05/01/2012 Live Update

[garygld]

Cobra, AAPL is rebounding somewhat, like you said. Options expiry may interfere by Thursday, so maybe this would appear as failed rebound, symbolically speaking? If happens a lot earlier, may be more overall trend? (Evil Plan)

[victorm]

I don't see news that warrants this excitement

Petsano, you'd better follow the news that can move market up or down huge, like PMI. I'm using this http://www.forexfactory.com/

[Mr. T]

We're never going down again!!!!!! [sarcastic]

SkyNet is back in control! [rolls eyes]

Remember the moon is that way [points up]

[holds nose and counts money]

[Petsamo]

TraderGirl predicted a big move yesterday. She was unsure of the direction. What we have now qualifies as a big move IMO, even if it retraces.

inside day yesterday...confirming the breakout to the upside...this move should continue higher.

Go tell my F that

[TraderGirl]

Wow, what a move, has anyone seen anything like that before?? Not even a chance to add to positions...just zoom!

[Petsamo]

I don't see news that warrants this excitement

Petsano, you'd better follow the news that can move market up or down huge, like PMI. I'm using this http://www.forexfactory.com/

Nice link ... but ... news that came out at 10 am was not extraordinarily exciting

[jarbo456]

TraderGirl predicted a big move yesterday. She was unsure of the direction. What we have now qualifies as a big move IMO, even if it retraces.

inside day yesterday...confirming the breakout to the upside...this move should continue higher.

Go tell my F that

wasn't an inside day for F...

looks like a breakdown of a bear flag...maybe a revisit to the lower flag trend line...but definitely heading lower IMO.

[TraderGirl]

Wow, what a move, has anyone seen anything like that before?? Not even a chance to add to positions...just zoom!

That's Venus in action...she makes the market go up!!

[Cobra]

Cobra, AAPL is rebounding somewhat, like you said. Options expiry may interfere by Thursday, so maybe this would appear as failed rebound, symbolically speaking? If happens a lot earlier, may be more overall trend? (Evil Plan)

aapl update, the rebound so far is not enough, so still could fail eventually: http://stockcharts.com/public/1684859/c ... /260183775;

[Mr. BachNut]

Long. I had been holding a partial short too but that spike just snapped my stops. Still bracing for somewhipsaw but welcoming the strength.

[gappy]

is freestockcharts.com loading for everyone?

mine is down

"service is unavailable" here

charts up now

[SWalsh]

OOPS...Dupe post....need more coffee.

[Cobra]

nothing to say now, this kind of huge bar could be over reaction, so I'll wait for the dust to clear first.

[Petsamo]

shorts anyone ?

[jarbo456]

is freestockcharts.com loading for everyone?

mine is down

"service is unavailable" here

charts up now

kind of up...mine is still having trouble signing it.

[Al_Dente]

is freestockcharts.com loading for everyone?

mine is down

"service is unavailable" here

charts up now

THANK YOU gap

[gappy]

is freestockcharts.com loading for everyone?

mine is down

"service is unavailable" here

charts up now

oops...still messed up though

[Petsamo]

FCX getting slammed today

[Al_Dente]

yea, mine is still dicking around
I'm half blind without freestk

[Ed02]

Cobra, AAPL is rebounding somewhat, like you said. Options expiry may interfere by Thursday, so maybe this would appear as failed rebound, symbolically speaking? If happens a lot earlier, may be more overall trend? (Evil Plan)

aapl update, the rebound so far is not enough, so still could fail eventually: http://stockcharts.com/public/1684859/c ... /260183775;

Cobra, are you able to give a ballpark target for this rebound now according to the pattern?