10/21/2013 Live Update

[Cobra]

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Could be another narrow range consolidation therefore the bias is a little bit on the upside.

[Cobra]

the week's stock picks are here: http://www.cobrasmarketview.com/2013/10 ... ock-picks/

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2013/10 ... ay-update/

[gappy]

Hightower: glta.

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[uempel]

Long term and short term views:

[fehro]

SPX 60m

[uempel]

Time signal at 11:00 a.m. - suggests a good move either down or up

[fehro]

SPX 60m

[uempel]

Update VIX 60min:

[gappy]

Yellen ammo backed by tight lending scam.

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[Cobra]

members only update at 10:03 am
http://www.cobrasmarketview.com/2013/10 ... ay-update/

[Cobra]

this bull shall have legs.

[Cobra]

will use this system starting from today. let me know if you have better idea to solve the unsolved issue.
http://www.cobrasmarketview.com/123-system/

[TWT]

$SPX: Ending Diagonal wave (5) of (Y) ?

[Cobra]

well, forget about bull has legs, this bear shall have small legs, then we'll see whether bulls are over for today.

[uempel]

Update of a chart I posted earlier - see the small break out which has now been retraced:

[fehro]

SPX 15m

[simpletrader]

Update of a chart I posted earlier - see the small break out which has now been retraced:

12.png

if it is fast, doesn't mean B is stronger than A?

[Mr. BachNut]

Neutral.

My summation signal is up.
My composite trend signal is up.

I missed my entries last week and have elected not to chase.
It is painful to watch from the bench but potential gain to pain ratios don't work for me here.
I have trades working in other markets and those will have to do the work for now.
There is a good case for a pullback or a consolidation soon, which may provide me with a functional entry...or not.
It stands to reason that any dip will be bought unless it comes with some unforeseen catastrophe.
In my daydreams, I find myself imagining some sort of triangle consolidation thing emerging, which could break up in a bubble mania or break down in a correction some time in November.
However, I don't know what will happen. We'll just have to see.

[uempel]

well, forget about bull has legs, this bear shall have small legs, then we'll see whether bulls are over for today.

Dear friend, being a snake you're always dreaming of legs