02/26/2013 Live Update

[wayne0708]

Cobra: we met your lower low today.
not by much but it did

that's bad for trade, because it makes betting on the downside not as reliable as when there's no lower low.

so you don't count this as lower low yet? I am thinking of small long here

[fehro]

fehro I like your SPX channel chart. One question, does the 50 ma not provide support even if it breaks through or is the channel break more significant?

seems like the channel and 50 MA are close to equal. Should provide support, but if it does not, I wouldn't be surprised of a very sharp fall.

[TWT]

$SPX: If no short-term reversal here then next support in the range 1480-1478

[TraderJoe]

Heavy Volume so far today

[SigmaEcho]

Hi Cobra,

DAX index.
Would you call this HnS (& island reversal) breakdown?

(fake out or breakout?)

tnx

[KeiZai]

UNG

Not sure if it is a good short because my system want me to buy it right now (and he is more often right than I am ) but I see it corrective so far, full iHnS target is slightly higher, but I am thinking about long crude short NG (if goes back down)

[BullBear52x]

XIV may go all the way to 161.8% at 17.81. I am telling myself, greed kills

[Cobra]

descending triangle text book target.

[jademann]

fehro thanks, good point the 50 has moved up since I last looked. I was thinking it was 1475.

[BullBear52x]

UNG

Not sure if it is a good short because my system want me to buy it right now (and he is more often right than I am ) but I see it corrective so far, full iHnS target is slightly higher, but I am thinking about long crude short NG

NG26.png

NG-26-2.png

Crude-26.png

I got buy on my chart there too for now.

I am 80% in cash. wonder when the candy store will open again.

[KeiZai]

Here we go KaiZei,
If Russell is in ABC OR
We are in 4-A-(3) of major 3.

Likely in ABC but we will know after structure of the rebound, ST bottom is pretty close if not in imo

[TWT]

$SPX: A potential wedge could complete the impulsive decline off yesterday´s hod

[KeiZai]

UNG

Not sure if it is a good short because my system want me to buy it right now (and he is more often right than I am ) but I see it corrective so far, full iHnS target is slightly higher, but I am thinking about long crude short NG

NG26.png

NG-26-2.png

Crude-26.png

I got buy on my chart there too for now.

I am 80% in cash. wonder when the candy store will open again.

hahaa same here can't wait out of swings, looking for some buyings then if the structure will be corrective rinse and repeat

[Al_Dente]

.....

boss I am little panda in yr sidecar
I’m getting positive diverge on the 60min spy, so it might get bouncy…

[nightwolf]

I thought this was interesting

http://www.zerohedge.com/news/2013-02-2 ... rned-about

[loveleo]

descending triangle text book target.

possibly failed again, descending triangles not so reliable?

[BullBear52x]

UNG

hahaa same here can't wait out of swings, looking for some buyings then if the structure will be corrective rinse and repeat

Check out TNA/IWM today's low allowed Pos D to form, no buy strength just yet, watching it like a hawk. hourly chart here.

[Al_Dente]

Oh please
Nyadv 1400
Nydec 1400
Bears get busy
If you don’t short some more shite the bulls will ……u know……

[Cobra]

members only update at 12:04 pm
http://www.cobrasmarketview.com/2013/02 ... ay-update/

[Cobra]

descending triangle text book target.

possibly failed again, descending triangles not so reliable?

Ascending or Descending triangle are my favorite chart patterns to trade.