Back to www.cobrasmarketview.com |
I just wonder if Da Boyz have this game plan.Cobra wrote:Smart Money still huge short.
Distribution turning up will be an alert even if accumulation exceeds.Cobra wrote:Institutional distribution close to historically low. Interestingly, not much institutional accumulation too. Courtesy of StockTiming.
It looks like the Large Traders have been the growing long on the other side of the Commercial Hedgers growing short since the June low. They are not exactly dumb money, but they are hot money that can head for the exits in a flash. The small traders have been consistently long and look smart but will probably be slow to head to the exit. The Commercial Hedgers will collect their rent in due course.Cobra wrote:Smart Money still huge short.
67Chevy wrote:Given that patterns repeat (or rhyme) is a fundamental tenet of TA, I went back to see if there was a similar past pattern.
First, a chart of the market now (multiple push-ups with zigzags, overlaps, then consolidation and upside breakout).
Next, a similar pattern from 2009/2010.
The subsequent market action was punctuated with volatile swings during the spring/summer of 2010. For example, the flash crash of May 2010...
DISCLAIMER: I'm not saying it will continue to follow this pattern or make any predictions/forecasts, etc. Just an observation at this point which seems interesting.
ANOTHER DISCLAIMER: I know I draw like a five year old so cut me some slack, ok?
Nice analog. Let's see if in the next week or so we get, like the analog, a little dip down test to the top of the rectangle before setting the rally top.