Cobra's Market View

Green Prince wrote:The SPY 15 min chart tells the story behind the bearish wedge and false breakout, orange indicator "if" in confirmation should be hitting new highs on this important time frame, instead it is leading negative to new lows.

http://3.bp.blogspot.com/-9-6GMN9_qo0/T ... 00/s+1.png

Is the orange line Brandt's 3C or your own equation?

Thanks

A good friend of mine told me that if all of this bad news and poor earnings couldn't break the market down nothing could. Always a good sign of buyer exhaustion.

FWIW, if the opening gap is filled it's retracing AH sessions, not just one.

I think that may make the action a little more bearish. We shall see.

two AH sessions

We see LOD today me thinks

Thanks Cobra and everyone GLTA

TA note: 128.33-128.51 is given tomorrow the latest.

57chevy wrote:FWIW, if the opening gap is filled it's retracing AH sessions, not just one.

I think that may make the action a little more bearish. We shall see.

Thanks and welcome aboard!

It's getting hot in here, so take off all your clothes...

57chevy wrote:two AH sessions

Were over do,60min have lots of divergence

SWalsh wrote:

Green Prince wrote:The SPY 15 min chart tells the story behind the bearish wedge and false breakout, orange indicator "if" in confirmation should be hitting new highs on this important time frame, instead it is leading negative to new lows.

http://3.bp.blogspot.com/-9-6GMN9_qo0/T ... 00/s+1.png

Is the orange line Brandt's 3C or your own equation?

Thanks

SWalsh .. Brandt's

AAPL failed retest, reversal bar. 3 gaps since the Dec move up. MSFT shooting star.

One last one for the road. I am sending this to TImmey and uncle Ben, really fast speed.

glad everyone is keeping up the good energy today.

been here lurking...and trying to recover from a pretty bad cold.

i've had pretty much only one chart up on my large screen for me to glance at throughout the day while i laid out on the couch...and that's the AUD/JPY.

currently sitting at the 38 fib, which corresponds with a small breakout consolidation zone. i would really be happier to see it fall back into the "box" whose upper bound is now corresponding with the pivot point at 79.45...

Take a look at EDZ, last several times it hit this level for past year, had a bounce to around $19....

so much for that flag... but still bouncing off the red trendline for now...

if anyone of you haven't seen this...it's pretty hilarious...lighten up the mood for us bears...

https://twitter.com/#!/gselevator

Can't believe it. Held spxu all day since early morning. Did nothing. Sold it 5 mins before it started UP. Ahh!

BullBear52x wrote:One last one for the road. I am sending this to TImmey and uncle Ben, really fast speed.

LOL!

Here come the hamstrings


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I am here: http://maps.google.com/maps?ll=18.002822,-92.953429

Cobra wrote:

57chevy wrote:FWIW, if the opening gap is filled it's retracing AH sessions, not just one.

I think that may make the action a little more bearish. We shall see.

Thanks and welcome aboard!

I assume today's bar is a sign of top as well?

Richarab wrote:Here come the hamstrings


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I am here: http://maps.google.com/maps?ll=18.002822,-92.953429

Villahermosa??? You sure get around.