Cobra's Market View

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Flat open, so any gap will be filled.

I don't know what pattern it is on the Global ES, perhaps some like to read it as H&S Top. Well, let's see. Bears need decisively breakdown below the blue line to make it reality otherwise it's just a dream.

members only update starts here: http://www.cobrasmarketview.com/2013/05 ... ay-update/

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AAPL, GS, PCLN Update

$SPX: Immediate break out or Triangle

see ARGT

Al_Dente wrote:see ARGT

Nah, do the FSLR train it actually lets you ride it without stupid gaps

short 167.34

Out of Bounds wrote:short 167.34

and almost immediately out. signal was just way wrong on that one!

From Ben Evans, the short version of today's AAPL hearings:

US Govt: if you don't repatriate profits they're not taxable.
Apple: OK then, we won't
US Govt: That's evil!

now it's high enough to be seen as the 2nd test of the previous high, so from now on, no failure allowed for bulls, wait.

anyone have a read on GLD? looked like a double bottom was about to happen with a good nerve touch of the previous low. but now it's looking like it was a shake fest. FYI - i'm short GLD, and was about to cut my position today.

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Well, I'll be damned. I missed it. Signal was good but my gut was bad.

my guess for fun. I mean it's not a strong push up, so may gradually roll over if not sharp down here.

Out of Bounds wrote:

Out of Bounds wrote:short 167.34

and almost immediately out. signal was just way wrong on that one!

Do you trade fully on your snog signal or price too?

looks like a 2nd test failure. now the green line below is the key.

Use snog extensively but augmented with other signals and different time frames. 13-9 crossover is useful.
i also just watch the tape and see how momentum is running - just watch to see if it's fading or building against me.

Snog should agree on hourly and 5 minute to institute a trade - they may be a bit fuzzy but never fully opposed to each other.