SHORT-TERM MODEL THINKS THE TREND IS UP, HOLDING LONG POSITION OVERNIGHT
No idea about short-term, just a wild guess, will present in tonight’s report.
In case you wonder what happened when VIX down 8 days in a row, well, here’s the statistics, not much to say.
The long position held by Cobra Impulse System got stopped out today, flat. But the system will try to long again tomorrow, see table below for more details.
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October 13, 2011 at 4:57 pm
Thanks Cobra Thanksss!!!!!
October 13, 2011 at 5:06 pm
Great work, Cobra. Just to be clear, the Impulse system will go long if at any time during the trading day tomorrow the SPX exceeds today’s high (i.e., exceeds 1207.46 intraday) and if the SPX closes in the green (even if it closes below today’s high). Is that correct?
October 13, 2011 at 6:14 pm
Correct.
October 14, 2011 at 12:27 am
Thanks.
October 13, 2011 at 5:17 pm
thanks.
October 13, 2011 at 5:25 pm
Hi Cobra,
On Wednesday you had forecast a pullback no later than day after tomorrow. On Thursday there was no pullback, so today’s close in RED can be called that pullback which you had expected?
Just trying to understand, if you see that pullback fulfilled, or just postponed.
Thanks for ur gr8 work, as always!
October 13, 2011 at 6:17 pm
On Tuesday I said pullback as early as Wednesday but more likely on Thursday, so we got the pullback on time. Not sure if more pullbacks ahead though. My guess is yes. Tomorrow we should know.
October 13, 2011 at 5:35 pm
SP500 Update Next Lower High…
http://astrofibo.blogspot.com/2011/10/sp500-next-lower-high.html
October 13, 2011 at 5:59 pm
Very useful, and well described. Crystal clear prediction. Thank you!
October 13, 2011 at 5:39 pm
ASTRO Update Sun 0 Saturn 2001-2008-2011…
http://astrofibo.blogspot.com/2011/10/astro-sun-0-saturn-2000-2010.html
October 13, 2011 at 5:59 pm
Very useful, and well described. Crystal clear prediction. Thank you!
October 13, 2011 at 6:40 pm
Thanks…
October 13, 2011 at 6:02 pm
thx, ding
October 13, 2011 at 6:21 pm
OEX put/call interest @1.42. I cannot see much of an edge for upside. We can retest the highs (1220) intraday tomorrow but it would be surprising to blow past it. IMHO, we need a little more consolidation (at least) to make a strong move up…
October 13, 2011 at 7:52 pm
thx
October 13, 2011 at 7:53 pm
thx
October 13, 2011 at 8:09 pm
cobra,
for tomorrow,
if we gap up to around 1207 then would we be moving to test the new high to 1220 or we would retest 1200 first?
if we gap down to 1195 then test to 1191 will be the first course of direction right?
October 13, 2011 at 9:18 pm
another gap down tomorrow, I think bulls won’t be lucky again.
I think we’ll revisit the high first. Just my guess.
October 13, 2011 at 11:41 pm
thank you very much.