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09/22/2012 Weekend Update

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Cobra
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09/22/2012 Weekend Update

Post by Cobra »

institutional accumulation and distribution from stocktiming, nothing interesting, accumulation decreasing, distribution increasing but not enough to make the market down.
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Cobra
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Re: 09/22/2012 Weekend Update

Post by Cobra »

liquidity flow from stocktiming, funny, it still not at the extreme top, so again argues this rally is weak than the previous one. How come this be? doesn't now the market have as much free money as we could ever image?
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Cobra
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Re: 09/22/2012 Weekend Update

Post by Cobra »

algo is the best chart of stocktiming in my opinion. when the chart in overbought area and having negative divergence, a short-term pullback is due.
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Cobra
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Re: 09/22/2012 Weekend Update

Post by Cobra »

surprisingly, AAII and II not crazy yet, isn't this market supposed to up and up and up forever? Isn't this once in a life time chance we all retire earlier? :o
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Cobra
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Re: 09/22/2012 Weekend Update

Post by Cobra »

Smart Money still huge short (meaning they're long).
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Cobra
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Re: 09/22/2012 Weekend Update

Post by Cobra »

yes, we like risk because we'll be rich soon!
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Re: 09/22/2012 Weekend Update

Post by Cobra »

Will Dow Theory ever work from now on?
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Re: 09/22/2012 Weekend Update

Post by Cobra »

gold golden crosses is actually a short-term sell signal: http://www.cobrasmarketview.com/gold-golden-crosses/

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Cobra
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Re: 09/22/2012 Weekend Update

Post by Cobra »

Sell on Rosh Hashanah and Buy on Yom Kippur: http://www.cobrasmarketview.com/sell-on ... om-kippur/

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Al_Dente
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Re: 09/22/2012 Weekend Update

Post by Al_Dente »

Cobra wrote:gold golden crosses is actually a short-term sell signal: http://www.cobrasmarketview.com/gold-golden-crosses/
SWEET
Thanks cobra
I guess I better vote 4 u today :mrgreen:
http://stockcharts.com/public/1684859
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Cobra
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Re: 09/22/2012 Weekend Update

Post by Cobra »

Al_Dente wrote:
Cobra wrote:gold golden crosses is actually a short-term sell signal: http://www.cobrasmarketview.com/gold-golden-crosses/
SWEET
Thanks cobra
I guess I better vote 4 u today :mrgreen:
http://stockcharts.com/public/1684859
Yes, please, thanks.

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KENA
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Re: 09/22/2012 Weekend Update

Post by KENA »

sc.png
IMHO on the mkt action..Note the trans are still going dn but the mkt is going up. This has happened before and the mkt did correct.The mkt is front running up above the economy due to QE3,Trans may be the correct trend.UPS has been a good indicator in the past and I belive this will continue.It is in a dn trend.The daily 20/50 ma and 50/200 ma have crossed,this is not a good sign for continued mkt up trend.Watch for the weekly 20/50 ma cross of UPS. It is very close right now and this will indicate a mkt dn trend starting. The weekly 50/200 cross has a ways to go to cross.But for now watch the 20/50 weekly cross, its a start.Note also the MACD is tending dn favoring a coming crossover. Nuff for now, Later.
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Al_Dente
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Re: 09/22/2012 Weekend Update

Post by Al_Dente »

Thursday’s $NYLOW was 11 …. that’s a healthy number for bulls.
Friday’s $NYLOW was 23… that’s a healthy number for bulls.
When it gets/stays above 40-50 that will be not so healthy.
922wkndlows.png
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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ZimZeb
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Re: 09/22/2012 Weekend Update

Post by ZimZeb »

Just a weekly reproduction of an A_D special:
dvyspxew092212.png
Betcha wanna click this don't ya!
Image
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KENA
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Re: 09/22/2012 Weekend Update

Post by KENA »

Cobra thanks for your daily info it is a lot of work but your info is worth it.I see Al-Dente is here this morn..Hi Al and I like your daily charts and info thru out the trading day.Seems like we all cannot get enough info.Most of my time goes into researching individual stocks to swing trade either long or short and only some mkt trends.Cobra,s site with all the other info fills the gap.Thanks all.
shaca
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Re: 09/22/2012 Weekend Update

Post by shaca »

weekly piercing line on usd-cad and hanging man on spx and aud/usd; will they work this time?
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Cobra
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Re: 09/22/2012 Weekend Update

Post by Cobra »

KENA wrote:Cobra thanks for your daily info it is a lot of work but your info is worth it.I see Al-Dente is here this morn..Hi Al and I like your daily charts and info thru out the trading day.Seems like we all cannot get enough info.Most of my time goes into researching individual stocks to swing trade either long or short and only some mkt trends.Cobra,s site with all the other info fills the gap.Thanks all.
Thanks. You provide lots of info either so I should thank you too. :mrgreen:

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Petsamo
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Re: 09/22/2012 Weekend Update

Post by Petsamo »

Last year when oil was getting hammered and very oversold short-term, Obama stated he'll release some oil reserves (bearish for oil). Approximately 2 to 3 days later, oil bottomed and rallied.

This year, at very overbought levels, Bernanke announced QE3 (bullish for stocks). The top of the SPX or SPY occurred the day after the announcement.

The point is, sometimes the market bottoms on very bearish news, or tops at very bullish news.

In other news, someone was looking at IYR. If IYR continues to be weak relative to IWM, I think I'll swing trade into it Monday.

Image

I'm keeping an eye on NSC also.
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Jupiter
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Re: 09/22/2012 Weekend Update

Post by Jupiter »

KENA,

Regarding UPS, what's the next support? Can it still be shorted at the current price?

Thanks in advance!
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KENA
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Re: 09/22/2012 Weekend Update

Post by KENA »

Jupiter wrote:KENA,

Regarding UPS, what's the next support? Can it still be shorted at the current price?

Thanks in advance!
Ups has had a 10 point pull back off of hi and 3+ points lately and is close to res.The R/REW( risk/reward)will a lot better if it pushes dn from where it is and the the weekly 20/50 ma crosses.It is fairly heavely shorted so could have a short term pop up.Volume was heavy Fri. It did recover about 3/4 point on its dn move on fri.I would wait a day or two and see what it and the mkt will do next week.It may follow the mkt trend.
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