04/27/2012 Live Update

[Cobra]

here's another reason I expect a pullback here: overshot, volume surge and biggest bar, so this could be an exhaustion bar. just don't forget the trend is clear up, rarely this push up is one legged so the pullback usually is buy.

[MrMiyagi]

At this rate, come POWER HOUR SPY will go over 141$ easy.

That was it? Not much of a pullback... Strong bull action today, was not expecting this much strength.

[TWT]

GLL (ultra short gold etf): Potential bullish setup

[Cobra]

the usual pattern, should be another push up.

[Cobra]

volume surge, not sure what it means, wait.

[uempel]

Looks as though 14:00 pm signal was a dud - bye guys, I'm off for the weekend.

[MrMiyagi]

Looks as though 14:00 pm signal was a dud - bye guys, I'm off for the weekend.

What were you expecting signal-wise?

[soku]

Looks as though 14:00 pm signal was a dud - bye guys, I'm off for the weekend.

i think we may still get something this afternoon. why not just watch for another 1.5 hrs

[MrMiyagi]

Market action as of late;
POP one way or the other.... grind grind grind flat flat flat POP POP grind flat grind grind bore grind flat POP POP grind flat flat flat POP CLOSE!

[TraderGirl]

spx...5 minute...

[victorm]

Market action as of late;
POP one way or the other.... grind grind grind flat flat flat POP POP grind flat grind grind bore grind flat POP POP grind flat flat flat POP CLOSE!

love your interpretation Cobra, that's the update you need to adapt

[btran874]

Market action as of late;
POP one way or the other.... grind grind grind flat flat flat POP POP grind flat grind grind bore grind flat POP POP grind flat flat flat POP CLOSE!

Somehow that sounds like a old porn movie.

[TraderGirl]

aapl...

[TraderGirl]

spx..

[Cobra]

good, pullback as I expected, now another volume surge, let's wait. By the way, if you like my intraday call, not bad so far today (and most times), please vote and follow me here, I need your stimulus package, thanks. http://stockcharts.com/public/1684859/tenpp

[soku]

i think i saw some stop orders around 1390. not sure north or south, not sure if there is any impact. i guess it may be the line bulls are going to defend. maybe this afternoon will not be as excited as i thought.

[CarlosDK]

What is your upside targets before we top Cobra? on SPX?

[Petsamo]

IWM is refusing to drop

[MrMiyagi]

IWM is refusing to drop

Even with all the damn p-bars, son of a beeeee...

[Petsamo]

IWM is refusing to drop

Even with all the damn p-bars, son of a beeeee...

I'm seeing a lot of red sell bars. Maybe it's the plunge protection team at work