BullBear52x
Posts: 29695 Joined: Tue Feb 22, 2011 3:47 pm
Post
by BullBear52x » Thu May 12, 2011 12:30 pm
The way market acting now, the intraday high will only give a better sell signal. waiting for RSI divergence for the next sell point at intraday high.
My comments are for entertainment/educational purpose only. NOT a trade advice.
StrikePrice
Posts: 770 Joined: Wed Mar 30, 2011 1:27 pm
Post
by StrikePrice » Thu May 12, 2011 12:36 pm
AAPL Bull Flag breakdown...held at gap support.
When AAPL breaks down to fill the gap we'll get the big plunge down.
Attachments
99er
Posts: 3686 Joined: Mon Feb 14, 2011 3:43 pm
Contact:
Post
by 99er » Thu May 12, 2011 12:55 pm
BullBear52x
Posts: 29695 Joined: Tue Feb 22, 2011 3:47 pm
Post
by BullBear52x » Thu May 12, 2011 12:59 pm
No divergence, sorry bears, may wait for the new set up.
Attachments
My comments are for entertainment/educational purpose only. NOT a trade advice.
gabor
Posts: 298 Joined: Mon May 09, 2011 6:16 am
Post
by gabor » Thu May 12, 2011 1:00 pm
How is the volume? Yesterday it was higher than average, isn't it?
99er
Posts: 3686 Joined: Mon Feb 14, 2011 3:43 pm
Contact:
Post
by 99er » Thu May 12, 2011 1:05 pm
99er
Posts: 3686 Joined: Mon Feb 14, 2011 3:43 pm
Contact:
Post
by 99er » Thu May 12, 2011 1:10 pm
gabor
Posts: 298 Joined: Mon May 09, 2011 6:16 am
Post
by gabor » Thu May 12, 2011 1:11 pm
The gap looks quite serious. Is it just my system, or everybody sees it?
gabor
Posts: 298 Joined: Mon May 09, 2011 6:16 am
Post
by gabor » Thu May 12, 2011 1:16 pm
gabor wrote: The gap looks quite serious. Is it just my system, or everybody sees it?
I think we will go back where we came a day before yesterday. Range, which kills bulls and bears!
99er
Posts: 3686 Joined: Mon Feb 14, 2011 3:43 pm
Contact:
Post
by 99er » Thu May 12, 2011 1:18 pm
SPX
61.8%.
Gotta love Fibonacci.
Cobra
Site Admin
Posts: 58855 Joined: Sat Feb 12, 2011 10:29 pm
Post
by Cobra » Thu May 12, 2011 1:23 pm
OK, I'm BACC. As I said more up, now we have a new channel. bears couldn't make a lower low so bulls look good now.
Attachments
Like to read more of my commentaries? Please subscribe my Daily Market Report .
Subscribers can find all the members only posts HERE .
StockCharts members, please vote for me HERE , thanks.
99er
Posts: 3686 Joined: Mon Feb 14, 2011 3:43 pm
Contact:
Post
by 99er » Thu May 12, 2011 1:24 pm
Mr. BachNut
Posts: 2688 Joined: Thu Feb 24, 2011 2:28 pm
Post
by Mr. BachNut » Thu May 12, 2011 1:25 pm
The VIX appears to have made a double top May 5th and 6th. Today's high was a considerably lower high. The SPY also made higher lows May 5, 6 and today.
There is hope for the bulls.
I am seeing a triangle formation taking shape from the May 2 high. Perhaps the resolution of that sets the intermediate term market direction.
BullBear52x
Posts: 29695 Joined: Tue Feb 22, 2011 3:47 pm
Post
by BullBear52x » Thu May 12, 2011 1:27 pm
We got Bulls trap yesterday and today we got Bears trap, can they trap BullBear52x. sell short SSO here, litooo divergence here.
Attachments
My comments are for entertainment/educational purpose only. NOT a trade advice.
Olly Varadi
Posts: 19 Joined: Tue Apr 26, 2011 9:32 am
Post
by Olly Varadi » Thu May 12, 2011 1:27 pm
I sure hope you've got that count right. If bears have a chance, the market needs to go down now. And I mean down, not just wait for the Bollies to catch up.
Cobra
Site Admin
Posts: 58855 Joined: Sat Feb 12, 2011 10:29 pm
Post
by Cobra » Thu May 12, 2011 1:29 pm
should be a pullback of some kind here, then we'll see.
Attachments
Like to read more of my commentaries? Please subscribe my Daily Market Report .
Subscribers can find all the members only posts HERE .
StockCharts members, please vote for me HERE , thanks.
KENA
Posts: 2996 Joined: Tue Feb 15, 2011 1:54 pm
Post
by KENA » Thu May 12, 2011 1:31 pm
OK I missed it..Short covering???Bull trap????Bad news on thur and green day then Fri dn.Lets see???
StrikePrice
Posts: 770 Joined: Wed Mar 30, 2011 1:27 pm
Post
by StrikePrice » Thu May 12, 2011 1:32 pm
Cobra wrote: OK, I'm BACC. As I said more up, now we have a new channel. bears couldn't make a lower low so bulls look good now.
Cobra,
This looks like a 3 push up, yes?
99er
Posts: 3686 Joined: Mon Feb 14, 2011 3:43 pm
Contact:
Post
by 99er » Thu May 12, 2011 1:34 pm
Olly Varadi: "I sure hope you've got that count right."
I'm not an Elliott Wave guy (always mistake a 3 for a 5) but do believe that counts are helpful.
Just another tool, as they say.