01/25/2013 Live Update

[Al_Dente]

GDX is collapsing

125gdx.png

Holy Shat! That's a serious move, now -3%!

clarkie:
I NEVER got a buy from our $BPGDM configuration that we’ve been watching for months
Hence I’ve been dicking around (scalping) DUST all over the place

[Harapa]

I’m not worried about you Doc, as I know you have TIGHT stops and YOU HONOR THEM
I’m not ready for her just yet
[imho: NOT FOR NEWBIES, plus NOT designed for overnight holds, as mentioned a dozen times in the prospectus]

First and most important rule of any mechanical trading system, "Every signal is a winner unless proven otherwise".

[Cobra]

members only update at 11:16 am
http://www.cobrasmarketview.com/2013/01 ... ay-update/

[Cobra]

Cobra ,

As per the usual pattern, this dip should be bought and SPY will rally till the end of the day correct ?

or should we should have alternate plans , like if breaks neckline of DT then can go to xxxx ,oh sorry these things never happen why bother

Don't know, wait.

Today is special, because it's weekly option expiration day. The index option settle price is on open price, not close, so the gap up might be because of weekly index option. After that the trend may resume what it left yesterday, say 50% chances.

[Al_Dente]

Cobra ,
As per the usual pattern, this dip should be bought and SPY will rally till the end of the day correct ?
or should we should have alternate plans , like if breaks neckline of DT then can go to xxxx ,oh sorry these things never happen why bother

Or, it will rally until the end of the world

[Cobra]

now key time for bears. cannot make a new low, then the game is over for them.

[dr659]

now key time for bears. cannot make a new low, then the game is over for them.

Do you mean for bulls?

[Cobra]

$GLD, $GOLD pullback as expected. now key time. if bears can make a decisive new low, then chart is much easy to read
https://stockcharts.com/public/1684859/ ... /124844123;

[ClarkW]

GDX is collapsing

The attachment 125gdx.png is no longer available

Holy Shat! That's a serious move, now -3%!

clarkie:
I NEVER got a buy from our $BPGDM configuration that we’ve been watching for months
Hence I’ve been dicking around (scalping) DUST all over the place

I know, she was close but no cigar. ChiOsc, MFI and RSI on 2 hour chart shows she needs to take a break on the freefall imo, but any move up will likely be another opportunity to snort some DUST

[Cobra]

crude looks good. This bull has legs. $USO
https://stockcharts.com/public/1684859/ ... /125240869;

[Al_Dente]

I’m not worried about you Doc, as I know you have TIGHT stops and YOU HONOR THEM
I’m not ready for her just yet
[imho: NOT FOR NEWBIES, plus NOT designed for overnight holds, as mentioned a dozen times in the prospectus]

First and most important rule of any mechanical trading system, "Every signal is a winner unless proven otherwise".

Pasta rule:
When the market starts dicking around like crazy… consult the honey badger

honey girl.png (235.12 KiB) Viewed 4094 times

[Cobra]

the pullback on $FB indeed was bought, now key time, need a decisive new high otherwise the top was in.
https://stockcharts.com/public/1684859/ ... /289194217;

[TWT]

$SPX: Bears now need a lower high

[Al_Dente]

$GLD, $GOLD pullback as expected. now key time. if bears can make a decisive new low, then chart is much easy to read
https://stockcharts.com/public/1684859/ ... /124844123;

THANKS Chief
What is your faded gold line behind GDX on your lower panel ?

[Harapa]

Pasta rule:
When the market starts dicking around like crazy… consult the honey badger

Whom should I listen to?
VIXies or MOMO or honey badger

Edit: Last post of the day

[Al_Dente]

clark
“””””snort some DUST””””

[Al_Dente]

Pasta rule:
When the market starts dicking around like crazy… consult the honey badger

Whom should I listen to?
VIXies or MOMO or honey badger

inverse vixies m05.gif

Edit: Last post of the day

Boss: TWO EYES
One on SPY/Vixies
One eye always on the honey
[ps third eye must be on the big Snake; that rule is NON-NEGOTIABLE]

[BullBear52x]

I am not saying that it will, but my will

[gappy]

I’m not worried about you Doc, as I know you have TIGHT stops and YOU HONOR THEM
I’m not ready for her just yet
[imho: NOT FOR NEWBIES, plus NOT designed for overnight holds, as mentioned a dozen times in the prospectus]

First and most important rule of any mechanical trading system, "Every signal is a winner unless proven otherwise".

Pasta rule:
When the market starts dicking around like crazy… consult the honey badger

honey girl.png

http://www.youtube.com/watch?v=EIyixC9NsLI

[Cobra]

target on either side, I'm neutral. bulls now are attacking as bears failed to make a new low, however the attack is not strong, so I'm neutral here.