04/08/2013 Live Update

[kenttown]

Cobra, green close good for bears? 13 opposite days.

[gasprice]

I noticed the last two posts by Cobra for members had the title "buying climax" and "CPCE top signal". Are people still calling tops?

I guess traders ignored these readings which came in at the exact same level as the day the market touched 666 and bottomed in March, 2009. Ignore at your own peril. There is only one strategy you need to know for YEARS. It's called "buy the dip". Never enter a short trade. This is not something I'm saying as a joke. It's real investment advice I'm publishing in articles and telling friends and family. There is real research that goes way beyond this chart to support my claims. Even though there will be dips, they will be so small as to be impossible to time profitably, so better to buy dips and take profits on rallies at leisure, perpetually for years.

Did you know that the markets didn't dip much at all for 40 out of the last 100 years? From 1942 to 1965, the Dow never dipped much at all. From 1981 to 2000, the market barely dipped (87 crash didn't even dent the trend at all). There can be 20 year periods without any serious corrections.

[Unique]

Cobra, green close good for bears? 13 opposite days.

If green today, red tomorrow right?

Cobra's having easy predictions lately

[TraderGirl]

Is that TraderGirl in that picture?

[uempel]

I don't see any significant signals on the daily/weekly SPX (I've been focusing on DAX today), but the situation on the SPX 60min is interesting. Alcoa results will presumably show the path - my best guess is a fake pop resp a bull trap tomorow

Update 60min chart:

The attachment 60min2.png is no longer available

Does that fit in with your other ellipse charts you have been posting?

[Jupiter]

vix is about to form inverse H and S

what would be the target? Thx.

[Cobra]

another small ascending triangle like pattern, so the bias still is up.

[TraderGirl]

I don't see any significant signals on the daily/weekly SPX (I've been focusing on DAX today), but the situation on the SPX 60min is interesting. Alcoa results will presumably show the path - my best guess is a fake pop resp a bull trap tomorow

The attachment 34.png is no longer available

Update 60min chart:

The attachment 60min2.png is no longer available

Does that fit in with your other ellipse charts you have been posting?

Pattern repeat??

[TumblingDice]

I noticed the last two posts by Cobra for members had the title "buying climax" and "CPCE top signal". Are people still calling tops?

I guess traders ignored these readings which came in at the exact same level as the day the market touched 666 and bottomed in March, 2009. Ignore at your own peril. There is only one strategy you need to know for YEARS. It's called "buy the dip". Never enter a short trade. This is not something I'm saying as a joke. It's real investment advice I'm publishing in articles and telling friends and family. There is real research that goes way beyond this chart to support my claims. Even though there will be dips, they will be so small as to be impossible to time profitably, so better to buy dips and take profits on rallies at leisure, perpetually for years.

Did you know that the markets didn't dip much at all for 40 out of the last 100 years? From 1942 to 1965, the Dow never dipped much at all. From 1981 to 2000, the market barely dipped (87 crash didn't even dent the trend at all). There can be 20 year periods without any serious corrections.

You do realize that we are at the biggest resistance level of our generation? Looking at a long term chart of the SPX it is hard to find resistance that seems to hold as much significance as this one. By itself the odds are 50/50 but with other indicators showing "thin-air" hard to sustain conditions for this rally, odds seem to suggest that this resistance will hold for now.

[Denali92]

Makes sense to me - just based on not enough fear around the employment low for it to be lasting... (based on the past....) and we basically have only had today's opening hour as a proper red candle since the middle of Thursday yet prices are at the same level.... I think that means with Cobra's N vs N rule that Bears are stronger.... but I do not know whether that applies to just dailies or also hourlies....

Thanks,

-D

I don't see any significant signals on the daily/weekly SPX (I've been focusing on DAX today), but the situation on the SPX 60min is interesting. Alcoa results will presumably show the path - my best guess is a fake pop resp a bull trap tomorow

34.png

Update 60min chart:

60min2.png

Does that fit in with your other ellipse charts you have been posting?

[THAT GUY]

another small ascending triangle like pattern, so the bias still is up.

Bears are over ?

[Unique]

3:00PM Almost - Ready?

Fear vs. Greed, we might have a show today, after all.

[MrMiyagi]

[Unique]

AAPL ATTENTION BEARS SQUEEEEEEEEEEEEEEZE TIME

Alright, 3PM signal is ready. The 2pm hourly bar held above 50% of 1pm. Now or never....

[Cobra]

members only update ate 3:04 pm
http://www.cobrasmarketview.com/2013/04 ... ay-update/

[MrMiyagi]

!!!!!! POWER HOUR !!!!!!

Sorry... was in a coma..

[Darkmatter]

RU saying bears r:

I noticed the last two posts by Cobra for members had the title "buying climax" and "CPCE top signal". Are people still calling tops?

[Al_Dente]

RU saying bears r:

[Al_Dente]

First time all day XIV is trying to breach her 20ma

[Cobra]

false breakout, but chart pattern not bad yet.