Mister Market will do that to you.
Following this is like playing 1 on 1 with a schizoprhrenic basketball player.

On that note, I definitely recommend the following as music to trade to:

1.
http://www.youtube.com/watch?v=RczWDQmKQtA

2.
http://www.youtube.com/watch?v=spnjTzuV ... re=related

3.
http://www.youtube.com/watch?v=xJsBuYgTLQs

[TraderGirl]

Miyagi: What is the exact value of that p-bar? 23.50?

23.41$

You people are placing too much significance on pbars. Sigh.

We know it is not something more than "good to know".

Actually, in the last month or so, your p-bars have worked on many, many occasions. I would not be too quick to downplay the importance. Before Miyagi posted the FB p-bar, I had already come up with that same exact number on a potential pull-back after a 50-60% retrace...to potentially close the gap at $38 (if that should happen)....

[Mr. T]

Once JPM breakout in a few min - the market will fly higher.

That's my guess.

[ken_d17]

Any guesses for POWER HOUR?

I am guessing we have a power hour "smackdown!"

Close at lows of day

[MrMiyagi]

Actually, in the last month or so, your p-bars have worked on many, many occasions. I would not be too quick to downplay the importance. Before Miyagi posted the FB p-bar, I had already come up with that same exact number on a potential pull-back after a 50-60% retrace...to potentially close the gap at $38 (if that should happen)....

Thanks TraderGirl, as I have said on another post here or there, it does not replace cycles, charting, TA, fundamentals etc...