09/21/2011 Trading Signals

Cobra

SHORT-TERM MODEL SEES A DOWNTREND, HOLDING BOTH LONG (TRAPPED) AND SHORT OVERNIGHT

The bottom line, today’s action confirmed what I speculated last night that a top of some kind was in. I expect more on the downside.

Mixed signals for tomorrow, but it seems the bearish side of signals weight a little more:

• 45 out of 71 times (63%) a green day after a Major Distribution Day.

• All the recent red FOMC days were followed mostly by 2 consecutive red days. 6 out of 6 down the next day, 5 out of 6 down the next 2 days.

• Bearish Thursday.

Those who follow TradingMarkets, the exit condition was met today.

Cobra Impulse System is trying to buy the dip, just the condition seems very tough to meet tomorrow, see table below for more details.

MECHANICAL TRADING SIGNALS

SPY SYSTEM ENTRY STOP LOSS Current 2*ATR(10) value: SSO=10%; SDS=10%; UPRO=14%;SPXU=16% Non-Stop 08/25 L N/A Long is risky when long term signals are on the sell side. Cobra Impulse     *Long if above 09/21 high and close in green tomorrow. Stop loss = 1.7*ATR(10)

DEMO ACCOUNT FOR SHORT-TERM MODEL (Attention: This is not part of Cobra Impulse System)

TICKER Entry Date Entry Share Stop Loss Exit Date Exit Profit Comment SSO 09/20/2011 $43.68 50 $39.31 09/20/2011 $44.06 19.00   SSO 09/15/2011 $43.00 50 $38.27 09/15/2011 $43.53 26.50   SSO 09/14/2011 $41.45 50 $39.31   SSO 09/13/2011 $40.51 50 $35.65 09/13/2011 $40.88 18.50   SDS 09/13/2011 $24.03 100 $21.39     SDS 09/02/2011 $24.35 100 $21.43 09/13/2011 $23.48 3.00   SDS 09/01/2011 $22.94 100 $19.96 09/01/2011 $23.01 7.00   SSO 08/30/2011 $44.09 50 $38.69 09/12/2011 $38.69 -270.00 Gap down, manual stop loss used. LAST   2935.00   SUM   2739.00

$300 max loss allowed per trade. For fun only. LAST = Year to the last month balance. SUM = Year to date realized gains/losses.

Fan8an

SpringMountain

summer123

Fan8an

fighton

sofa!, thanks, lao da, if tomorrow is not a huge big up day(the day after FOMC should be true direction?), the H&S is confirmed....go to retest low of 08/09 first.....

summer123

spicyfreak

many thanks

开小差

thx, ding

guelder_rose

jcs

胡同儿串子

very bearish, sell the bounce! this is how I and most people feel, right?

sunnysunny

tonghu

永恒罗马

沉默是金

stockoperator

xz214

Cobra

胡同儿串子 发表于 2011-9-21 17:13
very bearish, sell the bounce! this is how I and most people feel, right?

要有一颗单纯的心，长了就是长了，跌了就是跌了。

stonehorse