04/05/2012 Live Update

[johnnywa]

F has been in its wave (4) triangle a bit longer than the SPX. Clearly a corrective pattern, that looks to be completing. Of course it can turn into a complex corrective wave as the triangle is followed by another corrective pattern. But, for now it's showing strength, which provides some life for the bulls

Who is this charltan????????????????

[soku]

market is choppy. i think we may dip to 86-87 zone. will decide to buy or not there.

[Cobra]

not a bad looking pattern, now the bias is up.

[knurbs]

market is choppy. i think we may dip to 86-87 zone. will decide to buy or not there.

I guess we need to assume your referencing SPX? Maybe you feel ES is going to drop 1300 points?

[victorm]

market is choppy. i think we may dip to 86-87 zone. will decide to buy or not there.

you right, but, 1440 first...

[Cobra]

mini rebound target reached.

[soku]

market is choppy. i think we may dip to 86-87 zone. will decide to buy or not there.

dip is not coming. it is not clean rally imo. i am not going to chase it. the plan is still buy dip, still around 86-87 area.
overnight high at 97.75 is the temp resistance for now.

[Petsamo]

It feels like a Friday, which is typically non-bearish.

[Al_Dente]

hmmmmmm squeeze BIDU

[grachu]

COBRA could you comment on your feeling for today... it seems it wants to be bullish but not strength. I think this wants to crash to the down side today... ....

[TraderGirl]

Dollar doesn't look like it's buyin' into this rebound...

[soku]

today is kinda strange, the gap did nothing. any thoughts?

[mac769]

But whatever happens, SOME will buy the dip to make things look "good" for all the sheeple still in this crazy market..

they are: http://www.zerohedge.com/news/meet-peop ... aily-basis

[stucap]

today is kinda strange, the gap did nothing. any thoughts?

if we close with a hammer --- we see 1420 early next week. bears are dropping the ball again.

[Cobra]

so far AAPL goes as planed: http://stockcharts.com/public/1684859/c ... /260183775;

[Denali92]

today is kinda strange, the gap did nothing. any thoughts?

It is / WAS all about the DAX and Europe - the DAX staged a STORMING comeback today and is almost unchanged having been down 100 and in danger of closing below its daily Boll (20, 2) band.

The ES has been trading tick for tick with the DAX since early today and with the big bounce in the DAX and Italian bonds.... all is safe for now.....

It could have been ugly with a REAL 'get me out' trade as Europe is closed on Friday and Monday..... but it did not happen and the European markets are now closing with nice hammers.

-D

[Cobra]

100% Measured Move target.

[uempel]

There is a good signal on the 10 min set for noon - quite precise. I closed positons in the early morning, I'll not be doing anything today because we'll be away for 4 days - the lady wants a nice spa and I need lots of sleep

But the 12:00 signal is good, I'd be very surprised if it does not work out.

[SWalsh]

today is kinda strange, the gap did nothing. any thoughts?

It is / WAS all about the DAX and Europe - the DAX staged a STORMING comeback today and is almost unchanged having been down 100 and in danger of closing below its daily Boll (20, 2) band.
-D

I wonder how much algo activity takes place there. I have read they are trying to restrict them, which means someone with brains sees the nightmare of computers given free reign.

[Al_Dente]

Nobody likes the “””bounce””” in gold
GLD = no bats trades in 14 min; no volume [edit: sorry, no bats trades in DGP, DGP]
All the volume is in the SLV “”””bounce””””