03/25/2013 Live Update

[L_T]

This kind of attitude is key to successful trading

"Sorry I'm too lazy to search your old posts. What are your turn dates again? Thanks!"

Hey!!! Are good web-crawling skills a prerequisite for good trading?

[L_T]

Al I know you watch VWAP---on SPY 5-min are we just testing that before another trip down? I know that goes against the Cobra-kai school of thought at the moment (there is no fear of bears in this dojo!!!) but maybe it will play out this once?

[TraderGirl]

I like to label waves in easy to understand wave names...I don't add X, Y, Z...blah, blah, blah...unnecessary in my opinion...this may be a simplistic way of looking at Elliott Wave, but that is sometimes how you have to think about it...

It's either abc or 12345...a C wave is mostly (not always) made up of 5 waves, and is typically an ending wave (not always) but mostly...so statistics are on the side of an ending wave...

We now have a potential "ending wave", since we have a "C" wave ending with 5 waves...so a considerable pullback is possible here...

Sorry I'm too lazy to search your old posts. What are your turn dates again? Thanks!

Hi LT, I will just post what I think how the waves could "possibly" play out...

[fehro]

SPX 5m channel... or invs H&S? target 1566ish

[Al_Dente]

Al I know you watch VWAP---on SPY 5-min are we just testing that before another trip down? I know that goes against the Cobra-kai school of thought at the moment (there is no fear of bears in this dojo!!!) but maybe it will play out this once?

vwap test failed on lower momentum
if she's a nice pretty pretty bear she'll fail here
INTRADAY ONLY

[toddymc]

Sorry I'm too lazy to search your old posts. What are your turn dates again? Thanks!

I believe Today is a CIT date latitude of Venus George Bayer rule #40:
http://time-price-research-astrofin.blogspot.ca/
Bradley index dates have us at a high on full moon area TH/FRI.

[Al_Dente]

L_T
Now pretty bear wants lower low then low-on-day LOD
Pretty bear DOES NOT WANT higher low
INTRADAY………

[ClarkW]

I like to label waves in easy to understand wave names...I don't add X, Y, Z...blah, blah, blah...unnecessary in my opinion...this may be a simplistic way of looking at Elliott Wave, but that is sometimes how you have to think about it...

It's either abc or 12345...a C wave is mostly (not always) made up of 5 waves, and is typically an ending wave (not always) but mostly...so statistics are on the side of an ending wave...

We now have a potential "ending wave", since we have a "C" wave ending with 5 waves...so a considerable pullback is possible here...

Outstanding post TG! Outstanding

[KeiZai]

Not sure but possible HnS forming also in XIV

[ClarkW]

Don't know what's going on with nat gas the past couple hours but I like it. I'm mostly out today and have been for the past 4 days (annual "guy's weekend" for March Madness and I'm still recovering)

Good luck to all!

[ClarkW]

Paging Al: GDX looks lost, she needs to figure out where she's going and I hope it's north

[Al_Dente]

(XIV has been bull-spy since noon)

[MrMiyagi]

Junior not behaving...

[fehro]

little divergence on the VIX daily still

[Cobra]

not a strong pullback, kind like a bull flag now, so the 2nd leg rebound call still on.

[ClarkW]

Junior not behaving...

Holy shat, that's some p-bars. Thanks for posting Miyagi!

[Cobra]

members only update at 2:59pm
http://www.cobrasmarketview.com/2013/03 ... ay-update/

[toddymc]

If Inverse H & S plays out, target back up to the highs?
About to be invalidated...hang in there bulls...

[gappy]

members only update at 2:59pm
http://www.cobrasmarketview.com/2013/03 ... ay-update/

[ClarkW]

members only update at 2:59pm
http://www.cobrasmarketview.com/2013/03 ... ay-update/

Great comments and chart as always Cobra!!!!!