08/14/2018 Live Update

[Cobra]

members only update at 12:00 pm
http://www.cobrasmarketview.com/2018/08 ... ay-update/

[Cobra]

now i see ascending triangle so in theory bias still is up.

[Trades with cats]

[te_fern]

Moving up toward yesterday's high.....

[Trades with cats]

That breakout was worthless. Looking like a very slow afternoon.

[Al_Dente]

ATH on $SML
not yet on IWM, nor $RUT

[Trades with cats]

After yesterday's reversal at the top waiting for this flag pole and pennant to play out seems boring.

[Trades with cats]

Bargain hunters moving their buy orders up to the bottom of the range. Looks like sellers worrying they will miss out bring theirs down some.

[Trades with cats]

Indicators still say down, somebody needs to tell the market

[Trades with cats]

Trying to stay off twitter as it usually isn't helpful. So needless to say Coolbiz got out of his shorts this morning. He is in Cali, so add 3 hours.
Covered short at 2830.80, price action is not very clear. It will clear up in a bit more time, will reconsider.

6:43 AM - 14 Aug 2018

And this, which is what drives everybody crazy about wave practitioners (the alternative count).
The high at 2843.40 was a high for a Sub-minuette iv. Its correcting in a Wave (ii) towards original area of 2845-2850 here from the low at 2819.88. It should turn down from the range, unless it decides to extend higher, market rules at all times.9:52 AM - 14 Aug 2018

[QED]

Reverse POMO tomorrow: ~$23 Billion ... (T-Notes and T-Bonds)
https://www.newyorkfed.org/markets/soma ... dings.html

[Shaishen]

Trying to stay off twitter as it usually isn't helpful. So needless to say Coolbiz got out of his shorts this morning. ...

I keep a separate tweet feed during RTH (lurking activity)- only a handful of people incl coolbiz. I struggle with Elliot mainly because subconsciously I think it is something like moon phase voodoo trading. Coolbiz proves it works so I keep going back trying to enlighten myself.

There is another guy who tweets (less than coolb) about his trades with the Wyckoff concept. Seems to enter into my brain somewhat easier.

.

[QED]

There is another guy who tweets ... about his trades with the Wyckoff concept.

Who do you follow regarding Wyckoff? Thanks!

[Shaishen]

There is another guy who tweets ... about his trades with the Wyckoff concept.

Who do you follow regarding Wyckoff? Thanks!

at GeorgeWegwitz ‏

.

[Trades with cats]

I stick with my sheet music analogy. Elliot Wave is a notation method but it takes more than reading the notation to be able to "play" the market with it. It has strong appeal as it seems to be a system of relationships that tick most of the boxes. But reading it and forecasting with it are two different things.

Anyway I get a kick out of Coolbiz trying to make $300,00 this month. Going to be fun to watch.

[Al_Dente]

HAPPY HOUR

[Cobra]

so far it's a rising wedge. just info, no trading value. the call for bias up was right though.

[Cobra]

members only update at 3:30 pm
http://www.cobrasmarketview.com/2018/08 ... ay-update/

[Cobra]

members only update at 3:46 pm
http://www.cobrasmarketview.com/2018/08 ... ay-update/

[Cobra]

well, guess that's it for today. Wednesday tomorrow has been mixed. thank you guys I'll see you in another thread soon.

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