Cobra's Market View

I missed the big move this AM. Bored watching this sidways move. Over and out. GLTA!

If anyone wants to go long on something, SID is extremely oversold. It has a big bounce today.
WLT is slammed today for some reason, but KOL is fine.

I guess we have to reinstate some cancelled stuff..

MrMiyagi wrote:I guess we have to reinstate some cancelled stuff..

With this market anything is possible:

Maybe whipsaw move up followed by whipsaw move DOWN.

or vice versa??


Excuse me while I turn my head around 720 degrees ....

For the bears you don't want to see this top broken..Lots of res.at this point.Lets see if we get a reversal of some kind.

MrMiyagi wrote:I guess we have to reinstate some cancelled stuff..

You should open a group, as a P bar consultant. Your calls've been more accurate than any other blogs that I have seen. BTW, it does NOT show on my screen at all.

breakout and consolidates about breakout point, so not bad. tinted area is the triangle text book target.

Volume “top finder” chart (see the bottom panel) indicates some kind of a very-short-term top today.
But this is one of those indicators that – the minute u get comfortable and rely on its reading – can smack u hard upside the head...
All it needs is follow-through buying on Monday to instantly invalidate this top signal (especially if weekend EUzone news is bullish !!)

[so… BIG grain-of-salt]

Tabby wrote:You should open a group, as a P bar consultant. Your calls've been more accurate than any other blogs that I have seen. BTW, it does NOT show on my screen at all.

Aww shucks.. I don't know what to say...

Thanks but I could never pull off what Cobra is doing here; analysis based results. The bars are pretty neat but I'm not sure how long they will last; take it for as long as we can!

Al_Dente wrote:Volume “top finder” chart (see the bottom panel) indicates some kind of a very-short-term top today.
But this is one of those indicators that – the minute u get comfortable and rely on its reading – can smack u hard upside the head...
All it needs is follow-through buying on Monday to instantly invalidate this top signal (especially if weekend EUzone news is bullish !!)

[so… BIG grain-of-salt]

629topfinder.png

Thanks for sharing Al. That's a keeper!

MrMiyagi wrote:

Tabby wrote:You should open a group, as a P bar consultant. Your calls've been more accurate than any other blogs that I have seen. BTW, it does NOT show on my screen at all.

Aww shucks.. I don't know what to say...
Thanks but I could never pull off what Cobra is doing here; analysis based results. The bars are pretty neat but I'm not sure how long they will last; take it for as long as we can!

+1 from another fan of the “ninja-p-bar”

what's the over/under on the amount of days it'll take for this gap to get filled?

hope everybody is doing fine. balotelli saved my day. i want to see him score sunday!
i see a topping pattern on 30m & 60m. i am not going to hold trading position over weekend. charts later

Al_Dente wrote:Volume “top finder” chart (see the bottom panel) indicates some kind of a very-short-term top today.
But this is one of those indicators that – the minute u get comfortable and rely on its reading – can smack u hard upside the head...
All it needs is follow-through buying on Monday to instantly invalidate this top signal (especially if weekend EUzone news is bullish !!)

[so… BIG grain-of-salt]

629topfinder.png

Nice chart Al!

snakehead wrote:

MrMiyagi wrote:I guess we have to reinstate some cancelled stuff..

With this market anything is possible:
Maybe whipsaw move up followed by whipsaw move DOWN.
or vice versa??
Excuse me while I turn my head around 720 degrees ....

"SOMETHING WONDERFUL IS GOING TO HAPPEN"...uh, but not for America.

I have learned that you just do not always get clean waves like you used to prior to High Fascism Trading. So I am not ruling this out as to where we really are. Just put it in the back of the pod with HAL2012 and remember it if need be:

Tabby wrote:

MrMiyagi wrote:I guess we have to reinstate some cancelled stuff..

You should open a group, as a P bar consultant. Your calls've been more accurate than any other blogs that I have seen. BTW, it does NOT show on my screen at all.

Yahoo finance says: Day's Range: 132.88 - 139.44
(So they must have been actually trades [before being 'DK' -ed ??]).

http://finance.yahoo.com/q?s=spy&ql=1

MrMiyagi wrote:

Tabby wrote:You should open a group, as a P bar consultant. Your calls've been more accurate than any other blogs that I have seen. BTW, it does NOT show on my screen at all.

Aww shucks.. I don't know what to say...

Thanks but I could never pull off what Cobra is doing here; analysis based results. The bars are pretty neat but I'm not sure how long they will last; take it for as long as we can!

Cobra is the number one, I am learning alot from him, but you 're also having pretty good record too. Your IWM Pbar. wow,wow......

snakehead wrote:

Tabby wrote:

MrMiyagi wrote:I guess we have to reinstate some cancelled stuff..

You should open a group, as a P bar consultant. Your calls've been more accurate than any other blogs that I have seen. BTW, it does NOT show on my screen at all.

Yahoo finance says: Day's Range: 132.88 - 139.44
(So they must have been actually trades [before being 'DK' -ed ??]).

http://finance.yahoo.com/q?s=spy&ql=1

I am looking at it final destination 139 to sell ,it is red and rebuy 1328 again green, but it might in few days or week till option expiry. We had one of this in Fas before in October. TA is the most important thing than anything else.
Minor 3 of major 1 in EW is arounf 1380ish-1400.

another touch of EMA20, let's see.

If a stock chart gaps up huge (like today) and finishes the day by making a doji, is that really bearish?

(e.g. look at OIH).