Cobra's Market View

Is it just me or is everybody here looking for a pullback? Does that not concern anybody...?

think i'll wait until we breach 1400 and get a last push of short covering/stops, then buy some puts.

this entire choppy uptrend from early june looks like it might put up the oh-so-rare quintuple negative div on the daily RSI. unless of course we blast off from here and negate the divergence...

Anybody have any opinions on the strange trading behavior in a number of stocks this mornning? http://www.reuters.com/article/2012/08/01/us-markets-stocks-idUSBRE86M08N20120801 bloomberg also has an article. MTW, P, GT, LVTL a couple of the issues that got whipped around. now a headline from Knight ...

Cobra wrote:hourly black bar, let's see if the next bar is big red like most the other cases.

Cobra, just curious on your chart - how is it that you have a complete 60-min bar at 10am (after only 30 mins of trading)? not sure how that works. thanks!

Mr. Miyagi- in relation to the 50/200 cross on the Monthly chart, check out March of 1978. Very similar multi-year setup and they nearly crossed. But instead they just kissed and the market took off on a new bull run. Of course that can happen as well, you are correct in that. In face of economic s...

Here: I did the SPY by mistake instead of SPX; http://i89.photobucket.com/albums/k223/savingfacebucket/525.png Mr. Miyagi- in relation to the 50/200 cross on the Monthly chart, check out March of 1978. Very similar multi-year setup and they nearly crossed. But instead they just kissed and the marke...

another Pbar $52.72? (SSO) Love your P-Bars Mr. Myagi. I'm curious - do you know of any good resources where I could read about P-Bars? I'm curious to learn more about the technical and trading dynamic of the how/what/where/why of them. Would love any nuggets of wisdom you could toss my direction. ...

all the bad headlines done for the day, still breaking through the morning high. i see no reason why we can't just gring up to 1281-1285 with ease

BullBear52x wrote:Bears would want to see the MACD here below zero, or bulls will take it to da moon.

MACD histo already turned negative yesterday on the underlying index. no big deal...?

the bots successfully hunted down all the stops at Friday's low. looks like we might have 5 waves down. and a positive divergence on 60-min RSI. looks ripe for a bounce

SWalsh wrote:Does this activity seem like we've seen it before?....maybe 7 days ago?

those don't look very similar. to me today looks more similar to last thursday (6/28) or monday (6/25). both gap down with bowl bottoms

ClarkW wrote:I'm certainly biased but a little rebound for the next 30 minutes increases probability of gap down on Monday, no?

increases the probability, yes. but does it make it probable? no.

Petsamo wrote:My F is up big for some reason

today is June vehicle sales

rumor says uk banks to be downgraded very soon my rumor source is pretty reliable. even tho he said moody's to downgrade uk banks at 6:30 london time didn't happen, i still think this rumor is very likely. i think it makes more sense to announce downgrade together after us close. does this mean equ...

XIV turned back at trend line... TraderGirl, this chart is right on the nose this time, what is possibility that it turns true that no turning back until July 28th? very impressive so far. Bullbear - how do I interpret that Bradley Siderograph? If we continue up to July 28th that will take us well ...

anybody still not believe that folks aren't selling ahead of FOMC? trend looks pretty clear to me i still read too many "but"s. we're breaking out, "but we're going to pull back soon." we're hitting resistance. we're overextended. all tells me we're just going higher. why can't w...

doesn't look like anybody is going to sell before the Bernank speaks. why would you?

Petsamo wrote:OK, where are the bears at

scared. the bernanke put is well in force at the moment.

looking at spanish bond yields many figure a central bank intervention is inevitable

well, guess that's it for today. the ascending triangle target is actually met. :lol: judging by the close, it looks like big guys knew some good news in the weekend. Thank you guys, I'll see you the next Monday. i work at / am one of those 'big guys' - i assure you we don't know anything. short co...

well, guess that's it for today. the ascending triangle target is actually met. :lol: judging by the close, it looks like big guys knew some good news in the weekend. Thank you guys, I'll see you the next Monday. i work at / am one of those 'big guys' - i assure you we don't know anything. short co...