Cobra's Market View

good floor here, but wait for the internals to say go!

Looking for bounce here to ES 1235

maybe you meant 12:10 Uempel? lol

uempel wrote:Al, your chart does not look bullish, no way...

bear still in control for the moment, but uempel that last ONE MINUTE spike was a squeeze spike
http://stockcharts.com/h-sc/ui?s=SPY&p= ... listNum=15

http://www.youtube.com/watch?v=YR1ujXx2p-I

Petsamo wrote:

proteus46 wrote:Bought TNA as a day-trade

I bought XME @ 48.18. Big question is when/if to sell.

I bought some TNA @39.25

Al_Dente wrote:

uempel wrote:Al, your chart does not look bullish, no way...

bear still in control for the moment, but uempel that last ONE MINUTE spike was a squeeze spike
http://stockcharts.com/h-sc/ui?s=SPY&p= ... listNum=15

http://www.youtube.com/watch?v=YR1ujXx2p-I

5 minute SPY was able to break above the 20MA for the first time since yesterday at 2:15pm. was enough reason to cover my shorts, and go a little bit long. AMZN is also a bit off it's lows, down 3.5% vs. 6% half an hour ago.

OK, buyable bottom is flashing at me now, dip should be bought or lighten up shorties.

oh and...the whole 7 red bars is the limit for bears thing also helped me cover my shorts.

remember, given the degree of the slide since yesterday, the very first strong rebound (assume starts here) is just the very first sign of reversal, usually the low will get revisited at least once. So I don't recommend a long here.

uempel wrote:

jarbo456 wrote:

uempel wrote:Al, your chart does not look bullish, no way...

i'm worried about this 12pm event that you have on your charts. i wish i had lightened up before-hand.

I'm not sure how precise my drawing was. I rechecked and now I've got a signal at about 12.20 pm, either up or down. Al's chart is quite reliable as an indicator...

Luke…..trust…in….the….force

Dude how much more precise can u get???? Whaddya u want….. the exact second already ???
U R AWESOME uempel
Must see how spy performs at vwap, at the moment she’s just a flag

Al_Dente wrote:

uempel wrote:

jarbo456 wrote:

uempel wrote:Al, your chart does not look bullish, no way...

i'm worried about this 12pm event that you have on your charts. i wish i had lightened up before-hand.

I'm not sure how precise my drawing was. I rechecked and now I've got a signal at about 12.20 pm, either up or down. Al's chart is quite reliable as an indicator...

Luke…..trust…in….the….force

Dude how much more precise can u get???? Whaddya u want….. the exact second already ???
U R AWESOME uempel
Must see how spy performs at vwap, at the moment she’s just a flag

Ditto, props to you uempel!

BullBear52x wrote:OK, buyable bottom is flashing at me now, dip should be bought or lighten up shorties.

Baron von Wussie
SPY is flagging up to VWAP.
Just because wussie shorts are covering, does not mean the same thing as a “trendie” signal to go long.
Trend followers need more proof (IMHO it may come soon).
This may help u understand the concept of intraday “Trend Following”:
http://screencast.com/t/JUdvHLKC

“If you’re ridin’ ahead of the herd, take a look back every now and then to make sure it’s still there.” [Anonymous]

Break time, I am all in cash now, I will buy dip.

Al_Dente wrote:

BullBear52x wrote:OK, buyable bottom is flashing at me now, dip should be bought or lighten up shorties.

Baron von Wussie
SPY is flagging up to VWAP.
Just because wussie shorts are covering, does not mean the same thing as a “trendie” signal to go long.
Trend followers need more proof (IMHO it may come soon).
This may help u understand the concept of intraday “Trend Following”:
http://screencast.com/t/JUdvHLKC

“If you’re ridin’ ahead of the herd, take a look back every now and then to make sure it’s still there.” [Anonymous]

You have doubt in me? are you questioning me? safety firstSAFETY 1st

What's up with the strange tails and sometimes misplaced 5min bars on TOS? They really should fix that.

1,209 on SPX looks to be a Fib confluence area:

38.2% of October rally
61.8% of November sell-off
50% of December rally

If 1,209 pivot breaks 1,168 pivot will likely be tested. i.e. Cobra's evil plan.

waverider wrote:What's up with the strange tails and sometimes misplaced 5min bars on TOS? They really should fix that.

At this point, as long as ToS is up and running I'm OK with it

This is what bears will look like tomorrow.

proteus46 wrote:

jarbo456 wrote:

proteus46 wrote:Bought TNA as a day-trade

guess that means you think the LOD was put in already?

Right now may not be the low of the day, but I think there may be some buying in the next 1 to 2 hours. Later today we may see lower levels.

Sold my TNA, took my 61 cents a share profit

BullBear52x wrote:Break time, I am all in cash now, I will buy dip.

thanks cobra “…So I don't recommend a long here…”
but please note VIX and TNX are offering a bit of bull divergence INTRADAY, and spy is REALLY TRYING to get the best of vwap
Plus Baron von WussieFaceFrontrunner has covered and gone long then gone out for a coupla egnoggs