Cobra's Market View

99er wrote:jarbo456

The Bat.

http://99ercharts.blogspot.com/2011/08/spx_8840.html

that right wing is getting stretched and stretched. it's hurting my arm.

99er, any chart updates? we still looking at the double top reversal?

BAC ripping 11%...really? capitulation rally, but we all know where it's going right? -_-

bulls haven't had enough for the day. looks like we're heading to 118.

looks like a breakout in formation unless we get a strong sell on the 5 minute here.

Retrace to 117.30 'ish. Then...it's "Rio, here we come." you got your touch of the 117.31/33 area. Twice in one day... Sometimes even a blind squirrel... problem is a little stall-out, but it looks like it wants to go a little more...or does it? where's that blind squirrel when you need i...

Anaconda wrote:Retrace to 117.30 'ish. Then...it's "Rio, here we come."

you got your touch of the 117.31/33 area.

Cobra wrote:trend line and EMA as resistance. the bigger picture looks like a Bull Flag, so the rebound is not over yet, just we have to wait for the flag breakout.

are we getting a breakout of the flag?

for those of us who sometimes get stuck into an overnight(s) position (raising hand)...this post makes sense and gives a little laugh at the end.

http://www.zerohedge.com/news/guest-post-fear-and-fear

Anaconda wrote:Speaking of phantoms...we had a phantom bar down, yesterday near the close, which points to @ 115.30 SPY. ChiOsc high on the hourly, fib resistance hit. More down.

i saw that too. green minute bar at the close that hit a low of 115.3.

Random observations: I have QQQ in the red at the moment but showing a big phantom bar up. SPY probably wouldn't be so hot either without the financials being up big this morning. That phantom bar looks like it is exactly 1 point. So, it may just be a fat finger error from someone typing 53.4 inste...

my personal observation has been that when the S&P is leading the market, it rarely has continuation. whereas if the nasdaq is leading and pulling the market up, there's usually follow through. anyone else see that?

BAC led rally. can we really believe this?

99er wrote:SPX
That should do it.
http://99ercharts.blogspot.com/2011/08/spx_5184.html

Honey...start the car!

looks like a try to break out to the next fan no?

99er wrote:Hey Ben...
30-Year http://99ercharts.blogspot.com/2011/08/30y.html

Bats keeping you up at night?

was that a bearish butterfly you showed earlier 99er?

bulls really want to eek out every bip on this. sheesh.

it's weak, but looks like a head and shoulders on SPY 5 minute.

biotrader wrote:$SPY - short @ 114.75 again?

nice short. i was going to write that you were being rather "ballsy".

but now you're just being right.

lol

testing the triangle and the channel...just above the channel line.

weak housing data, treasuries up, but EUR up and market up. -_-