04/19/2012 Live Update

[tomsky]

DJIA broke upwards that bear flag.

[stucap]

Here's my chart. Bulls are in good shape if we close here. They ALWAYS find a way. That said, gap down tomorrow, things change. Not likely.

[BullBear52x]

I know we have one more day but so far strong bullish candle on weekly

RSI(5) weekly now back under 50 this time is different, I yelled shorts hands off once this was above 50 well, not any more.

Im with u

I spoke too soon, (like always ) now RSI is back above 50, well well well.......

show me

[Cobra]

some resistances here. 13 min to close, anything could happen, so no idea.

[uempel]

Back above the trendline on the daily:

[stucap]

DJIA broke upwards that bear flag.

as did ES by now I think.

[Cobra]

well, don't tell me we close green in the last 12 minutes. I saw this happened before, so I'm willing to accept anything happens here.

[uempel]

some resistances here. 13 min to close, anything could happen, so no idea.

I know that you don't drink, but I'd buy you a beer if SPX closes below 1376/77...

[BullBear52x]

intraday is way over bought, my lead man will not buy here.

Thanks Cobra and everyone, GLTA

TA NOTE: IWM, XLF, QQQ and IYT are NOT playing along the bulls game, Long beware!

[Cobra]

bulls have 8 min to make a miracle.

[Al_Dente]

squeeze yes
squeeze no
oy
http://www.youtube.com/watch?v=G7Mxtdg7 ... re=related

[MrMiyagi]

Gap up in the morning is what my Koi is telling me.

[Cobra]

some resistances here. 13 min to close, anything could happen, so no idea.

I know that you don't drink, but I'd buy you a beer if SPX closes below 1376/77...

have my fingers crossed.

I don't drink ONLY IF I HAVE TO PAY!

[SWalsh]

so far still a bear flag though.

They are trying to hold the longer channels on SPX, NDX, and IWM. These were BIG STUFFS and it's why people are leaving and a few significant money managers I know are not happy with this kind of activity.

The larger on on DJI, which has been leading, is at 13027. But it is not like SPX as it went so far out of its channel it's no longer valid. The War Room will decide tonight whether to let this go or fight if for a few more weeks. They'd be better off shaking out some longs and putting in some shorts if they want to rally it. Corporate fascism, loved also by FDR, is like watching sausage or law made...ugly. I hope our future health has more credentials that this crap bidding and creating nothing:

[Cobra]

well, guess that's for today. Need dig a little for tomorrow. the seasonality according to stock trader's almanac is bullish though. thank you guys, I'll see you tomorrow.

[Petsamo]

So who's placing bets for a gap down ?

[uempel]

Gap up in the morning is what my Koi is telling me.

Yes...

[Cobra]

hmm, what did uempel say? close below 1377?

[Petsamo]

2.6 million last sell on SPY

[tomsky]

I might but don't count as i trade also in european session and might change my position based on what happens then.