Back to www.cobrasmarketview.com |
charts! i love your charts 99er. lol99er wrote:Paging Tabby...
An AB=CD correction on SPX just completed at the upper boundary of a Bear Flag, completing what an Elliottician (I'm not) might call the top of Wave 4. Now for surfing fans...Wave 5 down. Good luck.
10-4
pullback.Ed02 wrote:Cobra, what is the typical behavior after "an exhaustion bar"? Going down? Thanks.
IMHO, with yesterday's ugly closing, bulls can sit tight and ride longer today.Cobra wrote:pullback.Ed02 wrote:Cobra, what is the typical behavior after "an exhaustion bar"? Going down? Thanks.
I think its important to understand, too, there is no point in pointing out the sun is going to rise just as the dawn breaks. The point in successful and profitable trading is to position oneself prior to an event, or price movement. If one is changing their minds, and hence their position, I think they are looking behind and not in front.Ninja Trader wrote:I think for a lot of the "newbies" here asking Cobra several times in the last week if he is contradicting himself
I think it's important to understand the concept of varying degrees of trend
I think it's also important for a newbie to observe that a pro trader changes their mind quickly if the market demands it.
As for EWI, Glenn Neely has destroyed their performance a decade running yet I never see anyone mention his calls. timers digest has him rated top timer on the 3 month, 6 month and 12 month for stocks, he's also cracked the top 5 bond timers, which is quite impressive.
Anyway, he's also looking for a short, just higher than where EWI is talking from, and he has a totally different count that the forced motive waves EWI has painted for 15 years now.....
NYMO only updates EOD, so no point to post here. Besides, you can always find all the charts I'm talking in my public chart book.WhyNot wrote:Hello cobra.
Can you post Spx/Nymo?
Thank you.
I really have a doubt about bulls today, just I don't fight the trend.keesa wrote:IMHO, with yesterday's ugly closing, bulls can sit tight and ride longer today.Cobra wrote:pullback.Ed02 wrote:Cobra, what is the typical behavior after "an exhaustion bar"? Going down? Thanks.