Cobra's Market View

Sell the rip point, bulls profit taking. (Money management side of thing) bears will sell here. let see what the reaction here, I am looking at 905ish.

Market quicksand.
Down - 4 % in two days.

Market taking no prisoners.
Just lost market friend to massive stroke.

Oversold market can become more oversold.
Not in hurry to get back in except PAAS.

Two and a half Undervalued Index PUTS for every call = DOWN

Heck wrote:Market quicksand.
Down - 4 % in two days.

Market taking no prisoners.
Just lost market friend to massive stroke.

Not in hurry to get back in except PAAS.

Condolences!

The good news or bad news always come after a good setup. waiting for good news to goose this up

brokebybernacke2 wrote:

Heck wrote:Market quicksand.
Down - 4 % in two days.

Market taking no prisoners.
Just lost market friend to massive stroke.

Not in hurry to get back in except PAAS.

Condolences!

Thank you

not sure if this was the higher low therefore the low was in, but at least bulls have some chances now which is better than no chances.

Here is daily TRIN, stolen from bb52x, and then INVERTED so that above 1=bull, and below 1=bear.
Note that on 9/17 TRIN went bear and hasn’t flipped back to bull YET

Re: that TRIN chart
If you expand the timeframe of that chart going back to all of 2018, this may be the longest CONTIGUOUS stretch (11 days) of bear TRINs that I can see, but please count for yourselves because my eyeballs are weak.

trump news conference
questions now

$TRIN Target 11.96

May not get there today

https://tinyurl.com/y2h9b7nw

Wow, bulls did it, can we do 61.8%

HAPPY HOUR

Now we are all eyes on TRIN. not bullish. the thing about TRIN we need to wait until the very last minute of the day to get the solid reading.

well, tomorrow is another day. as long as we trade outside BB I will counter trend to get back in the band. it's just day trading thing not bullish by any mean. Peace!

ES 2985 is a low volume node from the last time the market traded this range that FT 71 called out this morning. Seems to be an important level.

Still playing with Larry Williams Awesome Oscillator at bottom of the chart. That is a 34 MA less a 5 MA, both using mid point of the price bars.

Heck wrote:$TRIN Target 11.96
May not get there today
https://tinyurl.com/y2h9b7nw

W.O.W.
thanks for that boss

No ramp express today. Waiting to see what happens after the cash close.

well, guess that's it for today. here's what Thursday looks like: https://stockcharts.com/public/1684859/ ... /533449387

thank you guys, I'll see you in another thread soon.

before the close, please take a little time to vote for me, thanks: https://stockcharts.com/public/1684859/ ... /533449387