Cobra's Market View

I actually got a buy signal this morning. Unfortunately, as has happened so many times this year, the buy signal occurred during my commute to work so I missed it (again).

If only I quit my job and sat at my computer at home full time, I could afford to not work!

So, you know, happy thanksgiving everybody! What would thanksgiving be like without Del Griffith???

One commentator I read says everything is primed for an immediate drop and short a breakdown. He has a counting system and a lot of charts have hit the number where a drop occurs as of friday. Another commentator I read says everything is really toppy. I think I might short a breakdown myself. Well...

One commentator I read says everything is primed for an immediate drop and short a breakdown. He has a counting system and a lot of charts have hit the number where a drop occurs as of friday. Another commentator I read says everything is really toppy. I think I might short a breakdown myself.

At work, I was given sole responsibility of the most difficult account we have, so its almost impossible to post now! Oh well...

Crap I was about to short on my own signal the bottom fell out before I could order.

One of the people I follow made a rare market top call as of the open today. I'm not shorting but its interesting to watch. Just leaving this note here.

I have to look again but the original target of the correction was 204 I think. No time at the moment to look.

Daily SPY:

The correction that began 9/9/16 has turned into the "more rare" ABCDE variety, also known as 3 push down in cobraspeak.

Daily SPY: In the past year, we went a whopping 72ish days without hitting the upper bollinger band, the 2nd longest streak ever. Only longer streak was during the 2008 crash. We immediately followed that up by going around 55 days without hitting the lower bollinger band in what was a major bull ra...

Daily SPY:

Another bullish MACD cross, and this one FAILS again! It is ignored according to the rules of my system.

Just closed my long for the day.

Stock market has gone nowhere for months. So when we gapped down on the open, everyone went long ASAP, correct?

I have a friend who is brilliant but not even he can jump in and read this stuff. He doesn't understand bull, bear, hawkish, dovish, risk on, risk off. Investing is slowly turning into another language. :lol: Hm. Maybe he isn't brilliant. Maybe he isn't motivated to try. Maybe he understands but do...

I have a friend who is brilliant but not even he can jump in and read this stuff. He doesn't understand bull, bear, hawkish, dovish, risk on, risk off. Investing is slowly turning into another language.

Looks like spy may have a huge volume day which often (but not always) marks a low.

Daily SPY

Wave C down continues. We reached a minimum target imo two days ago but we can still drop

Daily SPY:

If I wasn't clear yesterday, the ABC correction was close enough to have been fulfilled yesterday. We can take off higher any time now.

Wave C minimum target is a double bottom which arguably happened today. But volume isn't there so probably going lower.

Boy it feels like wave c down is gonna get rolling here. But I've felt that several times these last several trading days.