Cobra's Market View

Good Morning! I would like to thank for private messages like “Are you coming back?…We missed your posts” which I got yesterday. However, I got another private message entitled ‘Just so we are clear’ from SWalsh. I will reveal it unaltered…for everyone’s appreciation. It goes like this: “Cougar wrot...

Paging KeiZai! Sorry for the delayed answer…Last night, while I was checking the weekend posts, I stumbled over an offensive exchange of hatred that Cobra also noticed …and I decided to stay away from this environment…I got out without publishing a series of charts and discussions which I posted on ...

AAPL is still in limbo. A strong 2x MA support held yesterday .
Latest butterfly was neither validated nor negated.
No longer swing positions here…only scalping for day-traders…not for me.

Leaving this blog for today...GLTA!

GLD filled the gap, as proposed as soon as it became clear that it couldn’t jump above the Regression Channel.

GM!
SPY stopped at fan support?! Not clear…I'll need one more move to decide...

Why did EWP bounce ?
Because we got great news for the Spanish Banks: they can now collateralize radioactive guano with the EU benediction!

CognitiveDissonance wrote:

Cobra wrote:Twitter dead? I cannot send anything out.

Yep, twitter is down

Same here: twitter down!

Cobra wrote:volume surge, might see rebound but the rebound would fail.

Yes...rebound for IWM here also...but (as Cobra said for SPY)... rebound should fail!

BullBear52x wrote:

cougar wrote:

BullBear52x wrote:Intraday oversold, but since we are in sell the rip mode lets see how it reacts here.

R U short IWM? hope so! It is now in a support zone...If it breaks it....=> 77

yes sir, evil TNA swing short set up.

GOOD! IWM ~77.42 (S2) is now resistance:

IWM under S2 support (77.42)

BullBear52x wrote:Intraday oversold, but since we are in sell the rip mode lets see how it reacts here.

R U short IWM? hope so! It is now in a support zone...If it breaks it....=> 77

ClarkW wrote:EEM at the 61.8% retracement of right wing. Strong move but might take a break here.

Excellent! Congratulations!

Paging COUGAR. What point do you use to validate a harmonic pattern? Break below B for a bearish Gartley? Possible Bearish Gartley on EEM 60 min. Short via long EDZ. Also long DZZ and SMN (not a recommendation!) Hello Clark! There is no fixed rule… In a market of controlled volatility (like now), f...

Hedgies are caught long GLD and gold miners.
DUST was artificially kept low => breakout imminent
I am long DUST
============================
60 min chart (before opening):

The market red, the angst is deep...
Bernank has promises to keep
And print the billions while we sleep!

cougar wrote:Paging BullBear!

IWM gyrating in limbo. Long IWM P78 (exp. 6/29) @ 1.07. We shall see…

OUT of IWM P78 (exp. 6/29) at 1.41 (bought at 1.09)! Not greedy

Paging BullBear!

IWM gyrating in limbo. Long IWM P78 (exp. 6/29) @ 1.07. We shall see…

cougar wrote:PLX making a much-expected move today...but we need VOLUME...badly!
I am already long PLX.
Understanding its fundamnetals is essential for those who like its chart!

Here is the PLX chart...previously deleted by some glitch of the system:

PLX making a much-expected move today...but we need VOLUME...badly!
I am already long PLX.
Understanding its fundamnetals is essential for those who like its chart!

VIX gave an early and timid BUY signal. Confirmation => when it crosses 19.99! Sounds like WS price? Ha-ha! Charts at closing: Friday and yesterday Thanks cougar great chart...as always! Thanx KeiZai! Here is GLD: unable to successfully break above the "Technical Reg. Channel" ... gapping...