Cobra's Market View

Bear Flag

Remember that MACD coil I had measured the breakdown of, well, the target has nearly been met. This demonstrates clearly how measured moves in MACD, including:

bull/bear wedges
bull/bear flags
triangles
etc

Can all be used and applied to MACD to measure moves.

BullBear52x wrote:

DaWay wrote:

BullBear52x wrote:Summer time.

BullBear52x, i was laughing very hard on the last untold 'joke', but can't get this one.
Care to explain?

Will dive fast to recent low really fast if 133.07 break, next target is 132.66

Thnaks, agree. Also agree with Cobra. Bull is hanging by a thread or a rope, i think, if it can't crawl back up above todays lows once broken, it's not good at all.

SPX
Update.
http://99ercharts.blogspot.com/2011/04/spx_8850.html

breakdown as I expected, but now it hits support. I still don't think this support will hold.

OK, now let's look at how the real support would do. I think we'll test there soon.

Ni Hao Cobra. I really enjoy this site and is the only stock forum i feel compelled to register for. Thanks for the daily charts and comments. I felt compelled to share mine that I drew out this morning and it looks like it's following the channel. Here's the 30-min chart which is what i primarily use for swing trades...

qtipped wrote:Ni Hao Cobra. I really enjoy this site and is the only stock forum i feel compelled to register for. Thanks for the daily charts and comments. I felt compelled to share mine that I drew out this morning and it looks like it's following the channel. Here's the 30-min chart which is what i primarily use for swing trades...

Thanks. Welcome aboard!

Circuit breaker seems to function properly so far

don't forget the oil. if you guys know Ben, you'd know what he'd say, it's just a temporary thing, don't worry, until perhaps the oil reach $200 per barrel, he'd pretty much say the same thing...

if it breaks through the current channel on my chart, next spot i see is 132.45 - 132.50

Support at the 10dma?

/ES and /ZB
Update.
http://99ercharts.blogspot.com/2011/04/es-zb_08.html

Do you guys see an end of day rally, the typical v-spike? The spot after 132.50 is slightly below 132, which is possible considering that we have 1 more hour to go.

covered Dow (shorted at open) + 100 points
covered ES from 1326 a week ago +4 points
covered Russell +8 points
flat in alla ccount

Cobra wrote:

qtipped wrote:Ni Hao Cobra. I really enjoy this site and is the only stock forum i feel compelled to register for. Thanks for the daily charts and comments. I felt compelled to share mine that I drew out this morning and it looks like it's following the channel. Here's the 30-min chart which is what i primarily use for swing trades...

Thanks. Welcome aboard!

Cobra, maybe you can ask each new people how they knew of this site

support, as I said.

Dow Trader wrote:covered Dow (shorted at open) + 100 points
covered ES from 1326 a week ago +4 points
covered Russell +8 points
flat in alla ccount

I thought I got a hole in the bottom of my screen.

The SP temporarily holding at yesterday's intraday low. The Russell 2000 is outperforming to the downside. Breath more negative than yesterday and should drop the McClellan Oscillator below the O line.

There most assurredly will be a bear flip today on all indices. (a close lower than 4 periods earlier)

The numerology is just too good today.

gap support.