Cobra's Market View

BullBear52x wrote:The pivot point of 157.21

If memory serves we still have an unmet Miyagi p-bar at 1574ish.

I was looking back at some of my old charts last night and found this very long term chart.
Looks like the lines in the sand are still holding but the squeeze is on.
The blue line is blue until it's not.
Below is a 20yr chart and a close up at 5yr

This is from a buddy of mine at Cantor-Fitzgerald. It is the first I have heard of the BDI. Just another piece in the puzzle. I thought some of you may have some more insight. As I have pointed out earlier, government statistics DO change over time. Sometimes due to actual changes in statistical gro...

jarbo456 wrote:is that it bears? the best you can do is break the previous ES lows at 1279.25...

You have just invoked the GOI
Gods Of Irony
The bears owe you a debt of gratitude

Full Disclosure: In general I am Bearish on the long term of the market I mentioned before that the previous times the MACD had a negative cross on the Monthly chart, a significant overall market drop followed. This cross occurred a few months ago. I was looking back at the chart for perspective and...

Roses are Red Violets are Blue
When you look at this chart
Do you see a Deja vu?
...all over again

http://stockcharts.com/h-sc/ui?s=$SPX&p ... =242813291

Dow Trader wrote:This is the only possible down line and hope for bears I see

Here's another possible line. May be just a big back test in a new bear trend.

http://stockcharts.com/h-sc/ui?s=$SPX&p ... &listNum=1

This is the top guys, and its my first comment on this site :) Welcome! Bear Eye Candy. Market attempting to get back even for the year. Resistance maybe? I am of similar thought. There is a mental magnet pulling us up to huge resistance at the neckline, the 200day and a trend line just above us. N...

An observation. Many, including CNBC are bringing up the comparison of the October-December 1998 SPX chart and implying that we may be on a similar course straight up. To me one striking difference is the $USD chart for the same, then and now, time periods. At the end of September 1998 the 50day mov...

New to board but have watched for awhile. Great group and lots of good info. Thought I'd toss in one chart pattern that seems to some consistency. If you look at the $SPX 5min with 50 and 200 SMA the crossovers often lead the upcoming trend. Some are very short lived A downward crossover occurred to...