THE SHORT-TERM MODEL NOT SURE IF THE TREND IS UP HOLD BOTH LONG (TRAPPED) AND SHORT OVERNIGHT
The bottom line, it’s just a rebound, there’s no way you Earth people are beyond the law of inertia. Yes, certainly your money printing magic would make you above the law, well, temporarily, but until I see that printing being realized, I have to bet where the odds are which is pointing down now.
For the very short-term, my crystal ball says a higher high tomorrow morning but not so bright after that and perhaps the day after tomorrow and the day after the day of tomorrow... I’ll, as usual, present my witnesses in tonight’s report.
The short position of Cobra Impulse System got stopped out today flat, but the system will try to short again tomorrow should SPY break below today’s low and close in red.
November 28, 2011 at 5:48 pm
Yeah, could (probably will) re-test, but look at ChiOsc on the daily. It’s way too low, so this “rebound” is going much farther eventually, without question. Why are blogs so bearish when this set up is present…other 4 blue arrows mark other instances
November 28, 2011 at 7:04 pm
Because chart pattern, signals and statistics are all not so bright for the future. I generally don’t rely only on one indicator, but maybe your ChiOsc beats all the other bearish factors.
November 28, 2011 at 6:14 pm
thx,ding
November 28, 2011 at 6:59 pm
cobra you and me forever. I signed up this morning !!
November 28, 2011 at 7:03 pm
Thanks. 🙂
November 28, 2011 at 7:32 pm
Thanks for sharing, Lao da. I also signed up this morning.
November 28, 2011 at 8:18 pm
I just made payment, but somehow, I did not get any connection between my payment and my ID here. could be my internet problem.
November 29, 2011 at 12:56 pm
I think you clicked “donation” button instead of “checkout” button. We’ve removed that donation button, lots of confusions there. You can try to use checkout button again, meanwhile I can refund your donation money. Thanks.
November 28, 2011 at 8:32 pm
test
November 28, 2011 at 8:32 pm
test
November 28, 2011 at 9:15 pm
Signed up on the monthly plan:)
November 28, 2011 at 9:44 pm
What did I tell you! Tell me…what did i tell you. 1160 support and now we are on our way back to 1205. Don’t need no technical indicators to tell me shiet! Just price baby! And where is my man umpel to tell me to shut up! 🙂
And Cobra my man you should start charging $100/month. People are stupid and innately believe that the more expensive a service is the better it is. Charging only $10 gives the impression that your service is amateurish!
November 28, 2011 at 10:17 pm
The only thing that makes his site looks amateurish is your comments.
November 28, 2011 at 11:13 pm
Yes jag99 your comments are always insightful! LOL. Maybe the subscription will weed out the amateurs like myself. boooyyyaaaaa
November 29, 2011 at 12:18 am
Nigapls, your man went long Sunday evening und exited a bit too early Monday morning (at 90), but I’m quite happy with 15 handles. I guess you made at least 30, congrats!
And by the way: if you keep on making these solid calls this site will be closed down and all viewers/readers will want you as their money mgr.
November 29, 2011 at 12:26 am
LOL! Congrats uempel! Good job on the gain. But you just gots tah gots tah hold until the next resistance. Come on dude you a PnF guy you should see it! You got to believe in the number brother! Believe! Yes, the Mighty Snake may be getting nervous! 🙂
November 29, 2011 at 3:14 am
Nigapls, so far your only contribution here has been “believe me” – why should anybody believe you? Nobody here is looking for a guru, visitors want smart and substantiated ideas. “Believe me” is kind of weak..
Finally: there is a guy out there by the name of Ted Burge, what you write reads as though you’re repeating his ideas. Why don’t you write: Ted Burge suggests 1160 is support and the market should rally…