08/03/2012 Live Update

[Al_Dente]

PAGE KENA

[TradingJackal]

I called a p-bar at 130.89 this morning on DIA. It hit 130.88 a few minutes ago!

[Unique]

A shot @139.2 top before crashing ?

I posted some charts in previous in page 2, I think SPY will hold 20EMA 5min today
and wait for a higher high on Monday then down. This is scale in zone for shorts though. Monday shall be the confirmation

[Tabby]

Let's see how the market behave now.

[KeiZai]

Closed EU longs, will rebuy next week (buy the dip setup) don´t fight this wave guys! Crash will come but not now, wait +- 2 weeks, I could be wrong but new highs are almost guaranteed


EDIT note: not all time highs

[Cobra]

so far so good for bulls. the usual pattern is to wait EMA20 to catch up, so a consolidation here is good.

[xfradnex]

This is the 11th highest Close-to-High in SPY in 400 trading days. The most in 100 days. There is no room for any up(today) from here statistically (see below).

[Cobra]

aapl 100% MM target seems no problem now. http://stockcharts.com/public/1684859/c ... /260183775;

[Tabby]

Closed EU longs, will rebuy next week (buy the dip setup) don´t fight this wave guys! Crash will come but not now, wait +- 2 weeks, I could be wrong but new highs are almost guaranteed

As Suko's picture used to say" we are not fighters, we are lovers." then couple months later, his picture converted to an angery Bear. He disapeared from the phase of the earth now, so as AK 84.

The END.

[Cobra]

a little consolidation here before breakout would be better.

[KENA]

PAGE KENA

I'm here but will be in and out for today.

[EvilTrader]

Closed EU longs, will rebuy next week (buy the dip setup) don´t fight this wave guys! Crash will come but not now, wait +- 2 weeks, I could be wrong but new highs are almost guaranteed

guaranteed = death and taxes....all the rest...

[Al_Dente]

PAGE KENA

I'm here but will be in and out for today.

ok boss
Quick question:
Just talking intraday only
Can u count the opening gap (invisible on stockcharts) as the left hand side of a dome, and thus draw the left side of the dome from yesterdays close to now at a possible/potential peak here.... or rounding top here????

[xfradnex]

Dr. Al. No comment on my disclaimer? I will take it down if you like.

[ronrico]

Soothsayer says spx to 1399 today THE top. he's been right a lot

[wayne0708]

a little consolidation here before breakout would be better.

Any upside target?

[TradingJackal]

Does anyone else see a p-bar on to less than 137 around open this morning? My TWS mobile chart shows it but not others.

[TradingJackal]

On spy

[KENA]

PAGE KENA

I'm here but will be in and out for today.

ok boss
Quick question:
Just talking intraday only
Can u count the opening gap (invisible on stockcharts) as the left hand side of a dome, and thus draw the left side of the dome from yesterdays close to now at a possible/potential peak here.... or rounding top here????

Yes I see what you mean..As I read it we could have a dome today dn to about 138..Adding to the dome from yesterday at 135.78 is very possible..Many ,many times carry over domes do not work . It will be interesting to watch this one.Thanks for the info.

[EvilTrader]

im 100% skeptical of this rally, but my opinions change as fast as im wrong to a certain degree.

So far, im playing the bear today. At some point i recognize i may have to take a stop-loss.

Good look to all bears.