10/09/2013 Live Update

[Cobra]

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The FEELING is still missing a revisit of the blue line below. The current pullback isn't big enough to be seen as a revisit.

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2013/10 ... ay-update/

[gappy]

Hightower am blurb, for fun only. glta.

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[stlwater]

Hightower am blurb, for fun only. glta.

gold.PNG

As always, I appreciate the posts.

[gappy]

Hightower am blurb, for fun only. glta.

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As always, I appreciate the posts.

You welcome. Vacation over, time for the Yellen version of the bankster Ponzi.

[fehro]

SPX 5m... tag lower cyan?

[uempel]

Down 0.01 on the SPX - hey, ellipse suggested a nice move for today...

[KENA]

Premkt Dn P Bar now reached..So now lets see what happens.

[fehro]

SPX 60m

[gappy]

From Biiwii.

biiwii.PNG

http://biiwii.com/wordpress/2013/10/09/ ... more-13695

[fehro]

SPX daily

[simpletrader]

spx 1675 is next target for next couple of days to retest. above that........

[Cobra]

members only update at 10:02 am
http://www.cobrasmarketview.com/2013/10 ... ay-update/

[Cobra]

breakdown below tinted area, then back tested it then rollover again, so the bias is down.

[Mr. BachNut]

Short. Profit stops are on.

My summation index signal is down.
My composite trend signal flipped back to down yesterday. While it has been whipsawed a bit over the last week, yesterday's signal was solid and strong.

To my surprise, my summation model produced some oversold readings yesterday. Given where it was on Monday, I figured it would take a few days of selling to hit extremes.
In any case, this starts an exit process for me. Profits will be allowed to run if they run, but a bounce would take me out of the trade.
(Note: sometimes plunges start from oversold conditions. So, want to try and hold position in case things get crashy but not overstay welcome.)
Given the strength of the trend signal yesterday, I would anticipate any bounce to be corrective rather than a turn back up in trend.
So, after exit I'll be looking to reload higher, but we'll have to see how things go.

[stlwater]

From Biiwii.

biiwii.PNG

http://biiwii.com/wordpress/2013/10/09/ ... more-13695

If I had a stockcharts membership I would lay out my case for where we are and why I believe it is the start of the 3rd and final bubble burst (technically speaking) but I don't and I don't like the annotation features in ToS or TC2000 and I'm not buying another stockcharts membership (too many data errors). Suffice it to say, if the following weeks play out according to MY evil plan then my level confidence will go up exponentially and I will trade accordingly. This may be one of the last big opportunities in the medium-term future (or our lifetimes depending on how old you are) to bank some green before this whole ponzi goes up in flames. Let me also say this, provided we trade according to my evil plan in the next few weeks we should see a bottom followed by a powerful rally into Christmas (window dressing) possibly making news highs if the H/S pattern (right shoulder fails) after which ...boom! This president and this congress will be famous for presiding over the biggest stock market crash in history. (speculation only, not a recommendation to buy and stock, etf, or futures contract).

[fehro]

SPX 60m.. tagged channel.. now.. minor bounce here?.. sideways consolidation, range day?... prior to a retest of the green trend line from Nov 2012 in the next few days/week , retest 50 day SMA 1677ish..

[Cobra]

explain how day trade entry goes.

a possible higher low, so if break above the signal bar (pointed by the green arrow), then it's a possible double bottom. may catch a rebound.

[Cobra]

if you kept move your buy stop, the green arrow bar is your entry, congratulations, you've got the double bottom! successful or not, doesn't matter as it's already 1 point above your entry, so partial out and breakeven the reset.

[gappy]

If I had a stockcharts membership I would lay out my case for where we are and why I believe it is the start of the 3rd and final bubble burst (technically speaking) but I don't and I don't like the annotation features in ToS or TC2000 and I'm not buying another stockcharts membership (too many data errors). Suffice it to say, if the following weeks play out according to MY evil plan then my level confidence will go up exponentially and I will trade accordingly. This may be one of the last big opportunities in the medium-term future (or our lifetimes depending on how old you are) to bank some green before this whole ponzi goes up in flames. Let me also say this, provided we trade according to my evil plan in the next few weeks we should see a bottom followed by a powerful rally into Christmas (window dressing) possibly making news highs if the H/S pattern (right shoulder fails) after which ...boom! This president and this congress will be famous for presiding over the biggest stock market crash in history. (speculation only, not a recommendation to buy and stock, etf, or futures contract). [/quote]