12/15/2011 Trading Signals


Cobra's Market View Private Messaging System shows:


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 short order wasn’t confirmed today but the Cobra Impulse System would like to try again tomorrow if breakdown below today’s low and close in red. See table below for more details.

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13 Comments on "12/15/2011 Trading Signals"
  1. Comment left on:
    December 15, 2011 at 5:59 pm
    HighRev says:

    That is an inverted hammer after various down days that I see on the SPX. Transports nicely higher (they tend to lead). BKX solid (surprisingly for a change). VIX soft, fighting hard to hold support, pushing the lower Bollinger lower, and possibly confirming a new down trend on the ADX (not to mention the momo’s continuing south). Everybody and their brother “knows” that equities and European bonds are in trouble and that the USD is going higher (have you seen the bearish sentiment in the EUR/USD!). And NO-ONE EVEN DARES to talk about the possibiliy of a sustained bull move (the most anyone will venture is a “Santa Clause” rally).

    So, ya gonna short the lows in here looking for that Monday collapse?

  2. .
    December 15, 2011 at 6:45 pm

    […] Impulse System would like to try again tomorrow if breakdown below today’s low and close in red. [Read the Rest] Cobra’s Market ViewA Fun Fact… This day in history… Related posts:07/12/2011 Trading […]

  3. Comment left on:
    December 15, 2011 at 7:06 pm
    Anonymous says:

    thx, ding

  4. Comment left on:
    December 15, 2011 at 7:24 pm
    ukarlewitz says:

    Highest CPCE today since the Aug low in SPY. Also the highest CPC since the Thanksgiving low. 

    Overall, the highs are getting lower in CPC. This is a bullish pattern if it continues, at least historically. 

  5. Comment left on:
    December 15, 2011 at 7:41 pm
    99er says:

    Update

    ES http://99ercharts.blogspot.com/2011/12/es_5628.html

    The pattern that shall not be named.

  6. Comment left on:
    December 15, 2011 at 7:52 pm
    Anonymous says:

    VIX closed hollow red bar at bottom. 81% chance tomorrow red.

  7. Comment left on:
    December 15, 2011 at 8:09 pm
    ukarlewitz says:

    Nearly an evening star formation in UUP.  Euro/DX reversed green outside lower Bollinger today as well. 

  8. Comment left on:
    December 15, 2011 at 8:22 pm
    VTrader says:

    Market is almost done with this correction. Maybe one more leg down to test 1200 but we should rally from there.

  9. Comment left on:
    December 15, 2011 at 9:48 pm
    Anonymous says:

    Fitst  post here, just want to know how it works. posting image here for testing also, don’t mind my simple RSI they are only slightly below 50, for some it’s a buy? we are weaker than most of us want to believe in most indexes IMO.

    • Comment left on:
      December 15, 2011 at 11:06 pm
      Cobra says:

      Thanks. I thought you’re bull those days. 

      • Comment left on:
        December 15, 2011 at 11:25 pm
        Anonymous says:

        LOL I hope I can switch on and off base mainly on TA for a long time to come with fair bias, thank to you, I learned so much from you.

  10. Comment left on:
    December 16, 2011 at 12:26 am
    sweenrose says:

    I’m still trying to understand the Cobra Impulse System.  Cobra says that the system doesn’t prescribe exits, but leaves that up to the individual.  What I don’t understand is how the exits are determined in the chart and the backtesting we see.  In other words, the chart shows that longs are sold and that shorts are covered.  I assume that they’re not all examples of stops being triggered.  Therefore, my question is how do the statistics of the system (and the exits on the chart) deal with exiting longs and covering shorts?

    • Comment left on:
      December 16, 2011 at 1:39 am
      Cobra says:

      Mostly out because of stop loss hit. The lines below and above the each bar is stop loss. There’re very few occasions when a panic bottom  was detected, the system out automatically.

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