08/31/2012 Live Update

[Al_Dente]

Up volume to down volume:
3:28 to 1
I am prepared for a bear-covering sqz here
Oooooooo shite there it is

[Cobra]

guess this rebound has legs.

[OverUnder]

Gold above April highs now with conviction. Clap your hands if you believe in QE!

[jdow]

Eh..what do I know Timestamp I win..!

Afk

I am dazed and confused.
So, what's the real one?

Dazed and Confused .. classic, had to search and now post. this will make 2 5 minute bars go by faster: http://www.youtube.com/watch?v=6DnGQHGLzYQ

[uempel]

This 60min is streched and not very precise. But there is a strong signal - I'm not sure if it's this afternoon or Tuesday . Signals on the daily SPX chart and BPSPX chart point to Tuesday

[OverUnder]

Looking decent. Need Scrooge to send a big Christmas GOOSE.

[ClarkW]

Which trendline would you pick?

[Cobra]

target.

[Mr. BachNut]

In contrast to equities, it seems crude oil, gasoline and precious metals are today's big winners from Ben's remarks.
Perhaps Mr. Market is signaling where the next QE money would go...

[Mario TR]

SPY in a range

[vikasrao]

My first post here Am a new subscriber.

Quick question, looks like VIX closes inside/within the upper BB today after closing outside of it yesterday, this is a buy setup right? Also, one thing to note is that it looks like $TRIN closes below 0.6 which usually is also a good probability sell setup. Thoughts?

[grachu]

cobra I am here !!!!!!! just let you know ... your the best

[uempel]

System has its drawbacks - but it's worth having a look. Still far away from a reliable buy real buy signal:

[TraderGirl]

SLV broke through a trendline resistance I had, but in terms of count, there are a couple of strong possibilities, this is one of them...

Looking at past counts, as soon as you get to wave 5, there could be a swift leg down....so sell that move...IMHO...

Whether this is an abc up with wave 5 completing c, or if this will be the 5th wave of wave (3) is the question...??

[Cobra]

again, this bull should have legs. what a day, I shall say.

[ClarkW]

SLV broke through a trendline resistance I had, but in terms of count, there are a couple of strong possibilities, this is one of them...

Looking at past counts, as soon as you get to wave 5, there could be a swift leg down....so sell that move...IMHO...

Whether this is an abc up with wave 5 completing c, or if this will be the 5th wave of wave (3) is the question...??

Thanks TG

[skittlesmds]

again, this bull should have legs. what a day, I shall say.

You are the man, Cobra. This is my first post on the message board. I saw your charts and began following your postings during the days and found your information to be helpful so I paid for a yearly subscription. I made enough money off of one trade to pay for your service. Absolutely worth the money. For everyone wondering, I have never talked to Cobra through any form of communication so this is a free endorsement for his service. Good job, Cobra.

[learningT]

This 60min is streched and not very precise. But there is a strong signal - I'm not sure if it's this afternoon or Tuesday . Signals on the daily SPX chart and BPSPX chart point to Tuesday

58.png

Thanks, any guesstimate on the direction?

[Cobra]

normally, this pullback would be bought.

[uempel]

The 30/48 MAs on the 60 min SPX don't want the market to surge, cutting off advances above 1408...