Well, if we forget about the overbought, then there’re 2 conflict signals.
CPC < 0.8, from the chart below, there’re 78% chances a green close tomorrow.
Both VIX and SPX were green on the same day, 8 out of 10 times (by counting red lines on the chart) recently a red close the next day.
Seasonality wise, tomorrow will be the most bearish day in July, therefore I think bears may finally have some chances tomorrow.
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thanks.
ReplyDeletegood, I becomes a bear now from today.
ReplyDeleteThanks Cobra
ReplyDeleteAnd Cobra is another ass clown who's 50/50...I have no idea why you fools even bother reading this junk...I come here for some good laughs but that's about it.
ReplyDeleteno need to bad mouth the host/author or the readership....these setups that are posted are mean revertingsetups..when market trends...making higher highs and lows...in real time....thats the signal to follow....otherwise...markt forver oscillates betwee OB/OS....not the case...Know what you are seeing ...and if the market does soemthing different...SWITCH !!
ReplyDeleteyour P&L is your trend indicator...
Hey "Anonymous"...
ReplyDeleteThe only "Ass Clown" here is YOU! Is your name Ned? If so, you've already been banned from Evil Speculator, Slope of Hope, and most recently I heard that even Coffee and Charts had to ban you. You're probably the same person that posted some smart ass remarks about a week ago.
I was nice to you then, as I assumed you had lost some money in this Golden Sachs rally. This time you are becoming a nuisance! Why don't go away and create your own blog. I'll be happy to stop by and criticize your work.
Dan Black
Dan, thanks!
ReplyDeleteAs far as I can see, Cobra's is the best free stock blog available. If the guy who attacks Cobra knows a better one, please do let me know.
ReplyDeleteThanks, Cobra, you are providing a great service. Don't listen to the obnoxious posters.
ReplyDeleteThanks!Cobra!
ReplyDeleteThanks Cobra!
ReplyDeleteThanks Cobra. you are the best!
ReplyDeleteVery objective observation. Thanks a lot, cobra.
ReplyDeleteCobra, thanks for all the time you put into your analysis of the market. I've learned a lot from you.
ReplyDelete