07/12/2012 Live Update

[gappy]

Took profits on all shorts and now will be going long swing trades in 4-5 stocks. All have had good pull back off highs and may start up tending.To me with what little I know the mkt of stocks( not indexes) seems to be wanting to creep up in some stocks.So let see what happens for a few days.

we r on the same page. this week is done.

Hi Soku...Glad to see that I'm not alone..

Just eyeballing the chart, I look for the May 17 close level (130.86) a likely spot to revisit and dump shorts, if there is no macro monkey business involved. No disrespect to resident primal board members.

[KENA]

The # of strong stocks should start to move up ??? Lets see. (chart by stock timing)

[Cobra]

" more rebound, low was in " what a jocke............

I follow Cobra's calls. Paid for my Cobra subscription for the rest of my life in the last month alone. Nobody can call the market hour by hour perfect every day. Take a stop loss and move to the next trade, that's what I did.

Thanks. I don't know what's going on. It's just one day call yesterday, I said "there're some chances the low MIGHT BE IN" and I showed the chart why we might have a rebound "SOON". If this counts as wrong, well, go find other newsletter writers. Rarely people can call market in this details like I do. So I really don't know what is going on here.

[SWalsh]

I see a rally

Then you are the perfect man to post this chart to!

Hey, remember when they kept you up for days and how you felt? I've had about 2 hours sleep in 26 hrs. I am bouncing off the walls. Not sure if that means I'm in a satori, or if I produced giggerish:

[BenAndLloyd]

Cobra,
Pl ignore the naysayers and continue to do your magic. You don't need any (more) validation.

[OverUnder]

A lot of green candles to come before 15 minute MACD even thinks about topping.

[TraderJoe]

Cobra,
Pl ignore the naysayers and continue to do your magic. You don't need any (more) validation.

I'll sign this petition

[Al_Dente]

Tradermatti must be a newbie, so I can’t pick on him
HELLOOOOOOOOO:
He neglected to see cobra’s last night “Portfolio Update” showing which order was FILLED AT A NICE PRICE !!!!

[Petsamo]

Let's do a pullback

[Al_Dente]

SQZ

[nicha]

Cobra - I saw your post on AAPL last night. I am holding some August calls. Has your opinion changed?

[KENA]

If you look at the spy 5min chart you will see a good C&H formed.No one posted this info so though I would.Watch the charts.

[Cobra]

very strong rebound so far.

[Al_Dente]

Cobra,
Pl ignore the naysayers and continue to do your magic. You don't need any (more) validation.

hi ben
post yr renko
PRETTY PLEEEEZE

[Cobra]

Cobra - I saw your post on AAPL last night. I am holding some August calls. Has your opinion changed?

you mean the trading system changed the mind? No.

[TraderGirl]

FAS says potential bear flag...

[brandyjoco]

Tradergirl,
Just dropped the kids off at summer care and got into work. Thanks for the warning about UVXY - it sure did drop fast! Your charts on NUGT are awesome!

[Al_Dente]

One min
U can hardly see AAPL in green behind spy, as she is squeezing inch-by-inch with spy
[ps: this is a wussie sqz.........SO FAR........

[lilitulip]

i agree, i think gdx could drop to around 35. from high to low at 0.382.

TraderGirl,
Do you think the $8 low in NUGT is the low for now???

I am wondering the same thing...Looking at GDX we are right at that trend line support, but the wave count says we could be in a wave 5, which would give us a new low...but knowing we could be getting another correction in August I would not be surprised to see it bounce here, then make the new low in August...I can't tell you, have to see if it maintains this support line...

I don't want to get in trouble with tradematti...

[ballatines]

cobra ... can we count AAPL double top? or any pattern in shorter time frame?