Cobra's Market View

Well, I hope this forces the double bar reversal bear to cover, I'll then sell into the strength, yeah, my little evil plan again. :twisted: Hahah cobra, is this based on your tomorrow's weak seasonality before pres day? The true reason is I really don't want to bet against Uempel. He seems pretty ...

Cobra, What is the preferred image pixel size for upload, as it isn't stated in the upload info? Would make the charts to display better. I just used 1200x800 but it doesn't look good. any chart wider than 640, the web willl create a thumbnail, you click the thumbnail, you'll see the full image, so...

Yes, the trend is your friend... A failed double reversal should send bears running for cover...

Critical time, those double reversal bar bar scared?

jwishbone wrote:Haha, Cobra is fat today!!!!

Actually, I implied the trade today (yesterday, by the way, I did the same thing, the 30 min OR breakout, remember?) http://www.cobrasmarketview.com/viewtop ... rt=20#p360

Well, I hope this forces the double bar reversal bear to cover, I'll then sell into the strength, yeah, my little evil plan again.

If you read the chart this way, it's actually not that bearish, a B&B (base and breakout) trader may think this is a nice breakout setup...

OK, now let's see how the market retest the high. A failure may mean bear's best chance for the day. why?Three leg up right? 3 push up, first pullback (could be failed one) now could be back test the previous high. Anything like this, there's a chance for reversal, I'm fat for today, don't want to ...

I'm tightening my stop loss. Don't wanna bet against uempel...

OK, now let's see how the market retest the high. A failure may mean bear's best chance for the day.

Little support here, no idea what's the next...

2 bar reversal again, let's see if any real follow-through.

uempel wrote:I added shorts at 1340, the top of my short term Andrew's Fork:

http://stockcharts.com/h-sc/ui?s=$SPX&p ... &listNum=3

Go uemple, go, frankly, you made me nervous, I dare not ALWAYS bet against you!

See, told you. Now we should abort our little evil plan earlier as this is way too much 3rd push up.

This kind of narrow range consolidation is not bad for bulls.

Here's a little bigger wedge.

What is going on with the VIX? LOL!!! Just a common rule: before a real correction, the VIX may one day suddenly collapse (kind like everyone gives up). For now, VIX is simply too high. Cobra, could you tell a little more about this rule? how high is too high? No fixed number, just a rough idea. Yo...

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!