Cobra's Market View

18.31 XIV ATR PnF Target 37.91:

http://stockcharts.com/webcgi/Pnf.asp?S=XIV&Y=A&B=1&N=C

BullBear52x wrote:Time to be cautious, Happy Turkey day all.

BB52x sighting! Good to see you post! Wish I saw more of your posts

ClarkW wrote:

KENA wrote:

ClarkW wrote:Is this time different for GDX?

I have Gld at 1515/1520 and AAPL at 495/500..GLD could stop at 1530 but if it breaks thru then more dn to maybe to 1515.Lets see what happens in the next few weeks.

Well I'm hoping you bat .500 as I'm long DUST and bought some AAPL Friday

I am not wishing bad luck for any one but this is what I see..Who knows.

Rising wedge/ 3 push up?

ClarkW wrote:

BullBear52x wrote:Time to be cautious, Happy Turkey day all.

BB52x sighting! Good to see you post! Wish I saw more of your posts

Thanks ClarkW, you know where to find me I am busy, from now until year end few accounts need to adjust for new tax code coming. good luck to you.

C&H target still valid?

Heck wrote:18.31 XIV ATR PnF Target 37.91:

http://stockcharts.com/webcgi/Pnf.asp?S=XIV&Y=A&B=1&N=C

how reliable are the P&F target prices?

KENA wrote:

ClarkW wrote:

KENA wrote:

ClarkW wrote:Is this time different for GDX?

I have Gld at 1515/1520 and AAPL at 495/500..GLD could stop at 1530 but if it breaks thru then more dn to maybe to 1515.Lets see what happens in the next few weeks.

Well I'm hoping you bat .500 as I'm long DUST and bought some AAPL Friday

I am not wishing bad luck for any one but this is what I see..Who knows.

I know, I bought a few shares of AAPL but I fully expect to buy some more at a lower price. This move down is too severe not to have another leg down unless there's a catalyst otherwise. I'm even toying with the idea of taking my gains from Friday's purchase and buying back later. We'll see.

THANKS COBRA
THANKS BOARDIES

happy thanksgiving to all

Double top and target.

BPNDX up:

http://stockcharts.com/freecharts/gallery.html?$BPNDX

Clark W..It is never to early to take profits..I did so about 1 hr ago on my SPY swing longs..Right now I have no trades..Watching QID it is looking better every day.

NYMO up:

http://stockcharts.com/freecharts/gallery.html?$NYMO

$USD Target 72.84:

http://stockcharts.com/webcgi/Pnf.asp?S ... =A&B=1&N=C

FVX target a double:

http://stockcharts.com/webcgi/Pnf.asp?S ... =A&B=1&N=C

failed breakdown but the bias still is a little little bit on the downside.

knock wrote:

Heck wrote:18.31 XIV ATR PnF Target 37.91:

http://stockcharts.com/webcgi/Pnf.asp?S=XIV&Y=A&B=1&N=C

how reliable are the P&F target prices?

Varies.

Studies since 1914 found up to 199% profits per trade, up to 80% reliable:

http://www.pointandfigure.com/blog/page/2/

Learned PnF from old timers who made a lot of money and kept it.

Biggest barrier to using PnF is when it goes against feelings, friends, groups, guesses, hunches or news...

VIX still rising.

IWM going down, small but maybe leading the drop and then the climb???

why?

because it is...



!!!!!!POWER HOUR!!!!!!

3rd try on the day high, looks like we'll have a breakout.