08/06/2014 Live Update

[brucekeller]

I dunno, I think we're okay now.

[Cobra]

pullback as guessed, since new day high, so could be another push up (not very high odds, just some chances) therefore here's updated guess.

I don't quite understand 3 push up, does that mean it has high chances of being range-bound for the day?

No. the essence of 3 push is each push is weaker than the previous push indicating a lose of momentum therefore a reversal is due. 3 push is just a name, could be 4, 5, 6... push in reality. So the correct name should be n push or more popular name: iPush

[Al_Dente]

So Al_Dente in accordance with that chart is this the appropriate time to go long GDX or should that have taken place earlier in the rotation, say 10 or 11 o'clock?

Boss I don’t (yet?) use the rotation graphs for intraday; I revert to the individual charts
I was expecting GDX to “break-the-box” [“rectangle”] on the downside, but it failed yesterday
Box THEORY says it will now bounce on up to the upper edge of the box and test that
[top panel is RSI-14 and RSI-21; both overbought] 15min

[Cobra]

the current push up didn't make new day high so the guess could be simplified a little. breakdown the blue line to confirm.

[tsf]

goes as guessed again. amazing ha.

Cobra, you are the greatest !

[Tutti]

I dunno, I think we're okay now.

Any chance you can make your charts slightly larger? I need something to block out the sun.

Thanks in advance,

T

[MrMiyagi]

Thanks for the explanation Cobra, is it a " minimum" of 3 pushes?

[BullBear52x]

Kids start the car, going to the bank soon.

need to see <1917.5 on /ES, bears praying.

[Cobra]

Thanks for the explanation Cobra, is it a " minimum" of 3 pushes?

yes, mini 3 push. otherwise you don't know if the push is getting weaker and weaker. Nowadays, it doesn't matter push gets weaker and weaker anymore, as long as it's up and down up and down push, it's enough to imply that the momentum is not strong. otherwise it'd be straight push, wouldn't it?

[Cobra]

goes as guessed again. amazing ha.

Cobra, you are the greatest !

Yeah, only if I can know where exactly each push end and where exactly each pullback end, then it's really useful. otherwise, it's just for fun.

[gappy]

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[Cobra]

H&S top? breakdown blue line to confirm. and don't forget H&S top mostly don't work, so pray...

[Out of Bounds]

Kids start the car, going to the bank soon.

need to see <1917.5 on /ES, bears praying.

Bang!
You shouldn't let those kids have the keys.

[grandeG]

cobra-T-Shirts.png (53.8 KiB) Viewed 4380 times

[Cobra]

breakdown. I consider my guess 100% fulfilled. tinted area the H&S Top target which generally I won't count on. maybe now bears rule so H&S top suddenly works...

[Al_Dente]

edit: ooops, old news already

[Cobra]

The attachment cobra-T-Shirts.png is no longer available

[brucekeller]

On the flip side, $SPY might be in this lower trend channel of some trends I drew up about a month ago.

I will try to make my charts smaller after this one, sorry. I am used to most forums auto downsizing.

[gappy]

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[BullBear52x]

SPY, a trade below 192 this time I will expect free falls. bulls don't want to see that. Peace!