03/19/2013 Live Update

[heavenskrow]

Last chart for today, is this count viable for EW?

Es is bouncing off 78.6% fib level while VXX hits new resistance.
taking the 120% profit on VXX calls possibly scalping some SPY

[Cobra]

members only update at 12:22 pm
http://www.cobrasmarketview.com/2013/03 ... ay-update/

[quientuves]

1495 pbar, there we go...!!

Seriously: all this mess for only 20 billion bail of a little country???

I don't think it's about the money...

quientuves

Quote from Paul Tudor Jones, ""All of those very serious economic issues should be largely irreverent to a great operator. Yes, they are interesting to debate, important to know, but always secondary to the tale the tape tells us on a continual basis.""

I always say news are the excuses of the tape... but some are quite naive...

[Cobra]

rebound, but NORMALLY it shall fail. bears at least have another leg down.

[Al_Dente]

next stop will be SeaWorld

where's Shamu?

http://www.youtube.com/watch?v=sR0B8bBOBVw

[L_T]

Looks like SPY has gap support at 153.64. Will that be tested today?

[uempel]

kind like Descending Triangle breakdown, here's the text book target.

cobra, why the second leg(tinted) start from 10:50 low, not from 11:30 high?

because it's descending triangle, not measured move.

thanks

[Al_Dente]

members only update at 12:22 pm
http://www.cobrasmarketview.com/2013/03 ... ay-update/

thanks chief
that gets my vote https://stockcharts.com/public/1684859

[heavenskrow]

VXX profit taken, hope i dont regret it

[Al_Dente]

buy-to-cover-short squeeze just starting
should fail at MAs
but NO ONE knows for sure

[Cobra]

kind like Descending Triangle breakdown, here's the text book target.

cobra, why the second leg(tinted) start from 10:50 low, not from 11:30 high?

because it's descending triangle, not measured move.

thanks

999.png

yes, this is measured move. but I think he asked why I did another way to measure the target.

[heavenskrow]

SPY update

[TraderGirl]

WHERE IS TRADERGIRL?
I miss her

http://www.youtube.com/watch?v=DxHMHrWJ2SE

Right here Was just about to post something....

Anyone long airlines...be careful soon hitting resistance...DAL has ABC complete or almost complete...neg d on weekly RSI....

http://www.youtube.com/watch?v=ltRwmgYEUr8

How about LCC?

Sorry took me so long...had to deal with home stuff...

LCC, the count is not as clear as DAL....could be in 5th wave of C? Broke out of long term channel, but if the other airlines go down...most likely LCC will too, it's very volatile....

[Nage]

kind like Descending Triangle breakdown, here's the text book target.

cobra, why the second leg(tinted) start from 10:50 low, not from 11:30 high?

because it's descending triangle, not measured move.

thanks

999.png

different starting point, same ending position. interesting. thanks

[BullBear52x]

next stop will be SeaWorld

where's Shamu?

there he is I have too much time, gtg

[TraderGirl]

TG: I'm liking the move in $SOX!

Me too

[Al_Dente]

Ok now let’s make sure a little flag doesn’t turn into a buy-to-cover squeeze

confirmed. I am going for a walk.

Thx boss
Always makes me nervous when we r on same page
(u shark; me trend follow)
pls post more charts when u return from walk

[uempel]

TG: I'm liking the move in $SOX!

Me too

So glad you are back

[Cobra]

different starting point, same ending position. interesting. thanks

No, descending triangle target was fulfilled way earlier.

100% MM target was just fulfilled (missed a few cents but I count it as fulfilled).

[TraderGirl]

TG: I'm liking the move in $SOX!

Me too

So glad you are back

Thank you uempel!!