Cobra's Market View

simpletrader wrote:

Cobra wrote:I think it's time to say bye bye to this Rising Wedge.

why say bye bye?

Need a new wedge at least.

Traderwill33 wrote:Cobra-

14 straight white candles on the SPY...... Any thoughts on that? Exhaustion must be close?

You mean daily? Then, not it's not 14.

Nice little Wedge still in play, but even I really believe this is a top (which I don't), I wouldn't short the first pullback. Stock market doesn't reward hero, remember that!

Dow Trader wrote:Copra,
check the daily MACD in VIX if it closed above 16.80 which will puch the hitogram to above zero

Seems not much edge when MACD hist above zero?

I think it's time to say bye bye to this Rising Wedge.

cobra, in your opinion what price would be good to short, based on 3rd push up reversal, of course if its to play out? thanx No idea, because now we're at new high, nothing can be a reference. Just a reminder, an experienced trader won't think of shorting at this stage, instead he'd try his best to...

A little nice wedge here, by the way.

The key to trading reversal here is the last push must be much shorter than that of the 2nd push. Normally, it's not a good idea to against the trend but since you guys here, if my guess is right, are mostly bears...

Nice 2 bar reversal, congratulations for those H3 strong hand, I'm simply too old for that. But my little evil plan looks more likely now. 3 push up, yes, give me the final push, please!

Weekly RSI > 70 Hmm, I like this chart, simple and powerful. But still it takes time and we don't know when. A couple of month like this going up day by day, my blog would be dead. :twisted: From my cycle analysis, I see multiple cycle due in Apirl which means, really we could up until Apirl. The l...

Just for fun, if you really think this is a top of some kind. Here's my little evil plan for DT, 3 push up top (typical), short at 2nd leg down.

anyone still holding H3 long? Looks not strong enough? I'm shaking...

[quote="koolblue"][/quote]

Hmm, seems, displaying link is not that good as on my small monitor, the image is cut.

ddd wrote:Take a look at the $rut.

Pretty strong!

Dow Trader wrote:Check the daily MACD in VIX if it closed above 16.80 today, it will close above the zero line

Hi, welcome, but it's a wrong thread, nobody is here. Try 02/17 thread...

Anyone thinking about H3 long here? Just curious...

shumushu wrote:breadth are strong, aapl and the nasdaq is not making new highs today. Very strange.

When did you get in on your long cobra? At the morning gap down?

Just to follow signal, nothing special.

Some support here.

EvilTrader wrote:I don´t know, but failing to convincingly take the highs should be bearish.

A strong push up like this would be at least 3 legs, now we're on the 2nd leg.

A little consolidation is welcome here. Rember the market simply won't crash if VIX keeps going high while the market is up.