12/11/2014 Live Update

[Cobra]

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For now, it looks like a Bear Flag, so bias is a little down. I know nowadays bear flag mostly doesn't work, but let's see.

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2014/12 ... ay-update/

[cletus]

Looks at this point like there won't even be a lower low. Cycles are very very positive off the open. Could be a little drop down to fill the gap though.

[FlowerGirl]

All in CASH
I expect to renter at a better price...

I need not loose my sleep...in these turbulent times...

[cletus]

5 day TRIN is hitting multi-year highs -- and we're still above the other big high in 2014, so it seems people are getting shaken out again with little price action to support such bearishness.

[Junior Buffett]

All in CASH
I expect to renter at a better price...

SSO TRADING.png

xiv trading.png

I need not loose my sleep...in these turbulent times...

I thought you were in UVXY trade! You expecting better price to short or long? thank you

[FlowerGirl]

All in CASH
I expect to renter at a better price...

SSO TRADING.png

xiv trading.png

I need not loose my sleep...in these turbulent times...

You expecting better price to short or long? thank you

Long...

[cletus]

I'm looking for a P3 of a bull wave to start soon. I guess what we had since OCT was P1 and that little dip was probably P2. So this wave up will actually be more powerful than the October rally.

[Cobra]

double bottom target.

[Out of Bounds]

Partial short at this level204.42

[Out of Bounds]

Partial short at this level204.42

adding 1/3rd 204.86 short

[uempel]

This system points out reliable signals. Only if BPSPX crosses the downwards trendline will we see an SPX buy signal

.

[uempel]

http://stockcharts.com/freecharts/candl ... BPINDU|B|0


So far BPSPX down 0.20 today - not very encouraging for the bulls. I hate to say it but I'm doing exactly what FlowerGirl does I'm waiting for a better entry point

[Out of Bounds]

Finished adding short position 205.36

[FlowerGirl]

SPY opening low 203.88. How remarkable...
viewtopic.php?f=2&t=1512&p=178496#p178496

[Cobra]

target met. this bull has legs if not bottomed (cannot believe it).

[cletus]

It's been at least 3 years since we've seen exuberance in ISEE equity put call. In fact, it's near record lows. This market has at least 10,000 to 20,000 more Dow points left (not an exaggeration). Look, people just won't give in to it.

[aklynx]

"5 day TRIN hitting multi-year highs -- and we're still above the other big high in 2014, so it seems people are getting shaken out again with little price action to support such bearishness."

"I'm looking for a P3 of a bull wave to start soon. I guess what we had since OCT was P1 and that little dip was probably P2. So this wave up will actually be more powerful than the October rally."

Concur, it is dangerous to be short here.

Also, per Sentimentrader:
Hinting of "irrational" fear, the VIX has spiked more than 50% over the past three trading days, despite a less than 3% decline in the S&P 500. That's the largest ever increase in fear for such a small decline in stocks.

[fehro]

INDEX dailies.. NDX/COMPQ testing 20d SMA

[fehro]

SPX uber bears.. may reload near here…. a tad higher.. 2049ish