10/10/2013 Live Update

[Cobra]

!!!!! POWER HOUR !!!!!

wrong color?

[stlwater]

Retrace 50% of a move that took 3 weeks in one day. Yeah this market can fall UP.

[Cobra]

breakout. typical strong up day nowadays. here's the target. not far, so no bother to give number.

[MrMiyagi]

wrong color?

No Cobra, it is always red, when the Bull sees it, it gets all riled up!!

[Cobra]

members only update at 3:15 pm
http://www.cobrasmarketview.com/2013/10 ... ay-update/

[Cobra]

target met, this bull shall still have legs.

[BullBear52x]

Retrace 50% of a move that took 3 weeks in one day. Yeah this market can fall UP.

no, it's day and a half.

[stlwater]

Retrace 50% of a move that took 3 weeks in one day. Yeah this market can fall UP.

no, it's day and a half.

[KENA]

The last hi P Bar at 168.90 now has been met..Incredible. The only new P Bars now today during mkt is dn to165.60..Did you get this one MrMiyagi.

[BullBear52x]

Retrace 50% of a move that took 3 weeks in one day. Yeah this market can fall UP.

no, it's day and a half.

the run started half day yester day.

Swing = Sell the rip, best is wait for hourly RSI to trade below 70 for conservative entry, for me I got some in already.

Intraday = Buy the dip

[Cobra]

red line the next resistance and target.

[gappy]

From our old friend Springheel Jack.

Capture.PNG

See his chart here, http://www.channelsandpatterns.com/ I'm short @ 27.50 and ready to bail, as Jack said it will move w/$gold.

gdx.png

But drop it can, bankster's depress the miners, same as the slap and cap on gold.

[BullBear52x]

bear got one un-use coupon to sell here.

[Cobra]

members only update at 3:27 pm
http://www.cobrasmarketview.com/2013/10 ... ay-update/

[stlwater]

Retrace 50% of a move that took 3 weeks in one day. Yeah this market can fall UP.

no, it's day and a half.

the run started half day yester day.

Swing = Sell the rip, best is wait for hourly RSI to trade below 70 for conservative entry, for me I got some in already.

Intraday = Buy the dip

Yes, I know, I was watching futures last night. Today casts a very long shadow over my prognostication and unless this downtrend resumes by early next week and we see rejection at the 20DMA I'm going to have to the market FUBAR. I can't believe the stick-save in XLF today. Them boys must have been sweating blood to pull that off. Much of my paper profit has evaporated with today's action. I did cash out 50% of TLT on the strength and trendline kiss. Not sure what's next, holding and watching.

If we manage to close below 1684.11 I'll call today one hell of squeeze and maintain my bearish view of the near future.

[Junior Buffett]

target met, this bull shall still have legs.

what you call lower high? i.e. how many points/percentage difference from recent high?

If S&P last high was 1725 then can you call 1700 has reasonable low high, if S & P starts falling from there?

Thank you

[champix]

what a day !
Thanks to Uempel for his one-day-delayed signal and Mr Miyagi por the pbar. I was heavily long and this stuff helped really.
Have a nice afternoon all !

ps: Dax is surely not the only indexto play in Europe. I was long on the DJ Eurostoxx50 future, a 50 bigest european cap index, huge liquidity and this index was clearly in a horizontal consolidation (see attached).

[MrMiyagi]

The last hi P Bar at 168.90 now has been met..Incredible. The only new P Bars now today during mkt is dn to165.60..Did you get this one MrMiyagi.

I have nothing left open on SPY my friend.

DIA has one left open.

[Cobra]

target met, this bull shall still have legs.

what you call lower high? i.e. how many points/percentage difference from recent high?

If S&P last high was 1725 then can you call 1700 has reasonable low high, if S & P starts falling from there?

Thank you

there's no strict rule, so in theory 1700 can be the lower high.

However, I'd prefer to see 1720 something and the rebound last for a few days, otherwise the rebound can be seen as the rebound before bear's 2nd leg down. I mean it'd be ambiguous, not a easy call.

If SPY takes a week or two to 1700, then sharp sell off, it can be a lower high, no doubt.

So in short, it all depend on how chart looks like.

[BullBear52x]

Retrace 50% of a move that took 3 weeks in one day. Yeah this market can fall UP.

no, it's day and a half.

the run started half day yester day.

Swing = Sell the rip, best is wait for hourly RSI to trade below 70 for conservative entry, for me I got some in already.

Intraday = Buy the dip

Yes, I know, I was watching futures last night. Today casts a very long shadow over my prognostication and unless this downtrend resumes by early next week and we see rejection at the 20DMA I'm going to have to the market FUBAR. I can't believe the stick-save in XLF today. Them boys must have been sweating blood to pull that off. Much of my paper profit has evaporated with today's action. I did cash out 50% of TLT on the strength and trendline kiss. Not sure what's next, holding and watching.

If we manage to close below 1684.11 I'll call today one hell of squeeze and maintain my bearish view of the near future.

I am simple, stick to a regular schedule, sell or buy until they fail, take profit along as soon as I see them.