Cobra's Market View

If you're StockCharts member, please do me a little favor by "vote" and the most importantly "follow" my public chart list HERE. You need "follow" only once but vote can be done everyday, so whenever you have time, please vote for me, thanks! If you're not StockCharts member, you can also help boosting my rank by clicking the link once everyday.

• Please, again, all my calls in the daily live update is for intra-day only, they're absolutely invalid when the closing bell rings. If you're interested in the forecast for days and weeks, Please subscribe my Daily Market Report.

• Personal attack on any board members won't be tolerated. Please limit your topic to trade related only.

• Please no direct link to your personal web site or blog. You must post rich contents here. You can, however, put link to your personal web site or blog as your signature.

• I'm very busy during the trading hour, so your question posted on board might not be answered. For a guaranteed answer to your question please send email to [email protected].

========================================================================================================================================================================

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.

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

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

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

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

gappy wrote: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

And gold. Will stick to commodities until the big dip shows up. http://www.youtube.com/watch?v=QzhbGaCwBzs Light reading for tonight: http://www.liveleak.com/view?i=f25_1377117955 These jokers are tiresome.

Long. Average 165.04

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

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

Richarab wrote: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

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

SOLD Longs 165.47 - neutral

SPX 5m mind the morning gap

gappy wrote: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

hopefully the consolidation means breakout.

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.

uempel wrote: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

victorm wrote:

gappy wrote: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