Cobra's Market View

Update with signals...

maintain the plan. now chances are higher bear's game is over, let's say, 60%+ chances.

Little bit longer term picture (through Al's eyes ) The 50 sma on the 60 min for IWM has provided support the past couple days.

Gravity is UP. It'll take a while for reverse brain-washing to take hold.

uempel wrote:Update with signals...

666.png

Hi uemp
How do u decide if the 12:07 will be 1404.50 or 1401.70 ish?

KBE: A potential H&S

It's good to hold VXX. It drops on average about 4% a day. LoL...

$TRIN with notes
[edit: corrected typo in notes]

Update:

ClarkW wrote:Little bit longer term picture (through Al's eyes ) The 50 sma on the 60 min for IWM has provided support the past couple days.

Clarkie
Another handsome chart
HOMEWORK: we r now testing a histogram from someone not on this board who shall remain nameless.
We have to test for at least a month, please help (see if it adds value, or gets thrown in the shite-can)
60 min setting is MACD histogram 25,170,5 with a 5 simple moving average line in the “overlay” paramaters
http://stockcharts.com/h-sc/ui?s=IWM&p= ... =261797030

thanks, pls keep posting

Cobra wrote:target. And again, reach this target is far less enough, bears have no turning back, must work really really hard!

Cobra...in the absence of the bears having a dedicated HFT machine that will continue offering shares that are not the best offer (the bulls stuff tens of thousands of bids per second that are not the best bid but cause the system to slow when needed and show, falsely, what appears to be buying interest) or something far greater than Greece physically sinking, I tend to doubt anyone will liquidate longs to a large degree.

Can money be made? Sure. Is it the death of the rule of law? Yep! The SEC saying they will monitor the situation could allow new stock market highs by the election. No one can stop the Five Families from this orchestrated movement. We have to guess what they will do, not the market. Anyone burning their eyes out, as I have, watching this "Market in an iPad game" sees how rigged this has become. But they do love to operate within channels (look at a 10 min /ES) so it is tradeable. But lose all economic opinions, those who enter. They will matter only in the crash and be spoken of later. That arrives with the Black Swan, but no one knows the place or the time.

Personally, I'm going to sleep with an alert set for a new low. I'm waiting to see if the hourly 13/34 crosses down. I'm done for the day.

Add gold on your watchlist big squeeze is accumulating...4h chart

lost too much on UVXY and will never touch this again, any idea will UVXY ever move up?

I bought OIH and FXI today

updated plan.

I wouldn't touch any LONG until 78.6% level broken and that is around 1412. We could be doing a 2nd leg of the B leg of the zig-zag still.

SWalsh wrote:

KeiZai wrote: Most of my favorites charts are gone, need a walk GL

That sucks! Aside from my regular backup. an electrical engineer I know sent me an 8 GB flash drive and everything I save is in a folder under "Documents". Each night I backup the documents folder. I probably have had a HD crash every 3-4 years for 20 years and yes, it bites. But I never lose what I truly need.

That was a big lesson for me, will need to backup it at least each week

Update:

triangle forming?

Dear Traders:

Took you way too long to buy the f'ing dip this morning. 12pm? Seriously, I don't like to interrupt my money printing hour for this sh!t. Shape the f up.

Ben