02/21/2013 Live Update

Post by **Cobra** » Thu Feb 21, 2013 9:56 am

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Small gap down but below yesterday's low, so not sure if the gap will be filled. Usually any gap after a Major Distribution Day would be filled on the same day though.

The selling was strong on Global ES, till now even not a Bear Flag was established, so likely this bear has legs.

Post by **Cobra** » Thu Feb 21, 2013 9:59 am

members only update starts here: http://www.cobrasmarketview.com/2013/02 ... ay-update/

SigmaEcho · Post by **SigmaEcho** » Thu Feb 21, 2013 10:01 am

Cobra wrote:If you're StockCharts member, please do me a little favor by "vote" and the most importantly "follow" my public chart list HERE. You need "follow" only once but vote can be done everyday, so whenever you have time, please vote for me, thanks! If you're not StockCharts member, you can also help boosting my rank by clicking the link once everyday.

Please, again, all my calls in the daily live update is for intra-day only, they're absolutely invalid when the closing bell rings. If you're interested in the forecast for days and weeks, Please subscribe my Daily Market Report.

Personal attack on any board members won't be tolerated. Please limit your topic to trade related only.

I'm very busy during the trading hour, so your question posted on board might not be answered. For a guaranteed answer to your question please send email to [email protected].

Small gap down but below yesterday's low, so not sure if the gap will be filled. Usually any gap after a Major Distribution Day would be filled on the same day though.

The selling was strong on Global ES, till now even not a Bear Flag was established, so likely this bear has legs.

GM Cobra,

I noticed the moneyflow blocktrades up/down ratio at 1.50 so big guys buying?

tnx

TWT · Post by **TWT** » Thu Feb 21, 2013 10:04 am

$DAX_F: One more down leg should complete wave (1) of (C)

KeiZai · Post by **KeiZai** » Thu Feb 21, 2013 10:05 am

GM

DAX:

O: viewtopic.php?f=2&t=831&p=118660#p118660

Euro: met

Copper: viewtopic.php?f=2&t=825&p=117830#p117830

ES : Likely small leg down then BTFD for rebound

SPX big pic

Al_Dente · Post by **Al_Dente** » Thu Feb 21, 2013 10:05 am

Don’t forget China:
“Home sales in China’s 10 biggest cities almost quadrupled …”
“The PBOC will try to tighten liquidity this year to counter rises in home prices and also to curb inflationary pressures at the consumer level
…It will try to drain liquidity via open-market operations ….
http://www.bloomberg.com/news/2013-02-2 ... redit.html

Today’s docket: (CPI and Jobless Claims already came in a bit soft)

Al_Dente · Post by **Al_Dente** » Thu Feb 21, 2013 10:08 am

Correction: It’s Now or Never
“…there must be some real sellers to generate a decent correction. A dearth of sellers has been a major reason for the recent melt up…”
http://www.ritholtz.com/blog/2013/02/co ... Picture%29

http://www.youtube.com/watch?v=QkMVscR5YOo

TraderJoe · Post by **TraderJoe** » Thu Feb 21, 2013 10:09 am

[quote="KeiZai"]GM

Copper: viewtopic.php?f=2&t=825&p=117830#p117830

copper21.png

Hi KeiZai,
I read today, a person expects copper to drop a lot in the near future. Do you read that??
TIA,
Joe

Al_Dente · Post by **Al_Dente** » Thu Feb 21, 2013 10:13 am

: einsteins coffee.png (204.36 KiB) Viewed 8107 times

KeiZai · Post by **KeiZai** » Thu Feb 21, 2013 10:15 am

TraderJoe wrote:
KeiZai wrote:GM

Copper: viewtopic.php?f=2&t=825&p=117830#p117830
copper21.png

Hi KeiZai,
I read today, a person expects copper to drop a lot in the near future. Do you read that??
TIA,
Joe

Hi TJ depends on China but not looking good, that's too far away for me

I am trading step by step aka wave after wave

If u want I will keep u updated

TraderJoe · Post by **TraderJoe** » Thu Feb 21, 2013 10:16 am

KeiZai wrote:
TraderJoe wrote:
KeiZai wrote:GM

Copper: viewtopic.php?f=2&t=825&p=117830#p117830
copper21.png

Hi KeiZai,
I read today, a person expects copper to drop a lot in the near future. Do you read that??
TIA,
Joe
Hi TJ depends on China but not looking good, that's too far away for me I am trading step by step aka wave after wave If u want I will keep u updated

Yes, Please do

TraderJoe · Post by **TraderJoe** » Thu Feb 21, 2013 10:19 am

TraderJoe wrote:
KeiZai wrote:
TraderJoe wrote:
KeiZai wrote:GM

Copper: viewtopic.php?f=2&t=825&p=117830#p117830
copper21.png

Hi KeiZai,
I read today, a person expects copper to drop a lot in the near future. Do you read that??
TIA,
Joe
Hi TJ depends on China but not looking good, that's too far away for me I am trading step by step aka wave after wave If u want I will keep u updated
Yes, Please do

I read, copper is about 3.60 now and they expect it to drop to 2.15 first then it could drop to 1.13???

TWT · Post by **TWT** » Thu Feb 21, 2013 10:19 am

$TLT: Bullish setup > 117.04

Harapa · Post by **Harapa** » Thu Feb 21, 2013 10:21 am

Momentum Block

Global Equity Futures: Bearish
Key Currency Pairs: Bearish (Bearish SPY)
Another thing to note is the rise in VDAX (VIX equivalent for DAX Index); up intraday by ~9% so far (not shown here).
http://www.bloomberg.com/quote/V1X:IND
Bulls need to be careful here.

L_T · Post by **L_T** » Thu Feb 21, 2013 10:23 am

[quote="Al_Dente"]Don’t forget China:
“Home sales in China’s 10 biggest cities almost quadrupled …”

That's sustainable......

johnnywa · Post by **johnnywa** » Thu Feb 21, 2013 10:24 am

KeiZai wrote:GM

DAX:

O: viewtopic.php?f=2&t=831&p=118660#p118660

DAX-b.png
Euro: met
EURO-L.png
Copper: viewtopic.php?f=2&t=825&p=117830#p117830
copper21.png
ES : Likely small leg down then BTFD for rebound

SPX big pic
SPX-21.png

How high the rebound?? I am still looking for 1543 next week before a bigger decline commences

ClarkW · Post by **ClarkW** » Thu Feb 21, 2013 10:27 am

KeiZai: What's your take on Coffee? We got the lower low you mentioned two weeks ago but is it low enough?

Post by **Cobra** » Thu Feb 21, 2013 10:29 am

SigmaEcho wrote:
Cobra wrote:If you're StockCharts member, please do me a little favor by "vote" and the most importantly "follow" my public chart list HERE. You need "follow" only once but vote can be done everyday, so whenever you have time, please vote for me, thanks! If you're not StockCharts member, you can also help boosting my rank by clicking the link once everyday.

Please, again, all my calls in the daily live update is for intra-day only, they're absolutely invalid when the closing bell rings. If you're interested in the forecast for days and weeks, Please subscribe my Daily Market Report.

Personal attack on any board members won't be tolerated. Please limit your topic to trade related only.

I'm very busy during the trading hour, so your question posted on board might not be answered. For a guaranteed answer to your question please send email to [email protected].

Small gap down but below yesterday's low, so not sure if the gap will be filled. Usually any gap after a Major Distribution Day would be filled on the same day though.

The selling was strong on Global ES, till now even not a Bear Flag was established, so likely this bear has legs.

GM Cobra,

I noticed the moneyflow blocktrades up/down ratio at 1.50 so big guys buying?

tnx

one day might not mean anything (money flow was not very negative yesterday).

Post by **Cobra** » Thu Feb 21, 2013 10:30 am

the open.

KeiZai · Post by **KeiZai** » Thu Feb 21, 2013 10:31 am

johnnywa wrote:
KeiZai wrote:GM

DAX:

O: viewtopic.php?f=2&t=831&p=118660#p118660

The attachment DAX-b.png is no longer available
Euro: met
The attachment EURO-L.png is no longer available
Copper: viewtopic.php?f=2&t=825&p=117830#p117830
The attachment copper21.png is no longer available
ES : Likely small leg down then BTFD for rebound

SPX big pic
The attachment SPX-21.png is no longer available
How high the rebound?? I am still looking for 1543 next week before a bigger decline commences

hi J depends where stops, most likely outcome is this one

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