05/21/2012 Live Update

[SWalsh]

So who's selling this upleg?

Not me....even if that is wave 1 down, wave 2 rebounds are known to be vicious events.

[champix]

ha, indeed.

Is there way on this forum to view the posts of only one certain person? like Cobra's only?

I know what you mean - send me a personal message with your email and I will be sure to copy you my messages all the time - that way you can get all my insights to your inbox and avoid the noise so to speak

This is funny !

[Mr. T]

I sold some gold colored chains to the bears - and bought some solid gold chains for myself.

Where's Pat Morita's ghost?

Pretty soon we'll have Zuckerburg's ghost once all the Face-Muppets figure out he took their cash and won't give it back.

[Richarab]

I believe it's one or the other. The down wave count is something the economy, and cities, can't handle, so they are going to try to stop it:

old men can't handle it too, like me, at 83 yrs - Allah Akbar

Consider yourself blocked as you contribute nothing...bye

But Walsh, haven't you put the pieces together? I contribute more than you know - doesn't your beautiful mind see it -?
For it is I that run the HFT machines !!! Yes ! The old man in the desert ! I figured you could have guessed by now - but alas - you haven't -

and I know you are in short positions today and I just hit the switch!!!!

Go check your radar - and ping the machines - it is I! Your nemesis ! Running the machines !!! Cover your shorts cause it's on!

[Cobra]

target, 60% chances. bulls are doing well so far.

[KENA]

Here is a Long term chart for those who would like to look at it and compare with some of their own info..For others don't look..This" Strength "chart has been tending dn for the last few weeks and the red line has crossed the blue and both are crossing the caution line.The chart is showing the mkt in a tending dn trend..If the mkt continues to follow this trend the summer could be bearish with up rallys as usual..

( Chatr by Stocktiming)

[Mr. BachNut]

I am market neutral.
Short was closed Friday for profit as target was hit. Stop never came into play.
The big mistake was that I did not stack the trade a week ago Friday when I got a second sell signal.
I believed the heavy put open interest and the FB IPO dynamics would give me a better entry. Wrong and wrong!
Another reminder to trade what you see rather than what you believe.

Trend is still down but a possible yoyo trade is on deck (up to clear oversold then down to resume/complete trend).
Based on prior times the McClellan Oscilator has been this over extended, there is a case that a local low could land (or landed) Friday, today or tomorrow.
Whether it is a weak bounce or strong one is to be determined.

I suspect that there may be a cluster of sell stops belonging to diehard longs underneath the December highs support area. If so, Mr. Market will seek to clear those before starting a new bull trend.

[Cobra]

aapl target $558.77: http://stockcharts.com/public/1684859/c ... /260183775;

[Cobra]

target reached, so far so good for bulls.

[TWT]

NDX: This could be a wave (4) bounce

[Unique]

Cobra AAPL 520 failed within this wave, waiting for next after 560 retest this week.

[Cobra]

the big picture, don't hope too much, chances are this is just a rebound.

[stucap]

Cobra--

Buy when this hits support? Seems strong.

[Petsamo]

I could go for an all-day rally. We haven't seen one of those in a long time. I haven't sold anything yet.

[Unique]

the big picture, don't hope too much, chances are this is just a rebound.

40% gain so far on OTMs

[ken_d17]

we are approaching downtrend line -- will get there quicker on the q's than spy. i think we will see a turn soon.

[MrMiyagi]

Looks like all the money that went out of AAPL for Facecrook is now going back to the fruit.

[TWT]

EURUSD: If todays lod holds then possible ZZ target 1.2894

[Cobra]

also don't forget AAPL big picture: http://stockcharts.com/public/1684859/c ... /231686385;

[MrMiyagi]

Mr T, quit slacking!