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Re: 05/02/2012 Live Update

Posted: Wed May 02, 2012 3:28 pm
by BullBear52x
Thanks Cobra and everyone, GLTA

TA note: no buy set up I can find. INTC will be the Key to Qs and SMH, Volatility ratio still on a sell side.

Re: 05/02/2012 Live Update

Posted: Wed May 02, 2012 3:34 pm
by Cobra
not exactly the rebound I'd like to see (I mean too weak), but well, count it as go as planed.

Re: 05/02/2012 Live Update

Posted: Wed May 02, 2012 3:37 pm
by Mr. T
Cobra wrote:not exactly the rebound I'd like to see (I mean too weak), but well, count it as go as planed.

Looks good to me = I want more rebounds to look like that :)

Re: 05/02/2012 Live Update

Posted: Wed May 02, 2012 3:38 pm
by MrMiyagi
Obama must've had a heavy greasy fried chicken lunch; too sleepy to prop up markets.

Re: 05/02/2012 Live Update

Posted: Wed May 02, 2012 3:41 pm
by Cobra
still not what I'd like to see on aapl: http://stockcharts.com/public/1684859/c ... /260183775;

Re: 05/02/2012 Live Update

Posted: Wed May 02, 2012 3:41 pm
by TraderGirl
the only thing I can say is that tomorrow is the direct Venus Mercury aspect, and one astrologer I follow says that could signal a better than expected number on jobs in the morning and give a push to the market, but it is most likely a sell the news kind of situation, because we could be down into the 4th/7th....IMHO...

Re: 05/02/2012 Live Update

Posted: Wed May 02, 2012 3:42 pm
by Cobra
ok, now I can say, it goes as planed. but 19 min to close, let's see my last call on the downside. :roll:

Re: 05/02/2012 Live Update

Posted: Wed May 02, 2012 3:44 pm
by TWT
EURUSD: The bounce may be over if DT is confirmed

Re: 05/02/2012 Live Update

Posted: Wed May 02, 2012 3:45 pm
by Al_Dente
VIX goes into a decent crimp on bolinger 5min
Means gap tomorrow (?)

Re: 05/02/2012 Live Update

Posted: Wed May 02, 2012 3:46 pm
by TraderGirl
spx...

Re: 05/02/2012 Live Update

Posted: Wed May 02, 2012 3:49 pm
by MrMiyagi
TraderGirl wrote:the only thing I can say is that tomorrow is the direct Venus Mercury aspect, and one astrologer I follow says that could signal a better than expected number on jobs in the morning and give a push to the market, but it is most likely a sell the news kind of situation, because we could be down into the 4th/7th....IMHO...
Hey, no crazier than my p-bars!

Re: 05/02/2012 Live Update

Posted: Wed May 02, 2012 3:51 pm
by Cobra
10 min to go for my downside call, don't count on it because the last 10 min, anything can happen.

Re: 05/02/2012 Live Update

Posted: Wed May 02, 2012 3:53 pm
by Cobra
aapl maybe a triangle, so not good looking.

Re: 05/02/2012 Live Update

Posted: Wed May 02, 2012 3:53 pm
by MrMiyagi
DIA and QQQ closed the morning's gaps but SPY is 10 cents short.

Re: 05/02/2012 Live Update

Posted: Wed May 02, 2012 3:54 pm
by TWT
SPX: Overlapping means countertrend move = More weakness ahead

Re: 05/02/2012 Live Update

Posted: Wed May 02, 2012 3:56 pm
by CarlosDK
Cobra ,, up or down tomorrow ?

Re: 05/02/2012 Live Update

Posted: Wed May 02, 2012 3:56 pm
by Mr. BachNut
Gee whiz. IWM and QQQ may close green.

Re: 05/02/2012 Live Update

Posted: Wed May 02, 2012 3:57 pm
by Cobra
well, guess that's it for today. I don't read today's action as bearish so the evil plan I hatched in the last night market outlook is still valid (may need modify a little though but the overall direction should be correct), today's market action just confirmed my evil plan. Thank you guys, I'll see you tomorrow.

Re: 05/02/2012 Live Update

Posted: Wed May 02, 2012 3:58 pm
by Cobra
CarlosDK wrote:Cobra ,, up or down tomorrow ?
see closing statement. if you can trade in AH, then you can always adjust your position after my daily trading signals is out.

Re: 05/02/2012 Live Update

Posted: Wed May 02, 2012 4:02 pm
by Petsamo
We have a good case for a gap up but my spreadsheet's still pointing to a gap down.