10/24/2011 Trading Signals


Cobra's Market View Private Messaging System shows:


SHORT-TERM MODEL BELIEVES THE TREND IS UP, HOLDING LONG POSITION OVERNIGHT

The bottom line, it’s very overbought, the next few days we’d know whether we live on the Earth or Moon.

Cobra Impulse System now demands a breakeven stop loss. As I’ve said many time, the system never tells when to take profits, so it’s up to you to take partial profits. Especially for now even you firmly believe that indeed we’re on the Moon which I have absolutely no intension to argue, still better be careful than sorry.

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  • A A

    $NYMO > 90

    • HighRev

       Not necessarily bearish though.

    • EvilTrader

      NYMO way too high. Should be safe zone to short for a scalp.

      • tytobebad

        Evil, is there any lag on NYMO , lets say maybe not red TUES but should be within how many days? TIA

        • EvilTrader

          We should drop at least some tens of points in SP500. But it can stay choppy for a while before the correction. Who knows ?

          There´s nothing guaranteed in markets, only probability.

          See HighRev chart below or Cobras stockchart’s chartbook to get a feel for the NYMO / Stocks correlation.

  • Anonymous

    thx, ding

  • Al Dente

    Hi Cobra: You see NFLX in post-market (after eps release). At this moment it is down -30 points

  • KL

    We are going to 1300, and then you can short. 

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  • Anonymous

    THX!!!

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