08/22/2013 Live Update

[Cobra]

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I don't know what pattern it is, almost like the same drama happened again the next day after FOMC day that the market gaped up very high, well, not very high today, so still a little difference. The mini rebound target is 1647.

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2013/08 ... ay-update/

[KeiZai]

Morning folks,

Have posted some charts in the morning what I am watching atm : viewtopic.php?f=2&t=1035&p=139788#p139788

Looks like 5wave structure is completed looking for 3 wave pullback(b or 2) before another 5 wave up (with the potential wedge breakout)

And here is the most boring market atm DAX

was looking for ascending triangle there now it looks like rectangle (box pattern)

Old count

BO or BD coming soon

EDIT: and silver..for those who are long is time to pack in my opinion...I am packing

[gappy]

Out silver this morning too KeiZai. Better safe than sorry. Morning Hightower blurb fwit. GLTA.

ag.PNG

[fehro]

SPX 5m. sort of a possible triangle... not quite a proper pattern.. but targets match nicely with the cyan channel.

[KeiZai]

Out silver this morning too KeiZai. Better safe than sorry. Morning Hightower blurb fwit. GLTA.

The attachment ag.PNG is no longer available

Good job I am waiting for one more spike up then I will 2

Dow is the weakest one more low is still possible before bounce, not sure but watching it

[gappy]

And gold. Will stick to commodities until the big dip shows up.

au.PNG

http://www.youtube.com/watch?v=QzhbGaCwBzs Light reading for tonight: http://www.liveleak.com/view?i=f25_1377117955 These jokers are tiresome.

[Out of Bounds]

Long. Average 165.04

[uempel]

This is an observation - nothing else. Doesn't suggest that yesterday's low was important. There might be a dip down to 1620ish today followed by a reversal

[Richarab]

I hung around the gift shop last night.. Picked up some knick knacks.. If you know what I mean

[1der]

I hung around the gift shop last night.. Picked up some knick knacks.. If you know what I mean

Nicely done

Looking for triangulation possible with ES 1650 / 1651 as the upper end of this leg. Back down to 1637 ish. Let's see

[L_T]

Thought someone might find this interesting as an idea generator. Listing of "volatility" charts at stockcharts.com:

[Out of Bounds]

SOLD Longs 165.47 - neutral

[fehro]

SPX 5m mind the morning gap

[Cobra]

members only update at 10:05 am
http://www.cobrasmarketview.com/2013/08 ... ay-update/

[victorm]

And gold. Will stick to commodities until the big dip shows up.

au.PNG

http://www.youtube.com/watch?v=QzhbGaCwBzs Light reading for tonight: http://www.liveleak.com/view?i=f25_1377117955 These jokers are tiresome.

Thank you gappy, KeiZai

[Cobra]

hopefully the consolidation means breakout.

[Mr. BachNut]

Long small.
Short was closed during post FOMC minutes spike.
Long was opened at the close.

My summation index signal is down.
My composite trend indicator signal is down.

I am counter trend long.
Size is small as this is a new setup for me and I don't have experience with it.
It is designed to catch a bounce or a turn from oversold conditions.
If overnight lows get revisited, I'll add to the position.
Stop is very generous for now giving this a wide berth until some upward movement starts.
Idea is to assemble a position in the oversold neighborhood preferably at lower end but stop out if there is a crash.

[TraderGirl]

This is an observation - nothing else. Doesn't suggest that yesterday's low was important. There might be a dip down to 1620ish today followed by a reversal

346.png

[gappy]

And gold. Will stick to commodities until the big dip shows up.

au.PNG

http://www.youtube.com/watch?v=QzhbGaCwBzs Light reading for tonight: http://www.liveleak.com/view?i=f25_1377117955 These jokers are tiresome.

Thank you gappy, KeiZai