04/23/2013 Live Update

[Junior Buffett]

I think bull has free ride till atleast 1590 or higher....5 hr. and daily chart is perfectly set up for this move....

[daytradingES]

http://screencast.com/t/P9i7onX7X
GLTA

[flrtrader]

Often in these higher low and lower high scenarios the target is the low/high of the topping/bottoming candle, in this case, SPY 158.54 in the daily time frame. The algo bots may want to hit the hourly time frame which would be 159.25. I think Mr. Miyagi's Pbars might agree. It's certainly an uncomfortable ride when you're weighted short.

Agreed, Kicking myself for jumping out of calls to soon!

[L_T]

Often in these higher low and lower high scenarios the target is the low/high of the topping/bottoming candle, in this case, SPY 158.54 in the daily time frame. The algo bots may want to hit the hourly time frame which would be 159.25. I think Mr. Miyagi's Pbars might agree. It's certainly an uncomfortable ride when you're weighted short.

Agreed, Kicking myself for jumping out of calls to soon!

If you think it's going higher why don't you get back in?

[flrtrader]

Think we are nearing my time window for a ST top... I'm Skeard of giving back my money!!



I'd buy a pull back to 65-67

[Cobra]

this kind of consolidation favors bulls.

[Out of Bounds]

this kind of consolidation favors bulls.

True, but I have to wonder how much more we can go today. Already up over 14 SPY points. How much more in one day?

[TumblingDice]

http://wsj.com/mdc/public/page/2_3022-m ... yflow.html

1) VV
2) SPY
3) AAPL

with all the other major etfs on there somewhere. This looks like a very thin up move, and not the kind of move that triggers a long rally. Looking for a reversal sometime this week.

[Al_Dente]

Goldman closes its gold short, the metal's move back above $1,400 triggering a stop. Still bearish though: "Our bias is to expect further declines in gold prices on the combination of continued ETF outflows ... as well as our economists' forecasts for a re-acceleration in U.S. growth later this year."

[stlwater]

Goldman closes its gold short, the metal's move back above $1,400 triggering a stop. Still bearish though: "Our bias is to expect further declines in gold prices on the combination of continued ETF outflows ... as well as our economists' forecasts for a re-acceleration in U.S. growth later this year."

Watch the hand and listen to my voice. Pay no attention to my other hand.

[Cobra]

overall, since no touch EMA20 for 2+ hours, so the trend is strong.

[MrMiyagi]

[L_T]

983.png

Yesterday's close?

[MrMiyagi]

Yesterday's close?

Close to it, was 156.17$

[Cobra]

members only update at 12:10 pm
http://www.cobrasmarketview.com/2013/04 ... ay-update/

[Unique]

this kind of consolidation favors bulls.

True, but I have to wonder how much more we can go today. Already up over 14 SPY points. How much more in one day?

That's the wrong mentality I think, greed and fear can drive prices up to unbelievable levels.

The fast and furious signal didn't get a confirmation yet, so the market will BTFD until that happens.

[MrMiyagi]

[fehro]

SPX 15m - pink inv H&S target reached 1580ish ... now another yellow invs H&S ... if right shoulder froms.. target 1625!

[uempel]

[flrtrader]

A move out of the SPX 1550/1600 area might be quite impressive - either to the downside or the upside

56.png

Not a recomendation, but do you have a feel?

Thanks