Cobra's Market View

joe-gamma wrote:

jdow wrote:IWM Stop loss triggered at 81.70. Now I'm happy w/ profits and sit and wait

a great call from the fan of Escher

Little bit of an inverted Head and Shoulders.

THANKS TRADERGIRL AND CLARK
even Abelson is bull gold, oy
I forget if he is historically a leading indicator or a great contrary signal
Anyone remember?
[sorry i won’t link his last barron’s column, as it is loaded with politics]

Based on today's performance small caps appear to operate in their own world.

Last half hour. Google finance thirty minute setting on SPX shows mostly down since Aug 21st. Do we repeat history? We already have many days of closes near 0% change. Maybe a couple more.

BlackThought wrote:Romney said he is planning to replace Bernanke if he wins the presidential election. Bernanke will perhaps ramp the market higher into election to protect his job?

I think the market is up because it's pricing in a Romney victory.
This one's for Xian: Electoral College Prediction Model Points To A Mitt Romney Win In 2012
Darn, he's not online

still fighting resistance. 23min to close anything could happen. I'm neutral.

Any thoughts on BPT from the very educated crew here?
Thanks in advance.

Bman69 wrote:Any thoughts on BPT from the very educated crew here?
Thanks in advance.

Nice fundamentals but price to book ratio is too high. I suppose the market should retrace to the upside. It's too oversold short-term. If you go in, good luck.

Here's an article: Yes, There Is A (High-Yield) Dividend Bubble

Bman69 wrote:Any thoughts on BPT from the very educated crew here?
Thanks in advance.

What's the story, why down?? Earnings, or accounting error???

TraderGirl wrote:

Bman69 wrote:Any thoughts on BPT from the very educated crew here?
Thanks in advance.

What's the story, why down?? Earnings, or accounting error???

You trying to go long or short?

Like clockwork....Sell...Sell..Sell...

ChiOsc on GDX weekly is HIGH. Hasn't been fun for a couple weeks last 4 times it's gotten to this level...

Looks like a (iii) of iii, so could bounce but more down...but if something other than earnings...then, the story might change....and jump up...???

Message from HTFAlert. http://stocktwits.com/HFTAlert/message/9316004

break down, target I don't believe.

TraderGirl wrote:Looks like a (iii) of iii, so could bounce but more down...but if something other than earnings...then, the story might change....and jump up...???

Actually, in 3rd of 3rd of 3rd, broke below potential channel...backtest, and more down...???

TraderGirl wrote:

Bman69 wrote:Any thoughts on BPT from the very educated crew here?
Thanks in advance.

What's the story, why down?? Earnings, or accounting error???

In case you didn't see my edit, here's an article: Yes, There Is A (High-Yield) Dividend Bubble

well, guess that's it for today. I see put call ratio surges, so probably people are hedging risks. tomorrow might be another boring day. thank you guys, I'll see you tomorrow.

please don't forget to vote for me, thanks. http://stockcharts.com/public/1684859/tenpp