Cobra's Market View

Petsamo wrote:

L_T wrote:

Cobra wrote:Q&A: XHB Home builders.

Q & A? How about "I hope you are right!" as I own XHB in my retirement account. Look at a weekly chart as it looks like it wants to make new multi-year highs.

XHB looks like it has a flag.
I see a flag as just a holding pattern, as it decides what it wants to do, drop or continue to rise.

Mr. BachNut wrote:Merry Christmas to all for whom it applies, and for everyone else, best wishes for whatever you may celebrate this holiday season.
As a gift, let me share the following wisdom, which was posted somewhere on the web some weeks ago by someone I can't remember but to whom credit is due.
Enjoy.

Excellent post. See comments below. MERRY CHRISTMAS!!!!


11 Things They Didn’t Tell Me About Being a Trader

1. Filling in your day with non-trading activities so that you don’t tinker with your plan is harder than you’d think.

I do projects now - like tinker with my old truck

2. Finding other traders who understand where you’re at is critical to your success.

Two old and dear friends have the trading bug...I'm no longer a lone wolf and makes a world of difference

3. Handling the profits is just as hard as handling the losses.

Who would have thought the profits might actually be harder...

4. Over time you begin to become unemployable. Eventually you won’t want any other job.

Ok, I am now a bum but I love what I do

5. Trading with your back to the wall out of desperation doesn’t work.

Gratefully not there today

6. Trading Plan + Time + Support = Trading Success

Support from other professionals is priceless IMHO

7. Sometimes non-traders will irritate the beegeebeez out of you because they’ll think you’re a gambler, unemployed, irresponsible or a stuck up mole with too much money. Luckily, you and I know that trading is a noble profession where we live by our wits and get paid in direct proportion to our levels of discipline.

One of my friends called me a gambler recently and I almost slapped him

8. Your relatives won’t respect or understand what you do, but when there’s a crisis that money can fix – you’ll be the first person they run to.

I'm just lucky on this one. Still amazed they let me be continue to be a member of this family.

9. You’ll need to find a deeper meaning in your life than just earning money.

Love your neighbor.

10. The extra face to face time you spend with your family and the people you CHOOSE to be with is the most incredible gift trading can provide.

It's becoming clear how precious this gift is.

11. The choices that this way of life opens up simply can’t be understood by the outside world.

This one is still sinking in. Hard to wrap my small mind around sometimes

Royal Flush wrote:Merry Christmas everyone. My polynomial regression channel indicates we are bottoming here.

xrizgES_03-13_(60_Min)__12_24_2012.jpg

Al_Dente wrote:PAGE KENA
Big dome, little dome targets; both met
Back-testing at the 38% fib
What's next boss?
I think she may bounce down to fill a gap or test a low ???
(Merry Xmas boss )

The attachment 1224domes.png is no longer available

BullBear52x wrote:

Petsamo wrote:

L_T wrote:

Cobra wrote:Q&A: XHB Home builders.

Q & A? How about "I hope you are right!" as I own XHB in my retirement account. Look at a weekly chart as it looks like it wants to make new multi-year highs.

XHB looks like it has a flag.
I see a flag as just a holding pattern, as it decides what it wants to do, drop or continue to rise.

IYR anyone? Swing first sell countertrend, intraday first sell the rip, let see how it goes from here. a little aggressive I know.

Mr. BachNut wrote:Nice truck 67chevy!

KENA wrote:In the absent of Miyagi we have a P Bar at 142.75. Let see if it goes today..It would not suprise me.

67Chevy wrote:

Mr. BachNut wrote:Nice truck 67chevy!

Thanks, Mr. B.

Nice wig.