Cobra's Market View

Cobra, in last nights report you said you were pretty certain any big rise today would be a sell, and lower lows were ahead. Do you still feel this way. ?

There are two phantom bars from this morning at 135.3558 and now it is on my quote screen as the high of the day. If we start a rally here and go back to even for the day, it will be once again be a crooked prearranged trade , showing once again how crooked this market is. Looks like Ben Bernanke wi...

I tried to tell you guys about the negative divergence on the 60 min RSI yesterday and what it was saying , but what do I know.

Cobra, now we have a beautiful star for the daily chart and also a double negative divergence on the weekly RSI.

The negative divergence on the 60 min RSI still lingers. Used to mean something, now days Cobra just ignores it. Guess he is right.

Nobody's said negative divergence on 60 rsi confirmed or double top.

Maybe we have the 60 min negative divergence on RSI ??

The dow is now up 630 pts from last friday. Looks like fireworks that will come back to ground tuesday. ?

Next step if my streak of good calls this week will be to retest the 50 sma at 1316 , next week.

My S&P price target from yesterday was reached today. You guys are on your own now.

The 50 sma is at 1316 and might be the target for this afternoon or tomorrow.

lAST CALL BEFORE THE GREEK VOTE TO COVER SHORTS. VOTE IS AT 5:00 AM EST. Maybe all the shorts will have covered and no huge up tomorrow.

Phanatom prints of 128.63 spy, last time phantom prints were hit within two days, maybe time to cover shorts and short term long.

Cobra, 3 hrs to go but your big prediction for Red wkly bar is coming true, I told you last night , yes you could, also did alot of praying as a bear.

The FP bar of spy 132.49 is still on my chart with large volume from yesterday. So I will say it was a real trade, if so, then we are not trading above yesterdays high yet. Maybe that will be the high this morining, fed beige book at 1:00pm should hold the rally till then at least.

Cobra, the best signal thus far in the rally was two days before it started with the model giving the close short positions that was very accurate. Does the model also give time to close long positions ? Thanks

What if a gap down to follow? I know if it trade inside day the following day recent high should be tested, am I right? but gap or closed below will that be good enough confirmation for down trend continuation. Can you think of any reason that could bring down this market? NFP is Friday, usually on...