Cobra's Market View

This is John J. Murphy's Broadening Pattern. So far the market is following the pattern precisely. The intraday volatility this week suggested the pattern might not be viable for SPX' recent moves, but if I look at the closing prices everything is ok and the pattern is valid. fr.png not sure why it...

I feel new high is ahead us next week. :) Hmm, I am scratching my head. This is es 5min in IB: http://content.screencast.com/users/SwitchCase/folders/Jing/media/89a7644f-8c4-4fb3-8b62-c1004110ae4c/2014-01-20_1325.png The overnight price action was interesting that the ascending triangle was broken b...

Hmm, I am scratching my head. This is es 5min in IB: http://content.screencast.com/users/SwitchCase/folders/Jing/media/89a7644f-85c4-4fb3-8b62-c1004110ae4c/2014-01-20_1325.png The overnight price action was interesting that the ascending triangle was broken but es turned immediately to upside, inste...

The overnight price action was interesting that the ascending triangle was broken but es turned immediately to upside, instead of following through to the downside. I am staying on the bear camp and be watching how the reaction at 20DAM/Mid BB in coming days. Points of interest: 1.PNG Breadth are be...

stlwater wrote:

Al_Dente wrote:In the last week spy has printed a maximum of three red elders on a mini pullback b4 recovering
We are on #three red 15 min elders
Bears could take this if they only had the balls

1030fifteen_png.png

why the one on the bear wears no pants?

could COT data lag behind? I recall the gold COT data is only dated 10/4. The info this weekend is a little alarming. Smart Money record short, institutional accumulation distribution divergence persists and both AAII and II are very bullish. The chart below show Smart Money record short, despite al...

anybody remember that Vixie's secret chart i posted two days ago? LOL

XLU looks fine with me, until its bottom is taken out and then the big triangle will do its job.

Vixie's Secret fashion show!

Whooppss, naughty vixie chick!

need miyagi p-p-p-p-barrrr to da moon!

Let's see if this plays out.

TraderGirl wrote:UCO...usually gap fills as indicated here: viewtopic.php?f=2&t=1020&start=60#p138705

Now upside gaps filled...good to take some profits although potential to see higher high....

Does it look like bull flag?

we no longer have 10+ pages on this forum any more.

goog selloff today was unexpected. someone didn't give us the chance to buy put cheap. oh well.

what caused today's selloff?

Thanks for the chart. The crisis occurred but EGPT rallied for 2 days?? Is there any reason? Thanks!

Al_Dente wrote:Egypt in crisis
(There is a P-Bar down to $10.42 on 1 July that does not show on this chart)
NOT recommended as a trading vehicle, as the volume is WAY TOO THIN

74egypt_png.png

Kezai, how does DAX touch 200MA already on your second chart? 7684 is 200MA as shown on stockcharts. DAX my preferred ST structure DAX-We01.png Bounce at 200MA or third time's the charm ? DAX-We02.png Dow global looks like wants to backtest triangle then we will see, maybe bounce first DOWG.png Warn...

jademann wrote:UVXY 10 for 1 reverse split AH tomorrow..

so that it can go down more?

spy falling wedge?