05/21/2012 Live Update

[Richarab]

Sell the rip do or don't?

S&P 150MA at 1312.50, looks like it wants to go kiss it again... double top? please say no. if it prints 1313, this thing going for the week!

[MrMiyagi]

On the other hand, a big chunk of volatility seems to have left the market.

[BullBear52x]

Sell the rip do or don't?

S&P 150MA at 1312.50, looks like it wants to go kiss it again... double top? please say no. if it prints 1313, this thing going for the week!

here is some other positive short tern sign.

[Cobra]

not what I'd like to see. here's the wild-est-est-est guess.

Your C&H target is void

no longer valid, need a new pattern.

[Cobra]

not bad, at least one more push up, then we'll see.

[snakehead]

SPX stuck at 1311 and change -- I'm going outside and sit on my lawn and watch the grass grow.

Keep that hopium coming --- there seem to be a lot of it going around today !!

[BullBear52x]

Looks HOD is in, I am hungry.

[Cobra]

key time. bulls need a strong breakout to eliminate the potential bearish pattern.

[Richarab]

Looks HOD is in, I am hungry.

consolidation here is critical
The 8 MA has crossed above the 34 MA on the SPX 30-minute chart which is a bullish market signal
1312.50 150MA is not going to be easy rubicon
but once that blows up. holy hot sauce...

[oldpigwang]

Cobra: When you say "still expecting a retest of the low or lower", mean before the mkt 反弹further?
Or after this Memory day rally？

[TraderGirl]

SPX trying to break out of resistance...but on decreasing momentum...

There is a turn on Thursday, could be down into the 29th....don't think lower low, just a B wave down, then could be generally up into the 6th or so to complete wave 4...IMHO...

Wave 4's have had high volatility....

[snakehead]

SPX trying to break out of resistance...but on decreasing momentum...

There is a turn on Thursday, could be down into the 29th....don't think lower low, just a B wave down, then could be generally up into the 6th or so to complete wave 4...IMHO...

Wave 4's have had high volatility....

Not to mention we are in a bearish lunar period for the next 2 weeks.

[Unique]

aapl testing resistance, key time, I don't think it'd be a problem though. http://stockcharts.com/public/1684859/c ... /231686385

560 target, weekly OTMs at + 250%, Monthlies Otms at +50%...

Reversed too quick, tomorrow gonna be consolidation again...and today probably later sell off re-test mid line of today

[CognitiveDissonance]

Somebody mentioned volatility so I thought I'd post a couple of charts. Sorry been gone for a looooong time.

[Cobra]

I believe I made the 2nd score if you still remember my early wild-est-est-est guess. I don't like this bear bar.

[Cobra]

key support but I believe this is at least a 2 legged pullback.

[snakehead]

Somebody mentioned volatility so I thought I'd post a couple of charts. Sorry been gone for a looooong time.

Am I the only one who thinks that this looks like a retest of neckline after a (reverse) H&S break(out).
Or maybe even (and/or) cup & handle?

[Cobra]

guys, thanks for all the vote and follow and click. I've added 2 additional featured charts today. As long as I'm on the top, I'll keep adding hot stocks there. it's the stimulus package to me. Thanks again! http://stockcharts.com/public/1684859/tenpp

[Claire]

Cobra, are you saying we will have a 2 legged pullback (just a little lower) and then move up again? Have we had the 2 legs up yet? Sorry for needing so much clarification, but I'm a bit lost at the moment. Thanks again.

[Cobra]

Cobra, are you saying we will have a 2 legged pullback (just a little lower) and then move up again? Have we had the 2 legs up yet? Sorry for needing so much clarification, but I'm a bit lost at the moment. Thanks again.

it's already 3 push up with the 3rd push much weaker, so now should be 2 small legs down at least.