05/07/2012 Live Update

[cougar]

Disclosure: I'm LEARNING harmonic patterns. Late last week I posted a chart showing crab pattern on SLV but appears my target figures were incorrect . On chart below are the range of targets based on http://www.harmonictrader.com/price_patternscrab.htm I'm still long AGQ (for now) because also long SDS, TZA, SMN

Hello Clark! You are probably using the teachings of Scott Carney… He is very good but uses multiple targets, which can be misleading in the beginning. I use myself such multiples myself. His criteria for “harmonicity” are quite narrow, derived essentially from Fibonacci numbers and ratios. There are many other ways to do it! Try anything that fits the concept…like in acoustics, foe example!
Also: TA is not a science . Therefore nothing is "wrong" since “it cannot be falsified" like concepts and theories in theoretical physics or biology! Whatever works…WORKS…
Good luck to you and Kei-Zai

[Cobra]

aapl update: overshot. http://stockcharts.com/public/1684859/c ... /260183775;

[MrMiyagi]

AAPL has filled the gap from the earnings report on April 25th.
Perhaps a new dawn...

[Cobra]

goog update, not exactly lower low I expected, but my plan is not too bad either, I think goog has chances here. http://stockcharts.com/public/1684859/c ... /265018963;

[Cobra]

potential triangle top, bulls need clear this first.

[Petsamo]

My F just got excited

[MrMiyagi]

My F just got excited

F has a huge short ratio. Good long covering rally could help you there.

In other news, Transports leading up today.

[cougar]

AAPL is ready to fall from the “stiletto heel”…as described by Gucci!
Chart soon!

[victorm]

SPX 1500 here we come!!

Can Fcbook be a catalist? Cobra, what do you think FB impact can make?

[cougar]

AAPL is ready to fall from the “stiletto heel”…as described by Gucci!
Chart soon!

Here it is:

[KeiZai]

Good spot to short IMHO

[MrMiyagi]

SPX 1500 here we come!!

Can Fcbook be a catalist? Cobra, what do you think FB impact can make?

I had written sometime ago when they changed their IPO date that perhaps the shysters would shove the markets lower in early May and ramp it up higher in before they sold the IPO; sheep like to graze when the market is sprouting.

[Cobra]

the bias is up.

[johnnywa]

Looks like we move down,been consolidating to long.

[Petsamo]

My F just got excited

F has a huge short ratio. Good long covering rally could help you there.

In other news, Transports leading up today.

This is how beat up F is:



High numbers mean IWM is strong relative to F.

[MrMiyagi]

Mr T in the spotlight.

[OverUnder]

The market will go up just far enough today and then crash today or tomorrow. The Europe election news was terrible for the markets. If Greece finds a coalition we might get a good pop. I'd buy FAZ first gap fill 21.64.

[Cobra]

good but bulls need clear the blue line above to seal the deal.

[ClarkW]

Sold SMN here, overbought and broke trendline

[KeiZai]

OK thank u baby for pips now u can take SPX with u