02/24/2014 Live Update

[koolblue]

Anatomy of a short term scalp against the trend! and the possible exits...

[ALdaytrade]

Back involved now that the kids are back in school!!!

Small turn is due - NOTE THURSDAY IS A KEY DAY!!!

http://www.cobrasmarketview.com/2014/02 ... ay-update/

-D

Well, thank you for the great information.

[DellGriffith]

Some SPY observations:

SPY bottomed a couple of weeks ago in a pierce of its lower BB.

Rallies that ensue off of such bottoms are numerous. This one is getting long with 8 days up. I looked at SPY from January 1st, 2007 to the present. I count 35 rallies that fit the current scenario. ALL of them, 35/35, either did not end before piercing the upper BB, or came EXTREMELY close to doing so (and there were only 4-5 that were such "near misses").

I could NOT find a SINGLE case where such a rally topped out in the middle of the BB, like where we are now.



I think the minimum target is 186 on SPY. However, in several cases the rally kept going beyond the first pierce of the upper BB. What I can say is a top right NOW has not happened in this setup in the past 7+ years.

Minimum target has been reached. We can still go higher, but history is now 36/36 on this trend.

[Cobra]

lunch time, will be back. it's first touch of EMA20, wait for H1 or H2 to buy.

[ALdaytrade]

Back involved now that the kids are back in school!!!

Small turn is due - NOTE THURSDAY IS A KEY DAY!!!

http://www.cobrasmarketview.com/2014/02 ... ay-update/

-D

Well, thank you for the great information.

Why don't you post your information so that everyone can view it?

[koolblue]

There it is folks.. thats my exit.. 1854.00 cause i want ahead of the 261.8 at 1853.50.. 2.25 handles profit ..

[uempel]

Denali92, you are far too modest. Why don't you say so: your kids were in Sochi and they won two medals for the Alaskan Team! Congrats

[uempel]

Update:

[TraderGirl]

Anyone own HPQ??

[uempel]

Bullish Percentages (intraday) are still pointing upwards:

Monday Intraday: BPNYA +1.16%, BPCOMPQ +1.07%, BPOEX +1.52%, BPSPX +1.69%, BPNDX +1.32% - only BPFINA and BPINDU are flat.

[uempel]

Anyone own HPQ??

I guess everybody is having lunch ...

[BullBear52x]

SPY intraday = Buy.

a clean break out with positive histogram, new line in sand is at 185.75, bullish trend is confirmed above here.

It is what it is.

[TraderGirl]

Who eats lunch anymore??

Anyways...HPQ bulls should beware of a possible "A" wave to the downside... How far it retraces for "B" is unknown, but this "potential" wave count suggests price gets down below "A" at some point....so could go to $9 or $10 at some point...

At that point perhaps HP would be a longer term buy??

[BullBear52x]

Anyone own HPQ??

Buy the dip

[Cobra]

members only update at 2:00 pm
http://www.cobrasmarketview.com/2014/02 ... ay-update/

[uempel]

Update:

[TWT]

$SPX: Another potential EW count

[Nrsimha]

Anyone own HPQ??

Buy the dip

I have a C&H target for HPQ of around 42.00

I'm in until 10 week crosses below the 20-week (or until it hits 42-ish).

[Nrsimha]

Update:

SPX13.png

Either that or its a bull trap...

[Nrsimha]

TraderGirl:

What's your take on GDX, NUGT, $HUI, etc .... ? Time for a pullback?