SB73 wrote:A massive gap down would assure that we are in wave 3 of 3 at which point you do not want to be long for scalps. Cobra what is your general observation of traders on this board. My favorites are Fehro and Dow Trader.
I think that college kiddo heavenskrow is very good but too bad he has a cocky attitude.
Money comes and goes and rinse and repeat but respect once gone, it ain't coming back.
SB73 wrote:A massive gap down would assure that we are in wave 3 of 3 at which point you do not want to be long for scalps. Cobra what is your general observation of traders on this board. My favorites are Fehro and Dow Trader.
I think that college kiddo heavenskrow is very good but too bad he has a cocky attitude.
Money comes and goes and rinse and repeat but respect once gone, it ain't coming back.
noob wrote:I see positive divergence on 5 and 10 mins charts. Any thoughts Cobra?
Cobra wrote:a little breakdown, but not enough to count, let's wait.
the problem is you never know when divergence works. it's could be divergent of long long time.
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tdo722 wrote:I am so tempted to call the bottom here. 15min chart shows positive D for macd, rsi, sto, mfi.
Why try and call the bottom or top. I would guess if there is one thing Cobra finds most interesting it is how many of us, self included, try and front run the market.
tdo722 wrote:I am so tempted to call the bottom here. 15min chart shows positive D for macd, rsi, sto, mfi.
Why try and call the bottom or top. I would guess if there is one thing Cobra finds most interesting it is how many of us, self included, try and front run the market.
Agree. I guess whenever it breaks the downtrendline then it's should have higher probability then. haha...
anyone calling a gap up or gap down tomorrow? if it's a gap down...that would be 4 in a row. cobra didn't think we'd make 3 in a row. if tomorrow is a red day, that's also 3 in a row...recently we haven't been able to make 2 red days in a row.
well, guess that's it for today. NORMALLY we should have a lower low first tomorrow. the intermediate-term trend is still up. thank you guys, I'll see you tomorrow.
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Been waiting for ES 1200, could bounce there, but think SPY will need the mid-teens to get small traders to quit their longs, and greedy politicians to make a deal in the US. Then, gap to SPY 140? No, I'm not as think as you drunk I am <wobble, wobble>..
UUP daily close over yesterday's high points to 22.5