Cobra's Market View

IBM loses that 2 year trend line with a close under 187$
and since IBM is the 11,3% of the dow.. it is not hard to guess what comes after that

Will IBM bounce one more time from the MA 50 as it has always done in the past? i dont think so.. this time is different imo.
189 is a key trendline level to watch.

shaca wrote:nasdaq +2,4% and NAUPV:NADNV is just 4
very very weak up volumes today

3.35 now
is this rally a joke? unbelievable weak volumes;
6.50 is the ratio on the nyse

i dont remember a day like this

nasdaq +2,4% and NAUPV:NADNV is just 4
very very weak up volumes today

economic data all over the world have been bad in the last months the market realized that there won't be a QE so now the market won't go up anymore as it did till yesterday when there are bad economic news hoping for a QE just watch commodities, deflation is the idea. i think the deflationary idea ...

cougar wrote:AAPL successfully crossed SMA(50) = bullish

This post was delayed by "the system": "At least one new post has been made to this topic. You may wish to review your post in light of this." LOL!

bollingers on the daily chart are saying that a big movie is coming

did anyone see this wolfe on apple?

looking at NYUPV and NYDNV, they are quite bearish, sp500 could have a dead cat bounce today, but i think the next step would be 1248 sp 500 index ( a fibo level min 2011/max 2012 ). nasdaq has had a very bad performance of the NAUD since mid-february, i've never seen lately so bad volumes on the NY...

when you look at NYSE volumes, there is equilibrium, but when you look at nasdaq, it is so scary, it's hard to be bullish looking at this

DAX broke below H&S Top neckline but having a dramatic coming back, so I need see if this break could hold first before blah blah how bear is bear :mrgreen: I had to get up very early today: DAX bounced at support 6300 at about 3:30 am :D 6300 looks good, should hold for the next few days. Supp...