12/03/2015 Live Update

[fehro]

yeah.. not looking good.. this could get ugly.. hourly not pretty..

[Out of Bounds]

Small short for a scalp

[josephli]

some hedge fund is gonna loose big today on the forex today.

[josephli]

10:09 AM 12/3/2015
sigh!

I must say I had a very high admiration on your system.

noticed the past tense "had"

oh well - my ship will come in soon.
Today I would have had to be 100% ready at open - which I wasn't.

Each day it is becoming more clear to me the bear has awoken.

I have little cash and must wait for everything to be right.
Now I'm just waiting for an downwards o/n with a bounce to its mid and then a little down from that.

The ideal would be a little peak just after the open and turn down.
The big ECB swing just before the open was less than ideal. It gave a "low pre out" signal which can be a warning depending on the price level.

as the ECB plunge was -20 points that is a lot of the energy (yesterdays range -28.25)

so o/n high 2095-28.25=2066.75 means 2065.25 soaks up the energy = i.e. equal legs.
You can see how much easier this would be is you had enough money for the o/n entry at 2095
(Got to set that morning alarm even earlier!! hah-hah)
==trade is sim

Thanks. That was a grammar mistake. There was an price error in the morning on Worden and an entry was missed. but I like the current market. It is much clearer now vis-a-vis last week.

[Trades with cats]

Super Mario moved interest rates to minus .3 as expected. He disappointed on the new increased levels of QE bond buying.

Chair Yellen repeated yesterday's speech, only in the Readers Digest condensed version. Again the overwhelming message is that this is not the start of a series of increases, rather it will be one and wait. The experts say that is required to get the doves on board. I am guessing that was why the emergency meeting last week, to make sure everybody is on message and to confirm that there will be no more than one dissenting vote.

[josephli]

Again, I think it will be a very wild ride for everyone. The short squeeze on euro is very OB in short term. If equities drop further from here then it is possible extreme OS and setting up a squeeze.

[Unique]

ES 15m 20ema rejection and 1hr 20ema rejection so far. Decent bear train setup. Need new LOD to confirm momentum and for 2060-2058 target

Chart from 9am~

The pre-market chart with the white projection line was spot on so far, now bears really need a LOD to confirm the pink line.

Be careful of the 2076 vs 2065 shakefest then 2065 breakdown to 2058- 2060 -> 2042 swing


viewtopic.php?f=2&t=1874#p208015

[Al_Dente]

Super Mario moved interest rates to minus .3 as expected. He disappointed on the new increased levels of QE bond buying.

Chair Yellen repeated yesterday's speech, only in the Readers Digest condensed version. Again the overwhelming message is that this is not the start of a series of increases, rather it will be one and wait. The experts say that is required to get the doves on board. I am guessing that was why the emergency meeting last week, to make sure everybody is on message and to confirm that there will be no more than one dissenting vote.

thanks

[Al_Dente]

Bears MUST HAVE a LOD here, else they are faulked

Declining stocks are 2 x advancing stocks
Declining volume is 1.4 x advancing volume
Bear volume weakens……..

[oooops sorry i just saw unique's post requesting LOD]

[Cobra]

members only update at 12:10 pm
http://www.cobrasmarketview.com/2015/12 ... ay-update/

[Unique]

Broke 2065, forgot to post this earlier today

[fehro]

SPX 200d coming up.. 2064.95, 50w 2063.11

[Out of Bounds]

Covered last short

[Cobra]

100% mm, hopefully.

[daytradingES]

sim

[Out of Bounds]

Pause?

[Unique]

If 2058 daily 200SMA does not hold first try, be prepared for the flood gates to 2042-2045. Even though hourly is extremely oversold region...this is a possibility.

[Cobra]

members only update at 12:20 pm
http://www.cobrasmarketview.com/2015/12 ... ay-update/

[MrMiyagi]

spy

[Unique]

Swing account: covered another 10%. Trailing 20% size left, breakeven stop at 2077~ avg which is about the daily 20EMA