09/18/2012 Live Update

[Cobra]

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Flat open, so any gap will be filled.

Global ES has retreated to the channel support. So far still looks like a Bull Flag and the feeling is still missing at least one more push up.

[Cobra]

DAX pullback as expected. again usually the pullback would be bought, just I don't know when pullback is about to be over yet.

[channel]

老大，
在国内怎么上Cobra's Market View?

用代理可以爬胡同，但还是上不了您的博客。

[TWT]

SPX: The pullback is unquestionably corrective. Today we shall know if it belongs to a larger EWP

[Cobra]

老大，
在国内怎么上Cobra's Market View?

用代理可以爬胡同，但还是上不了您的博客。

www.cobrasmarketview.com is accessible directly in China, no proxy needed.

[joe-gamma]

Thanks Cobra! looks like we need new lows today or bears will feel some pain again...here 2.5hr hr bars beginning to show divergence in Naz futrs and ES futrs, GL boardies!

today/tomorrow we should have some idea if s/t correction or bull ride over for a while...

naz2-5-918.png (10.09 KiB) Viewed 5845 times

es918-2-5.png (9.55 KiB) Viewed 5845 times

[uempel]

A reminder to all those bears out there: so far BPNYA and BPSPX show no weakness:

[channel]

老大，
在国内怎么上Cobra's Market View?

用代理可以爬胡同，但还是上不了您的博客。

http://www.cobrasmarketview.com is accessible directly in China, no proxy needed.

Oops! Google Chrome could not find www.cobrasmarketview.com
Try reloading: www.­cobrasmarketview­.­com
Additional suggestions:
Access a cached copy of www.­cobrasmarketview­.­com
Search on Google:

[Cobra]

the open.

[Cobra]

老大，
在国内怎么上Cobra's Market View?

用代理可以爬胡同，但还是上不了您的博客。

http://www.cobrasmarketview.com is accessible directly in China, no proxy needed.

Oops! Google Chrome could not find http://www.cobrasmarketview.com
Try reloading: www.­cobrasmarketview­.­com
Additional suggestions:
Access a cached copy of www.­cobrasmarketview­.­com
Search on Google:

might be your browser problem. Try other browser. Or try ip address directly: 50.22.192.58

A prohibited site in China shouldn't be act like your error message: looks like a DNS error.

[TradingJackal]

Continuing from yesterday night's post, the impulse finished one handle from the target. Or maybe we see more action to either 1448 or 1445 on ES.
viewtopic.php?f=2&t=674&start=240#p95428

[Al_Dente]

note TLT gap up

[TradingJackal]

Believe this is a bear trap.

[noob]

Believe this is a bear trap.

Why?

[ClarkW]

Bought a litte bit of FAZ before close yesterday for a countertrend move based on chart. I know I know playing on countertrend is for dummies but just playing with this new renko chart borrowed (stolen) from Dr. Al.

NOT A RECOMMENDATION, DON'T FOLLOW, PLAYING WITH THIS

[Cobra]

as long as no sharp down, it's bull flag.

[ClarkW]

Continued from Weekend Forum: I still haven't short SBUX. Have been waiting for it to reach 50-61.8% retracement level from recent down leg(no particular reason, just seemed prudent). Staying patient....

[TradingJackal]

Believe this is a bear trap.

Why?

Looks like we finished the zig-zag this morning on futures and are priming the pump for a wave 3 to the upside.

[Al_Dente]

PAGE CLARKW
When u r juiced, run a similar chart on the underlying (BKX, XLF) just to make sure the juice isn’t giving u honey-badger information
This one is daily (intermed term), no juice, long side

Compare to much shorter term 5min renko

[Cobra]

mini rebound target. I'm really afraid that we'll boring every day from now on.