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03/30/2012 Live Update
Posted: Fri Mar 30, 2012 9:02 am
by Cobra
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Gap up above yesterday's high so chances are the gap won't be filled.
The Global ES is testing the resistance, I believe the rebound is at least 2 legged.
Re: 03/30/2012 Live Update
Posted: Fri Mar 30, 2012 9:15 am
by proteus46
First bump in the road for SPY --> 141.06
Re: 03/30/2012 Live Update
Posted: Fri Mar 30, 2012 9:21 am
by ZimZeb
Re: 03/30/2012 Live Update
Posted: Fri Mar 30, 2012 9:27 am
by KENA
ZimZeb wrote:spx033012fd.png
Interesting way to look at it..Looks like per your chart we can still expect some choppy mkt and more dn short term.??
Re: 03/30/2012 Live Update
Posted: Fri Mar 30, 2012 9:31 am
by Cobra
the open.
Re: 03/30/2012 Live Update
Posted: Fri Mar 30, 2012 9:36 am
by BullBear52x
Negative day on TRIN. rock on ha? damage is already done, let see.
Re: 03/30/2012 Live Update
Posted: Fri Mar 30, 2012 9:40 am
by KENA
BullBear52x wrote:Negative day on TRIN. rock on ha? damage is already done, let see.
Re: 03/30/2012 Live Update
Posted: Fri Mar 30, 2012 9:42 am
by KENA
KENA wrote:BullBear52x wrote:Negative day on TRIN. rock on ha? damage is already done, let see.
I am thinking on the bullish side,but lets see.
Re: 03/30/2012 Live Update
Posted: Fri Mar 30, 2012 9:43 am
by ZimZeb
KENA wrote:Interesting way to look at it..Looks like per your chart we can still expect some choppy mkt and more dn short term.??
The cycle bottomed yesterday afternoon. If you believe in alternation, the previous low's late arrival would argue that a premature low makes sense this go round.
Re: 03/30/2012 Live Update
Posted: Fri Mar 30, 2012 9:58 am
by L_T
Cobra could you please review a 5 minute chart of BBY for me and tell me what you think? I went short yesterday at the close because of their breakdown and so far things are working out.
I'm seeing down then sideways which I've learned from you usually means the trend down will continue. Thanks for your work here.
Re: 03/30/2012 Live Update
Posted: Fri Mar 30, 2012 10:04 am
by Cobra
nothing to say, QQQ is a little bit weaker.
Re: 03/30/2012 Live Update
Posted: Fri Mar 30, 2012 10:07 am
by Al_Dente
Nyadv opened >2000 then gave it up rather quickly, not a good sign for bulls, then back up and touched 2000, now 1800 ish.
I can’t trust the bulls until adv stays above 2000.
PS: can someone give me an update: is today the last day of “window dressing” or what?
Re: 03/30/2012 Live Update
Posted: Fri Mar 30, 2012 10:08 am
by Cobra
a little bit support here for AAPL.
Re: 03/30/2012 Live Update
Posted: Fri Mar 30, 2012 10:09 am
by BullBear52x
L_T wrote:Cobra could you please review a 5 minute chart of BBY for me and tell me what you think? I went short yesterday at the close because of their breakdown and so far things are working out.
I'm seeing down then sideways which I've learned from you usually means the trend down will continue. Thanks for your work here.
close 50 stores and lay off? what? my wife like to shop there.
Re: 03/30/2012 Live Update
Posted: Fri Mar 30, 2012 10:15 am
by L_T
BullBear52x wrote:L_T wrote:Cobra could you please review a 5 minute chart of BBY for me and tell me what you think? I went short yesterday at the close because of their breakdown and so far things are working out.
I'm seeing down then sideways which I've learned from you usually means the trend down will continue. Thanks for your work here.
close 50 stores and lay off? what? my wife like to shop there.
They are a showroom for everything people actually buy online. Plus those mega stores are too big---cost per square foot to run them too high.
That didn't have anything to do with my trade though. Strictly chasing a breakdown.
Re: 03/30/2012 Live Update
Posted: Fri Mar 30, 2012 10:23 am
by Petsamo
It's JBTFD day, right? So, who's buyin what?
Re: 03/30/2012 Live Update
Posted: Fri Mar 30, 2012 10:26 am
by SWalsh
ZimZeb wrote:spx033012fd.png
Did you go back 30 trading days and look at that cycle? I'm not sure I see it being there if worked backwards.
Re: 03/30/2012 Live Update
Posted: Fri Mar 30, 2012 10:26 am
by valry777
hello,can help...
what meen this abriviatura:PPT,TA,PM,ZH,LTRO,TBFT,CRB maybe you know more?
is often used in this site and other.
thanks.
Re: 03/30/2012 Live Update
Posted: Fri Mar 30, 2012 10:27 am
by Denali92
Bears seem to have a chance here - AMAZINGLY - we had followed last Thursday - Friday's pattern pretty well....
Today, the gap up failed (unlike Monday) and if the Bears can press their advantage we may see weakness in to early next week....
ALL of the DIP BUYERS have come in on early weakness - maybe that is still the case.... but most of the time it has occurred when we have opened with a gap down or basically unchanged. I follow the MID fairly closely and this is the first UP GAP since the 15th of Feb that faded so badly so early on - that could bring a test of yesterday's lows later....
-D
Re: 03/30/2012 Live Update
Posted: Fri Mar 30, 2012 10:27 am
by jimme
GM All,
Adding to long POT 45 calls right here. I am bullish right to 1440 on the SPY. Good luck to All and I hope some of you join me before we arrive at the target. Carryon! jimme