Cobra's Market View

POWER HOUR!!!!

I'm all in TNA, lets go, Miyagi needs a new pair of geta!

so far goes as planed. the 2nd test always is key although according to the chart, we should see a lower low...

$571.91 Apple looks like it is attempting to finish "C" wave, a lower low than price made on 4/17...

per my little bots watch, i am expecting some stop orders around 1375.25. my first stop is 1372.25

TraderGirl wrote:$571.91 Apple looks like it is attempting to finish "C" wave, a lower low than price made on 4/17...

May see a bounce after...

Just give me new LOD I'll power off and start having some beers.

HA ha I am done.

Thanks Cobra and everyone, have a good weekend.

TA note: not good looking for bulls that's for sure.

This indicator is starting to turn south

Here's an INDEX overlay alignment chart
Showing toast
Only thing that can change this picture is short-covering…..

lower low as normal, now another chances of rebound I see.

soku wrote:per my little bots watch, i am expecting some stop orders around 1375.25. my first stop is 1372.25

wow i see buying efforts around 74.5 small but exist. not sure what it is. my call may be off.

MM's task today is only to close DJIA above 13000, NDX above 3000, and SP over 1377?

aapl key time, but generally I don't think it'd be double bottom here, the rebound here shall fail eventually.

Cobra -- if this is a triangle (and i know there is no break yet so measuring targets isn't possible) but how would the target be measured textbook style?

AAPL rebound is almost the last hope the bull side has left here and it will depend on their report card.

Hold TZA @ 19 since the 18th. It sure doesn't move closely with the Russ 2000 stocks. In the future I will shy away from swap instruments.

MrMiyagi wrote:AAPL rebound is almost the last hope the bull side has left here and it will depend on their report card.

Which is when?

SPX bounced at the center pt of triangle, also 50% fib retracement...

soku wrote:

soku wrote:per my little bots watch, i am expecting some stop orders around 1375.25. my first stop is 1372.25

wow i see buying efforts around 74.5 small but exist. not sure what it is. my call may be off.

to reconcile myself a little bit, i believe the stop orders were triggered which brought us to 1373.75. there were new buy orders drag es back to my 76-77 line. overall market is still weak, it may still go down a little bit, but my setup is off. the defense effort is strange and suspicious.i need to look into it.

Carlos wrote:

MrMiyagi wrote:AAPL rebound is almost the last hope the bull side has left here and it will depend on their report card.

Which is when?

Tuesday.