05/02/2012 Live Update

[KENA]

Big Ben's POMO team are the only ones buying.

[Cobra]

my wild-est-est-est guess. we'll see.

[uempel]

PAGING UEMPEL
re BP thread. I always watch for your BP update on disqus
Here’s update on my “lazy man’s” bullish %
But it is all yesterday…..
Strongest was staples (defensives)
Banks were holding up
Materials and oil were bouncy, and if I could only fit gold miners in here, they are bounceable too
http://stockcharts.com/h-sc/ui?s=$BPSPX ... =242965998

Yesterday important BP indices turned up, BPSPX is now just below resistance and has to break strong resistance to go higher. If BPSPX is flat today (or more or less flat), tomorrow could be the day to jump higher. But if BPSPX, BPNYA and BPCOMPQ turn down today I don't see a bullish play for tomorrow...

[btran874]

PAGING UEMPEL
re BP thread. I always watch for your BP update on disqus
Here’s update on my “lazy man’s” bullish %
But it is all yesterday…..
Strongest was staples (defensives)
Banks were holding up
Materials and oil were bouncy, and if I could only fit gold miners in here, they are bounceable too
http://stockcharts.com/h-sc/ui?s=$BPSPX ... =242965998

Yesterday important BP indices turned up, BPSPX is now just below resistance and has to break strong resistance to go higher. If BPSPX is flat today (or more or less flat), tomorrow could be the day to jump higher. But if BPSPX, BPNYA and BPCOMPQ turn down today I don't see a bullish play for tomorrow...

I concur.

[Al_Dente]

Overlay; alignment
internals confirm every spy move today

[CarlosDK]

TraderGirl ,, by SEASONALITY ,, FRIDAY , MONDAY and TUESDAY most bearish days in May.

[uempel]

Bye guys, I'm off for a jog and some food, I'll be back before the close.

[Cobra]

so far goes as planed.

[cougar]

Trading $AAPL ..Now short again. Chart later...

[kamukak]

Cobra re you still expecting a higher high 1427 roughly before the 6.5% pullback starts?

[Ed02]

Cobra, could you comment on GRMN again? What do you think the target of this round could be? Thx.

[TraderGirl]

Bye guys, I'm off for a jog and some food, I'll be back before the close.

5.png

I think the 1390 could be a good support, may reach it by the 7th...

[Cobra]

again goes as planed. aapl could be double bottom or H&S bottom in the forming, so not bad.

[tiki]

Hi Cobra-

I'm a subscriber and just had a quick question for you regarding the High-to-Low 6.5% pullback you have in your evil plan that you mention has 100% occurance since 2000.

in that 100% occurance rate, within which months had it historically happened? I guess I'm wondering what the "deadline" could be for it to take place.

Also, are there any other reasons why you expect such a pullback other than that is has occured in the past around this time of year?

Thanks!

[TWT]

SPX: The impulsive wave (5) option is dead. I expect more short term weakness

[Cobra]

Hi Cobra-

I'm a subscriber and just had a quick question for you regarding the High-to-Low 6.5% pullback you have in your evil plan that you mention has 100% occurance since 2000.

in that 100% occurance rate, within which months had it historically happened? I guess I'm wondering what the "deadline" could be for it to take place.

Also, are there any other reasons why you expect such a pullback other than that is has occured in the past around this time of year?

Thanks!

check here: http://www.cobrasmarketview.com/2012/04 ... k-rebound/, read the chart carefully on the 2 exceptions, how late it occurred. I cannot talk this here, and please if it's something about big picture other than day trading, ask me via mail or you can comment at the main site, I'll sure see your question but ask here, no guarantee it'd be answered. thanks.

[tiki]

Ahh thats what I was looking for- no problem.. thanks Cobra

[Cobra]

Cobra re you still expecting a higher high 1427 roughly before the 6.5% pullback starts?

higher high is a question now.

[Cobra]

Cobra, could you comment on GRMN again? What do you think the target of this round could be? Thx.

What did I say about GRMN the last time you asked? I didn't say anything bad about it, did I? Let me know the feedback so that I'd know if I call it right or wrong.

I think now it's time to book some profit and set a good stop loss to make sure you don't lose money then wait. I don't have target, need a pattern. I think the pullback if any most likely is a buy.

[TraderGirl]

txn...looks like it could be in a bear flag...