Cobra's Market View

noob wrote:

ccash04 wrote:

Petsamo wrote:BIDU reports after-hours

That's what I thought but Im not sure its the case, I'm seeing that they haven't confirmed that.

http://news.investors.com/Article/59935 ... oocp,yahoo

Yeah that's what I read too, doesn't mean 135c is not a good idea lol.

Agreed even though i'm short the way its behaving, I will have to close it out soon. Quite strong.

waverider wrote:AUD/JPY isn't sharing equity exuberance here.

But did eur/usd double bottom (vs 1/26 and 1/27)? WDIK???
Wavy LOL yr weekend “if u have eyeballs”
I got it!

Cobra wrote:since it's a channel, so most likely bulls have another push up. bears need pray that this push up is the weakest.

Cobra: is that an exhaustion bar on this chart?

guys, I'm back. I see the target has been met. so far goes as planned, not exactly but still not too bad the plan.

very small 3 push here, bulls are strong, hopefully a little pullback here.

Cobra wrote:guys, I'm back. I see the target has been met. so far goes as planned, not exactly but still not too bad the plan.

Cobra,

Thanks for the diligence on the updates.

wayne0708 wrote:

Cobra wrote:since it's a channel, so most likely bulls have another push up. bears need pray that this push up is the weakest.

Cobra: is that an exhaustion bar on this chart?

no clear exhaustion bar I see.

SB73 wrote:

Cobra wrote:guys, I'm back. I see the target has been met. so far goes as planned, not exactly but still not too bad the plan.

Cobra,

Thanks for the diligence on the updates.

One thing in the bears favor is they don't have to worry about the 6 red bars in a row on the hourly.

Al, yes EUR/USD double bottomed, but based on it's current trend that was a bear flag so far. Give me another bottom at the same level. Glad you were amused. Meanwhile, there are record long large spec positions in the USD.

TraderGirl wrote:Finally!!! Today actually has positive astro aspects, and Tuesday and Wednesday have more negative astro's. Thurs/Fri we could see a bounce up, because Fri has positive aspects. Will probably take profits on Tues/Weds, then re-load on Fri/Mon... we will see...

Even though today opened down, the astro's are positive, which could be resulting in this wave up. But Tues and Weds have negative astro's, so we could see the market sell into the close and lower tomorrow, maybe Weds morning the bottom??? We will see...

Thurs/Fri we could see a bounce up...

you can see here clearly why bulls are hesitating.

so far so good, goes as planed. how bulls later rebound is actually the key, let's wait.

Another sell kicks in, trades under 5dma, my trend is down, sell the rally is in full gear now.

Nyse Trin has been over 1.1 all the day. Now it is standing at 1.3. Thus, the volume has been more behind declining stocks and the overall sentiment a little bit negative.

Here’s why we are “supposed to be soft” today (someone already chirped about Greece and Portugal, thanks, forget who)

1/30/12 1:15 PM ET… “The US equity markets continue to move lower … on the heels of solid declines in European stocks courtesy of renewed default concerns toward Greece and Portugal. The concerns are resurfacing as Greek debt-swap negotiations with its private creditors continued with no agreement thus far, while EU officials are holding a summit again in Brussels, aimed at finalizing its permanent bailout facility and …[bla bla]…. The focus overseas is overshadowing a plethora of M&A news, as Switzerland’s ABB Ltd announced an agreement to acquire U.S. … Thomas & Betts Corp … while Dow member …[XOM] …reported that it will restructure its holdings in Japan, and …[bla bla] … Pep Boys-Manny Moe & Jack agreed to be acquired by privately-held The Gores Group… [bla bla]… Treasuries are higher amid the weakness in stocks, and after personal income and spending data came in mixed, despite a jump in a read on regional manufacturing activity. Gold and crude … lower, …US dollar is moving solidly higher….”

BullBear52x wrote:Another sell kicks in, trades under 5dma, my trend is down, sell the rally is in full gear now.

Nice BullBear!!!

volume surge, let's wait for the next bar. bears still need pray, again as long as today could close in red.

largest volume ever for a long time, so could be an exhaustion here. let's see this bar for confirmation.

Thanks for that nice summation Al. The last bit is funny because I believe Goldman recently said to short USD and long $RUT

very good, goes exactly as planned. the strength of this rebound as I said before holds the fate of bulls and bears, so let's wait.