Back to www.cobrasmarketview.com |
What do u mean "1 = 5 target"? Sorry if it is a stupid questionCobra wrote:1 = 5 target, well, hopefully. I'm disappointed.
still a good chance we get to 118.10-118.25 area....looks my cover was a good decision.qtipped wrote:i covered for a little profit...thought we were going to bounce off the MA and shoot for today's highs again. guess i'm wrong and now of course it drops more after i covered.
and much like the flag earlier, this looks like it wants to fail on the breakout as well.jarbo456 wrote:i'm seeing more of a triangle on the 5 minute, but i could be wrong.
i made a slight correction on the upper line, and it looks a little better with just more consolidation time.jarbo456 wrote:and much like the flag earlier, this looks like it wants to fail on the breakout as well.jarbo456 wrote:i'm seeing more of a triangle on the 5 minute, but i could be wrong.
It depends on what they will do on close…Usually, there are ways to tell at the beginning of the last hour of trade. But if the atmosphere stays “uneventful”, then YES…I would keep it and maybe I would reduce the risk with a small hedge…waverider wrote:Thanks for the chart. So if you were long you would hold into the close regardless of the movement on the close?cougar wrote:SPY 60 min gave a short swing BUY signal, with simultaneous confirmation (yellow vertical line).
However, as a longer swings player, I stay hedged and wait for a conversion of this signal into a “steady UP” - above 118.
May be some nervousness before tomorrows meeting with Greece.bushwaffle wrote:Feels a little bit that way to me too, but any specifics as to why?proteus46 wrote:Decision time for SDS, right at lunch time on the East Coast.
Today may be the inverse of yesterday....a bear run at end of day, imo.
No offense, but dont u think its a little too slow?? It seems like the recent 2008/09 cross was near when the markets reversed higher...BullTart wrote:Zooming out to the weekly, the 10 and 80 SMAs are crossing over.
That is a pretty big deal- in over 15 years, these cross-overs have never miraculously "crossed back" and have each time signaled a bull/bear market cycle.
If there is any question as to where we are heading in the coming months, this should show you where!
I know we have short trading time horizons here folks, but always good to keep the big picture in mind.
Remember, in Bull markets, Bull market rules apply and things tend to resolve/break to the upside.
In Bear markets, Bear market rules apply and things tend to resolve/break to the downside.
We are entering a Bear market cycle (with this 10/80 weekly SMA crossover) so Bear market rules apply.
Cobra, you are the voice of reason in all the noise.Cobra wrote:there's no turning back for bulls, must advance, because it took only one leg for bear to push the market down but now it's being 2 legs already, bulls still not recovered half their morning losses.
oh wait forgive me, i didnt see the blue line!!! i thought it was the red MA..my bad!!heavenskrow wrote:No offense, but dont u think its a little too slow?? It seems like the recent 2008/09 cross was near when the markets reversed higher...BullTart wrote:Zooming out to the weekly, the 10 and 80 SMAs are crossing over.
That is a pretty big deal- in over 15 years, these cross-overs have never miraculously "crossed back" and have each time signaled a bull/bear market cycle.
If there is any question as to where we are heading in the coming months, this should show you where!
I know we have short trading time horizons here folks, but always good to keep the big picture in mind.
Remember, in Bull markets, Bull market rules apply and things tend to resolve/break to the upside.
In Bear markets, Bear market rules apply and things tend to resolve/break to the downside.
We are entering a Bear market cycle (with this 10/80 weekly SMA crossover) so Bear market rules apply.