08/27/2013 Live Update

[Cobra]

members only update at 1:59 pm
http://www.cobrasmarketview.com/2013/08 ... ay-update/

[MrMiyagi]

SPY

[TraderGirl]

tradergirl
great
thanks

[Al_Dente]

TRIN hit 2.0

[Xian]

Hi all,

Just wanted to pop in and thank everyone for all the great calls lately: Al's dome, Uempel's charts (and gentle warnings), Cobra's reports (+gut instinct)— all right on the money.

Also, ajvs, fehro, and BB52 all NAILED their AAPL calls— Thanks guys.

Sorry if I've left anyone out.

Best TA shop on the planet right here.

[MrMiyagi]

TRIN hit 2.0

I don't see that bud.. maybe my charts are on a delay?

[Cobra]

pullback indeed. now 2nd test of the low, so another 50% chances for bulls. really hard to call this kind of market. almost always seems reversal is imminent.

[Daniel-David]

Update for S&P traders

Thanks, Dowtrader! Many of us key off the SPY and the underlying SPX index.

[TraderGirl]

JOEGAMMA
Too early to tell……..wait for later in the day…….
I won’t hold short overnight, as the A/D and volume ratios are too overdone, and may need a pop, which often comes in the form of a little gap-up open in the morning, or a bounce in the am, just to reset……
too soon to tell........this may bounce right here right now......


TRADERGIRL
Can u show us a chart or something re your “bounce tomorrow” thanks

I will show you a chart of RUT...nice example of some wave counts...

we had 5 waves down without a lower low...that means it is impulsive down not an ending wave...additionally, because it is impulsive, it will therefore not get a higher high, and the impulsive nature most likely guarantees a lower low...

THANKS FOR SHARING SOME SECRETS!

Note: iwm:rvx has lower low from last week, as do most indices (IYT does not-trannines big part of r2k)
lets see what/when RUT does

I don't have any chart to show you, they are proprietary and difficult to decipher...

[dowtrader]

Update for S&P traders

Thanks, Dowtrader! Many of us key off the SPY and the underlying SPX index.

Welcome

[TraderGirl]

TRIN hit 2.0

I don't see that bud.. maybe my charts are on a delay?

I see about 1.8...

[fehro]

Hi all,

Just wanted to pop in and thank everyone for all the great calls lately: Al's dome, Uempel's charts (and gentle warnings), Cobra's reports (+gut instinct)— all right on the money.

Also, ajvs, fehro, and BB52 all NAILED their AAPL calls— Thanks guys.

Sorry if I've left anyone out.

Best TA shop on the planet right here.

thanks... talking AAPL... H&S target almost there..

[Xian]

Hi all,

Just wanted to pop in and thank everyone for all the great calls lately: Al's dome, Uempel's charts (and gentle warnings), Cobra's reports (+gut instinct)— all right on the money.

Also, ajvs, fehro, and BB52 all NAILED their AAPL calls— Thanks guys.

Sorry if I've left anyone out.

Best TA shop on the planet right here.

thanks... talking AAPL... H&S target almost there..

Fehro, Thanks for the updated chart....

http://www.youtube.com/watch?v=FONN-0uoTHI

[Al_Dente]

TRIN hit 2.0

I don't see that bud.. maybe my charts are on a delay?

I see about 1.8...

It was from my schwab feed
It beeps at 2.0
Now pulled back to 1.46 (on schw), now 2.0 again…
edit: now 2.07..........schwab feed........

[MrMiyagi]

It was from my schwab feed
It beeps at 2.0
Now pulled back to 1.46 (on schw), now 2.0 again…
edit: now 2.07..........schwab feed........

Thanks Al

[fehro]

so you know the saying don't "short" a boring market... does that work the other way round.. don't go long.. in boring down market?

[Daniel-David]

NYSE up/down volume most lopsided skew to the downside today since late June. (per Stockcharts)

[Cobra]

officially not yet, but I think it's gone the 50% chances of reversal. tinted area could be the target, not sure this part though.

[gappy]

4 hour SPY inverse h@s w/cat ears.

spy.png

[MrMiyagi]

SPX