10/21/2014 Live Update

[trader2012]

Cobra, the rebound is powerful, and it is already Fib 61.8%, is it possible we don't have another leg down?

[BullBear52x]

Short term is scary overbought now, stick to what works, leave the imagination out. Peace!

[Cobra]

members only update at 3:42 pm
http://www.cobrasmarketview.com/2014/10 ... ay-update/

[Cobra]

Cobra, the rebound is powerful, and it is already Fib 61.8%, is it possible we don't have another leg down?

Check members only update.

[Cobra]

well guess that's it for today. Wednesday tomorrow still is the most bullish weekday. thank you guys, I'll see you tomorrow.

before the close, please take a little time to vote for me, thanks. https://stockcharts.com/public/1684859/tenpp

[MrMiyagi]

dia

[Bman69]

Most of those recent pbars match up with closing prices from last night except the SSO. From watching these closely these particular pbars have a horrible track record. Leveraged pbars don't seem to be too accurate either for future moves. Besides that we've seen these pbars be pretty good indicators but these particular ones I don't trust. Would be suprised if we dip 200 points from here in the next 5 days (avg life of pbar)

[uempel]

Time signal for tomorrow at the opening. If the results of Boeing and Sallie Mae are really bad SPX will shoot to the upside

The attachment iuztr.png is no longer available

And this would be another move up?

ALdaytrade, my comment on Boeing and Sallie Mae was sarcastic. MCD and KO posted lousy results Tuesday and the market is up nearly 2 percent. Check this chart. If dashed blue line holds on Wednesday the move will be to the downside. I'm bearishly biased into Wednesday's opening.