Cobra's Market View

Another rip the face off the bears rally (on nothing). Poor bears, it takes them three days of hard fighting to get down 150 points (and with terrible econ data to back it up). The bulls recover that in 10 min without any good news. But it can all be explained: Cutting Italy's rating...... that's b...

the ew counts really ius giving me a headache. It's good thing I dont know how to count waves. Sometimes overbought, oversold, sentiment, moving average work better than EW. If I cannot eat EW. I will consider EW counts as a spices in a soup. :lol: Im with you and I prefer Cobra's techniques over e...

wayne0708 wrote:the ew counts really ius giving me a headache. It's good thing I dont know how to count waves.

Sometimes overbought, oversold, sentiment, moving average work better than EW.
If I cannot eat EW. I will consider EW counts as a spices in a soup.

7.13.2012 Bears need to defend 1343.47 to maintain the fall from 1374.81 impulsive The yesterday's bounce from 1325.41 was a bit strong that made a price overlap and because of this, I think wave iii was not seen. The yesterday's low at 1325.41 seems just the end of the first wave i within wave (3)...

7.13.2012 Bears need to defend 1343.47 to maintain the fall from 1374.81 impulsive The yesterday's bounce from 1325.41 was a bit strong that made a price overlap and because of this, I think wave iii was not seen. The yesterday's low at 1325.41 seems just the end of the first wave i within wave (3)....

brandyjoco wrote:Anyone have a chart on UVXY? Is that a good buy?

I hate UVXY. A small bounce even in red area can erase (1-2)/3 of the lately gain of UVXY. Meanwhile SDS mirrors better a bear market.

If you think the bearishness of the pair EUR/USD would negatively affect to stock markets, you may care this chart.
The Head & Shoulder target should be 1.1360. Timing is about the 1st week of September 2012 but it could be sooner.

Market can't be more bearish than this:
1. Break down the lower line of the Rising Wedge plus
2. Break down the lower line of the Falling Wedge
A small hope for bulls is a consolidation at 1326.20, the 38.2% Fib.
To me however this 1326.20 will be broken eventually, maybe not today but tomorrow

stockcycle wrote:

TradingJackal wrote:

stockcycle wrote: we may be in the wave iii within wave (3).

I would have expected a bigger gap if we were in 3 of 3.

Yes, but not necessary. I think deeper than 0.80% is satisfied. The fall would continue next days.

I mean "Deeper than -0.80%"

TradingJackal wrote:

stockcycle wrote: we may be in the wave iii within wave (3).

I would have expected a bigger gap if we were in 3 of 3.

Yes, but not necessary. I think deeper than 0.80% is satisfied. The fall would continue next days.

I expect to see the lower line of the Rising Wedge broken down today and an accelerated fall to follow When I watched more closely into the 15min chart, I found that the price evolution from 1374.81 to 1346.65 can be counted as a 5-wave impulsive pattern which finished impulsive wave (1). After 1346...

7.11.2012 We are back to Bearish Market is more than 50% confirmed Why? 1. Price failed to make the fifth contact with the upper line of the Symmetrical-Broadening Top, instead it made a break down the lower line at this contact. 2. Price closes the day back below the 50% retracement of the fall fro...

The pullback might be like this. For my own trading plan (My plan today is bearish). Too sleepy now in VietNam.

ERU/USD seems break down the bull flag > bad sign.
TZA AND VXX are still at relative reasonable prices for bear front-runners

More warning signs from the view of market breadth T2107-Market breadth (Percentage of stocks above their 200-day moving average) is giving warning signs of downward crossover from the high. T2108 (Percentage of stocks trading above their 40-day moving average) is showing a negative divergent when ...

More warning signs from the view of market breadth
T2107-Market breadth (Percentage of stocks above their 200-day moving average) is giving warning signs of downward crossover from the high.

Looks like some signs of profit taking from the charts of Gold, Silver, Crude and EUR/USD.

Baron von ExitStrategy: refresh my memory please, what was it u used to say about sell all double tops. Does it apply today? WTF WTF? That’s MY chart and its not nydnv it is $NYAD net (advancers minus decliners) Quit confusing me with my own dang charts I thought u said nydnv? Post YOUR charts plea...

Sold out all on rally and will buy back on dip (hope to be tomorow or Friday).
http://cyclestockmarketwinner.blogspot.com/

Looks like SPY is in the forming of a descending broadening wedge that favors the break upward.