04/25/2012 Live Update

[jessyjamz]

Mr Cobra what is your near term read on $AAPL? new highs and do you see sun $600 again?

[TraderGirl]

We probably pull back here, but we are also looking like we have a double bottom, with a target of new highs...

I'm hoping your astro is on schedule this time TG. Shaken but not stirred on Thursday afternoon for me please.

Although, I think we head to new highs sometime in May, maybe towards May 22nd, I have seen a chart that has us up into next Monday, then down into the 3rd or 4th. I am waiting to see what the turn dates are to confirm this information. If this chart is in fact true, I am assuming it is a higher low, but anything can happen in this market...

[BullBear52x]

Why SMH is not exciting, are they supply parts for I-everything?

bb is there a juiced version of SMH ?

Here's 5min. one, bearish under 5DMA still, want to see >34 before going bullish.

[TWT]

KBE: the EWP suggests that this is a wave (B)

[BullBear52x]

Here's what I got on XLF(to trade FAS) I got update on my blog also. got to run out side.

[Al_Dente]

Yes Al, I looked left and not to the right: it's the guideline zero which is so useful to me. As to your new chart: I have copied it and I'll check it out. But it's like with a beloved woman, I don't like change

Al_Dente, I really like this chart, keep on checking it

3.png

thanks uemp
yup, I gave in and went back to my old tick...

Uemp please comment on the faded grey STO behind the tick, is it useful to you at all for intraday “swings” ???

[nightlyhawk]

Neither I am a bull nor a bear at this moment, but the rally from this morning does not look healthy.

[Cobra]

ascending triangle, not looking bad.

[CarlosDK]

What is the update on AAPL now ?? Cobra where do you think its going?

[TraderGirl]

1392/94 will be difficult to crack

4.png

I agree, if we cannot get beyond it, then we could attempt to break support again....??

[btran874]

KBE: the EWP suggests that this is a wave (B)

You wanna bet on that pattern or you want to bet on my pattern? I'm putting my money where my mouth is. I sure do hope to see 1356/58 again. I think we're not gonna see 1340 or even 1350 for a long time.

[TraderGirl]

Neither I am a bull nor a bear at this moment, but the rally from this morning does not look healthy.

what is your pink line?

[uempel]

Update:

[TWT]

KBE: the EWP suggests that this is a wave (B)

You wanna bet on that pattern or you want to bet on my pattern? I'm putting my money where my mouth is. I sure do hope to see 1356/58 again. I think we're not gonna see 1340 or even 1350 for a long time.

I don´t understend your pattern
what I can tell you is that my reading of the short-term price structures is suggesting that price should complete what is called a Zig Zag = ABC in order to consider a tradable bottom

Price will tell ......

[TraderGirl]

spx...

[uempel]

1392/94 will be difficult to crack

4.png

I agree, if we cannot get beyond it, then we could attempt to break support again....??

Yeah, presumably the bottom will be somewhere down at 1280/1340, but I wouldn't be surprised if these next days are bullish. Dax looks as though it might go a bit to the upside, so do some Asian markets.

[nightlyhawk]

VIX... Most settings from that chart derived from King Corbra's great work over years. It is intended for Swing trade, not day-trading tho.

[Cobra]

show time. 12:30pm ET the rate decision announcement.

[seeyou]

Mr Cobra what is your near term read on $AAPL? new highs and do you see sun $600 again?

more aapl upside .. a buy on corrections..

[SWalsh]

Like nicotine in the 40s & 50s cell phones are an addiction.They give them away with a plan.Dont have to plunk down $ 800 for lap top or desk top.Dont have to buy house just rent..AAPL not a true indication of economy.Appl great company
.You will have to pry away my cell phone from my dying hands before i give it up

I read a study recently where they found using these device was addictive as they were generating a runners high (Dopamine release?) when used.