Cobra's Market View

Take a look at this site: I agree with the Elliott wave count there. Its the same count I have. : UP to new high 1750's Then a big drop to 1520's

http://www.thewavetrading.com/...

Smart money added more short Cobra.. Per EW microcount.. seems to me this last push up will fail at 1694ish as it seems to be an ABC correctional wave up and not an impulsive 5 waves up....Then we have a H&S down to 1650's. It can also be counted as an ABCDE triangle. Where D is the coming 1694...

We are in a w3 now... so we should go up into 1640ish area and then down to 1627.... That is a big support area... I think we might do a small ABC correction.. to somewhere in the 1630's .. That will give time for consolidation and remove the short term oversold conditions in the oscillators. Once t...

Umpel asked me to post the chart below while he's away having good time. The chart means "this system suggests a reversal/acceleration on June 4th." Cobra, I appreciate all your efforts and insights. Long time member here. I don't post often due to lack of time. Question. Do you do Elliot...

Yes, Hindenburg Omen triggered, but it stops working nowadays due to lots of bearish fund and bond fund in NYSE, so the Omen is not as accurate as before. I see. Thanks.. But if you follow astros... A puetz window recently opened. In addition, another puetz window will open in November? Could that ...

happy weekend all boardies-hope you had a productive week!. KTown: 20 of 20 UP tuesday turns into MDD 21 tuesday, see "Tricks" chart 6.5 for March PIVOT=6% correction due.....that points toward 158.80spy . http://stockcharts.com/public/1684859/tenpp/12 I got less short and bot a few calls...

Umpel asked me to post the chart below while he's away having good time. The chart means "this system suggests a reversal/acceleration on June 4th." Cobra, I appreciate all your efforts and insights. Long time member here. I don't post often due to lack of time. Question. Do you do Elliot...

This is how I see it...... (ignore time bars ) .. we are targeting 1580ish.. (2007 high was 1576 so may top here) Thoughts? WAVE TIME BARS FROM TO Length WAVE 1 5.00 1485.00 1525.00 40.00 WAVE 2 3.09 1525.00 1500.28 24.72 WAVE 3 8.09 1500.28 1565.00 64.72 WAVE 4 4.27 1565.00 1540.28 24.72 WAVE 5 5.9...

I agree some posters here....

This 3 day chart and trendline show the 1520's as a likely top to look for.

Is this a W1 targeting 1457 ??? If so.. Its not that high up before the next downleg..

are we heading lower??

Is this a Head and Sholders on the 60 min chart??? About to break down??..

I had DNS problems today too

These sites mention that we could be in a 3 peaks domed house pattern.... The same as in 2008. Take a look at:


http://www.tradersaffiliates.com/MARKETUPDATE.htm


http://www.tradersaffiliates.com/WEEKLY%20UPDATE.htm


and


http://deflationland.blogspot.com/



Thoughts?

Looks like Gap UP tomorrow. Can it really go much higher?

10 min stocastics and macd show we may be near a bounce. Thoughts?

15 stocastic and macd are nearing a top.... things about to turn down?

2nd leg down?? maybe gap down tomorrow? thoughts?

I think we may be entering cosolidation before going lower.... 60 min chart of stockastics and macd just crossed over so means down...... but 15 min chart shows oversold... so I think consolidation first then more down...

Petsamo,

Betting down tomorrow?