04/02/2013 Live Update

[toddymc]

Scalp from yesterday near close: Entry 1.73 exit near the high 1.98 small profit
wait for pullback to re-enter if poss.

[L_T]

sold long

Guys, i'm out for the day. I was travelling all weekend and I guess I caught a bug somewhere.
I need quick access to the bathroom (I'm throwing up) and just can't sit here with a hair trigger.

Have a good one....

Yowza. Get well soon.

[Al_Dente]

sold long

Guys, i'm out for the day. I was travelling all weekend and I guess I caught a bug somewhere.
I need quick access to the bathroom (I'm throwing up) and just can't sit here with a hair trigger.
Have a good one....

hope u feel better buddy
chicken soup works

[Out of Bounds]

sold long

Guys, i'm out for the day. I was travelling all weekend and I guess I caught a bug somewhere.
I need quick access to the bathroom (I'm throwing up) and just can't sit here with a hair trigger.
Have a good one....

hope u feel better buddy
chicken soup works

I'll get some of the Cuban chicken soup around here - that stuff is amazing.

[TraderGirl]

expanding ending diagonal...wave v can fail...but most likely not in this market...

This seems like the move we were waiting for a blowoff move...transports already in the red and in a bear flag...so we are going to get a move down very soon...

[fehro]

possible rising wedge, question is which one.. the larger yellow (2 months) or the smaller yellow (2 weeks)?

[TraderGirl]

I wonder if this longer term potential ending diagonal will mean anything..??

[toddymc]

I wonder if this longer term potential ending diagonal will mean anything..??

Oh hell yeah it's a big megaphone pattern shouting Get Out!!

[jarbo456]

i posted this a week ago. this is the update with the potential breakout - as was suggested when i originally posted.

bears hope for a megaphone top of some sort...

but the last time we see what happened - i don't have a lot of hope for bears.

this market may be frothy, but we buy until price says otherwise.

[TradingJackal]

missed ym short by 2 points

[Cobra]

the only thing worth mentioning is RSP lags, which means today's up is led by a few heavy weighted stocks.

[Hubon]

true, all in big caps... SPX100

[fehro]

SPX 5m

[fehro]

still a mere 4 points under the all time highs.

[gasprice]

must be a top, the price just keeps going higher

[jademann]

Got whacked really hard. Thought they would give the bears a few days for the first time in about 6 months. Lost so much taking bear positions these last 4 years....

[fehro]

still a mere 4 points under the all time highs.

Well looking at this chart you could still get a blow off top/parabolic move up to the blue channel/green trend line... almost 1790 ish area.

[toddymc]

i posted this a week ago. this is the update with the potential breakout - as was suggested when i originally posted.
bears hope for a megaphone top of some sort...
but the last time we see what happened - i don't have a lot of hope for bears.
this market may be frothy, but we buy until price says otherwise.

Agreed , I'm definitely not buying puts ....YET but am seeing multiple divergences vs. defensive sectors developing
We should be entering a corrective period mid to late april.. Until then it's buy the dips, sell the rips or Nice chart BTW thx!

[TradingJackal]

GLD way outside the bollinger in the second hour. Should turn up now. Bought some more calls. YM should give back some gains. Not sure if they want to hit the all time high today.

[TradingJackal]

i posted this a week ago. this is the update with the potential breakout - as was suggested when i originally posted.

bears hope for a megaphone top of some sort...

but the last time we see what happened - i don't have a lot of hope for bears.

this market may be frothy, but we buy until price says otherwise.

How about this for a Megaphone