10/17/2013 Live Update

[Cobra]

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Could be 3 Push Up so a 2 legged pullback might be due soon. Not sure if the current pullback is the start of the 2 legged pullback though, could be another push up or not, will have to wait and see.

[uempel]

Looking eastwards to Europe: DAX might have topped yesterday.

DAX reached an interesting level - intraday 8860. Applying the closing prices this is a precise Zig-zag from the March 2009 low. 4000 points up to May 2011 and 4000 points from September 2011 to October 2013.

N.B. momentum on DAX is very bullish (weekly and daily), so going against the trend here is a risky business. But it is a very sexy Zig-zag

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2013/10 ... ay-update/

[stlwater]

OptionsX chart. Note any similarities? Could see new ATH on monday / tuesday, or maybe not. Maybe we simply gap down Monday followed by some sickening panic selling. Who knows. My positions haven't changed.

[fehro]

SPX 15m... mind the morning gap

[DellGriffith]

I cashed out my long position today (that I entered weeks ago) for a nice gain.

My own composite signal is still bullish. However, I think Cobra's non stop model will begin to be correct (starting today) with its sell signal it gave a little while back.

Either way, good profit for me. Sitting out for now.

[fehro]

SPX 5m

[Cobra]

good, nothing changed, the market still is in BTFD mode.

[L_T]

Does anyone else think that oil wants to crap it's pants here (daily)?

[uempel]

Ellipses on daily SPX suggest a biggish move for tomorrow Friday

Close-up:

[fehro]

GLD .. big pop on miners.

[gappy]

Hightower. glta.

Capture.PNG

[Cobra]

members only update at 9:55 am
http://www.cobrasmarketview.com/2013/10 ... ay-update/

[stlwater]

Looks like that RS in gold might finally be in place.

[gappy]

oil.PNG

[Cobra]

morning hourly hollow red.

[stlwater]

Bottom fishers might like the setup in Coffee. Been long coffee for a few weeks but added some more this am.

[DellGriffith]

As of late the market has been rallying at gold's expense. Gold just broke out, which probably means the market is about to tank. This likely isn't a BTFD. This is likely going to be a correction IMO.

[stlwater]

As of late the market has been rallying at gold's expense. Gold just broke out, which probably means the market is about to tank. This likely isn't a BTFD. This is likely going to be a correction IMO.

[fehro]

SPX 60m.. possible rising bearish wedge.. .. but way too steep.. so not sure