Cobra's Market View

G'morning Cobra! Buying opp this morning?

BullBear52x wrote:#1 main reason I am not so bullish is that we are now on the daily chart at the MA13 resistance, all indexes.

why is ma 13 significant?

well, I just hope the green line below could hold. we should all remember if this is an important bottom, today should be up and up and up disregarding anything indicators or news. but the fact is, we are not. I think it's pretty typical that we rest after such a huge day. It will be important Mond...

Mario TR wrote:ES... triple top?

or Ascending triangle?

We're very close to the trendline going back to March 2009... watch for a bounce here. If not, then look out below.

Does anyone know when the vote is?

[quote="cheech"]I may be rude but I am also not stupid. Please read this post that I made at the exact market top on 7/7. Please focus on the last sentence especially. Would you rather have rudeness that makes you money or politeness that causes you to lose? I'm done with this forum. Waste...

Simply incorrect and poor trading Cobra's trade: incorrect - yes...poor - No! Your trade: correct - yes!... But very poor. Don't put cobra down b/c he didnt make the right call, he's right more often then not and more importantly is never wrong for long and that is what really counts in this market.

cheech wrote:Only cheech correctly identified it, target SPY 129

Not a bear flag... Cobra explained it well...

cheech wrote:So sad for bulls. Just looks like a common bear flag which measures to 129 SPY or so. It shell be a disappointment to those again who thought they caught a bottom if true.

Cheech, you need more than one point to draw a trend line (your lower trend line)

Cobra - What's the target?

There she goes

sniffer wrote:congrate on Cobra great prediction - short term top.
Thanks Cobra on your wonder work.

Did I miss that?

Seems like we may have an inverted SHS on the hourly and the correction is over

cletus wrote:Breakdown in GOOG. Target $150. Bear market confirmed. But, it's so close to the trendline that you might need to give it a week.

$150? LOL

Cobra wrote:target reached plus resistance plus volume surge, this could be an exhaustion bar so should be a pullback of some kind here.

Nice call!!

Correction over? lol

ES seeing some selling in the AH session. Might finally see some weakness tomorrow morning. for once!

Gey guys... important level here I reckon.

This is what I was looking at yesterday, pretty clear break and retest. I see lower prices. but then again futures are coming back