Cobra's Market View

dr659 wrote:

Cobra wrote:not a valid break down. this is just to let you know the consequences if indeed break down.

last time you did that it turned up

not last time. almost every time if I drew the target ahead of breakout, the breakout eventually would be on the opposite side!

IWM is reluctant to make a new low

All in XIV.
Just kidding...

Update, and check the signal due tomorrow 11.30 am

I am saying right now that Power Hour today will get SPX back to green
and then some.

This is based on nothing.

Cobra, looks like a H&S on the daily chart for APPL.. Can you please check? Thanks..

uempel wrote:Update, and check the signal due tomorrow 11.30 am

7.png

Are you talking up or dn

MrMiyagi wrote:I am saying right now that Power Hour today will get SPX back to green
and then some.

This is based on nothing.

TraderGirl wrote:This is where my trend line on SPX lands on TD Ameritrade...

TG,

I always appreciate your charts! I'm sure you see the H&S formation targeting 1303 on your chart.
Disclosure: I'm short $RUT.

Thanks

well, now I cannot say it's not a valid breakout anymore. I don't believe 100% target though.

Cobra wrote:well, now I cannot say it's not a valid breakout anymore. I don't believe 100% target though.

Theoretically, if it gets there then what would the next direction be based on?

acceleration down could increase... 1300ish?

spx 1374.75 is the line in the sand....must hold to get a rally next week....

P-Bar 158.58 = bulltrap Head bumping True Strength Index at 0.00 for an hour now. Course I am short, so probably just wishful thinking. That don't feed the bulldog.

Break below 1378 is bearish on the long term charts, let's see where today's close is. Ellipses on this 5 min suggest a big move at the close or tomorrow at the opening...

Excuse me, I meant 138.58 on freestockcharts at 1:39 pm.

TraderGirl wrote:spx 1374.75 is the line in the sand....must hold to get a rally next week....

I've got breaks on the daily and monthly, let's see where SPX closes.

a bigger channel?

KENA wrote:Your friend Obama ( not mine ) says drilling more oil wells won't help more supply or cheaper prices,all those who belive this just look the price of nat.gas falling from $ 5.00/6.00 +/- to now about $ 2.00+/- and lots of supply.We are being had.IMHO

Of course we are being had. It is a sad fact that more than ever "I'm with the government, I'm here to help" is close to a death threat.

A direct blood relative of mine, not far removed, was very high is his law enforcement position. In 1990 he told me from what he saw in his life in dealing with a name everyone on this board knows, if you were to trust this government you were nuts. He was sad that he saw good men die in Italy and France in WW II for what we had become as you used to think the government was working for America. Now, they serve masters that put them there.

P.S. You don't need that "H" in IMHO