Cobra's Market View

Cobra wrote:

cli wrote:Hey Cobra, any thoughts on CAT?

not good looking.

thanks, do you think it'll visit the October lows?

Hey Cobra, any thoughts on CAT?

hmm, here comes the 2nd leg down. I'm neutral, not much clue. tinted area is 100% Measured Move target. Cobra, H&S in the work on the SPY intermediate term? target 137.5 ish? need a confirmed break down first, too early to tell now. besides H&S pattern has very high failure rate. thanks

Cobra wrote:hmm, here comes the 2nd leg down. I'm neutral, not much clue. tinted area is 100% Measured Move target.

Cobra, H&S in the work on the SPY intermediate term?

target 137.5 ish?

Cobra wrote:more down seems likely on AAPL.

Looks like that H&S has broken to the down side... next stop 608?

Hi Cobra, can you kindly look at CAT's daily chart? support lost at 105, next one at 97? what's the likelihood of a rebound from here? thanks First of all, welcome aboard! :mrgreen: my read on the chart is bearish because it's a confirmed 1-2-3 trend change. the target is shown on the chart. I don'...

uempel wrote:

cli wrote:Hi Cobra, can you kindly look at CAT's daily chart? support lost at 105, next one at 97? what's the likelihood of a rebound from here? thanks

Support at 96...

thanks

Hi Cobra, can you kindly look at CAT's daily chart? support lost at 105, next one at 97? what's the likelihood of a rebound from here? thanks