10/28/2011 Trading Signals


Cobra's Market View Private Messaging System shows:


SHORT-TERM MODEL BELIEVES THE TREND IS UP, HODING LONG POSITION OVER THE WEEKEND

The bottom line, still expect a pullback, perfectly after a higher high Monday, because the pullback today wasn’t enough to eliminate all the extremes I mentioned last night.

Those who follow Cobra Impulse System, it’s time to adjust stop loss now, see table below for more details.

Enjoy your weekend!

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  • Anonymous

    thx,ding

  • Anonymous

    Thanks and have a good weekend. I’m looking forward to reading your weekend report 😉

  • Anonymous

    have a good weekend, Cobra.

  • uempel

    Some kind of correction is in the cards – unless the big boys manage to engineer a push through 1295/1305 resistance. Chart is quite obvious.

    • Well, hopefully a day or two more push up to 1305! FOMC on 11/02, so asking for 2 more days up is not too much.

  • Anonymous

    1300 area on Monday intra-day is my dream to short. Why? Resistance area and NYMO will be overbought again. When NYMO is overbought (85-90), I guess it is safe to say that there will be at least intra-day weakness the next day (assuming we close around 1300). If however, market opens down and keeps going down, it will be a waiting game to be long again.

    Thx

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