04/02/2013 Live Update

[TWT]

$SPX: So far the Ending Diagonal project is panning out

[gappy]

GLD way outside the bollinger in the second hour. Should turn up now. Bought some more calls. YM should give back some gains. Not sure if they want to hit the all time high today.

Asia might buy the physical at this level come globex, would help the paper trade. Risk is rest of the weeks econ data which doesn't look too bad. GLTY.

[TraderGirl]

We saw a high on 5/2/11, we saw a high on 4/2/12, will we see a high 4/2/13??

On 4/2/12, we ended the 5th wave of an ending diagonal...today we are in the 5th wave of an ending expanding wedge...a lot of similarities...a pullback at the end of the day would give us a nice wick....??

[Cobra]

nothing to say, other than it hasn't touched the EMA20 blue line for about 2 hours, so it's strong trend day. I'm waiting to see how the rising wedge plays out.

[toddymc]

Would like to see that 123.6 extension target hit before adding any short positions.

[fehro]

AAPL daily. fwiw.

[Heck]

We saw a high on 5/2/11, we saw a high on 4/2/12, will we see a high 4/2/13??

On 4/2/12, we ended the 5th wave of an ending diagonal...today we are in the 5th wave of an ending expanding wedge...a lot of similarities...a pullback at the end of the day would give us a nice wick....??

Overdue for financial accident.
Argentina default court decision and payment due this week...

[TraderGirl]

Also, usually we see a peak in RSI on wave 3 of 3, so it looks like calling a wave 5 is correct...just waiting to see a pullback now...

[Me XMan]

Well I feel lucky today. Closed out my shorts EOD yesterday.
Bulls are looking very good today.

[Me XMan]

Bears gotta go in hibernation IMO. Just do daily shorting only.

Got whacked really hard. Thought they would give the bears a few days for the first time in about 6 months. Lost so much taking bear positions these last 4 years....

[Cobra]

the divergence with RSP is very obvious today. just info, not enough to call bear yet.

[Cobra]

members only update at 11:33 am
http://www.cobrasmarketview.com/2013/04 ... ay-update/

[L_T]

Boring day. Something funny at Barry's blog http://www.ritholtz.com/blog/

http://www.bankofcyprus.com.cy/en-GB/Cy ... e-Banking/

[TWT]

$SPX: If wave III ED is in place the wave (IV) ED potential bottom = 1567-1566

[Mr. T]

"We're Never Going Down Again!!!"

[Me XMan]

That's interesting guess there Master.

members only update at 11:33 am
http://www.cobrasmarketview.com/2013/04 ... ay-update/

[johnnywa]

$SPX: If wave III ED is in place the wave (IV) ED potential bottom = 1567-1566

I like your over throw to 1576-77 then pullback to 1567

[Darkmatter]

PIck yer pleasure.

[Cobra]

revisit the morning high, key time.

[uempel]

I guess we can lean back, smoke cigars and wait until tomorrow noon. I've got a signal which is set for 12:00 p.m. Non-smokers may devour Easter Eggs up to that point