05/02/2012 Live Update

[Cobra]

Cobra you said we would reach new highs after today ,, still think we rally up big tomorrow ?

where I said we'd reach new highs after today?

[BullBear52x]

First sell the rip spot on this run down.

[CarlosDK]

Cobra in your daily outlook for markets ,, you said pullback today and then new highs. or SPY 142.

[TraderGirl]

DJT bear flag in the making???

[Cobra]

still this could be C&H, but let's wait for the breakout first, as the chart is ambiguous.

[cougar]

Trading in a triangle, a fall through the triangle would give way to lower prices....

Maybe…but right now I am hedged on SPY: long May (monthly) 139P and short weekly 140P (which should expire worthless in 2 days)

[TraderGirl]

Another breakout attempt....

[Cobra]

breakout, so maintain the C&H target.

[CarlosDK]

Tradergirl Karen st, says tomorrow is a bearish day by planets, you agree ?

[Cobra]

whether this push up could reach the target would determine the bulls fate today, so it's a very critical push up!

[Anaconda]

Cobra,

Still have open gap to 140.65 on SPY. (Aligns nicely with recent p-bar to 140.7) Good probability to fill.

A.

Gap almost closed. Trailing stop on SPY MayWk1 calls at 140.55.
GLTA.
A

PS - Nice to see you back Cougar.

[TraderGirl]

Trading in a triangle, a fall through the triangle would give way to lower prices....

Maybe…but right now I am hedged on SPY: long May (monthly) 139P and short weekly 140P (which should expire worthless in 2 days)

I'm holding longs from the lows, but trading the dips and rips. Looking to get out of all longs around the 11th....then look to buy back around 15/16th and re-assess...

if we bounce into tomorrow, I will sell it, and if we are at a low on Friday/Monday, I will be buying it into the 11th.

[Cobra]

2 bar reversal, wait...

[uempel]

Let's see if the signal is valid:

[Cobra]

I still don't like what aapl looks here: http://stockcharts.com/public/1684859/c ... /260183775;

[BullBear52x]

still sell the rip set up short term.

[TraderGirl]

another failed breakout....

[Cobra]

not looking good, now my 5th call on the downside stands a chance!

[uempel]

Update:

[Cobra]

my wild-est-est-est guess!