07/16/2014 Live Update

[Out of Bounds]

very narrow range so bias still up the trade can be trade the breakout failure though (i.e. wait for the breakout then pray it to fail then short).

Prescient

[BullBear52x]

"Douglas Kass ‏@DougKass 1h
for the hills.
Hills=Cash.
As I write the only certainty is the lack of certainty."

is that his 10^1,000 "generational top" call or just his standard top call? I can't keep up...

FWIW IMO that guy is a waste of perfectly good O2

http://www.ritholtz.com/blog/2014/07/3- ... ion-calls/

it's different this time.

How come all of these "experts" have all the answers yet their performance is either unpublished or underwhelming? I only know what my P&L shows and I dont even trust that.

But they sound good do they?

[MrMiyagi]

Russell 2000 sure sucks, what is in it that can't stay up when the rest of the market does?

[fehro]

SPX 15m

[taggard]

But they sound good do they? [/quote]

Just an opinion (i don't follow kass) here are two important things for most people (1) the idea they can "understand" the story-philosophy-idea-theory etc. (2) generally the sense of confidence in the person putting out the idea or what have you. What people fear the most is ambiguity . . .lack of clarity. So any absolute no matter how weak is preferable to being clueless for most people.

"ambiguity has a face. . .and you must make a friend out of ambiguity. ambiguity and cluelessness are your friends. if they are not they are enemies to be feared. they are truly enemies."

So from cancer to money management life is going to put you in some odd situations and if you for for the party line history tends to show you later that that idea was at the very least incomplete and often totally wrong. The problem is how to accept and use this fact in real time in our lives. a final note in my experience most people develop some sense of "looking directly at the thing as it is" in their chosen profession or in some side interest or hobby but very few are able to generalize this to most things they encounter. so perhaps as traders we handle that ambiguity but not so much in the sense of medical or other areas.

bottom line? it's not just Kass or other hotshots--it's a need to come to some conclusion without actually "getting lost in" the situation involved which is often fairly complicated. the best clues often come after in the middle of total confusion if we can totally chill in that confusion.

good luck to all

[MrMiyagi]

!!! POWER HOUR !!!

[Cobra]

!!! POWER HOUR !!!

[Cobra]

!!! POWER HOUR !!!

[Cobra]

!!! POWER HOUR !!!

[MrMiyagi]

[grandeG]

let see if we were to closed right here, a hanging man will be something to look out to.

Getting close to closing right there...

[Cobra]

vol surge, rebound here? I'm neutral.

[Out of Bounds]

/NQ broke down

[FlowerGirl]

SPY to 197.21 by tomorrow noon.
I must be loosing my marbles talking to totally non receptive audience.

[fehro]

SPY to 197.21 by tomorrow noon.
I must be loosing my marbles talking to totally non receptive audience.

don't worry after another whopping 8 point move on the SPX ... we are all loosing our marbles

[Daniel]

KRE struggling today, fresh LOD. KBE as well. Yet homebuilding, sometimes correlated w regional banking, is having a strong recovery day.

[tsf]

SPY to 197.21 by tomorrow noon.
I must be loosing my marbles talking to totally non receptive audience.

Thank you, FlowerGirl.
Hey, I lost my marbles last night working on your decoding brain tease.
Well. I guess no career for me at NSA.

[BullBear52x]

let see if we were to closed right here, a hanging man will be something to look out to.

Getting close to closing right there...

yesterday evening star with confirmation, well, lets top it with hanging man shall we?

For bears, fail rate is very high, bummer!

[FlowerGirl]

Hey, I lost my marbles last night working on your decoding brain tease.

Yesterday was easy one; 5 blocks @ 501283, 1@ 1002566(2x) , 1283 =
Double block = Double top ?
I have nothing to loose. I don't believe in this crap

[Cobra]

members only update at 3:46 pm
http://www.cobrasmarketview.com/2014/07 ... ay-update/