Cobra's Market View

Lookie here, RSI is will tell. is that RSI indicating a mini double top? so long RSI is >50 it's bullish bias. but on 5min. I see H&S and still flirting on upper base line so not too bearish, a trade below 116 is no good, if so, the recent low is in the card. yeah, was looking at the same thing...

BullBear52x wrote:Lookie here, RSI is will tell.

is that RSI indicating a mini double top?

Switched to Tradestation a few weeks back, and haven't been able to short SPY (not on the easy to borrow list). Is this normal for Tradestation? It's frustrating trying to buy an inverse ETF-- they don't correlate very well I'm noticing :( short it using the S&P e-mini, it's very cheap to trade...

BullBear52x wrote:Bear flag

looks like flag breakout on the 1minute.

Europe is celebrating the deal too, oh, wait a minue, may be I should put the chart upside down? :roll: hahah, well said. What is interesting is that it is hard to believe market would even react this way to stupid news like 5Billion buffet etc.. i forget the exact numbers, but i do remember buffet...

Cobra, don't let your pride mess with business. If all the people think you are awesome, all will try to follow you, and it's then when you'll suck. So, it's better this way. We now you are the best or, at least, among the very bests. And it's better for us if this FACT is not recognized by a lot o...

nah. maybe, but i don't see it. next time one pops up on TOS i'll let you know.

varaamo wrote:Thanks jarbo. Looks like we need to use some sophisticated data provider like option express to detect these aberrations.

not at all. sometimes they show up on TOS. i do not know why some ECN's show it or not, but i'm sure it's mechanical in some way.

So as seekingknowledge mentioned, spotting this would be to look at unusually long candlestick tails?. So, in your intraday chart that you posted with this pattern, what timeframe is it showing? Because i checked on TOS platform, 1 min and 5 min charts, but couldn't find this phantom bar. Thanks fo...

Cobra wrote:could be a rebound of some kind here then should be the 2nd leg down, this time it should be for real. let's see.

cobra,

do you have any guidance in terms of how to measure the magnitude of short term counter trends?

jarbo456 wrote:wow. no pause. trying to add more to my shorts with some sort of rebound, but we're getting nothing. dangerously low on the 5 minute RSI though.

rebound around s1 at 116.59.

APPLE is down "only" 1,7 %, it looks they don t need Steve too much they do ....but Tim Cook knows how to run the show. Steve is going to be chairman so its not much of a change. just giivng the day to day ceo operations to Tim! P-bar on AAPL 5 minute chart btw today to 365. Anyone else g...

wow. no pause. trying to add more to my shorts with some sort of rebound, but we're getting nothing. dangerously low on the 5 minute RSI though.

lumeipro wrote:What time is Ben's speech tomorrow?

it's at 10am EST.

for those of you who need a clear concise calendar (though i do not endorse their products): http://www.dailyfx.com/calendar

99er wrote:Paging Tabby...
SPX http://99ercharts.blogspot.com/2011/08/spx_7276.html

massive head-fake? i hope so. need that second hourly to close below.

Europe is celebrating the deal too, oh, wait a minue, may be I should put the chart upside down? :roll: hahah, well said. What is interesting is that it is hard to believe market would even react this way to stupid news like 5Billion buffet etc.. i forget the exact numbers, but i do remember buffet...

strong sell-off here. looks like we've broken down. you still feel there's continuation on the upside cobra?

no test of the breakout because of the large gap up cobra?

i love the BAC/Buffet announcement before tomorrow. piling on all that good news before tomorrow? This is perhaps why the market surged in those days, it's not about the Friday QE3 announcement, market doesn't anticipate QE3 at all because gold was sold off hard. i had come to the view that no matt...

i love the BAC/Buffet announcement before tomorrow. piling on all that good news before tomorrow?