Live Update

Monday, August 17, 2009

08/17/2009 Intraday Update 1

Now SPY hold on the support. We don’t have a new intraday low after 10:30am ET yet.


This is what I drew several days ago for the intraday update. I was kind of expecting a Complex H&S Top then, but now it seems it’s simply a H&S Top.



  1. Dear Cobra,

    If the market closes at these levels (as in no major buying at the close), what is your initial gut feeling about tomorrow?

    Thank you,

  2. Normally, we should see close lowest of the day and bounce a little bit tomorrow.

  3. I think they finally fixed ISEE number... Friday indices/ETF I think was only 59...


  4. ISEE sure look bullish on all equity only... pretty much over 200 all day...



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