Cobra's Market View

BullBear52x wrote:How about MAY day? summer time thingy...

Don't forget your T

still not good looking but I'll give bulls a little more time.

Updated chart on POSSIBLE Bullish Crab Pattern, per http://www.harmonictrader.com/price_patternscrab.htm

SWalsh wrote:

BullBear52x wrote:How about MAY day? summer time thingy...

Don't forget your T

yeap, that too.

ClarkW wrote:Updated chart on POSSIBLE Bullish Crab Pattern, per http://www.harmonictrader.com/price_patternscrab.htm

GLD and SLV are badly over sold, I posted GLD chart yesterday, here is SLV, see LOW Volume, a bounce will be limited, maybe it need to shake out more?

Cobra

You dont think this is a possible bearish backtest of necklines on daily chart DAX, SPX , COMPQ ? -- if it cant break 1370 ?

BullBear52x wrote:How about MAY day? summer time thingy...

bb “thingy” ROLFLOL
but the chart

Petsamo wrote:IWM wants to unload

It heard you..

MrMiyagi wrote:

Petsamo wrote:IWM wants to unload

It heard you..

Well, did you place bets ?

garygld wrote:So, if I am understanding you correctly, you are saying that the volatility of AAPL, for instance, is possibly/definitely a result of HFT?

I don't follow AAPL. I can only tell you that if there is an exploitable avenue for profits, whether it be stocks or commodities, HFT is involved. So I would think it is well within reason and logic to think that they are doing quite well with AAPL. With the entire stock market, the number of firms skimming pennies has dropped volatility. In mid 2008 a slow SPX day had a 10 point range. An average day was probably 18-25 points. That was a very easy mkt to trade, IMO. This mkt now ONLY moves during the day when machines see orders and rape them. Some don't like me stating that. But the fact is that it is crystal clear, although some still try to claim there are rules against Fed intervention that helps these so-called "banks". Well, there is the National Security Act that specifically allows for the continuity of government which allows corporations, if deemed to be "necessary", to hold problems off the balance sheet. James Grant had in his April 2009 issue of Grant's Interest Rate Observer, state that the net worth of GE was at least a negative $20 billion due to GE Capital. Hmm....Who is the "Jobs Czar" who just sent GEs X-Ray division to China? The "Green Jobs" that were shovel ready was shoveling greenbacks into the banks.

I've been doing a lot of research into this. I am very sorry to say that we have become something the Founding Fathers would say is a very ugly indeed when we think we send our young men and women to die for. Who profits? "The Lloyd" and Jamie Dimon and their ilk? Having been to a few military funerals, allowing what has taken place to happen sickens me when I think of the mothers I saw in tears at a casket of their child. I know some federal agents to and they are disgusted.

So yeah, it's "All manipulation all the time". I think Boesky died, but Michael Milken must be shaking his head over this. Even NYSE former president said to rip these parasites out. That interview didn't last 12 hours online, and a recent podcast discussing how without the HFTs now, as they are the market, the exchanges would collapse and so would the economy, was also removed from a WABC radio show.

Petsamo wrote:

MrMiyagi wrote:

Petsamo wrote:IWM wants to unload

It heard you..

Well, did you place bets ?

Not today.. but looking at TZA for long term even though I have a bunch.
I'm still thinking that the sheisters will make sure the markets rally for a few days before Facebook IPO, they're all in it together aren't they?

CarlosDK wrote:Cobra

You dont think this is a possible bearish backtest of necklines on daily chart DAX, SPX , COMPQ ? -- if it cant break 1370 ?

Anything is possible. Let's see how today closes first. Recall the short-term evil plan I mentioned last night, it's already 2 legged up but bulls didn't move much, so certainly not looking good.

Point of focus, looks like Houston got some problem.

aapl still holds and must hold! http://stockcharts.com/public/1684859/c ... /260183775;

I suppose we can bounce tomorrow morning like we did today, since we will be closer to Jupiter aspect, but it will probably be a sell....because we are also getting closer to venus retrograde....

Could be bearish wedge in IWM...???

BullBear52x wrote:Point of focus, looks like Houston got some problem.

BARON
Unconfirmed rumor:
One of the vixies was arrested at the airport with a bomb in her underwear…..

uempel wrote:

Cobra wrote:

CarlosDK wrote:Cobra - you think the bottom still in yesterday ?

Didn't the rebound today prove the low was in yesterday? Read my statement carefully, especially the 2nd conclusion line:

Ahh, Cobra, you don't like the P&Fs...

I see gasoline cans and matches are always nearby....I like it...

BullBear52x wrote:

ClarkW wrote:Updated chart on POSSIBLE Bullish Crab Pattern, per http://www.harmonictrader.com/price_patternscrab.htm

GLD and SLV are badly over sold, I posted GLD chart yesterday, here is SLV, see LOW Volume, a bounce will be limited, maybe it need to shake out more?

Great chart BullBear! Agree on possible need for more shakeout. Small positions in AGQ and NUGT for me at this time, flyers....

Up. up. up. Ole Ole.

Everything is undecided....can't figure out which way to go...usually bullish moves are pretty decisive...IMHO....