Cobra's Market View

uempel wrote:Back from an extended Easter Weekend I pull out this old chart (which I posted on February 11th). Looks like some kind of target has been met...

LTweeklyAF.png

Missed this the first time. Some innovating thinking here on the pitchforks. Nice chart.

Cobra wrote:still the story is ChiOsc.

Speaking of ChiOsc, look at the ChiOsc on the SLV 60-minute compared with readings over the last year. Absolutely off the charts!

Looking to make three short entries starting here at $48.24 with the final buy in the $48.64-$48.84 range.

Silver Setting up to BTFD. http://99ercharts.blogspot.com/2011/04/silver_18.html What's your take on Silver? A resistance at the upper trendline? Thought I would jump in with a pretty good play on SLV. Today was the 55 day cycle from the summer lows. It has been very dependable to date and also coi...

Be careful out there shorts. Any new low looks like it will be a positive divergence on many indicators 60-minutes and under.

5-minute and 1-minute cumulative tick extremely overextended.

Same with the 1-minute half-day/full-day cumulative tick:

We may have some form of test of yesterday's lows but don't get too exuberant on the downside. We are really, really extended to the downside on half-day/full-day 5-minute cumulative tick.

We are experiencing sector rotation right now, everyone please post what sector is the most bullish on your radars TIA, we are team here :P http://www.finviz.com/map.ashx You can click on the map to zoom in for more detail. Utilities and Financials the big winners Technology and Industrial Goods th...

If this holds any move up will be a marginal higher high with a roll over the next couple of days. Right now it looks like the objective of this push off the lows was a gap fill