07/16/2012 Live Update

[Cobra]

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Small gap down, within Friday's range, so the gap might be filled. Usually after a big range day, the next trading day tends to be a small range day. Just I hope today won't be too boring.

Global ES looks like a Bull Flag to me, so the bias is on the upside FOR NOW.

[jarbo456]

interesting...quiet morning...

gm cobra - hope you had a good weekend.

[Cobra]

the open.

[Cobra]

interesting...quiet morning...

gm cobra - hope you had a good weekend.

Thanks.

Now every morning is quiet.

[jynmax]

GM,COBRA~

[Cobra]

GM,COBRA~

good morning.

[Cobra]

support. not a good start, this pullback should be 2 legged, NORMALLY.

[Unique]

Lol I'm an f* idiot, I accidentally posted in the weekend thread instead of here..

AAPL is 10 bucks away from my 619 target from last week...looks like a nice week

I think if today holds my IHS neckline 603-604, we got a good chance of an afternoon blast off today after 1PM

[Cobra]

Lol I'm an f* idiot, I accidentally posted in the weekend thread instead of here..

AAPL is 10 bucks away from my 619 target from last week...looks like a nice week

I think if today holds my IHS neckline 603-604, we got a good chance of an afternoon blast off today after 1PM

I saw quite a few other posts there. This should explain why we had an unusually quiet morning.

[ClarkW]

Have never seen it this quiet Cobra. Is everything good with your system technically?

[johnnywa]

Here is our bounce looking for next leg down to 1347 to long

[Mr. BachNut]

Short.
Put on 1/3 position after opening spike Friday. Took it up to 1/2 at the close.
I think the trade is early (if not a loser) but the signal comes when it comes.
I may day trade the position between 1/3 and 1/2 opportunistically to try and manage this a bit.
Another push up into opex will squeeze this potentially into its stop. We shall see.
Friday's action did improve the technical picture in a lot of ways. So, this trade could get whipsawed and close red.

Interestingly, it looks like I'll get a second sell signal sometime this week (based on McClellan Summation index changes and time).
So, I may be inclined to go to a full position with good prices at new highs above Fridays high.

I have no idea what the outcome will be here, but I have technical support for a turn south probably within the next 7 trade days. The questions are how high is the high and will the dice come up craps...

[Petsamo]

Nice v-shaped recovery

[BullBear52x]

Bears coming strong, but no new LOD on SPY bulls got another day to kick back.

[johnnywa]

Ok now lets go all the way and do a "W"

[Cobra]

now the bias is up. I hope I could be right this time.

[Cobra]

Friday's high (red line) could be the initial target.

[dr659]

now the bias is up. I hope I could be right this time.

Possible target?

[KeiZai]

plan is still valid (new high underway)

[BullBear52x]

Someone is lying, see TLT????double top or break out?