Cobra's Market View

TraderGirl wrote:

Nrsimha wrote:Paging TraderGirl:

I would have thought that today would be a big-time reversal day; new moon, indeed, lunar new year (Chinese), etc.

Me too, but I am glad it's holding on...maybe we see pullback sometime this week then another attempt for a high around the 14th? Would like to see it hold up into the 14th, where there is a nice turn date...would like to see it work this time...a lot of the turns have not been working because of the bullish aspects...so we will see....

So, do you think $VIX will hold support and turn up or do u think $VIX will break down?

BKX has been traveling up the BBand....but MACD and Stoch's pointing sideways to down...

Light long.

My composite trend signal remains up.
My summation index signal is down but trade above Friday's highs would effectively null any statistical edge it provides.

Bottom line is the trend is up, but I am getting technical hints that a corrective move is in the percolator.
I am sticking with the trend for now but watching for a good sell setup.

TraderGirl wrote:Transports...We need to see this support bust...

Now that u mention TRAN
Stochastics (I use 7/3, second panel) on TRAN weekly (LONG TERM) is highest (overbought) it has been since b4 2009 (pink circles)

1,5,10min. all red. AD all red, all 1 min. volatility indexes in red.

most thing start at one min.

Let's face it; WE'RE NEVER GOING DOWN AGAIN!! BRING ON 1600!!

Approaching that time of day again. Somebody go wake Myagi up from his nap.

MrMiyagi wrote:Let's face it; WE'RE NEVER GOING DOWN AGAIN!! BRING ON 1600!!

LOL

Nrsimha wrote:

TraderGirl wrote:

Nrsimha wrote:Paging TraderGirl:

I would have thought that today would be a big-time reversal day; new moon, indeed, lunar new year (Chinese), etc.

Me too, but I am glad it's holding on...maybe we see pullback sometime this week then another attempt for a high around the 14th? Would like to see it hold up into the 14th, where there is a nice turn date...would like to see it work this time...a lot of the turns have not been working because of the bullish aspects...so we will see....

So, do you think $VIX will hold support and turn up or do u think $VIX will break down?

we need to get above middle BBand...IMHO...

uempel wrote:Breakout!?

59.png

Signals are not working today Bye guys, I'm off

uempel wrote:Signals are not working today Bye guys, I'm off

Let's try this signal;

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

Al_Dente wrote:

TraderGirl wrote:Transports...We need to see this support bust...

Now that u mention TRAN
Stochastics (I use 7/3, second panel) on TRAN weekly (LONG TERM) is highest (overbought) it has been since b4 2009 (pink circles)

211tran.png

Thanks Al...

uempel wrote:

uempel wrote:Breakout!?

59.png

Signals are not working today Bye guys, I'm off

You leaving the party early?? Bye uempel!!

Music to trade to:

I cranked this up yesterday through my parked car speakers when I had to get my second wind shovelling snow:

http://www.youtube.com/watch?v=04JlMft6m5M

I’m in the desert
All I was shoveling was bs
http://www.youtube.com/watch?v=zSAJ0l4OBHM

NDX sitting right at BBand...

Nrsimha wrote:Music to trade to:

I cranked this up yesterday through my parked car speakers when I had to get my second wind shovelling snow:

http://www.youtube.com/watch?v=04JlMft6m5M

Are you a head banger?...

OK, I'm back.

The chart is bullish biased. higher low indeed but the rebound thereafter is not strong enough but not weak, so I'll give it bullish biased.

Currency traders still one the fence. This is equity bearish in the short term.
viewtopic.php?f=2&t=823&sid=3622cd3b3e2 ... a2#p117475

THE ULTIMATE TOP SIGNAL jk
Shortage forces them to WATER DOWN THE BOURBON
OY IN CAPS

http://www.zerohedge.com/news/2013-02-1 ... ol-content