Cobra's Market View

DJ30 breaking out!

uempel wrote:Cobra, some guys want the market to go up...

That was me.

If VIX closes here it would be the largest (red) bar of the last 12 months.

There is a divergence between VIX and SPX in terms of the bar sizes.

Look no further than the financials today.

Cobra wrote:let's see how this rising wedge goes.

Hopefully, back to the channel.

The daily horizontal resistance is very strong. But, like consolidating around a support is often bearish, waiting for break down, consolidating around the resistance should be bullish, waiting for break out to the up side. What is the upside target of SPY on daily chart if breaking out indeed, arou...

Range Bar Charts - above 20MA band, no short yet. Watching for whether the a-b-c adjustment is done or not.

99er wrote:Dashboards?

http://multimonitor.net/wp-content/uplo ... trader.jpg

Did someone say "dashboards"?

I have seen that picture before, from a Vancouver guy by the name of Jack Chen. Do you also know Jack, 99er?

This is a sub-breakout - we are still in the first leg and perhaps in the final push. A-B-C adjust is due soon.

RangeBar Charts:

With this kind of momentum, "it won't be one legged".

Tick charts:

Had good DT long since yesterday, reversed to short from 11:00am, and now flat. Will not hold DT positions over the weekend, unless something drastically happened.

I'm seeing a divergence between SPX and SPY on thinkorswim. What a hack! Is anyone else seeing it?

Bullish triangle?

Cobra wrote:that's nice, we gap up almost everyday then spent the day doing nothing. I don't think this kind of behavior is bullish.

NYSE could soon be renamed to EUSE.

Seawaves wrote:

ddd wrote:Second chance to close DT longs at closing.

why? the market has built up the potential to go much higher in weeks.
buying dip is the way to go now.

True. My ST is aiming for Dec 30.

Second chance to close DT longs at closing.

Volume isn't bad...need more for a possible bottom.