06/07/2012 Live Update

[Cobra]

now let's see if this 2nd leg could do any harm. no harm done then bears are over.

[tradilus]

this is at least a 2 legged pullback.

I can see you are right (and using that call right now) - how did you know that it would be 2 legged pullback?

//tradilus

[Mr. BachNut]

OK. FYI. Very little of what I post deals with intra-day.
Let me know if I am wasting electrons, and I will gladly spare you from my posting.

I try to work multi-week trades with horizons somewhere between Cobra Impulse and Cobra Non-stop.

Market Neutral.
I have a signal to long today based on the rate of change in the McClellan Summation Index, which should be executed at the close.
However, it looks likely to be delayed by (unbelievably) an overbought oscillator, which is fine as price has run away.

The setup is anticipatory as the new trend (days to weeks trend not minutes to hours) is not confirmed. (Solid trend signals still a ways off.)
This signal has higher chances of being early or even failing and is sized accordingly (1/3 position once on).
Bottom line - I don't know if I'll end up long today, but I'll probably be a dip buyer to cobble some kind of long position in the coming days.

[KENA]

COBRA..If you are talking about Ads at the top,mine are blank.

[TraderJoe]

I enjoy your post Mr. Bachnut

[Cobra]

this is at least a 2 legged pullback.

I can see you are right (and using that call right now) - how did you know that it would be 2 legged pullback?

//tradilus

experiences.

[Cobra]

key time. double bottom or 1-2-3 formation, let's wait.

[Claire]

cobra: is the 2nd leg happening now (I assume) or yet to begin? thanks

[ClarkW]

OK. FYI. Very little of what I post deals with intra-day.
Let me know if I am wasting electrons, and I will gladly spare you from my posting.

I try to work multi-week trades with horizons somewhere between Cobra Impulse and Cobra Non-stop.

Market Neutral.
I have a signal to long today based on the rate of change in the McClellan Summation Index, which should be executed at the close.
However, it looks likely to be delayed by (unbelievably) an overbought oscillator, which is fine as price has run away.

The setup is anticipatory as the new trend (days to weeks trend not minutes to hours) is not confirmed. (Solid trend signals still a ways off.)
This signal has higher chances of being early or even failing and is sized accordingly (1/3 position once on).
Bottom line - I don't know if I'll end up long today, but I'll probably be a dip buyer to cobble some kind of long position in the coming days.

I appreciate your posts Mr. Bachnut. I'm not an intraday trader either, on here to learn and I feel like I've learned alot...implementing that knowledge is a different story . But keep the posts coming!

[Cobra]

target on either side.

[Al_Dente]

OK. FYI. Very little of what I post deals with intra-day.
Let me know if I am wasting electrons, and I will gladly spare you from my posting.
I try to work multi-week trades with horizons somewhere between Cobra Impulse and Cobra Non-stop.
Market Neutral.
I have a signal to long today based on the rate of change in the McClellan Summation Index, which should be executed at the close.
However, it looks likely to be delayed by (unbelievably) an overbought oscillator, which is fine as price has run away.
The setup is anticipatory as the new trend (days to weeks trend not minutes to hours) is not confirmed. (Solid trend signals still a ways off.)
This signal has higher chances of being early or even failing and is sized accordingly (1/3 position once on).
Bottom line - I don't know if I'll end up long today, but I'll probably be a dip buyer to cobble some kind of long position in the coming days.

Bachnutty I LOVE all yr posts
Keep ‘em coming
Thx
I’m distracted by Ben now
Q: I wish u would look the market in the eye and say the FED [monetary policy] has done all it can…. and it’s now up to fiscal to do their job
Ben: blabla…[yes]… blabla

[Cobra]

cobra: is the 2nd leg happening now (I assume) or yet to begin? thanks

you have to switch fast. the 2nd leg already started and may be near end now.

[OverUnder]

This little rally has been an absolute fiasco, though of course in retrospect it should have been predictable after the fear and loathing of the Friday jobs data. I frankly am glad that ugly thing is over with.

[Cobra]

another way of measuring target.

[KeiZai]

Dollar won the fight

Euro testing old channel

[KENA]

Liquidity took a good up tick yesterday but is still in the lower Quad.Let me know if you want the chart.

[Mr. BachNut]

Okee doke. I'll keep blathering...

[Mr. T]

We still have the second push up from yesterday right?

[KENA]

Hey..BACHNUT Keep posting we like them.

[Cobra]

you don't want to see consolidation here. a strong rebound is needed.