Cobra's Market View

Oy, sorry bears, my chart says next dip is a buy and that the bottom of the day is here. early day for me. I can do one more buy trip will see. good luck all.

BullBear52x wrote:

Mr. Bachnut, is this good looking enough?[/quote]

I confess I was kind of hoping today would be a good day (not too good) to build up more overbought supply for a decline.
Kind of looks like the corrective action may have started though. Let's see how things close.

It may be wishful thinking, but I would like to see an orderly cooling off that allows the NYMO to touch 0 but not get very negative.
That would be a good place from which to embark upon a Santa rally.
Mr. Market regularly disregards my wishes however...

SPY....Sideways to touch trend line??

FAZ...attempted to break support this morning...

Hello guys,
You Think that we start the red arrows of down trend of cobra short term plan to lower Low?
Thanks

[deleted]

failed to fulfill mini rebound target, not good. now testing the previous low, let's see if bulls can hold. wait.

Al_Dente wrote:HARAPA
please re-send it with chart
thx

Check your PM.

I thought about going into GDX. Thank goodness I didn't. I dunno what its problem is.

Ding ding ding, I an not feeling good with this buy but heck, trade what I see Oyeah.

Harapa wrote:

Al_Dente wrote:HARAPA
please re-send it with chart
thx

Check your PM.

got it

Mr. BachNut wrote:

BullBear52x wrote:

Mr. Bachnut, is this good looking enough?

I confess I was kind of hoping today would be a good day (not too good) to build up more overbought supply for a decline.
Kind of looks like the corrective action may have started though. Let's see how things close.

It may be wishful thinking, but I would like to see an orderly cooling off that allows the NYMO to touch 0 but not get very negative.
That would be a good place from which to embark upon a Santa rally.
Mr. Market regularly disregards my wishes however... [/quote]
next swing buy will have to be really careful that's all I get to tell myself.

Petsamo wrote:I thought about going into GDX. Thank goodness I didn't. I dunno what its problem is.

I think that miners are moving with the market somewhat.
They sure as hell aren't moving with metals prices!

MrMiyagi wrote:

Petsamo wrote:I thought about going into GDX. Thank goodness I didn't. I dunno what its problem is.

I think that miners are moving with the market somewhat.
They sure as hell aren't moving with metals prices!

They trying to take my gold chains!!!!! This happens every so often.

Claudio.dicorato wrote:Hello guys,
You Think that we start the red arrows of down trend of cobra short term plan to lower Low?
Thanks

Charts suggest we get a pullback, but we may hold up until the 6th...this price action and my charts suggest we will not see a lower low on the next pullback...

TWT wrote:SPX: DZZ off November 16 is done. But absence of impulsive sell off, hence this pullback eventually will be bought

Is it possible for that "B" wave to develop into a sideways triangle or wedge-?

TraderGirl wrote:FAZ...attempted to break support this morning...

my evil swing on FAS is still on since Friday.

I got a bad tick on bulls, next rip is a sell, but I am done today

Announcement! Swing positions are now in sell mode from my corner...Grrrrr........

MrMiyagi wrote:

Petsamo wrote:I thought about going into GDX. Thank goodness I didn't. I dunno what its problem is.

I think that miners are moving with the market somewhat.
They sure as hell aren't moving with metals prices!

The miners (XME) are beat up relative to IWM
GDX is getting beat up relative to XME, but it's still strong

Maybe the next support is 1405