04/24/2012 Live Update

[Petsamo]

Big boys buying

[Ed02]

pullback as expected. now if bulls could consolidation here, then they have chances. let's see.

Cobra, seems Bulls have poked above (instead of consolidation). Is that bearish?

[Cobra]

too late to draw the chart, target $137.56, 60% chances.

[Petsamo]

Richmond Fed Mfg gave good news; actual = 14, expected = 8

Sell the rally anyone?

[Cobra]

target reached.

[Cobra]

this sudden largest bull bar could be an exhaustion bar, we'll see. besides, bulls have 6 (+ the current one is 7) green bars in a row, usually a pullback is due unless we're bottomed already. so the low was in or not, we'll know today.

[CarlosDK]

SPY backtesting it , that is bearish right Cobra ?

[Al_Dente]

PAGING freestockcharts.com
Beware spy 5min sticks are wrong (just me??)

[TraderGirl]

this sudden largest bull bar could be an exhaustion bar, we'll see. besides, bulls have 6 (+ the current one is 7) green bars in a row, usually a pullback is due unless we're bottomed already. so the low was in or not, we'll know today.

If we consolidate here, what could the next target be?

[Cobra]

my wife's car was hit by someone on the back, now need to pick her up at the body shop, and also tomorrow to pick up the car. so talk to you later, maybe in an hour.

[Al_Dente]

IBM board approved increase 13% dividend; $7 bil stock repurchase
sqz

[uempel]

This little cycle has proven to be reliable for several weeks now, it points to 12:30 pm

[Cobra]

this sudden largest bull bar could be an exhaustion bar, we'll see. besides, bulls have 6 (+ the current one is 7) green bars in a row, usually a pullback is due unless we're bottomed already. so the low was in or not, we'll know today.

If we consolidate here, what could the next target be?

I doubt we'll consolidation here because this looks like a bump and reversal pattern to me. got to go.

[gappy]

PAGING freestockcharts.com
Beware spy 5min sticks are wrong (just me??)

Not here

[Al_Dente]

PAGING freestockcharts.com
Beware spy 5min sticks are wrong (just me??)

Not here

thanks gap, my spy is still hinky
PS: the regionals KRE are stronger than the KBE banks
that doesn’t happen all that often (?)

[uempel]

I'm so sorry for BachNut, our friend might have to skip his lunch again : signal is set for 12:30 pm

[HuyVanLang]

I think bull has leg this time. Thinking about going long.

[TraderGirl]

I think bull has leg this time. Thinking about going long.

We have a turn date this week of Wednesday, so since we are going up into that date, we should be headed down soon....

Wait....

[uempel]

I think bull has leg this time. Thinking about going long.

Of course you might be right - but if I weigh the odds I believe the bears have upper hand at the mom. So many indicators suggest further weakness. I'm not long unless 1392 is busted and that's far, far away.

[gappy]

I think bull has leg this time. Thinking about going long.

We have a turn date this week of Wednesday, so since we are going up into that date, we should be headed down soon....

W

spx.png

ait....

From Pretzle Logic