Cobra's Market View

Cobra wrote:still ChiOsc is too high. let's see if the wedge support could hold here.

Cobra, can you please explain the text book pull back target of this chart? thanks!

hey cobra - trin is not a great indicator anymore since most of the volume comes from the top 10 stocks which happen to be financials. if u take a look at c and bac there is heavy institutional selling and they make up a big part of TRIN there is still selling pressure but since most of that volume...

hey cobra - trin is not a great indicator anymore since most of the volume comes from the top 10 stocks which happen to be financials. if u take a look at c and bac there is heavy institutional selling and they make up a big part of TRIN agnosia, can u please explain why you see that as selling but...

[quote="Cobra:]No, not good for bulls. If small red or green today, then we'll see new high, but still intermediate-term is hard to say.[/quote]
got it,

cobra, what is your suggestion for revisit the low on 22nd? do you think that could happen? it seems we already got hl hh in daily charts. thanks! Not sure if we'll have 2nd leg down or not. Let's see how today closes. Overall, I don't believe the market will go much much higher like SPX 1500 becau...

cobra, what is your suggestion for revisit the low on 22nd? do you think that could happen? it seems we already got hl hh in daily charts. thanks!