12/14/2011 Trading Signals | Cobra's Market View

12/14/2011 Trading Signals


THE SHORT-TERM MODEL BELIEVES THE TRND IS DOWN HOLDING BOTH LONG (TRAPPED) AND SHORT OVERNIGHT

The bottom line, I believe the selling isn’t over yet.

The long position held by Cobra Impulse System was stopped today with losses. The system will try to short SPY tomorrow if break below today’s low and close in red.

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16 Comments on "12/14/2011 Trading Signals"
  1. Comment left on:
    December 14, 2011 at 6:38 pm
    Allan Sun says:

    Cobra, what our frogs should do with our trapped long position right now?

    1. Shall we wait for the Santa rally mentioned in your 12/9 report?

    or 

    2. Shall we leave the market entirely just like the impulse system did?

    Thanks!

    • Comment left on:
      December 14, 2011 at 6:46 pm
      dham pusha says:

      I would say sell half the positions. That way your cut your losses in half, and give away half the profits.

      • Comment left on:
        December 14, 2011 at 7:12 pm
        Allan Sun says:

        Thanks, Bro!

    • Comment left on:
      December 14, 2011 at 7:06 pm
      Cobra says:

      I don’t have the answer. It depends on your position, time frame and experiences.

      If you’re intermediate-term and not experienced:
          if you didn’t lose much yet, then you can out half at least to reduce your risks.
          if you’ve suffered huge losses, I think you can bet the Santa Rally because you have not much choices. 

      Officially the intermediate-term chart is not bad yet, I just know there’s more on the downside in short-term.

      • Comment left on:
        December 14, 2011 at 7:12 pm
        Allan Sun says:

        Thanks, Cobra!

  2. Comment left on:
    December 14, 2011 at 6:53 pm
    Anonymous says:

    Hi Cobra,
    RSP:CPCE, NYSI & BPNDX are all showing sell on the NonStop.

    • Comment left on:
      December 14, 2011 at 7:15 pm
      Cobra says:

      Yeah, but RSP:CPCE may need wait for tomorrow in case it’s a whipsaw because the crossover is not marginal, I think.

  3. Comment left on:
    December 14, 2011 at 7:51 pm
    99er says:
    • Comment left on:
      December 14, 2011 at 9:10 pm
      Anonymous says:

      Double 9er. Thank you for your endless work. It is very appreciated by me. I also think you are very correct. jimme

    • Comment left on:
      December 14, 2011 at 10:15 pm
      Anonymous says:

      Honey. Where are my skis?

  4. Comment left on:
    December 14, 2011 at 10:45 pm
    Anonymous says:

    test

  5. Comment left on:
    December 14, 2011 at 10:49 pm
    Anonymous says:

    test image

    • Comment left on:
      December 15, 2011 at 12:25 am
      Cobra says:

      nice image.

  6. Comment left on:
    December 14, 2011 at 11:37 pm
    sweenrose says:

    Being relatively new to this, I have a question about the Impulse System.  In the “Getting Started” section, Cobra says that the system doesn’t have targets but only stops.  How, then, does the system end a trade?  One way, clearly, is by being stopped out.  But, does it close a position in ways other than being stopped out?  In other words, does it sell a long or cover a short via any mechanism other than a stop being hit?

    • Comment left on:
      December 15, 2011 at 12:24 am
      Cobra says:

      It only uses stop to be out. You have to decide by yourself when to take partial profits.

      • Comment left on:
        December 15, 2011 at 4:01 am
        sweenrose says:

        Thanks, Cobra.  However, I find myself a little confused.

        What are the backtested results based on?  I see “cover” and “sell” on the CIS chart.  Those can’t all be instances of being stopped out.  

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