07/09/2015 Live Update

[Cobra]

morning hourly black bar

[Unique]

Let's see how strong TSLA is today.
Hourly full bull bar open. Daily 20ema = 263, waiting for 15m bars to tell me to continue to sell the rip or BTFD for deadcat bounce leg 2.
At previous day target 262 here (we never got confirmation yesterday), gap fill leg 2 target = 267.88

[fehro]

China threatens to "arrest" short sellers
Note ASHR gaps +14% on open

Remember when we banned short selling ;-/ It's like they took our crises playbook and just made it egregious.

didn't work well in 2008, nor 1929... in '29 stocks fell another 65% after that.. something I read yesterday.. can't find the link atm

[Cobra]

members only update at 10:05 am
http://www.cobrasmarketview.com/2015/07 ... ay-update/

[fehro]

QQQ big boys.. INTC into 2014 Jun gap, below 14 month neckline of H&S target 23.50

[Unique]

Am short NFLX, risking $2 for $10 down gap fill. Price inside hourly channel 667 vs 652 range. Playing with house money, easy though this is not a high probability trade compared to before
Done for the day, good luck all !

[Tutti]

China threatens to "arrest" short sellers
Note ASHR gaps +14% on open

Remember when we banned short selling ;-/ It's like they took our crises playbook and just made it egregious.

didn't work well in 2008, nor 1929... in '29 stocks fell another 65% after that.. something I read yesterday.. can't find the link atm

I wasn't stating that it did work well - In fact i thought it was the dumbest market related idea ever (at the time) and now I think it's the 2nd dumbest idea ever, second only to arresting short sellers.

The only thing that puts a bottom into a market are prices low enough that the smart players know they are getting something for free. If the market crashed and then fell into a panic and AAPL was trading for $15.00 - that is the steal of a lifetime that only a newbie would pass up on. Not making that purchase means you are betting on the end of the markets and probably something far worse than a market rout. That is a fools gamble and why all the big players will tell you that they make their money in bear markets, it just doesn't look that way at the time.

Painful to get to, but every +/- ~50 years or so it needs to happen. Trying to put off the pain only prolongs it. They won't figure that out either (we didn't).

[Cobra]

testing ema20 for the 1st time, usually should be a rebound first then we'll see.

[fehro]

China threatens to "arrest" short sellers
Note ASHR gaps +14% on open

Remember when we banned short selling ;-/ It's like they took our crises playbook and just made it egregious.

didn't work well in 2008, nor 1929... in '29 stocks fell another 65% after that.. something I read yesterday.. can't find the link atm

I wasn't stating that it did work well - In fact i thought it was the dumbest market related idea ever (at the time) and now I think it's the 2nd dumbest idea ever, second only to arresting short sellers.....

Yes I know.. just stating what happened last time This is only going to increase the pain globally financially and/or with social unrest.. it's only a matter of time, unfortunately.

[DellGriffith]

China threatens to "arrest" short sellers
Note ASHR gaps +14% on open

Remember when we banned short selling ;-/ It's like they took our crises playbook and just made it egregious.

didn't work well in 2008, nor 1929... in '29 stocks fell another 65% after that.. something I read yesterday.. can't find the link atm

It also didn't work well when Nixon implemented price controls on things like beef and oil. Whenever there is natural demand for a product (beef, oil, shorting a stock), and you BAN purchase of the product, you simply INCREASE demand vs supply. If you ban beef, it makes the price of beef skyrocket. If you ban oil, you just make the price of oil skyrocket. If you ban the ability the short stocks, you just create more demand to short it.

In every case where bans are implemented, they eventually must lift the ban and the free market overrcorrects with a frenzy. Once the bans on beef and oil were lifted, people were lining up like mad to buy and prices went much higher than they would have if no ban was put in place. If you ban shorting stocks, the pent-up demand will result in stock prices being hit with a tsunami of shorting once the ban is lifted, with prices dropping MUCH further than they would had no ban been put in place.

Its simple free market principles.

[DellGriffith]

What really frightening to me is how none of our elected leaders understand why banning is a terrible idea, and neither does our media, and not even our economists will speak up about it. You would think by the 21st century, with all the overwhelming evidence, we'd know by now that banning the ability to buy / sell things in a crisis is the worst idea you can have. But we haven't figured it out yet.

[fehro]

SPX .. still looking for that 200d tag 2056

[fehro]

AAPL nearing yesterdays LOD

[Cobra]

no idea which mm would work. wait.

[Tutti]

What really frightening to me is how none of our elected leaders understand why banning is a terrible idea, and neither does our media, and not even our economists will speak up about it. You would think by the 21st century, with all the overwhelming evidence, we'd know by now that banning the ability to buy / sell things in a crisis is the worst idea you can have. But we haven't figured it out yet.

none of the above listed participants have a vested interest in finding real solutions.

[MrMiyagi]

spy

qqq

[uempel]

This is the first time in July that the BPs don't look too bearish - BPNYA is slightly up and so are BPSPX and BPFINA, but BPCOMPQ is down

http://stockcharts.com/freecharts/candl ... BPENER|B|0

[Trades with cats]

Several times on his blog Martin Armstrong has talked about the US House committee that tried to find the short sellers who brought down the market in 1929. They hauled in everyone from JP Morgan to Rockafeller and found that they all lost money. Professor Minsky has shown us what happens when you suppress the natural ebb and flow of a system and Nassim Taleb has written about that extensively. But politicians must respond by "doing something" to mollify the ignorant and angry mob.

Martin Armstrong keeps writing that the majority will continue to do the wrong thing, if they didn't who would we trade against?

[Cobra]

it's 100% mm down. vol surge, biggest red so may see rebound here first then we'll see.

[Cobra]

members only update at 12:18 pm
http://www.cobrasmarketview.com/2015/07 ... ay-update/