Cobra's Market View

The only thing that keeps the market up is the DJIA...each morning the algos are rushing in to buy it and the other indices are following suit

MrMiyagi, as I see it, nowadays the uptrend is so strong that the recent down pBars doesn't work anymore...unfortunately That's the way it is in strong moves, long legged down pBars will most likely not get hit. Works the same way in downtrends, up pBars don't get hit. So if the market turns down o...

MrMiyagi wrote:Friday's Gap

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MrMiyagi, as I see it, nowadays the uptrend is so strong that the recent down pBars doesn't work anymore...unfortunately

over the last 3 days the Dow outperformed the other US indices...it seems to me that the big boys used the Dow as a hedge (long) against shorting the other US indices. I think the paycheck will come rather sooner than later

Any thoughts about German Dax index? It is in a free fall over the last two weeks or so...with lower lows each day and without any significant bounce...

Cobra how come INDU is so weak and the others indexes are not? isn't INDU supposed to lead the market?

hello to all.

any thoughts about gold?

I'm a passive viewer of your blog and I really appreciate your work