Cobra's Market View

BBFinance: I try to never wear blinders, I want to confront my model with other ideas. Not to copy, but to evaluate and ditch, preferably ditch the other idea... I didn't know that Hulbert rated schaeffers badly, interesting. But I do enjoy reading the Monday Morning on Saturday night. And I also e...

For the bulls: check out schaeffersresearch.com and read the Monday Morning Outlook: "Stop Trying to Outsmart the Market" by Ryan Detrick. He suggests that sentiment levels and accumulation of short positons are bullish. Good research, good read :D For the bears: resistance at 1370 is str...

For the bulls: check out schaeffersresearch.com and read the Monday Morning Outlook: "Stop Trying to Outsmart the Market" by Ryan Detrick. He suggests that sentiment levels and accumulation of short positons are bullish. Good research, good read :D For the bears: resistance at 1370 is str...

Good Day Cobra,
"if index goes up without a lower low 1st, then its a sell opportunity". Is it still valid or we have more upside ? Do we wait till close?
If we get a good resolution of Greek PSI tomorrow, the dip buyers may all come back

Gap down below yesterday's low so chances are the gap won't be filled. Global ES is clearly at key time, the support has been tested 3 times, now let's see if the 4th time could make any differences. The possible Double Top target is shown on the chart, I think the breakout of the neckline is real,...

Gap down below yesterday's low so chances are the gap won't be filled. Global ES is clearly at key time, the support has been tested 3 times, now let's see if the 4th time could make any differences. The possible Double Top target is shown on the chart, I think the breakout of the neckline is real,...

springheel_jack wrote:The bull flag on the ES 1min looks interesting but it has a larger friend on the ES 15min of course:

http://screencast.com/t/9do2kegwt

Hi Springheel,
Nice to see two great TA guys in one forum. Read your post everyday morning in SH.
BB Finance.

Me XMan wrote:great for shorts

Cobra wrote:unbelievable, this is almost vertical up, 90 degree!

Unless you are talking about a few minutes scalping, any shorting idea now is pure death wish.

99er wrote:Update

EURUSD-ES http://99ercharts.blogspot.com/2011/12/eu-es_1194.html

What is wrong with this picture?

Why don't you tell us?

You said today at intraday.I checked spy wkly/daily/hrly 15 min chart, don't see any hint. "if we close strong today aka MAD, then we might have a down day tomorrow. The selling isn't over yet. NORMALLY, I mean of course." Oh, this is because MAD follow a MDD, so usually the next day is r...

You said today at intraday.I checked spy wkly/daily/hrly 15 min chart, don't see any hint. "if we close strong today aka MAD, then we might have a down day tomorrow. The selling isn't over yet. NORMALLY, I mean of course." Oh, this is because MAD follow a MDD, so usually the next day is r...

You said today at intraday.I checked spy wkly/daily/hrly 15 min chart, don't see any hint. "if we close strong today aka MAD, then we might have a down day tomorrow. The selling isn't over yet. NORMALLY, I mean of course." Oh, this is because MAD follow a MDD, so usually the next day is r...

Cobra wrote:still bullish biased, more likely to breakout on the upside.

Good Afternoon Cobra,
Which one / What is the target please?

Cobra wrote:careful, RSP leads down.

How is the volume. Can it be called distribution?

Cobra wrote:well, target met, but no sign of stop.

Hi Cobra,
Would you consider the trend change now?

Cobra wrote:

SB73 wrote:Cobra 2 legged sell off?

so far it looks so. the rebound shall fail.

Hi Cobra,
We are at mid-day now. What is your assessment, Is it a 1-2-3 trend change or bull case?
Thanks,

uempel wrote:Update:

SPX7.png

Hi Uemple,
I know I am being thick, but signal for what?
Up or down?

Thanks,

In AUD/JPY we are due for a bounce upto 78.88 but will sell down to 77.45.
Irrespective of the late bounce or opening high early tomorrow, I think we will go down further.

OK, I'm back, nothing changed, I saw 3 push up here, so still not good for bulls. how about with a 4th push up? you got it but still not good. Earlier in the day, you talked about trend change. Any more thoughts on that? How do you see the close? Thanks, assume no miracle or rumors in the last 28 m...

Cobra wrote:

stucap wrote:

Cobra wrote:OK, I'm back, nothing changed, I saw 3 push up here, so still not good for bulls.

how about with a 4th push up?

you got it but still not good.

Earlier in the day, you talked about trend change. Any more thoughts on that?
How do you see the close?

Thanks,