06/07/2013 Live Update

[Unique]

A Doji close for SPY will be a screaming sell.

A weekly doji would be pretty damn scary This week's wick is relatively large compared to previous

[joegamma]

Bull trap

bears MUST believe, bull markets should see RSI stay above 50 ish, and selloffs are held by midpoint of BB,
do bears believe or will we close above it (midpoint BB near highs)?

Good luck fishin

[simpletrader]

Look at the 1st and coming second sell on mid to long term, now you know the 1st sell already at the beach somewhere, now the second sell group is going to hit the beach, only will they come back safe? the first group looking double good

What is your bottom signals? Thanks, ST

RSI, I got all my setting for each time frame at my corner if you want to know more.

Thanks, will visit and ask questions if you don't mind.

[jarbo456]

A Doji close for SPY will be a screaming sell.

A weekly doji would be pretty damn scary This week's wick is relatively large compared to previous

Weekly doji would look pretty bullish. I like.

[Al_Dente]

DR AL: your breath getting bad now? (no offense), seeing adv cross mavg, still looks corrective (not bearish) for dec and the ratio..
btw, buying some more 10yr calls (i/T)

I sort-of know what TWT means when he says “corrective” like the opposite of impulsive.
What do YOU mean when u say corrective?
Please spell stuff out, I don’t know what your abbreviations are

[Cobra]

this rebound shall have another leg up at least.

[MrMiyagi]

Not for today...

[MrMiyagi]

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

[Unique]

No good bears, stick saved at the 100sma 5min. Hourly closed as long wick.

Look now.. if that weekly doji turns into a hammer close ..uber bull market too strong Buy every dip

[BullBear52x]

Bull trap

bears MUST believe, bull markets should see RSI stay above 50 ish, and selloffs are held by midpoint of BB,
do bears believe or will we close above it (midpoint BB near highs)?

Good luck fishin

well, if it change then we know it's no go, so far my read is still the same. your chart is your best friend.

[BullBear52x]

Look at the 1st and coming second sell on mid to long term, now you know the 1st sell already at the beach somewhere, now the second sell group is going to hit the beach, only will they come back safe? the first group looking double good

What is your bottom signals? Thanks, ST

RSI, I got all my setting for each time frame at my corner if you want to know more.

Thanks, will visit and ask questions if you don't mind.

feel free to ask question there. no free lunch from me only free charts

[joegamma]

DR AL: your breath getting bad now? (no offense), seeing adv cross mavg, still looks corrective (not bearish) for dec and the ratio..
btw, buying some more 10yr calls (i/T)

I sort-of know what TWT means when he says “corrective” like the opposite of impulsive.
What do YOU mean when u say corrective?
(deleted TGIRL annoying faces)

seems decliners are ticking up, adv/dec ratio not ticking up, so I meant the price action was only corrective from highs, bears not brave today, maybe market makers were painting pictures perhaps to entice more shorts, typical low volume friday afternoon, like KING said, pattern is to rally now, GLTA

[Al_Dente]

Who is gonna buy all this stock?
WMT at today’s shareholder meeting said it would buy back another $15bn of its own shares.
[bn = $BILLION]

[BullBear52x]

Bull trap

bears MUST believe, bull markets should see RSI stay above 50 ish, and selloffs are held by midpoint of BB,
do bears believe or will we close above it (midpoint BB near highs)?

Good luck fishin

well, if it change then we know it's no go, so far my read is still the same. your chart is your best friend.

I triple checked 3 charts mid to long term is not a buy, sell that is.

[Claire]

Cobra -- what's on your radar now? Are you here?

[BullBear52x]

here another one for longer term BB resistance and histogram look

[ALdaytrade]

Look at the 1st and coming second sell on mid to long term, now you know the 1st sell already at the beach somewhere, now the second sell group is going to hit the beach, only will they come back safe? the first group looking double good

What is your bottom signals? Thanks, ST

RSI, I got all my setting for each time frame at my corner if you want to know more.

Thanks, will visit and ask questions if you don't mind.

feel free to ask question there. no free lunch from me only free charts

This is what we call poaching, if you read somthing on Cobra's blog, ask the question here.

[joegamma]

Bull trap

bears MUST believe, bull markets should see RSI stay above 50 ish, and selloffs are held by midpoint of BB,
do bears believe or will we close above it (midpoint BB near highs)?

Good luck fishin

well, if it change then we know it's no go, so far my read is still the same. your chart is your best friend.

I triple checked 3 charts mid to long term is not a buy, sell that is.

bulls seem to have left for day as well, GL.

[Cobra]

members only update at 3:44 pm
http://www.cobrasmarketview.com/2013/06 ... ay-update/

[Cobra]

well, a typical uptrend day. Friday usually close strong nowadays, so guess that's it for today. thank you guys, I'll see you TONIGHT.

before the close, please take a little time to vote for me, thanks. https://stockcharts.com/public/1684859/chartbook