04/10/2012 Live Update

[HuyVanLang]

GM cobra,

I'm learning your TSX Long Term Trading Signals on stockcharts.com. I have 2 silly questions for you. What kind of chart settings do you use to show blue bars? When there is a blue bar which means holding? For example: If I'm holding a long position, a blue bar appears in a following month, that means I should hold my long position until a red bar appears, and vice versa.

Thanks. I have learned a lot since subscribe to your site.

[Al_Dente]

1 min internals
Today is one of those days when nyadv green appears above nydec red, which is misleading as nydec is 1600 ish
The intraday direction of the trin needs monitoring today

[SWalsh]

AAPL route is clear now. According to the annotation on the chart, you should know the answer, shouldn't you?

When push comes to shove, Apple is that chip in the neck that everyone feared. I saw something a few months ago that if you take a picture with your Apple phone they'll tell you where you are. Gmail openly makes you agree that all your e-mail can be read and articles abound as to how well these companies are doing and why.

Cobra, did you ever come across George Orwell's book, "1984"?

[stucap]

Anyone long SVU or positioned for straddle/strangle before earnings? You are sitting pretty now either way.

i'm long but still about a buck below my CB. Nice pop though. hope it can hold!

KEEPS LOSING SUPPORT.....WHERE ARE ALL THE FOOLS WHO ARE BUYING APPL? CAN'T THEY BUY SVU FOR A DAY???

[KeiZai]

GM


Preferred waves, I am very curious about hedge funds reaction at 1371, they can change the game for a while...btw "lottery ticket" from 30th march goes according to plan

GLTA

Nice chart now lets see how it works out..Thanks again on the up date on the chart this weekend.

I hope both will work out, you are welcome

[Cobra]

GM cobra,

I'm learning your TSX Long Term Trading Signals on stockcharts.com. I have 2 silly questions for you. What kind of chart settings do you use to show blue bars? When there is a blue bar which means holding? For example: If I'm holding a long position, a blue bar appears in a following month, that means I should hold my long position until a red bar appears, and vice versa.

Thanks. I have learned a lot since subscribe to your site.

Yes, you understand correctly, only red and green matters, hold whatever you have on blue bars.

The chart uses Elder Impulse System on monthly chart. See here: http://stockcharts.com/school/doku.php? ... lse_system

[Al_Dente]

bots are selling

[Petsamo]

My XME is staying green, for now

[TraderGirl]

Finally got the wave 5 I was looking for....

[HuyVanLang]

Thanks, cobra

[Denali92]

800 breached on the RUT!

In March - after the first breach it bounced..... and then fell to the final lows .... that March 6th gap at 787 still exists and the RUT and MID do like to fill their gaps, particularly around employment reports (Remember Aug 2011 and Feb 2010 - key gaps were filled on both those trades .... and of course the FLASH CRASH!)

Today is really the first day of this move that the bulls have not had a gap down to buy, so this could be the BIG RED DAY that the market needs in order for it to have a proper bounce!

-D

[Cobra]

volume surge, so I suspect this selling may not go far. let's see.

[TraderGirl]

Looks like 1375 has support...

[L_T]

Anyone long SVU or positioned for straddle/strangle before earnings? You are sitting pretty now either way.

i'm long but still about a buck below my CB. Nice pop though. hope it can hold!

i doubled my position recently, so am now in the green. long term, i want to see 7 and change as my target. a break below today's low and i'm out.

i'm not crazy about SVU, but at the end of the day, it's doing a lot of right things, paying down debt, managing expectations, etc. etc. with that being said, it's still in a ridiculously leveraged, no margin, highly competitive market.

Just from the quick research I did it seemed like a tough one to "invest" in rather than just a trade. I know it's yield is nice but one misstep and it may not cover it. However I have not read what came out of their report last night so maybe that's not so much a worry now.

[KeiZai]

I thought it's the other way around. Ban oil from Iran.

Watch the oil - Iran cutting off all shipments to europe

Yeah thats funny on it, that was nice trap from ahmadinejad He will get a bonus from WSboys

[SB73]

volume surge, so I suspect this selling may not go far. let's see.

Bottom line is the bulls just haven't shown any conviction yet.

[Richarab]

AAPL route is clear now. According to the annotation on the chart, you should know the answer, shouldn't you?

When push comes to shove, Apple is that chip in the neck that everyone feared. I saw something a few months ago that if you take a picture with your Apple phone they'll tell you where you are. Gmail openly makes you agree that all your e-mail can be read and articles abound as to how well these companies are doing and why.

Cobra, did you ever come across George Orwell's book, "1984"?

speaking of good books... you ever read Whispers: The Voices of Paranoia by Ronald K. Siegel?
mesmerizing....

[Al_Dente]

we just filled the 3/13 gap (????)

[KeiZai]

Copper - deflation call?

[Cobra]

triangle target once again points to 1366.