Cobra's Market View

one two three four five six, just like six six six two years ago.

A red close today would be the longest slide since 1978 for the Dow. Worse than 2008 crash.

still ambiguous, another possibility is a Symmetrical Triangle for the last push down before a good rebound. which way it goes, we'll have to wait.

since i capitulated this morning, the market should now trade higher i can miss this snap back rally ( if it occurs ) since i want to preserve my gains for the year ( now at 25% ) ... might just take the rest of this month off. aug is always my worst month, not sure why i trade it.

if crude holds the 90 level i will swing buy for a move back to 95. break down below 90ish will short to 85ish. good luck today guys, i am off. thank for listening to me blather..

GDXJ forming a black bar.

seems to result in an upside breakout, tinted area as target.

For all you phantom bar belivers did you see the two bars yesterday up to128.80.If it happens I might start to belive..

i see possible ab=cd or 1-2-3 structure with 1254 as my target

Certainly looks like we're due for a strong rebound. Maybe even up to 200 MA?

KENA wrote:For all you phantom bar belivers did you see the two bars yesterday up to128.80.If it happens I might start to belive..

I belive in ghosts.

soku wrote:i see possible ab=cd or 1-2-3 structure with 1254 as my target

me out at 1254.75, to be safe. i guess it may shoot up a little more.
the chart seems like sex addiction and viagra combination to me

KENA wrote:For all you phantom bar belivers did you see the two bars yesterday up to128.80.If it happens I might start to belive..

I look for bad ticks, aka phantom bars, everyday. I didn't see any yesterday.

soku wrote:

soku wrote:i see possible ab=cd or 1-2-3 structure with 1254 as my target

me out at 1254.75, to be safe. i guess it may shoot up a little more.
the chart seems like sex addiction and viagra combination to me

Don't loose out on those wings..Wings can fly high..Hamberger is earth bound.Ha

Petsamo wrote:

KENA wrote:For all you phantom bar belivers did you see the two bars yesterday up to128.80.If it happens I might start to belive..

I look for bad ticks, aka phantom bars, everyday. I didn't see any yesterday.

On TD Ameritrade charts.

KENA wrote:For all you phantom bar belivers did you see the two bars yesterday up to128.80.If it happens I might start to belive..

I saw them and marked it on my chart. TD Ameritrade here also.

If we end at or near this candlestick construction for the day, look out tomorrow, bears (and I'm one!). This is positioning us for a nice little upside boost, I think:

Measured Move target reached, let's see whether it could reach the Triangle target.

I use TD Ameritrade to but I dont see them??? yesterday SPY??? phantoms?

Anaconda wrote:If we end at or near this candlestick construction for the day, look out tomorrow, bears (and I'm one!). This is positioning us for a nice little upside boost, I think:

MA 200 will be retested.

But I dont know if it will be a goodbye kiss.

Cobra DA: Is this still a sell?