07/13/2012 Live Update

[rc1269]

Bears would want to see the MACD here below zero, or bulls will take it to da moon.

MACD histo already turned negative yesterday on the underlying index. no big deal...?

[BullBear52x]

Bears would want to see the MACD here below zero, or bulls will take it to da moon.

MACD histo already turned negative yesterday on the underlying index. no big deal...?

I don't see it that way short term

on SPY the MACD is turning up so that is bullish reversal sign.

[wayne0708]

Bears would want to see the MACD here below zero, or bulls will take it to da moon.

MACD histo already turned negative yesterday on the underlying index. no big deal...?

it's true that crossing up and down could be just noises. May be MACD on hrly needs to be smoothed out a lil bit.

[ZimZeb]

If you're StockCharts member, please do me a little favor by "vote" and the most importantly "follow" my public chart list here: http://stockcharts.com/public/1684859. You need "follow" only once but vote can be done everyday, so whenever you have time, please vote for me, thanks!
If you're not StockCharts member, you can also help boosting my rank by clicking the link once everyday: http://stockcharts.com/public/1684859, thanks!

With all the traffic here daily, I was shocked that between voting yesterday and (late) today, only 5 other people had voted for Cobra at stockcharts. He really can't make it any easier for us than he does, with the daily opening message that requires all of two clicks: the link and the vote button.
Give King Cobra more stimulus!

Thanks to all here who post such great charts!

[MrMiyagi]

Nervous Nellies not wanting to hold. Can't blame them!

[Cobra]

If you're StockCharts member, please do me a little favor by "vote" and the most importantly "follow" my public chart list here: http://stockcharts.com/public/1684859. You need "follow" only once but vote can be done everyday, so whenever you have time, please vote for me, thanks!
If you're not StockCharts member, you can also help boosting my rank by clicking the link once everyday: http://stockcharts.com/public/1684859, thanks!

With all the traffic here daily, I was shocked that between voting yesterday and (late) today, only 5 other people had voted for Cobra at stockcharts. He really can't make it any easier for us than he does, with the daily opening message that requires all of two clicks: the link and the vote button.
Give King Cobra more stimulus!

Thanks to all here who post such great charts!

Thanks. But it's not like just 5 votes. Lots of votes 30 days ago would expire today, so kind of reset a little everyday. Also among 6,000 daily visits here, might be only less than 100 are members of stockcharts, others simply cannot vote.

Thanks again, really appreciate your support here.

[Cobra]

Bears would want to see the MACD here below zero, or bulls will take it to da moon.

MACD histo already turned negative yesterday on the underlying index. no big deal...?

it's true that crossing up and down could be just noises. May be MACD on hrly needs to be smoothed out a lil bit.

I personally only use MACD HIST as momentum indicator. Never use it as buy or sell signal.

[jdow]

Aapl week close, day. drag on QQQ

[SWalsh]

While I know it is not necessary, was there a bit of news today?

If not, since I would guess they know what the public did the day before, it would appear today was the 99th time in a row where they ran the public out. And then they wonder why HFT/Algos grow in percentage of trading.

I have a proprietary oscillator built by a statistician who made a great deal of money with it. I wish I had the rest of the system but I don't know FORTRAN and he can't give it to me as two partners still use it. But I have one oscillator they designed. All day it has been dropping. It's wrong sometimes. But often it tells me that weak money got out to deep pockets. Now that sounds familiar around here.

[Cobra]

well, guess that's it for today. I'm relieved as now paid members finally understand my calls recently are most right, only a day earlier which I actually didn't intend to call yesterday "the low was in", I said "there're some chances" because I see it from the chart, I cannot be always right, otherwise I definitely won't be here posting, so I'm glad for today. As for the next Monday, usually after a big range day, the next day tends to be a small range day. As for the short-term, I'll maintain my short-term evil plan. Thank you guys, I'll see you the next Monday.

[BullBear52x]

Bears would want to see the MACD here below zero, or bulls will take it to da moon.

MACD histo already turned negative yesterday on the underlying index. no big deal...?

it's true that crossing up and down could be just noises. May be MACD on hrly needs to be smoothed out a lil bit.

I personally only use MACD HIST as momentum indicator. Never use it as buy or sell signal.

I use it as oscillator, just that it's more smoother than the other oscillators. if it oscillated on one direction long enough it it would be good indicator for divergences, that's how I use it.

[MrMiyagi]

I say market collapse on Monday.

Sure, why not? Have a good weekend...

[Al_Dente]

THANK YOU COBRA-SAN AND ALL NICE BOARDIES

[Cobra]

Bears would want to see the MACD here below zero, or bulls will take it to da moon.

MACD histo already turned negative yesterday on the underlying index. no big deal...?

it's true that crossing up and down could be just noises. May be MACD on hrly needs to be smoothed out a lil bit.

I personally only use MACD HIST as momentum indicator. Never use it as buy or sell signal.

I use it as oscillator, just that it's more smoother than the other oscillators. if it oscillated on one direction long enough it it would be good indicator for divergences, that's how I use it.

Oscillator basically is momentum indicator. I look for divergence too but don't decide anything on divergence. I just use divergence to confirm my action.

[BlackThought]

voted for u cobra

[KeiZai]

Thanks guys and gals have a great weekend and BB nice to have you back


PS: and special thanks to OUR KING COBRA

[Petsamo]

I say market collapse on Monday.

Sure, why not? Have a good weekend...

Collapse is authorized

[BullBear52x]

Thanks guys and gals have a great weekend and BB nice to have you back


PS: and special thanks to OUR KING COBRA

Thanks Cobra and everyone, have a good weekend.

TA Note: good thing we gone sideways buy low sell high to continue me thinks, bull bars confirmed so far today.

[SWalsh]

I say market collapse on Monday.

Sure, why not? Have a good weekend...

GABBY JOHNSON IS RIGHT!

http://www.youtube.com/watch?v=pus6XF_qh38

[SWalsh]

I say market collapse on Monday.

Sure, why not? Have a good weekend...

Collapse is authorized

Roger that