Cobra's Market View

Mr. BachNut wrote:A little off topic. Sorry.

Whenever I am away for awhile, I get logged out. I have checked the little box when I log in, but it doesn't help.

Is anyone aware of a way to stay logged in for the day?

I don't have such a problem. maybe it's your settings?

Cobra wrote:volume surge see a rebound here could be, but overall I think the target is very possible.

Interesting your comments, the wizard is also looking for 1300 by weeks end.
From being a bear on friday his turning around ?

Bond yields in Italy and now Spain are moving up again today. Spain in particular is looking bad, now only .24% from all time highs on thier yield.

Also, the Nikkie broke a major support level last week, and has not recaptured it as of last night.

Bulls and bears should cooperate: ES go to 1240 first, then come back to 1270, and close at 1257 (I wish)

BullBear52x wrote:

rhight wrote:To put a little perspective on things. I added some notes this morning to be mindful of. No predictions, but the political tool known as the "free" market (for congressmen and women) is floating at even on the year. Is there an index for inside trades by our elected representatives? (Referring to 60 Minutes article last night)

Rhight, like your chart, watch RSI 5 (daily) cross back below 50 then this turn will be a real deal for bears until my uncle awake

Thanks BullBear52x, I enjoy seeing your perspective also. This is the thing about TA, there is more than one way to skin a cat (sorry vegans). There are so many indicators, and settings for those indicators, as you know, that one just has to settle on a few that they can learn to "read" in a reliable way. And just to be confusing, I don't actually use RSI(2) Daily, but it's on my Daily chart because I like to monitor the current "Trading Markets" set-up as another point of reference, since it's statistically based. My goal is to be a consistent swing trader with an eye to catching the really big intermediate trends, rather than day trade. Therefore many days I'm not on this bb because the shorter term perspective can have a negative influence on my judgment in trying to establish relatively longer term positions. I'm naturally a bear (and that is not a good thing) and it has taken me awhile to fully appreciate the bullish bias in the market. For that reason, I've been more willing to take risk on the short side, than on the long. That of course has to change if I'm going to be more consistently successful. I've spent lots of time studying both tops and bottoms (trends are those things that happen in between ). In my experience, bottoms don't give many false signals, but continuation zones can do an awfully good job of masquerading as tops! And that is where we are today. Is this a continuation zone, or a top? It should be no surprise, given my bias, that I'm short in the intermediate term, and am looking for some sort of tradable bottom towards the end of this month, based on my timing models. Of course, if all the Fed-speak this week implies QE to come, we have to recognize that "talking the market up" works, (or it wouldn't be used), and I may be forced to cover my shorts even though many fundamentals are pointing towards economic weakness, especially next year.

Mr. BachNut wrote:A little off topic. Sorry.

Whenever I am away for awhile, I get logged out. I have checked the little box when I log in, but it doesn't help.

Is anyone aware of a way to stay logged in for the day?

are you using the IE? maybe you accidently click the compatibility view icon next to the refresh icon. click again it should be fine.

We still have a lot of dippers obaying the cheerleaders.Let see what happens.

Dont think I am donating but my work is showing higher prices not lower 1246.
The intersting thing is I have 2 masters behind the move also.
The Cobra and the wizard....

Just my five cents worth

100% Measured Move target reached. I need see a few more bars before making my next call.

volume surge, so could be a rebound here. this rebound shall be larger than 12:00pm rebound. Let's see.

Internals
All confirm bear except volume (per cobra)
http://stockcharts.com/h-sc/ui?s=SPY&p= ... =247748592

normally, the rebound shall fail, we'd see another leg down.

Cobra wrote:normally, the rebound shall fail, we'd see another leg down.

Yes, Cobra!
Great market insight today!

From my Friday post; which gap gets filled first?
Looks like the lower one, I thought it was going to go the other way but someone somewhere poited out that stocks tend to go the opposite way after a bond non-trading day.

cobra, in your report last friday, you said it's almost guaranteed we will see higher high today, do you still believe so, or the overnight push in /ES did that?

Silver, another chart, just for fun:

AAPL 377, discussed during the weekend for the “AAPL Squares” chart, has now appeared on the short term radar screen!

Update

BKX http://99ercharts.blogspot.com/2011/11/bkx_14.html

MrMiyagi wrote:From my Friday post; which gap gets filled first?
Looks like the lower one, I thought it was going to go the other way but someone somewhere poited out that stocks tend to go the opposite way after a bond non-trading day.

Sold TZA/EDZ from FRI for a 2.3% and 4.3% gain. Will be looking to buy TNA or EDC if/when any one is down more than 6.5% for the day to benefit for the gap fill on the other side. Actually this is not a reason for me to trade this way.

99er wrote:Honey? What's for lunch?
SPX http://99ercharts.blogspot.com/2011/11/spx_7938.html

Got something red and juicy?

99er, I love your posts!

I'm a wolfe Wave guy, so I must ask if you see a potential target line that extends down from the 10/27 top to the 11/9 low on RUT and NDX.

Thanks for all your work.