01/29/2013 Live Update

[Cobra]

2nd target met. this bull still has legs.

[Cobra]

YGF picked last night up 10% today.

[uempel]

C&H target met.

Dax not really joining the party. kind of top must be near

You've got to look at DAX in $

[Cobra]

not bad calls I made today, please take a little time to vote for me, thanks. https://stockcharts.com/public/1684859/tenpp

[Xian]

YGF picked last night up 10% today.

Thanks Cobie. Best $10 a month I've ever spent. You can't even feed one of those little African children for that.

[TWT]

$ZN_F ($10 Yr TN): Watching if 10yr TN holds above yesterday´s lod

[Cobra]

could be a small 3 push up, so might see a pullback here, which is likely bought later.

[gappy]

nyhl.png

[Al_Dente]

... I notice no fib on MSFT or AAPL. Any particular reason? I'm curious how MSFT looks to you (or to any other boardies for that matter). At some point this year I'm going to want to take MSFT behind the barn and do the humane thing. OY

thanks Xie

the fibs pizzzz me off, as they keep me always looking for a top
what’s the point?
This thing will never ever go down again in our lifetime

Aapl pizzes me off, as when they restrict shorts u never get a true picture of supply/demand, just artificial bouncy shite, cause everyone knows the shorts are few and far between...

The internals pizzzz me off, because spy is levitating on only 1600 nyadv

There is not enough board space to properly articulate why MSFT pizzes me off

etc

Sorry, I can’t help it, it’s my favorite quote of the day:
"We Are Doneski Gorgeous!"

[Mr. T]

We're never going down again!!!

[SigmaEcho]

C&H target met.

Dax not really joining the party. kind of top must be near

You've got to look at DAX in $

chart pls

[Al_Dente]

Just looking a bit more at the FOMC tendencies – doubt the Fed matters right now – but it is interesting to note that with the SPY’s daily RSI at 81, this is the highest daily RSI reading we have had prior to a Fed meeting in my research which goes back to 1998.
There are only 4 instances of the daily RSI being above 75 the day prior to an FOMC meeting since 1998- the Fed meeting had little impact on the market’s rallies.
The most notable instance I found was May 2007 – where we topped on Fed day (after a big rally prior to the announcement) and fell 35 pts from the Fed day high to the low the next day and then the market rally continued in to a top in June. There have been no instances of the RSI being above 75 since May 2007
So for now, based on my research – as long as we make a new high tomorrow, the rally should be safe from the risk of a major top (not that there will be a major top – just see the research above for the info on pre FOMC tops) until at least after the employment number – though a minor top and small pullback could occur starting any time from tomorrow through to next week (normally it is on Fed day or the day after, but the employment number changes those dynamics)
-D

Thanks again
ps: OT: did u scale mckinley in 92 ?

[Cobra]

YGF picked last night up 10% today.

Thanks Cobie. Best $10 a month I've ever spent. You can't even feed one of those little African children for that.

Thanks. Really wish every members agree with you.

I'll provide more...

[Cobra]

We're never going down again!!!

We'll know tomorrow.

[Cobra]

pullback as expected, should be 2 small legged, this is just the 1st leg, I guess.

[JFR]

... I notice no fib on MSFT or AAPL. Any particular reason? I'm curious how MSFT looks to you (or to any other boardies for that matter). At some point this year I'm going to want to take MSFT behind the barn and do the humane thing. OY

thanks Xie

the fibs pizzzz me off, as they keep me always looking for a top
what’s the point?
This thing will never ever go down again in our lifetime

Aapl pizzes me off, as when they restrict shorts u never get a true picture of supply/demand, just artificial bouncy shite, cause everyone knows the shorts are few and far between...

The internals pizzzz me off, because spy is levitating on only 1600 nyadv

There is not enough board space to properly articulate why MSFT pizzes me off

etc

Sorry, I can’t help it, it’s my favorite quote of the day:
"We Are Doneski Gorgeous!"

I have long wondered about the lack of popularity of MSFT amongst investors. It's price is stuck south of $30. IMO its value is excellent. I think people hate Windows and even PCs, and some of this is transferred to MSFT.

I have made money in swing trades on it in the past.

[JFR]

not bad calls I made today, please take a little time to vote for me, thanks. https://stockcharts.com/public/1684859/tenpp

Great calls, Cobra.

Voted.

[Denali92]

Yes, climbed it in 92 - though we only made it to the summit ridge - too risky to go on... especially after so many people had died climbing it that year.... it was an epic 30 day adventure as we climbed up the back side and back down again to Wonder Lake.

-D

Thanks again
ps: OT: did u scale mckinley in 92 ?[/quote]

[ClarkW]

YGF picked last night up 10% today.

Thanks Cobie. Best $10 a month I've ever spent. You can't even feed one of those little African children for that.

Thanks. Really wish every members agree with you.

I'll provide more...

Anyone who doesn't agree with Xian on this is an idiot! The best Cobra!!!!

[JFR]

MSFT some numbers ...