03/30/2012 Live Update

[Cobra]

volume surge on aapl, so might rebound here.

[SWalsh]

For the bears:Cody Willard thinks the stock market is in a bubble.I think an easy way to determine whether or not the stock market is in a bubble is the S&P's PE ratio

I read an article where some think the P/E is dropping due to buybacks of stock and that the world will be chasing fewer stocks offered. That ranks up there with one of the clearest ways to say, "I don't know anything". Even the NY Times ran an article in the fall of many buybacks being to get key ratios above a certain level where multi-million dollar bonuses kick-in and they also fire people. If the firms thought it would do so well in the future they'd invest in more plant and equipment unless truly cash rich. But in many of these companies returned earnings have plunged and it's only accounting for bonuses.

Anyone using iTunes can get a great education from "Dan Carlin's Hardcore History" with a 15 hr show "Death Throes of the Republic". It's quite detailed as to the fall of Rome. One cannot escape the parallels with America now and the open theft from the treasury.

Here's the link for pasting the URL into iTunes: http://feeds.feedburner.com/dancarlin/h ... format=xml

[Al_Dente]

That’s the second squeeze bar 5 min spy, above vwap
XIV led slightly
ALERT only …
No one knows how shallow/deep….

[TraderGirl]

spx...

[SWalsh]

And the Fed said: "THIS MARKET SHALL NOT DROP".

I met an older Chinese woman last night who said Americans did not understand the creeping communism that is coming to this country as she was a small child as everything the people could do was regulated by the government. I guess that's why the Chinese revere their elders.

[agunther]

normal pattern.

Not if it was a cup and handle.

[Cobra]

I have no idea where the market is heading now. wait.

[Cobra]

I assume it'd go like this.

[Al_Dente]

they're squeezing germany
EWG [edit: and semis SMH too, both at doub top resist]

[Ed02]

DOW new high already. If it still leads the market as it has been, then spy and other will follow ...

[OverUnder]

CRB commodities index hit resistance but looking very strong. If it goes over market goes strong bull.

[Buckethead]

We enter one of the most seasonally strong periods of year first 2 weeks of April. BTFD.

[Richarab]

And the Fed said: "THIS MARKET SHALL NOT DROP".

I met an older Chinese woman last night who said Americans did not understand the creeping communism that is coming to this country as she was a small child as everything the people could do was regulated by the government. I guess that's why the Chinese revere their elders.

that is odd.. i too met an older chinese woman last night... couldnt really understand what she was saying... but she smelled of lotus flowers and tasted like pancakes..

[h2oskier]

hello,can help...

what meen this abriviatura:PPT,TA,PM,ZH,LTRO,TBFT,CRB maybe you know more?

is often used in this site and other.

thanks.

Plunge Protection Team, Technical Analyse, Zero Hedge, LTRO (euro's QE), TBFT (don't know), CRB (don't know)

TBFT - Too Big To Fail

[h2oskier]

And the Fed said: "THIS MARKET SHALL NOT DROP".

I met an older Chinese woman last night who said Americans did not understand the creeping communism that is coming to this country as she was a small child as everything the people could do was regulated by the government. I guess that's why the Chinese revere their elders.

that is odd.. i too met an older chinese woman last night... couldnt really understand what she was saying... but she smelled of lotus flowers and tasted like pancakes..

Richarab, you have some of the funniest lines.

[noob]

Cobra, could you provide your thoughts on RIMM? Both on intraday basis and daily basis? much appreciate!

[davegordon14]

AAPL is nearing the "run" line on its 3 month bump and run pattern. Looks like the "run" line sits at $595 and the "lead-in" at $525. Seems like this could fit: a pull back during the first few days of April, a bump off the "lead-in" which runs through earnings, followed by the real correction. Any thoughts?

[rpccharts]

I have no idea where the market is heading now. wait.

The Dax closed up 1% expect a squeeze

[Cobra]

OK, now we all know the pullback target.

[Cobra]

could be a small ascending triangle here, so the bias is up.