10/11/2013 Live Update

[Cobra]

If you're StockCharts member, please do me a little favor by "vote" and the most importantly "follow" my public chart list HERE. 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.

• Please, again, all my calls in the daily live update is for intra-day only, they're absolutely invalid when the closing bell rings. If you're interested in the forecast for days and weeks, Please subscribe my Daily Market Report.

• Personal attack on any board members won't be tolerated. Please limit your topic to trade related only.

• Please no direct link to your personal web site or blog. You must post rich contents here. You can, however, put link to your personal web site or blog as your signature.

• I'm very busy during the trading hour, so your question posted on board might not be answered. For a guaranteed answer to your question please send email to [email protected].

========================================================================================================================================================================

Hold inside the blue lines, then it's bull biased, decisively drop below the lower blue line, it's small double top. Let's see.

[Cobra]

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

[wayne0708]

Will the high be tested, the key is at the 61.8% fib level.

[wayne0708]

If market decides of a higher low in near future, may be target is in chart below.

[Cobra]

ChiOsc too high, so might see pullback somewhere. $SPY
https://stockcharts.com/public/1684859/ ... /270746663;

[wayne0708]

ChiOsc too high, so might see pullback somewhere. $SPY
https://stockcharts.com/public/1684859/ ... /270746663;

has not hit the extreme line yet.

[Cobra]

ChiOsc too high, so might see pullback somewhere. $SPY
https://stockcharts.com/public/1684859/ ... /270746663;

has not hit the extreme line yet.

What? It's way above the red line. Where's your extreme line? You had me double check the chart, I thought I posted wrong link.

[Cobra]

range and 100% mm I don't believe (although I hope).

[quientuves]

Cobra, something must be wrong... that's what i see in the link...

[Cobra]

some people prefer numbers, so here it is.

[Cobra]

Cobra, something must be wrong... that's what i see in the link...

I see. it's stockcharts' problem.

here's the chart.

[fehro]

SPX 60m... one more gap to the upside to be filled... and we are right under it... for the bulls.. could be at a invs H&S neckline... with RS to take us back to the green/purple trend line next week... then if it forms and pops the neckline and holds... target new highs at 1745.

[Cobra]

this bull has legs. target possible.

[fehro]

DOW tagging it's 50day SMA... VIX not quite

[Cobra]

members only update at 10:12 am
http://www.cobrasmarketview.com/2013/10 ... ay-update/

[fehro]

DOW daily.. possible H&S.. but much higher.. then just a trading range from the neckline to the highs..

[Mr. BachNut]

Neutral.

My summation signal is down. If the bull keeps going, it could turn up as soon as Monday.
My composite trend signal is down. Yesterday repaired a lot of technical damage, but bulls have to do a lot more to turn this.

I was long the Dow and short the VIX yesterday for a counter trend bounce.
Targets were reached, and I elected to close the positions...too soon judging by this mornings action.
While the rally is strong, it is still too soon to call a trend change based on my signaling (which by nature is slow).
I have no equity setups in play today. So, I'll be taking the day off to work on some other things and enjoy some nice fall weather.
Have a great weekend all.

[smith]

Here is the weekly chart i've been following.... pretty much shows the same thing

DOW daily.. possible H&S.. but much higher.. then just a trading range from the neckline to the highs..

[Darkmatter]

Hope everybody is having an absolute blast these 2 days like I am! Cheers.

[wayne0708]

Hope everybody is having an absolute blast these 2 days like I am! Cheers.

Cheers