05/22/2012 Live Update

[ken_d17]

Cobra,

Do you think our short term top is in ?

Ken

[CarlosDK]

Cobra you think bulls still have chances ?

[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.

Target hit. Bought some to scale in...

[Cobra]

great another 7% down for FB. Grate Job MS! When Cobra's Market View Ltd or Hutong9 IPO, be sure to remind me not MS.

[snakehead]

My take: TPTB stick-saved the Euro on Friday afternoon by massive buying on FX and via FXE.
Now drifting down to where they fired all those bullets. This is now a battle between light and darkness,
between manipulation and nature. If TPTB run out of ammunition, the markets should tank big time.

Then again. "they" have been successful in propping it up so long.

Personally I hope that the bottom drops out on them.

[Mr. BachNut]

Cobra,

Hypothetical question...maybe...if the S&P closes up but the other indices (Dow, NASDAQ, Russell) close down, would you consider an up day or a down day per your 7 up day rally criterion?

[Cobra]

Cobra you think bulls still have chances ?

need see tomorrow. cannot say it's too bad for bulls today yet as usually a small red or green day is expected. The morning up then faded does make bulls look bad but let's give it one more day.

[Cobra]

Cobra,

Hypothetical question...maybe...if the S&P closes up but the other indices (Dow, NASDAQ, Russell) close down, would you consider an up day or a down day per your 7 up day rally criterion?

up day.

[Cobra]

Cobra,

Do you think our short term top is in ?

Ken

still too early to say.

[Petsamo]

This is not looking bullish, fellas.

[Al_Dente]

3.5 million shares bot selling this minute spy


PS: thanks snakehead love herbie

[Petsamo]

I can't believe X is not dumping

[snakehead]

This is not looking bullish, fellas.

Somebody need to pull the strings on the puppet named "Berananke".

[Cobra]

consider target met. again, too bad I don't trade on 3 o'clock, otherwise with my huge volume it'd be down more.

[Cobra]

now let's see this descending triangle target.

[fehro]

channel or neckline retest?

[Cobra]

huge huge volume, hopefully a rebound of some kind here.

[CarlosDK]

Cobra -- do you think the top is in before lower ? What do you think here ? any signals or signs of anything ?

[Cobra]

very weak rebound, no good.

[Cobra]

Cobra -- do you think the top is in before lower ? What do you think here ? any signals or signs of anything ?

still cannot say top was in. the daily chart looks bad, that's for sure.