Cobra's Market View

“Pay no attention to that man behind the curtain.” [The great and powerful Oz]


nyadv = 1400
nydec = 1400

ClarkW wrote:A couple people have stated QE3 begins on Wed. Does anybody have a source for that?

Thanks

here.... http://www.newyorkfed.org/markets/ambs/ ... edule.html

Well, the signal on the 30 min doesn't work, let's see if the Fib cycle on the daily works

WJA.to

Al_Dente wrote:“Pay no attention to that man behind the curtain.” [The great and powerful Oz]


nyadv = 1400
nydec = 1400

1400 Chart by Schaeffersresearch

pullback indeed. I'm neutral again. the guess is more down because I covered my short with no profit, usually the market would make me regret.

If intraweek chart is correct...small bounce either end of day today or morning, then tuesday looks mostly down into the end of day...very muted moves...so not very big either way...

Looks like bounce late tomorrow or overnight on 14th, but market doesn't like whatever happens on Weds mid-day, because looks like it's down into 15th for a possible low...if this chart is correct...

Anybody have any thoughts on GDX? I'm long DUST, contemplating buying some NUGT to play a possible gap up tomorrow.

XIV bull until it falls below 34dma and stochastics turn down on 5 minute....

ClarkW wrote:Anybody have any thoughts on GDX? I'm long DUST, contemplating buying some NUGT to play a possible gap up tomorrow.

I think that GDX has a bit more downside, 48.50$ to 49$. Overall PMs and miners are a buy.

When is a flag no longer a flag, but a channel? Bulkowski says flags are short and no longer than 3 weeks long http://thepatternsite.com/flags.html. Agree?

I ask because I've been bearish on GDX for a couple months but I've seen many people on the intrawebs say GDX has been in a bull flag. But that "flag" has been going on for two months now. Waiting for them to call it a channel

Al or anyone,

Do BP's (bullish perc.) update intraday?

ClarkW wrote:Al or anyone,

Do BP's (bullish perc.) update intraday?

I believe they are all end-of-day, usually 30-45 minutes after close.

MrMiyagi wrote:

ClarkW wrote:Al or anyone,

Do BP's (bullish perc.) update intraday?

I believe they are all end-of-day, usually 30-45 minutes after close.

Thanks Mr. M. And thanks for your response on GDX. Much appreciated

guys, before the close, please take a little time to vote for me, thanks. http://stockcharts.com/public/1684859/tenpp

ClarkW wrote: Thanks Mr. M. And thanks for your response on GDX. Much appreciated

I think that DUST top is around 29$, I'd say get out 75% around 28.50$ and ride the rest to either 29$+ or 28$.

Just my two discontinued cents..

Here's a chart from a friend of mine.

MrMiyagi wrote:

ClarkW wrote:Anybody have any thoughts on GDX? I'm long DUST, contemplating buying some NUGT to play a possible gap up tomorrow.

I think that GDX has a bit more downside, 48.50$ to 49$. Overall PMs and miners are a buy.

I'll guess we gap down tomorrow

well, guess that's it for today. Need dig a little before calling tomorrow. Thank you guys, I'll see you tomorrow.

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