05/23/2013 Live Update

[Cobra]

I consider 100% MM target met. if bulls can consolidate here, that'd be good for them.

[lqiantobe]

Cobra, I upgraded to Bronze membership, how come I still can't see the membership posting?

can you send me an email to [email protected]. I see one upgrade but it's not you. the other one bought 2 weeks trial but the email doesn't match yours on the record, so I need know if it's you.

Thank you! just send

[uempel]

EMA 3 on the BPSPX: I'm intrigued by BPSPX Renko: Looks as though EMA 3 on the daily is the better indicator for short term direction. There are no intraday BP charts so this is the best we have

[TWT]

$SPX: Short term wave count

[BullBear52x]

The sell may come in before high RSI.

[Cobra]

this kind of consolidation favors bulls.

[jademann]

Isnt there a rule that says 3rd touch is a fail?

http://finance.yahoo.com/echarts?s=SPY+ ... =undefined;

[uempel]

Reminder:

[Cobra]

members only update at 12:01 pm
http://www.cobrasmarketview.com/2013/05 ... ay-update/

[ALdaytrade]

Out of Bounds:

Hello, I would like to know specifically what lead you to the statement, "I see a gap down in the morning."

If you would not mind sharing, what did you see? Hope you see this when you get back to your trading.


Re: 05/22/2013 Live Update
by Out of Bounds » Wed May 22, 2013 11:58 am

Guys, I have to pick up an out-of-town guest at the airport. I will not be trading tomorrow so I think it best to close my shorts even though I see a gap down in the morning.
Taking profit. - Neutral.

[Cobra]

possible target if breakout (not yet), I think $165.90 at Fib 38.2% is reasonable.

[Cobra]

why measured move works mostly nowadays? because nowadays tradings are mostly done by computers.

[quatzl]

For fun, 3 push up, to time with uempels signal.

[Cobra]

breakout indeed. let's see how this wedge unfolds.

[uempel]

Note that the signal points to a few minutes before 12:30 p.m. - I guess it's about 12:23 p.m.

[MrMiyagi]

[Cobra]

support. wait.

[Cobra]

this pullback shall have small leg. here's the guess.

[TWT]

$VIX: Could it be forming a Triangle ?

[Cobra]

rebound has expected now key part of my call, any small 2nd leg down somewhere...