Live Update

Sunday, February 1, 2009

Don't know what I say everyday? Here's a simple version.

Chart 0.0.0 Signal Watch and Daily Highlights lists all the trading signals I follow. Because there're always some changes everyday so I don't generally mention them in my daily report. But it dose not mean they are not important.


Take today's signals as an example:


1. We have almost all the intermediate-term sell signals, so generally, we want to take short positions.

2. Short-term, there're 2 sell signals and only 1 oversold signal, so should be OK to start short position or safe to keep the existing short positions.

Let's say, after a few days, we got signals like bellow:


1. Still intermediate-term are down, so we don't want to take any long positions here, unless you're an aggressive trader.

2. Since there're lots of short-term oversold signals, so we'd better take some profits here. And because the intermediate-term is still down and sometimes oversold can be more oversold, so it's OK we keep part of our short positions so that we won't regret if the market keeps going down disregarding all the oversold signals.


Anyway, my point here is to keep watching this chart and gradually adapt the signals in this chart to fit your own trading style.


  1. Thanks, Cobra. This is helpful!

  2. yeah thanks for the post. I do something a lot like this as well and it works wonders to keep you from getting whipsawed on the intermediate term!

  3. Much appreciated for all the work you put into the charts!

  4. Hi Cobra,

    I don't know if you accept requests, but if you do: would you consider adding 30-minute charts for XLF, XLE and USO?

    As you can tell, I believe it would be useful to see additional analysis of the energy and financial sectors.

    Thank you for considering my request!

  5. Thanks, Lao Da!

    Those indicators are 'turning' points signals for potential trend change; real trend change needs to be confirmed by trend line broken. So far, the trend channel is still held up-side althought the up-side move is limited.

  6. Hi,

    I am very impressed with your work.

    It would be helpful to know your time frames for your:
    Short Term:
    Intermediate Term:
    Long Term:
    That's in your Summary.

    Steve Bauer

  7. I really like your analysis!

    I work for and we are always looking for great new sites to advertise with.

    Give me a shout if you are interested: Kenny @

  8. S&P 500 Over Priced: With 97% of Companies Reporting Q2 Earnings the PE Ratio is Now at 129. The Most Over Hyped Market Rally Ever.
    Rating: Perfect
    Aug 22, 2009



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