Cobra's Market View

uempel wrote:Close-up:

69.png

2 min later: the red line was crossed

AAPL is approaching its first sell the rip spot, but look at the power that be try to control the RSI, Hmm...a spike up to top wedge line might be what's in her mind?

uempel wrote:

uempel wrote:Close-up:

69.png

2 min later: the red line was crossed

7 min later: bear trap

Here is my last sell if there is no new low for SPX. SWING (over night not intraday)

nightwolf wrote:What now Mr. Miyagi...Any new P-bars showing up?

Not yet. Generally the price should take a break which it may already have. Also, NYMO is very close to the upper Bollinger bands and could be signaling for a reversal. NYMO reversals, up or down, are not defined in size or time.

Al_Dente wrote:

L_T wrote:Latest red bar says get short (intraday).

boss do u have a quickie explanation of “volatility stop” dots

Here is from freestockcharts.com:

Volatility Stop

The Volatility Stop Indicator helps define the current trend. The indicator plots a red line above the prices bars when a downward trend is detected, and a blue line below the bars when an upward trend is detected. These lines are commonly used as trailing stops.

For my part I find they "just work" most of the time. When they line up with moving averages, lower lows/higher highs, etc. it makes for a stronger signal whatever way things are going. I'm sure with some Googling you could find the exact calculation and that would explain things better than I can.

Update:

TLT enter consolidation phase.

Interesting find on war vs markets:

Oil up/equities down just before war and reversal as soon as war starts.

Weird!

http://money.cnn.com/2013/09/03/investi ... index.html

UUP bullish break out.

can we start twerking yet...i feel it coming on....

thanks L_T

UUP very bullish past weeks, above the upslope 5 and 10day MAs, closed above 50day MA for first time in a long while... but also closed outside its bollinger-band. Today is back under the 50day... may need some cooling off before it gets mojo to wander aggressively higher, esp. with the dollar/yen cross bearing so many crosscurrents.

Another sell triggered on FAS

Richarab wrote:can we start twerking yet...i feel it coming on....

MrMiyagi wrote:!!!!! POWER HOUR !!!!!

That scared the crap out of me!
I refreshed the page and BAMMM ! That POWER HOUR was huge!

Hope it did not scare the bulls

SPX 5m .. minor bull flag... or expanding triangle?.. messy..