Cobra's Market View

Daniel wrote:

JFR wrote:Some DOW stocks, gap down, quick fill. Whither next? Hmmm ...

Today, under the circumstances, you are permitted a Yee Haw! or two.

No worries. Ha ha It is looking like a wild ride. Yee Haw

Can this be right? Good data feed? VXN just now HOD as RVX hits LOD.

JFR wrote:No worries. Ha ha It is looking like a wild ride. Yee Haw

Great picture. Captures the essence of my own current investment strategy.

Hang onto your hat.

ES currently running 15 to 25% of typical volume. This is Warren Buffet's truth, the tide went out (algo liquidity programs shut down) so now we know what the real market looks like.

Daniel wrote:

JFR wrote:No worries. Ha ha It is looking like a wild ride. Yee Haw

Great picture. Captures the essence of my own current investment strategy.

Ups and downs. I would have two hands holding on. LOL Check that. No bronc riding, thank you.

Daniel wrote:Can this be right? Good data feed? VXN just now HOD as RVX hits LOD.

i have both LOD

Fidelity.com Is Down

mind invs H&S SPY 5m.. if it forms.. with higher low.. HOD goes.. target is SPY 275.. otherwise.. /ES 60m big fat bear flag

Right back down, through a pivot. Yee Haw.

Back later ...

Well that was 50 es points in seven minutes. At this point fear is stronger than greed for me.

Where should I be drawing my fib retracements from, the high, or the flat line on 2/4 and 2/5. Currently I have both.

test

Trades with cats wrote:Where should I be drawing my fib retracements from, the high, or the flat line on 2/4 and 2/5. Currently I have both.

good ?!

ot

5 year study weekly sp

so the 34ma has held the market up really well when it has been above the 50ma, with one exception in 2015. that case had to hammer the 50ma (2513 now) before a rebound. 2573 the 34ma, usu a kiss needed.

$billions tied up in that XIV strategy, mostly huge institutions
“…The last day of trading for XIV is expected to be February 20, 2018.” [CS]
The whales are using UVXY, VXX and etc., long and short to try to avoid total loss
Assume massive manipulation of VIX and VIX ETN products that are still trading, all institutional.
This is THREE DAYS ONLY, percentage change of UVXY
Best to stay away
1min

Al_Dente wrote:$billions tied up in that XIV strategy, mostly huge institutions
“…The last day of trading for XIV is expected to be February 20, 2018.” [CS]
The whales are using UVXY, VXX and etc., long and short to try to avoid total loss
Assume massive manipulation of VIX and VIX ETN products that are still trading, all institutional.
This is THREE DAYS ONLY, percentage change of UVXY
Best to stay away
1min

26uvxy.png.png

insane, I was wondering how come only UVXY allowed to run...huh, makes sense now.

Poor retail investors are wiped out big time...feel sorry for them..worst is even who were long VIX also got kick..ofcourse on Canadian side..

FuturesTrader71 was guessing this morning at a move up to around 2635 then a drop today into the 2570's. So that moving average is a real possibility.

Trades with cats wrote:Where should I be drawing my fib retracements from, the high, or the flat line on 2/4 and 2/5. Currently I have both.

mine from the high 1/26

The first rules based system I came up with used McClellan Oscillator and some other stuff. In back testing it worked fine except when we had a waterfall sell off. The fib retracements seem to do a pretty good job on dealing with the waterfalls if they are set up correctly. It has been so long I can not even find my notes anymore.
This is sure looking like a waterfall to me, we will know for sure by tonight I think.