Cobra's Market View

Second try to break 1320. Wait and see.

FYI.....If we cannot hold the 1325/1327 area and break below the 1320 level we could see a down move to 1303/1305.Yesterdays up move was not confirmed by mkt internals. This presents a problem. The current up move to 1325 may turn down. Watch that 1320 area.

FYI...IF we cannot hold the 1325/1327 area and break below 1320 we could see a drop to the 1303/1305. Yesterdays bounce up was not confirmed by the mkt internals. This presents a problem. Watch this up move to 1325 it may fail.

Broke thru 1324 the 61.8% Fib. level.. Now at 1328 if we hold could break 1330. But watch 1333.. Need to break above or we could go down

New Week.... Stocktiming.com says Vix to move down...Liquidity is up...Institutions in low accumulation...Spy in caution condition. I took a small long position on Fri. close. Lets see.

FYI...EEM is below 44.50.Having seen a bearish triangle on the Point and Figure charts. EEM could be in a longer term down trend.This could have a negitave effect on our mkt. Wait and see.

Hi Cobra... I have been on your site for a few days now. I injoy the web site. Thanks for doing all of the work

lower low...1275 next then 1217. I still don't trust the mkt for a short. I may waite and see if we break 1275

Good Morining.. Another day. Stocktiming.com has an alert on today. Spy and Russell in caution condition and Nas-100 in danger area. Mkt still in up trend but under duress..Liquidity still hi.

1312 is coming if breaks down then like I said ...Maby lower low.

We are getting closer. If we break 1312 we will at a lower low and could see more down trend

It broke out but I think we will come down now for bit.

NO... Still looking at it.. Got burned last week

Ok we are now in some heavy res. in the1340/42 area. Remember the saying Short res. go long on support. Anyone for it today. I was going to go short on yesterdays clo. but did not.

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

I am out long. could go to 1340/1342.Lots of res. at that point.Gains not worth the risk .May short near close. Kena

Sometimes I think we really don't have to much say in what happens. The High Freq. Traders control what direction thay want the Mkt. to go.