Cobra's Market View

SPX: If only 3-wave up leg off Friday´s lod then the impulsive option could pan out with an ED

uempel wrote:

KeiZai wrote:

uempel wrote:

KeiZai wrote:Update:

Bulls: 30 extreme ticks and bears: 8 extreme ticks. 56% pos ticks. Net Advancing is 274. Range is 5.8. We are at 10.9% of Range.

KeiZai, "Range is 5.8. We are at 10.9% of Range" relates to ticks, right? Thanks.

The Range is the amount that the SPX has moved from high to low during the session.The percent of the Range is where the SPX is currently trading within that range.

Ahhh, now I get it, range is top down of SPX. Thanks a million.

You are welcome
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interesting intermediate term article : http://smartmoneytracker.blogspot.com/

you can see it as descending triangle if you like. so a little bit in favor of bears now.

Green Prince wrote:SPY intra day not looking so strong. Have a neg divergence with one of my indicators on both the 1min and 2 min.

http://1.bp.blogspot.com/-8lFBdKrpp3I/T ... /spy+1.png

http://3.bp.blogspot.com/-42mZo3CfGos/T ... /spy+2.png

Thanks and welcome aboard!

I will not abandon this ship ahead of you, I promise!

SPX: if 5 w off Friday´s lod then the overall count off Dec 19 lod could be corrective = w (III) of Ending Diagonal

TWT wrote:SPX: if 5 w off Friday´s lod then the overall count off Dec 19 lod could be corrective = w (III) of Ending Diagonal

All roads lead to 1307-1308.

XLF move also not strong.

2 min http://2.bp.blogspot.com/-PT8og9MUQdI/T ... 00/x+1.png

5 min http://3.bp.blogspot.com/-64Zh_RuHQdA/T ... 00/x+2.png

15 min [longer term trend] http://4.bp.blogspot.com/-_iVDXtXAIgE/T ... 00/x+4.png

Food For Thought

Steen Jakobsen, chief economist for Saxo Bank in Denmark, has some very interesting thoughts to share on the sovereign debt crisis in Europe. His six major points are:

More austerity cannot possibly work.
Voters have lost the faith and willingness needed to repair the current EU and Eurozone construct
Credit and debt cycle is busted. Irving Fisher's Debt-Deflation Model is in progress.
The end-game is near for Europe. Prepare for a meeting of the cardinals
Nicolas Sarkozy is falling apart and likely to lose to Marine Le Pen in the first round of French elections
The "Hope Trade" in equities is in Extreme Overvaluation. Be nimble and cash-rich now to be able to take advantage of deep discounts coming up later.


http://globaleconomicanalysis.blogspot. ... etary.html

Last update:
Bulls: 35 extreme ticks and bears: 8 extreme ticks. 67% pos ticks. Net Advancing is 289. Range is 5.8. We are at 29.7% of Range.

I don’t remember whether I mentioned this one before:
AMRN today vol. C/P = 6.8...but it has one more hurdleto cross, right there: MAT(78)…

This bear just sit and wait to cash out EOD

OK, both targets are met, but now we have a new target. let's see. I'm not sure.

Finally broke out of 129.75.Thats been holding support all day ..Now lets see. Yes and now it moving.

Strap on your skis my friend.

99er wrote:Food For Thought

Steen Jakobsen, chief economist for Saxo Bank in Denmark, has some very interesting thoughts to share on the sovereign debt crisis in Europe. His six major points are:

More austerity cannot possibly work.
Voters have lost the faith and willingness needed to repair the current EU and Eurozone construct
Credit and debt cycle is busted. Irving Fisher's Debt-Deflation Model is in progress.
The end-game is near for Europe. Prepare for a meeting of the cardinals
Nicolas Sarkozy is falling apart and likely to lose to Marine Le Pen in the first round of French elections
The "Hope Trade" in equities is in Extreme Overvaluation. Be nimble and cash-rich now to be able to take advantage of deep discounts coming up later.


http://globaleconomicanalysis.blogspot. ... etary.html

fib info.

SB73 wrote:Looks like a descending triangle...breakout up?

It behaved how it was supposed to. I honestly cannot imagine another black candle on the daily chart. If today's holds that would be 7 in the last 21 days.

could be bullish flagging.. or not...

Down, down, down please! Looking for SPY 126s before upper 130s, but not so sure..

SB73 wrote:

SB73 wrote:Looks like a descending triangle...breakout up?

It behaved how it was supposed to. I honestly cannot imagine another black candle on the daily chart. If today's holds that would be 7 in the last 21 days.

Also, just about to confirm the 5th divergence on the hourly MACD / RSI. I don't necessarily trade divergences, but they are saying something IMO.

BB52x

Thanks, dude. They're on.

AUDJPY http://www.99ercharts.com/archives/80

GLTA.