06/08/2012 Live Update

[knock]

good, no big pullback, the bull still have legs. I hope the weekend meeting won't be too disappointed.

5 min sto is weakening.

[Michelle]

aapl is looking good

[Al_Dente]

double top
weak at the 20ma on the five
she's tired; me too
THANK YOU COBRA FOR EVERYTHING

[nicha]

Thanks cobra. Out of the short calls for a loss and sold a short put for July to make up for it. Hoping for some excitement at the WWDC conference next week!

[xfradnex]

okay: beating a dead horse here….volume [kool aid]
look ONLY AT THE CHART ON THE BOTTOM PANEL, called the “top finder”
see what happens the day(s) after there is no buy volume follow-through (red arrows, bottom panel)

68topfinder.png

Love your chart. With the current volume, are we still within your down indicator trip zone?.

[TraderGirl]

Possible bearish count on AAPL, would have to get above 581 to change to a bullish count....

[CH37]

If China has poor economic data this weekend, but Europe does a TARP, does the market go up or down?

first down then up?

data from CHina would not be good, 0.25% rate cut. more expected...

[TraderGirl]

AAPL bullish count says we could have a pullback and then another leg up for wave (5)...??

[Richarab]

Thanks cobra. Out of the short calls for a loss and sold a short put for July to make up for it. Hoping for some excitement at the WWDC conference next week!

I heard Hulk Hogan is gonna be there so you know it's gonna be awesome!


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I am here: http://tapatalk.com/map.php?0f1dhq

[Al_Dente]

okay: beating a dead horse here….volume [kool aid]
look ONLY AT THE CHART ON THE BOTTOM PANEL, called the “top finder”
see what happens the day(s) after there is no buy volume follow-through (red arrows, bottom panel)

68topfinder.png

Love your chart. With the current volume, are we still within your down indicator trip zone?.

Yes
ps: I’ve grown attached to yr odd elder charts u post EOD… am just beginning to understand how to read them… pls keep posting them…thx

[KENA]

Cobra, thanks for the week..See everyone next week.GTTA

[CMT]

Has anyone else noticed the SPY outflows the last three days, extremely high... I haven't seen that before. Just curious as I haven't been tracking this for more than 6 months.

[Cobra]

well, guess that's it for today. no idea about the next Monday yet, need dig more. members know my plan, we're on the 2nd leg up. thank you guys, I'll see you the next Monday.

[pezhead9000]

Spy volume
Today: 129,483,384
Yesterday: 184,622,000

[pezhead9000]

Yes! are you using WSJ Money Flows?
http://online.wsj.com/mdc/public/page/2 ... stcalendar

Has anyone else noticed the SPY outflows the last three days, extremely high... I haven't seen that before. Just curious as I haven't been tracking this for more than 6 months.

[xfradnex]

CHK now at 18.35 area- Big resistance over multiple days here . Larger wedge formed. Maybe a possible up again - Note linear regression line (pink) On the lower side of line. Maybe a swing back is due. Your own risk. This is not investment advise.

[ken_d17]

Cobra, thanks for a good week.


Have a good weekend everyone !!!!

[xfradnex]

okay: beating a dead horse here….volume [kool aid]
look ONLY AT THE CHART ON THE BOTTOM PANEL, called the “top finder”
see what happens the day(s) after there is no buy volume follow-through (red arrows, bottom panel)

The attachment 68topfinder.png is no longer available

Love your chart. With the current volume, are we still within your down indicator trip zone?.

Yes
ps: I’ve grown attached to yr odd elder charts u post EOD… am just beginning to understand how to read them… pls keep posting them…thx

Thanks. C= Elder at close, H = Elder for Highs, L= Elder for Lows, M = MA2 daily, the other two column are still a work in progress (ATR(10), CCI). If there is all blue without numbers across the whole day, it is a holiday; see %5EFTSE = FTSE 4 days ago.