09/04/2012 Live Update

[Cobra]

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Gap down along Friday's low so not sure if the gap will be filled.

As I said last night (actually someone reminded me), it could be a Descending Triangle in the forming on the Global ES, so it's not looking good for bulls. Now (Not sure yet, so bulls are still hopeful) the 2nd attempt on the high might be failed, so we need watch carefully here, because I don't think another try on the thick blue line below would fail again.

[Out of Bounds]

You mean this thing could die? I thought this was science fiction. The bull just kept coming back to life.

[uempel]

This is a weekly BPNYA chart - shows bullish percentage of all issues traded at the NYSE. Chart shows no weakness, This doesn't mean there won't be daily ups and downs, but according to this chart the trend is clear

[uempel]

Hey Cobra, if I'm medium term bullish and you are bearish - is this a personal attack which won't be tolerated by the administrator?

[Cobra]

the open. Sorry, it should be flat open. I mistakenly used the Monday ES as Friday's price.

[Harapa]

Momentum Block Update:
US futures are holding onto buy momentum, however, lack of momentum in currency block as well as a sell in VIX world is of great concern to me.

[Harapa]

VIXIES Update:
VIXIEs moved to buy at 3:30PM on FRI in DT time frame but remain in sell in swing mode.

[Cobra]

Hey Cobra, if I'm medium term bullish and you are bearish - is this a personal attack which won't be tolerated by the administrator?

I think we can vote to decide if this is a personal attack.

[victorm]

Unbelivable, got 400% on CTIC, 3000shares, but.... imposible to cash it out "trade restrictions" are they going to hold it until it come to one $ ?!

[Unique]

SPY consolidation mode for the morning, maybe if we get lucky we can get a run after 1PM

AAPL, looks like a rally in the afternoon(12:30PM onwards) in the making, condition being 665 cannot be decisively broken.

[scout_lt]

Updated crude oil chart supports bearish outlook for global stock indices: http://blog.wavetrack.com/crude-oil-3/

[KENA]

The weekly mkt strength chart is now showing a possible turn dn..Note the red and blue lines,if red crosses the blue then we could have a change and another long term lower hi..This corralates with COBRA's comments that a top may be setting in..Umpel sees all bullish on the home front so now we wait and see what happens..My positions are still on the bull side for short term.GTTA

chart by stocktiming

[Out of Bounds]

ISM at 49.6 - NOT weak enough to have fed drop money from sky

[Cobra]

nothing to say, wait for breakout first, either up or down.

[KENA]

Watch INVN ,still has not broken out as yet.Wait and see.

[Cobra]

you know where to look now. key time.

[TradingJackal]

Wasn't there a par at 140.40?

[Cobra]

global ES is clearer now, indeed it's descending triangle. however, bears travel too long before hitting the thick blue line, so I don't think it'd break through on its first try.

[Unique]

Not much to do today, peace out

[Cobra]

target.