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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11 Comments on "10/24/2011 Trading Signals"
  1. Comment left on:
    October 24, 2011 at 5:28 pm
    A A says:

    $NYMO > 90

    • Comment left on:
      October 24, 2011 at 5:46 pm
      HighRev says:

       Not necessarily bearish though.

  2. Comment left on:
    October 24, 2011 at 5:40 pm
    • Comment left on:
      October 24, 2011 at 6:57 pm
      EvilTrader says:

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

      • Comment left on:
        October 24, 2011 at 7:08 pm
        tytobebad says:

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

        • Comment left on:
          October 24, 2011 at 7:35 pm
          EvilTrader says:

          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.

  3. Comment left on:
    October 24, 2011 at 6:43 pm
    Anonymous says:

    thx, ding

  4. Comment left on:
    October 24, 2011 at 6:48 pm
    Al Dente says:

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

  5. Comment left on:
    October 24, 2011 at 7:28 pm
    KL says:

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

  6. .
    October 24, 2011 at 7:46 pm

    […] stop loss. As I’ve said many time, the system never tells when to take profits, so it’s [Read the Rest] Cobra’s Market ViewA Fun Fact… This day in history… Related posts:08/31/2011 Trading […]

  7. Comment left on:
    October 25, 2011 at 2:24 am
    Anonymous says:

    THX!!!

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