Cobra's Market View

UP Up Up Ole Ole Ole

Don't see that chant today.

Cobra wrote:bears need a L1 to confirm a small pullback or consolidation. generally, the rebound shouldn't be over.

Sorry for retarded question....what exactly is meant by L1?

(Reuters) - Greece on Monday became the country with the lowest credit rating in the world after Standard & Poor's downgraded it by three notches, saying the agency would consider a likely debt restructuring as a default.

BDI wrote:

Cobra wrote:bears need a L1 to confirm a small pullback or consolidation. generally, the rebound shouldn't be over.

Sorry for retarded question....what exactly is meant by L1?

go to "Getting Start".

pullback as i said, now bulls turn, a H1 is needed first then we'll see.

Cobra wrote:

BDI wrote:

Cobra wrote:bears need a L1 to confirm a small pullback or consolidation. generally, the rebound shouldn't be over.

Sorry for retarded question....what exactly is meant by L1?

go to "Getting Start".

ty

BullBear52x wrote: UP Up Up Ole Ole Ole

Don't see that chant today.

I think Cobra had some bullish frogs for lunch.

here begins the 2nd leg up, so far pretty strong.

Re: H1, L1...

Cobra, first thanks to your for your efforts here. I read the Brooks pdf about H1, L1 at 'Getting Start' but found it unclear.

Could you provide a basic rundown of how it works or direct us to another easier to comprehend source?

Thanks for all you help. Ole!

M

higher high will give sell the rally crew a perfect ONE LAST shot at the bulls. Neg.D on RSI 1 min. my fav signal.

BDI wrote:

Cobra wrote:bears need a L1 to confirm a small pullback or consolidation. generally, the rebound shouldn't be over.

Sorry for retarded question....what exactly is meant by L1?

Go to the top of this page and clic on Trading , you will see Get Start

ty

maybe a little late to post image here as it requires time to type and download. there's a chance the rebound could fail here, I cannot explain why, let's just say any time a revisit of the previous high, there's a chance.

ES
We've had our up...
http://99ercharts.blogspot.com/2011/06/es_3601.html
Now down.

Bears should watch this.

Masm wrote:Re: H1, L1...

Cobra, first thanks to your for your efforts here. I read the Brooks pdf about H1, L1 at 'Getting Start' but found it unclear.

Could you provide a basic rundown of how it works or direct us to another easier to comprehend source?

Thanks for all you help. Ole!

M

http://www.hutong9.net/data/attachment/ ... 61433f.png
http://www.hutong9.net/data/attachment/ ... 271292.png

L2, no comments here, let's see. I still cannot explain why I think the rebound may fail here. just a slightly little higher chances. another possibility is an Ascending Triangle is in the forming. all we have to wait and see.

Cobra wrote:L2, no comments here, let's see. I still cannot explain why I think the rebound may fail here. just a slightly little higher chances. another possibility is an Ascending Triangle is in the forming. all we have to wait and see.

may the force be with bears~~~ ma mi ma mi hong!

Cobra wrote:L2, no comments here, let's see. I still cannot explain why I think the rebound may fail here. just a slightly little higher chances. another possibility is an Ascending Triangle is in the forming. all we have to wait and see.

could be a mini bull flag plus double bottom forming?

12000 strong resistance.