Cobra's Market View

double bottom formation off early afternoon breakout watching

sounds pretty intriguing kind of like climbing to that 1280 level ahead in next day or 2, then bear trap pullback from euro or someplace scare, then someone with big pox steps in to saves world next week with rocket to moon. that my plan. maybe sell europe meeting friday, Fed to rescue with big hin...

kind of like climbing to that 1280 level ahead in next day or 2, then bear trap pullback from euro or someplace scare, then someone with big pox steps in to saves world next week with rocket to moon. that my plan.

miyagi
yep agree, think 200 ma sp next target, low in. jmho

dollar dxy down almost .50 on day and holding, and still below yest close, more up soon.

http://www.marketwatch.com/investing/index/dxy

carlos
buy all dips!

consolidation good for bulls here, yes?

for sure, profit taking soon come, as we got already ihs target and 61.8 retrace hit, but this up strong,US dollar watch weakening, no gap fill soon imho, buy /rebuy next good dip for bull train, that my plan

jarbo
yes, i think low 1300s on horizon, this very strong, dont fight multiple Bens.....

inverse head shoulders target round 1238ish? buy dips back on from there i thinks...

scratch that woops....

dont buy pop yet, dollar aint buying it

that 78 dollar line seems to be magic, no bull until she falls below....

First vote
Bullish it is.
Someone will find a printing press for Europe and us benefits from being least worse of worst. Bull for few months. Will then revalu as market just changes so quick these days

Cobra
First time post from lurker and HUGE thank you to you and this board, a gift to neophytes like myself.
Question regarding your bigger measured move posted yesterday, (100% 121.5 or so spy). Typically how long is predicted move valid - does time play any role in negating? thank you.