05/10/2012 Live Update

[Petsamo]

Bernanke is speaking

[Al_Dente]

Bernanke is speaking

do u have link
thanks petsamo

[johnnywa]

wow market went to crap quick

[TraderGirl]

Well tomorrow is a turn day and next Tuesday is the Venus retrograde, so I am assuming we start to head down tomorrow into Monday or Tuesday. I am thinking we get a higher low next week, then we could be up into May 20-22nd time frame in a "C" wave, then DOWN!!!!

But since tomorrow is closest to the Jupiter aspect, I am thinking it may not be good to put a short in until tomorrow to see how the market opens, depending on the price action today, and if we complete all of the waves...

[KENA]

The liquidity did drop again yesterday and went below the 4/10 low..This will favor the bears.

[Petsamo]

Bernanke is speaking

do u have link
thanks petsamo

http://mam.econoday.com/

[Mr. BachNut]

Short.
We're due for an up day, but I plan to do nothing as I will be out most of the day.
Shorts have been getting squeezed out daily rather than being allowed to accumulate.
So, I think there is limited rocket fuel to really run away on the upside. Bulls gotta do it on their own.
Technical damage has been done. So, bulls may be more cautious.
While I saw some intra-day oversold states, the closes have been more neutral.
I would like to see an oversold close or a good test of the low with positive divergences before taking in claws and sprouting horns.
Next week gets interesting with opex as the open interest looks overbloated on the put side.

[cougar]

SPY bounce week... shorts covering ~weak ...and WORD of the bernank = vague!

[Mr. BachNut]

I reserve the right to change my mind...

[johnnywa]

Short at 1365,see ya at 1350

[Al_Dente]

anyone else having problems with freestockcharts.com ?

[KENA]

The # of weak stocks went up and the # of strong stocks went dn yesterday,the charts are climbing but not peaking as yet.This favors the bears..Let see what happens.

[DRL]

anyone else having problems with freestockcharts.com ?

Seems OK to me...............
Dr Al, any prognosis on bear / bull for today?

[TraderGirl]

spx?

[SWalsh]

I awoke to The Blue Screen of Death and rebooted. I am 30 days late with Carbonite, which seems to have had problems since they day I read they dropped advertising on Limbaugh. They can't figure why my back-ups are dead slow (it's a slow service to begin with but it's about $60 a year so you get what you pay for).

I didn't hook-up any new hardware. Do these things just happen, or is this a warning about an imminent HD issue? IOW, is there a day my HD will be toast and I'm biding time?

Thanks in advance if you know about this stuff.

[TradingJackal]

Divergence. Maybe we start the next move up.

[Petsamo]

Divergence. Maybe we start the next move up.

Wanna see a move up? I'm about the press the sell button

[TWT]

DOW: Strong or shallow bounce ?

[KENA]

Note the mkt closed at 1354+ which is under the H&S of 1369+/- and below the trend line..Today so far it is still well under..Again favors the bears

[Al_Dente]

DRL
Nyadv must hold >2000 for bulls
Internals mixed
thx