Cobra's Market View

Al_Dente wrote:DTES:
is it too soon for Xmas Carols?
http://www.youtube.com/watch?v=sWEfszb9h8Q

ps the BIG snake and many others trade ES………and snake always likes it straight and (deceptively) simple…….. that’s why we luv him

http://www.youtube.com/watch?v=SOszvL9lgSs It's Christmas every day down here in Lizard Lick!

Crooks Day
served with cabbage!!!!!!!!!!

11:40 AM 12/14/2012
http://screencast.com/t/sBe95V83SX

NTA

KeiZai wrote:TNA flaggish?

The attachment TNA.png is no longer available

I have the same. Break down, back test, next move ......down!?

Al_Dente wrote:

uempel wrote:Hey Al_Dente, if there are Wussie Bears in the market I guess there must be Wussie Bulls too - I'm one

57.png

U big wuss
3rd 4th 5th time may be the charm

Me, I’m ready for the Toto Bar ……do they have any “early bird” specials?

I'm in ... I need a drink.

uempel wrote:Hey Al_Dente, if there are Wussie Bears in the market I guess there must be Wussie Bulls too - I'm one

57.png

Well I guess that makes me a wussie bear ..I don't like to do this because I call it chassing the bus but have been making short duration trades for $150/200 ,but it keeps me bussy and watchfull.

Tabby wrote:

pezhead9000 wrote:Cisco (CSCO) update: Cisco put from earlier didn't fare so well using Call Volume signal. However, CSCO continues to creep up but OBV is not confirming the trend. Anyone know how reliable OBV divergence may be??

Pezhead9000,
When you use OBV, you need to have an overlay parameter for that such as SMA 50 to see how far it is from the line. I used it for a while but it wasn't a great market direction for the stock. I found out that looking at three parameters in Daily, hourly, 15 mins and for daytrading 5 mins chart are the best. I did not find OBV as a great parameter for the stock direction.


Thanks!

Anyone watching Gold today. It is depressing to me ... tight range.

victorm wrote:

KeiZai wrote:

KeiZai wrote:BB euro is close to destination then the dollar bounce I was talking about should happen


now we are at 1.314 so should reverse soon

stops clearing almost done

EURO-b.png

perfecto....closing now should be done

e1.png

PS: looks strong but anyways I am sticking to my plan/count (haven´t seen it on twitter so have to work )

at this Euro level I'm out of TNA and gold... just in case... futures red... expecting sharp move down in "Power hour"

euro is bullish it´s funny but euro is bullish even in long term (big bull flag) but my gut feelings and my russell/es counts are saying me there is more weakness ahead

rakker wrote:a wuss bear or bull just means tight stops, right?

Originally the “wussie bears” just meant the bears are skittish and jumpy and lack conviction in their shorts and might cover on a dime…. on a moment’s notice……to lock in elusive profits…then that “buy-to-cover” could start a wussie-bear-covering rampage…..then everybody starts piling on top of the longs…..etc

Now it seems like everybody is a wussie (??)… and we are all nuts…….

TIGHT STOPS are for bulls AND bears INTRADAY especially on a “chop” or “range day” like today where right this very minute
nyadv = 1400 and nydec = 1400 and could tip either way

Thanks 4 asking rakkar
[edit: rakker]

My Snogginhosh Oscillator. It ain't perfect but it ain't bad either. Basically it watches recent performance versus recent trend. The code is pretty simple and if any wants it just PM me.
SPY hourly *Edit: That next to the last green line should be red - lots of coffee here this morning. *TWITCH*

Al_Dente wrote:DTES:
is it too soon for Xmas Carols?
http://www.youtube.com/watch?v=sWEfszb9h8Q

ps the BIG snake and many others trade ES………and snake always likes it straight and (deceptively) simple…….. that’s why we luv him

Thanks Al

Nice and cheery!

TradersF wrote:

KeiZai wrote:TNA flaggish?

TNA.png

I have the same. Break down, back test, next move ......down!?

likely one small push higher (or without push)and then imo yes

small triangle here. in theory, the bias is up.

Do we really need another chart of TNA...well, you're getting it anyways...

MACD below zero line...can sometimes indicate more down...Stochs below 80 line as well...backtesting 50dma...

Al_Dente wrote:

uempel wrote:Hey Al_Dente, if there are Wussie Bears in the market I guess there must be Wussie Bulls too - I'm one

The attachment 57.png is no longer available

U big wuss
3rd 4th 5th time may be the charm

Me, I’m ready for the Toto Bar ……do they have any “early bird” specials?

Al_Dente, you know the place. Friday it's always Prosecco Frizzante...

/GC Gold Futures Daily Chart.... It looks bearish to me but I think that a squeeze back up to $1735 or $1750 is possible before failure? Any comments?

gap up wrote:

obv.png

Pezhead9000,
When you use OBV, you need to have an overlay parameter for that such as SMA 50 to see how far it is from the line. I used it for a while but it wasn't a great market direction for the stock. I found out that looking at three parameters in Daily, hourly, 15 mins and for daytrading 5 mins chart are the best. I did not find OBV as a great parameter for the stock direction. (My guess)

Gap up,
the 50 SMA that you are using in your chart is how your spy moving avarage in past 50 days . OBV 50 sma is different than 50 sma of a stock. OBV has two factors which are combination of price and volume. When you set 50sma for OBV is actually 50 sma of combination volume and price. See my chart on CSCO,


50SMA Price of CSCO is 18.29.
50sma volume of csco is 40 M.
BUT 50sma OBV is above the blue line.

There is a difference between 50sma CSCO and 50sma of OBV of CSCO. I hope I am not clear as mud.

Pray for those families and the victim's in Connecticut

gap up wrote:

Al_Dente wrote:DTES:
is it too soon for Xmas Carols?
http://www.youtube.com/watch?v=sWEfszb9h8Q
ps the BIG snake and many others trade ES………and snake always likes it straight and (deceptively) simple…….. that’s why we luv him

http://www.youtube.com/watch?v=SOszvL9lgSs It's Christmas every day down here in Lizard Lick!

that ain't no wussise there
that's the KING
my fave [favorite]
THANKS gap up

Ok guys, this is just too boring. I'm off the the Totò. Have a great weekend PS: I'm not sure if we can use DAX as a trend-setter, but the last hour of DAX had a slightly bullish bias