THE SHORT-TERM MODEL BELIEVES THE TREND IS DOWN, HODING SHORT POSITION OVER THE WEEKEND
First of all, it’s poll time again: http://bbs.cobrasmarketview.com/viewtopic.php?f=9&t=368, don’t be shy expressing yourself, it’s anonymous, even I don’t kwon who voted for whom…
The bottom line, no good for bulls, which I’ll explain in the weekend report.
No idea about the next Monday but it looks like recently we had this nice up down up down pattern, so accordingly we might have an up Monday?
Cobra Impulse System is trying to buy this dip, should we have a higher high and green Monday.
Non-Stop model is now officially in sell mode. Enjoy your weekend!
November 18, 2011 at 6:48 pm
hey cobra, haven’t been able to post in a little while, very busy
just wanted to stop by and say thanks for your efforts
November 19, 2011 at 1:11 pm
Thanks.
November 18, 2011 at 6:50 pm
thx, ding
November 19, 2011 at 12:56 am
BPNYA down 1.68%, BPCOMPQ down 0.82%, BPSPX down 0.91%; BPNDX, BPINDU and BPOEX are flat.
Here the BPSPX chart, BPNDX and NPNYA charts look somewhat similar.
November 19, 2011 at 1:10 pm
Great, thanks, it’s inline with my view.
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November 19, 2011 at 7:21 am
Here are the links to a couple of posts I made over on Binve’s blog that might be of interest (instead of just reposting the same thing here).
http://marketthoughtsandanalysis.blogspot.com/2011/11/nov-18.html#comment-367872949
http://marketthoughtsandanalysis.blogspot.com/2011/11/nov-18.html#comment-368227506
November 19, 2011 at 12:42 pm
Here’s an update of this NYMO/NYSI study I originally posted on the 24th of October.
It’s looking to me like we’re in the early stages of a buy spike (there’s a high probability anyway). The big question that I think we have before us is to gauge just where a tradable bottom may appear. The spike could just as well go well below the October low as not, and there’s always the possibility that the NYMO makes another lower momentum low (such a move obviously would then not be a buy spike).