Cobra's Market View

Miyagi I believe it exactly touched your p-bar. Insert conspiracy theory here. No conspiracy here, this just confirms the reality of P-bars as a type of "sonar". (It finds where the bedrock of bids are). Think of what just happened as an "experiment". :twisted: :twisted: :twiste...

been a while since we've had this many negative divergences spx 60-min, daily RSI both -div. weekly very overbought spx 60-min, daily MACD both -div. negative diverge on the NYSE summation index outside the upper bollinger on 60-min and daily hard to stay too bullish here unless you're convinced yo...

been a while since we've had this many negative divergences spx 60-min, daily RSI both -div. weekly very overbought spx 60-min, daily MACD both -div. negative diverge on the NYSE summation index outside the upper bollinger on 60-min and daily hard to stay too bullish here unless you're convinced you...

kenttown wrote:Up every day of the week. This is so easy.

still 35 mins left of trading...

any speculation as to why soros is one of the exceptions? thanks More buddies in higher places. have you followed him? i have watched him for 20 years and that is not my experience. certainly i could be wrong--but it's not my sense. at least in the context of the larger banks on wall street and hed...

skittlesmds wrote:Anyone making bets on Chinese economy data for tomorrow?

actual data or reported data?

next stop is 1448 over the next few weeks. IMO. then continue the rally

TRAN index is up 17.5% in two months. something wrong with that

TRAN isn't usually so divergent from economic data

Cobra- re AAPL, no such thing as a triple bottom...?

quientuves wrote:

Al_Dente wrote:[from jan 10]

“DeMark Sees S&P 500 Falling 5.5% After Peak Near 1,500”
http://www.bloomberg.com/news/2013-01-1 ... 1-500.html

The question is: What's the meaning of "near 1,500"????

1492 to be exact (and change). that's DeMark's target

I'm not sure why the strong move today. Yes, China had a great trade report, but debt ceiling negotiations to come, along with unimpressive claims report today. I thought we'd just hover around, and not go so directional it's called algorithms. has nothing to do with economic reality. maybe they'll...

BananaStand wrote:What does anyone make of AAPL's pop up just now?

76.4% retrace of recent up, completed a decending wedge. just like the last move from 501-535-504

amazing how strong the markets can move when AAPl decides to go the same direction

AAPL “…is working on a lower-end iPhone… a big shift in corporate strategy as its supremacy in smartphones has slipped” “In the 2012 third quarter, Apple held only 14.6% of worldwide smartphone shipments, down from a peak of 23% in the fourth quarter of 2011 and the first quarter of 2012, according...

Cobra wrote:rebound indeed, which should be sold, NORMALLY.

this market hasn't felt normal in quite some time

Hey TraderGirl - 10yr treasury is reallying pretty strong here into today's auction. I wonder if we'll get some dip buyers in bonds at some point...?

TWT wrote:NDX: I expect a wave (C) down

hey Wave, good morning. how does your intermediate (2-3 month) SPX count look right now? thanks!

Gonna see another rally again...just a matter of time... haha really? show me the money. :lol: i could have mistaken your initial post, but i was attempting to agree with your view that longer term TLT still had another rally in it[/quote] Maybe we're married....isn't that what couples do?...fight ...

Gonna see another rally again...just a matter of time...[/quote] haha really? show me the money. :lol:[/quote] I don't think you should track bonds by charting the TLT. it just doesn't perform the same over a long timeframe. here's the 10yr tresury yield over the last 10 years. looks to me like noth...

Everyone thinks bonds are dead...well they are dead wrong... :D :D They are trying to fool the foolish!! Gonna see another rally again...just a matter of time... haha really? show me the money. :lol: I don't think you should track bonds by charting the TLT. it just doesn't perform the same over a l...