Cobra's Market View

MrMyagi,

Do $GLD p-bars mean anything? Have they ever "worked"?

There's a giant p-bar down to 115 on my $GLD charts, from two weeks ago...


TYIA

So, Gravity does not exist in $FB Land, does it?

Will it ever pull back again? Every 20 cent dip is bought... will it ever pause?

Looking for the pro's views

thanks!

So... anyone with an opinion on what $FB did @ close and what's next? Full retard.

Would 483 be a good point to start buying $AAPL again?

I mean we had such a strong uptrend, surely the first dip shall be bought?

Thx!

fehro wrote:I'd be careful with AAPL. I would not be surprised to see a gap break the neckline. Which may cause a 2nd wave of selling.

Interesting. Thanks!

I'M surprised nobody posts about $AAPL here. Barely any post about it last week.

Anyone thinks a small pullback might be due? To form a better base?

Fine, not trying to be rude, maybe it helps some... whatever the methodology... It's just that every time I've seen it used successfully, 1000 other indicators were screaming overbought/oversold. Maybe I've not been paying enough attention to it.. I'd just like to point out that I also knew we would...

MrMiyagi wrote:TraderGirl,

Is your March 26th area turn date still in effect?

Turn dates.. LOL.

I have a crystal ball for sale too.

Jokes aside, don't waste your time with those "turn date" predictions, they're always valid... until that "date" passes and nothing special happens.

H&S bottom 1% away from a 5 year high...

Can't get more bullish than that. LOL

Wanted to add: Don't worry, if anything, a 1% gap up tomorrow will take care of the resistance we're seeing now.

wow, happened? The chart is not good looking now. I'm not gonna cheer on this drop since it's too little, but just wanna say that "what happened?" also applies to the previous 11 days where we closed up... with many of those days having suspicious ramp ups, leaving me saying "what ha...

what the fck is going on... no digestion needed.. straight up. can't believe people would buy into this... seems impossible to me. Who buys up here without fearing they're the greater fool ??? jesus

Cobra wrote:the open. Noted that the equal weighted SPX actually gaps up! maybe this market indeed will never ever pullback anymore.

exactly. seems like charting only works for upside trends, I'm now thinking you can't use any chart indicator to pin a downside move... it just doesn't happen.

Well, that pump reeks.

Cobra, have you abandoned "the sizeable pullback soon" theory? Too much liquidity to drop, ir looks like.

@Cobra,

My mistake, I thought the "Morning Black Bar" theory implied this bar signaled the start of a pullback --- didn't think it only meant one red candle will be next...

No hope of SPY ever pulling back again. Guess yesterday was once in a lifetime opportunity to buy!

Another Failed Morning Black Bar it looks like. CPCE, % above BB top, AAII, and other indicators should just be thrown out of the window, following the relentless run higher we’re seeing. Nothing works.

Cobra,

$AAPL volume surge, exhaustion gap? Rebound might be due? thx

I will if I get bailed out of this situation! $AAPL

Cobra,

I'm not a member But I risk getting wiped out if $AAPL doesn’t continue its bounce – so in your words, does “this bull has legs” or “this rebound is weak, it shall fail” ? thx for your generosity.