07/27/2012 Live Update

[tkvprasad]

Cobra - not to give away your report last night but does the comment we all are wondering about with a green day today still hold true?

You mean the statistics about up big not Major Accumulation Day? The recent trend is, it may up more than 2 days but what happened thereafter still possible. You can go count all the green line cases on the chart and see how many cases up more than 2 days then...

It's the past history of course, so might not work at all this time but it's not in me to tell you.

With INDU already broke the upper trendline (cobra's decision point) , i guess we sure could break on SPX too in coming days and seems like we are going up and up , to new highs above APR 2012 !!!

[CMT]

Cobra - not to give away your report last night but does the comment we all are wondering about with a green day today still hold true?

You mean the statistics about up big not Major Accumulation Day? The recent trend is, it may up more than 2 days but what happened thereafter still possible. You can go count all the green line cases on the chart and see how many cases up more than 2 days then...

It's the past history of course, so might not work at all this time but it's not in me to tell you.

Thanks and I wish! I like those odds, just making sure I didn't miss something

[MrMiyagi]

Big name techs are flying today...

[knock]

es resistance of a trendline (on daily)

[tkvprasad]

Short term scalpers alert, sell first ask question later. I hope 137.84 holds if not well........

bullbear - would you mind posting your 60 min chart on SPY !

I don't know which one you want to see

Thanks for sharing. I was looking 1st one

[Al_Dente]

DAILY CHARTS
Draw yr downtrend line from April 1-ish high to today

[edit i see knock just referred 2 same on ES ?]

[Petsamo]

They need to finish this thing at the highs

[MrMiyagi]

They need to finish this thing at the highs

Yep, would be nice because the charts are saying "pullback" here, better chances of that with a higher finish.

[Al_Dente]

Plus spy just filled her final (?) gap from may 3-4

[Petsamo]

If anyone wants to go long over the weekend, India has been doing mostly red candlesticks. They may rally.

[Mr. T]

I think bulls have great odds of this being goosed higher.

Everyone was short - now they're getting short again........ trying to outsmart the market.

[Mr. T]

POWER HOUR!!!!!

[BullBear52x]

I see what all there is to see.

Thanks Cobra and everyone, have a great weekend.

TA Note: Trend up bullish, but VIX sell signal short term is here today, for counter trend you can not get any better than this.

[fehro]

still higher... 1398ish?

[Cobra]

hopefully could test the day high before the close.

[MrMiyagi]

POWER HOUR!!!!!

And then some!! Quite the way to end the week, I bet they crush the crap out of it Monday.

[Cobra]

retest of the previous high.

[Al_Dente]

Top finder chart, yes top, just because of very strong up volume
But this could mean just a quickie pullback ahead, or it could also be a signal failure
So caveat emptor, overbought can stay ob for a while…it’s hard 2 stand in front of a runaway train…

[Cobra]

another C&H, cannot believe the target though.

[knock]

retest of the previous high.

this is a trend line resistance on es daily.