10/31/2011 Trading Signals


SHORT-TERM MODEL NOT SURE IF TREND IS DOWN, HODING TRAPPED LONG POSITION OVERNIGHT

The bottom line, one day doesn’t make a trend especially bears haven’t got any 2 consecutive down days for the whole October, so let’s see if bears could make an exception this time.

Bullish biased toward tomorrow because VIX rose 22%+, buy SPY at close today and sell tomorrow at close, you’d have 78% chances for the last 2,000 trading days.

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17 Comments on "10/31/2011 Trading Signals"
  1. Comment left on:
    October 31, 2011 at 4:52 pm

    COBRA un favor please DO TELL if you expect to revisit the higher high ( 130 ) still before the major pullback . thank you 

    • Comment left on:
      October 31, 2011 at 4:54 pm
      Cobra says:

      test the previous high is still possible.

      • Comment left on:
        October 31, 2011 at 5:02 pm

        I though it was sort a prerequisite in a way. my bad reading … but now this  should be a 2 at least leg down correct? thank you . 

        • Comment left on:
          October 31, 2011 at 5:03 pm
          Cobra says:

          already 2nd leg on 60 min chart.

          • Comment left on:
            October 31, 2011 at 5:35 pm
            Anonymous says:

            You will probably see 1235 first before you see a new high.  That is the next price target. 

            • Comment left on:
              October 31, 2011 at 7:34 pm
              Cobra says:

              Could be.

  2. Comment left on:
    October 31, 2011 at 5:02 pm
    Anonymous says:

    thx,ding

  3. Comment left on:
    October 31, 2011 at 5:12 pm
  4. Comment left on:
    October 31, 2011 at 5:12 pm
  5. Comment left on:
    October 31, 2011 at 6:02 pm

    We’re back to business with this last October.Today is living proof that the market is a real machine to handle money. Increasingly higher lows.I’m back to very positive results, so corrections in the future. http://spx500.blogspot.com/

    • Comment left on:
      November 1, 2011 at 12:16 am
      Anonymous says:

      Pedroo…my name is Pedroo!

  6. Comment left on:
    October 31, 2011 at 6:58 pm
  7. Comment left on:
    October 31, 2011 at 7:54 pm
    99er says:

    DWCF Weekly
    Only Monday but sure looks down hill from here.
    http://99ercharts.blogspot.com/2011/10/dwcf_31.html

    VIX Daily
    And up from here.
    http://99ercharts.blogspot.com/2011/10/vix_31.html

    Happy Halloween!

  8. .
    October 31, 2011 at 8:45 pm

    […] see if bears could make an exception this time.Bullish biased toward tomorrow because VIX rose [Read the Rest] Cobra’s Market ViewA Fun Fact… This day in history… Related posts:08/10/2011 Trading […]

  9. Comment left on:
    October 31, 2011 at 9:03 pm
    uempel says:

    Large chart: weekly momentum is still signalling a buy, small weekly chart shows 1237/40 as support:

  10. Comment left on:
    October 31, 2011 at 9:28 pm
    uempel says:

    BPNYA +0.55%, BPCOMPQ +0.93%, BPOEX +1.23%, BPNDX, BPSPX and BPINDU flat. 
    Small caps stronger than large caps, exception BPOEX. BPNYA has further upside, BPSPX (not shown here) looks toppish.

    • Comment left on:
      October 31, 2011 at 10:41 pm
      Cobra says:

      Hmm, BPNYA looks very strong. 

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