10/17/2014 Live Update

[Cobra]

morning hourly black bar.

[fehro]

/es .. possibly testing long term support from underneath.

[Junior Buffett]

SPX update on the 1 min chart

ertz.png

Uempel, looks like it has broken!! draw new lines?

[gappy]

15 minute.

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[Cobra]

members only update at 10:05 am
http://www.cobrasmarketview.com/2014/10 ... ay-update/

[gappy]

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[uempel]

This is John J. Murphy's Broadening Pattern. So far the market is following the pattern precisely. The intraday volatility this week suggested the pattern might not be viable for SPX' recent moves, but if I look at the closing prices everything is ok and the pattern is valid.

[gappy]

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[fehro]

SPX

[knock]

This is John J. Murphy's Broadening Pattern. So far the market is following the pattern precisely. The intraday volatility this week suggested the pattern might not be viable for SPX' recent moves, but if I look at the closing prices everything is ok and the pattern is valid.

fr.png

not sure why it's precise when 6 was way off? Hope to learn more. thanks!

[Junior Buffett]

This is John J. Murphy's Broadening Pattern. So far the market is following the pattern precisely. The intraday volatility this week suggested the pattern might not be viable for SPX' recent moves, but if I look at the closing prices everything is ok and the pattern is valid.

fr.png

If this pattern is precise, MrMiyagi's open pBar at 1967 may full filled!! implacable success in meeting pBars!!

[fehro]

INDEX Dailies

[gappy]

This is John J. Murphy's Broadening Pattern. So far the market is following the pattern precisely. The intraday volatility this week suggested the pattern might not be viable for SPX' recent moves, but if I look at the closing prices everything is ok and the pattern is valid.

fr.png

not sure why it's precise when 6 was way off? Hope to learn more. thanks!

15 minute.

Capture.PNG

Notice some candles have a tail which overshoots the fib line while the body doesn't. A bad heart valve produces a "flutter" to the main beat. Deviation to the mean, a random walk, digression to the norm. A small expected anomaly and accounted for.

[uempel]

SPX update on the 1 min chart

The attachment ertz.png is no longer available

Uempel, looks like it has broken!! draw new lines?

Warren, here's your chart. Let's hope the breakout is not a trap. If I read the new headline in the NYT I'm speechless: Health Worker Who May Have Had Contact With Ebola Is on Cruise Ship. Honestly, it's unbelievable

[fehro]

SPX 60m/5m .. possible invs H&S setting up on the 60m… but could morph into a triangle….high speculative..

[uempel]

Warren, it was a trap, SPX back in the blue bear flag

[Junior Buffett]

Warren, it was a trap, SPX back in the blue bear flag

Is it 1887 the line in the sand?

Thank you very much for your support!!

[DellGriffith]

The trin rule for marking bottoms actually runs at 100%. Not 75%. Not 90%. Not even 95%. It has a perfect record going back YEARS thru bull and bear markets. If we just bottomed, it would violate the trin rule for pretty much the first time ever.

[Tutti]

The trin rule for marking bottoms actually runs at 100%. Not 75%. Not 90%. Not even 95%. It has a perfect record going back YEARS thru bull and bear markets. If we just bottomed, it would violate the trin rule for pretty much the first time ever.

Hey Dell, what's the sample size of that study? Can you expand a bit more on the constraints? Thanks.

[DellGriffith]

The trin rule for marking bottoms actually runs at 100%. Not 75%. Not 90%. Not even 95%. It has a perfect record going back YEARS thru bull and bear markets. If we just bottomed, it would violate the trin rule for pretty much the first time ever.

Hey Dell, what's the sample size of that study? Can you expand a bit more on the constraints? Thanks.

trin has to hit 2 before a bottom is called. it often happens right at the bottom. it can happen a few days eariler and acts as a warning to watch for a bottom. Its come as early as 7 trading days before a bottom.

In this correction, the last time trin hit 2 was 16 days ago, which like a pbar that drops off miyagis map its no longer valid.

If we bottomed, this has never happened. I checked going back to before the 2008 credit crisis.