Cobra's Market View

gap closed, free to rally now

if we don't... then, well... uh oh

1407 p-bar...

MrMiyagi wrote:

rc1269 wrote:Mr. Miyagi - we still have an outstanding p-bar down to 1407 right?

SPY 140.70$, that is around 1406.2.

great, thanks! well.. not great... but thanks

Mr. Miyagi - we still have an outstanding p-bar down to 1407 right?

Me XMan should feel good today. He exited his long position yesterday, right ? Did the SPY have THREE WHITE SOLDIERS as of yesterday?? Me XMan talked about it... Is "Three White Soldiers" Googleable ? I never heard of it. Hey, Me XMan, I didn't mean to wake you up. http://thepatternsite.c...

Weren't there some folks calling for today to be a "turn date"? Does a continuation upward count as a "turn"? just curious how those turn dates work and what exactly that means

Mr. Miyagi - can you update us on SPY p-bars from the last couple weeks? wasn't there one going all the way up here to 146.xx or something close to that? and don't we still have one down to ~140.7...? thanks!

VIX seems like it's not willing to make lower lows each time we've rallied lately. VIX MACD is very close to popping into the green. just something to keep eyes on

all shorts been squeezed out now finally?

Petsamo wrote:POT is getting slammed for some reason. Earnings is 10/25 pre-market. Any news ?
Anyone playing INTC ?

they pre-announced and guided down

PHK and TLT are not even remotely similar. You are technically correct, but in my opinion PHK can serve as a substitute for dividend stocks or bond funds. I'm willing to bet that PHK, being a fund, can use the same claim as gold sellers, "PHK has never been worth zero". PHK has an advanta...

Out of Bounds wrote:

jarbo456 wrote:
most credit analysts will argue against holding duration risk at this point in time.

I'm watching your posts more carefully after that one statement. Spot on!

except, most credit analysts aren't the ones making duration calls...

Hey Mr. Miyagi- How high did that big SPY p-bar go? the one from a couple days ago. ~146 SPY was it? 146.80 Thanks Harapa! Those p-bars are like magic - one day the target seems so far away, then we're right about there before you know it. It's *almost* like the market is manipulated. But that woul...

Hey Mr. Miyagi-

How high did that big SPY p-bar go? the one from a couple days ago. ~146 SPY was it?

Petsamo wrote:I sold my CLF, bought many days ago, for a small gain. That's a signal for you guys to buy CLF

just bought some friday actually. looks like a pretty nice IHS bottom setup. stop at $36, we'll see how it goes. cheers

TradersF wrote:Good morning!

Does anyone else see this as a soon to be great shorting opportunity?

Good luck today.

unless of course we bust through that upper trend line by 9:50 this morning

Petsamo wrote:

EvilTrader wrote:If Romney wins then :

Bernanke = FIRED

QE-Infinity = NO MORE

Can Romney fire Ben?
Wouldn't Ben's term need to expire first? then Romney can appoint someone else

Petsamo I think you are correct - I believe Bernanke is safe through the end of his term.

Petsamo wrote:

KeiZai wrote:I think Obama just bought his next presidency

If Obama wins, I short the crap out of this market.

that didn't work very well last time.

Well, we've been reading every day, many times a day, for a couple of months now, about how the market is overbought. How is this time different. Nothing is dangerously overbought or oversold... Crazy! Expect more up from here :roll: SPX closed the highest above the upper bollinger band (121%) sinc...

MrMiyagi wrote:Nothing is dangerously overbought or oversold... Crazy!
Expect more up from here

SPX closed the highest above the upper bollinger band (121%) since this bull market started in 2009. it's actually the highest breach since the start of 2006. that seems pretty overbought to me