Cobra's Market View

May be more down?

KeiZai wrote:

BullBear52x wrote:

Mr. BachNut wrote:

C´mon gimme your stuff

too early boss, but if you look at $NYAD MACD 19,39 it looks like it will confirm. and the red sell will be called for

More down?

L_T wrote:Someone here uses 13 and 1 settings for their Bollinger bands correct? Can you please explain to me why those settings are better than the 20 and 2 settings that are the standard? Also why does that work better for you than say Keltner channels? Thanks in advance.

ask uempel when he comes back, also possibly Mr. Miyagi

Things can change quickly, but it is interesting to see that we had similar hourly conditions at the close last night compared to the 1st of November and the 27th of July in the MID / MDY. We are still hourly OB and that needs to correct.... Daily bar can always become a hammer.... but the charts do share quite a few similarities....

I have been thinking the hourlies needed to correct for some time now.... but they had exited the OB state on Wednesday and then returned at the close last night.... for now the bulls should be wary....

-D

Here come da bounce.

Exact double top for IWM at 82.41 so far.... watching that low at 81.62 ....

MDY made a new high - yesterday's was 182.6 ... today... 182.87 right at the open - This 1002 to 1005 level in the E-MId has been tremendous resistance and so far it failed again at 1004.70 last night....

-D

Petsamo wrote:I don't think IWM busted yesterday's high. SPY didn't bust yesterday's high. If the bears mean business, they need to bust yesterday's low.

a little triangle perhaps?

Al_Dente wrote:

L_T wrote:Someone here uses 13 and 1 settings for their Bollinger bands correct? Can you please explain to me why those settings are better than the 20 and 2 settings that are the standard? Also why does that work better for you than say Keltner channels? Thanks in advance.

ask uempel when he comes back, also possibly Mr. Miyagi

OK uempel may be the one I've seen using that. Thanks.

L_T wrote:

Al_Dente wrote:

L_T wrote:ask uempel when he comes back, also possibly Mr. Miyagi

OK uempel may be the one I've seen using that. Thanks.

I use 10,1.9 for shorter (faster) timeframes.

BullBear52x wrote:

KeiZai wrote:

BullBear52x wrote:

Mr. BachNut wrote:

C´mon gimme your stuff

too early boss, but if you look at $NYAD MACD 19,39 it looks like it will confirm. and the red sell will be called for

Will come to check update before close If you will update it in your home

Denali92 wrote:Exact double top for IWM at 82.41 so far.... watching that low at 81.62 ....

MDY made a new high - yesterday's was 182.6 ... today... 182.87 right at the open - This 1002 to 1005 level in the E-MId has been tremendous resistance and so far it failed again at 1004.70 last night....

-D

Petsamo wrote:I don't think IWM busted yesterday's high. SPY didn't bust yesterday's high. If the bears mean business, they need to bust yesterday's low.

fails here, a pull back could be as bad as April to May. weak oscillators on this run up is the main reason.

KeiZai wrote:

BullBear52x wrote:

KeiZai wrote:

BullBear52x wrote:

Mr. BachNut wrote:

C´mon gimme your stuff

too early boss, but if you look at $NYAD MACD 19,39 it looks like it will confirm. and the red sell will be called for

Will come to check update before close If you will update it in your home

I will, I am going for a walk also here, will be back for the round # two

A little flag up to MAs doesn’t mean anything, it should fail
Except I recall a few times/few hundred times when a little bitty flag turned into a face ripping squeeze
Also nydec is only 1500 so bears don’t have tooo much brass……. yet
So

House speaker going to talk soon. Will he move the markets?

sqz to test vwap (?)

Will fehro or somebody call this a little (possible) invertedH&S on the 1m/5m charts?
SKITTLES what time speaker speaks?

range day, so might rebound all the way up to the rang top this time. not sure.

Al_Dente wrote:Will fehro or somebody call this a little (possible) invertedH&S on the 1m/5m charts?
SKITTLES what time speaker speaks?

Not sure of the exact time but they have the podium set up for him. I'm watching CNBC; I only heard them say "soon."

I hope he isn't a downer because I'm long right now.. looking for a few ticks profit.

Boehner 1245.