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close right here, yes, we might see a day or two rebound most likely. usually the rebound would fail but if the rebound is way strong, then it'll change my NORMAL view, so need see how rebound goes.Claire wrote:cobra - does this close mean there will be more up for a day or two? Thanks
For God to give you what you want, he has to screw someone else.BullBear52x wrote:I will kneel down tonight and make peace with God.
I remember another 2 times I saw bump and run and they both worked. As for target, hmm, you got me, I need consult the book. don't remember how to calculate the target.grachu wrote: cobra the only time I heard you talking at bump reversal was with apple . that did come through? how many times have you seen this happen? and what is the TINTED area if this is one ,? I don't know where to look for the target if this indeed a bump several. can you show ?
They are selling into this and it appears to be heavy.Cobra wrote:another volume surge, let's see. cannot believe the market has yet another reversal day...
CarlosDK wrote:Cobra what do you think is most likely tomorrow ?? up or down or is this just a backtest ?
as I said a moment ago, we close here, looks like the market want to rebound, so I'm bullish biased for tomorrow, but don't forget, for now, officially both short-term and intermediate-term are down.CarlosDK wrote:Cobra what do you think is most likely tomorrow ?? up or down or is this just a backtest ?
There's a nice gap at 139.35$ from less than a week ago as well.SWalsh wrote: I think we will close the gap at 136.99 SPY and then make new lows.