Cobra's Market View

Cobra, would you consider that we have a double top around 1364/1365? If so, what is your measured target?

Hi Cobra

Got a quick question for you. In your early morning post, you said that s&p has to break the previous high and it cannot fail. Must it do so today? Is the market still bullish if it fail today but do so next week?

I think we might see a bigger pullback starting tomorrow. A 50 pt cut by ECB will resume this bull run but a 25 pt cut may not be enough to satisfy the market.

Bulls really using their last ounce of energy to defend 1260 but they fail. So is this a double top?

I think we might close around 1260 and gap up over 200 ma tomorrow. Sneaky bulls. Can't cross over resistance so just gap over.

Double top? Cobra?

This up move looks weak as NQ is not supporting. Cobra's outlook did mention that he expect another push but most likely will not create a higher high. S&P reach 1266/1267 yesterday and it reach 1265 so far. If it can't break yesterday' s high, then we have a double top and down we go. I am keen...

Hi Cobra I already registered with your site and wish to express my thanks for your tremendous hard work and contribution. I am been lurking in this forum for a while and a newbie in TA. Lost a lot of money in the past and will hope to take it back (hopefully in this lifetime) with your help and the...