Cobra's Market View

I think the server was down this morning? I rebooted the server, hopefully it's just a temporary thing. I do have plan to rent another dedicated server so that in case of emergency, we'd always have a backup server running.

Also I have to leave around 11am ET to drive my parents to air port, might be back around 1pm ET.

Gap up above yesterday's high, so chances are the gap won't be filled, not sure as almost all the gaps the next day after a Major Distribution Day got filled.

The global ES is a clear Bear Flag, so the rebound eventually would fail, well, NORMALLY.

Good morning,

Could you please define MDD MAD again, I forgot the definition.

Its My regular routine to check the morning intraday update from u. Bought a bunch of calls in GS, RIMM, AAPL, SPY, LVS, YHOO last night. Gonna sell them into this morning gap up.

Good morning!
Yes, Cobra, I had a hard time getting in. But it worked via a back-door through your old site...

SPY, after a big gap/drop, had a “narrow range day”, to close in limbo: #4 of a “Gann’s Rule of 4” in the making.
According to that rule, this morning’s first impulse should be followed with confidence…for a while.

gabor wrote:Good morning,

Could you please define MDD MAD again, I forgot the definition.

MAD = NYUPV:NYDNV >= 9.
MDD = NYDNV:NYUPV >= 9.

gabor wrote:Good morning,

Could you please define MDD MAD again, I forgot the definition.

NY Up volumes/Down Volumes ---> MAD
NY Down vol /Up Vol --->MDD

GM
“This deal, like all the others, is a life sentence of austerity for Greeks. We need to reclaim our country." [Akis Tsirogiannis, who lost his job at a furniture workshop, speaking about Greek resistance to austerity]
Recall if you will, that the Greek people are not very fond of paying their taxes, and they like to retire shortly after puberty.

Good Morning.

Gee honey...looks like a great day for the beach.

EURUSD http://99ercharts.blogspot.com/2011/11/eurusd_02.html
ES http://99ercharts.blogspot.com/2011/11/es_02.html
NQ http://99ercharts.blogspot.com/2011/11/nq_02.html

GLTA.

Cobra wrote:

gabor wrote:Good morning,

Could you please define MDD MAD again, I forgot the definition.

MAD = NYUPV:NYDNV >= 9.
MDD = NYDNV:NYUPV >= 9.

Thanks, Cobra. Isn't there any criteria about the absolte volume? Don't you distinguish high volume and low volume MAD or MDD? They should make a difference.

Thanks Cobra, does the Amazon link work for Kindle contents?

let's see how the market at open, strong push up will invalid the bear flag.

Good morning. I don't see much edge at the open, but I'm hoping to get something short going around 1242. In a perfect world this would be just after FOMC so I could enter the trade without worrying about The Bearded One throwing a wrench in my spokes.

the open. a little stretched, so may pullback a little.

yea cobra it was down today for a bit . COBRA today for FOMC.. usually if we open UP we close down ? right ?

GM, nice gap up, watch 123.42 for support. Bulls can not afford to trade below that line, it will paint a failed break out if so.

increased longs at spx 1220 yesterday, here's why:

http://standardpoor.wordpress.com/

grachu wrote:yea cobra it was down today for a bit . COBRA today for FOMC.. usually if we open UP we close down ? right ?

today statistically is very bullish: down huge before FOMC, the FOMC day usually up huge.

Honey?
SPX http://99ercharts.blogspot.com/2011/11/spx_02.html

Surf's up.

Cobra. Who needs to pray today?