Cobra's Market View

Al_Dente wrote:

TraderGirl wrote: I don't follow TRIN because it doesn't give any forward indications...??? maybe I should on an intraday indicator, but if you look at Al's chart...doesn't really track the market exactly...

I use trin for INTRADAY direction (scalping aid)
It just tells me, by definition: “what little/lot of volume there is today… it is all flowing into the advancing/declining stocks”
Right now it is NOT flowing into the advancers

Boss I’m not allowed to front-run nuthin’
Only the sharks get to front-run

shark whisperer.png

You are the chart master Al...I'm just tryin to keep up...

Well this just will not fall.
If I can't get a low by 13:30CT I think I'd better exit.

Now let us repeat.
"Don't contertrend trade, on a progap up day"

DOC H
“”kung-fu””
U have all the good toys

TraderGirl wrote:

Al_Dente wrote:

TraderGirl wrote: I don't follow TRIN because it doesn't give any forward indications...??? maybe I should on an intraday indicator, but if you look at Al's chart...doesn't really track the market exactly...

I use trin for INTRADAY direction (scalping aid)
It just tells me, by definition: “what little/lot of volume there is today… it is all flowing into the advancing/declining stocks”
Right now it is NOT flowing into the advancers
Boss I’m not allowed to front-run nuthin’
Only the sharks get to front-run

shark whisperer.png

You are the chart master Al...I'm just tryin to keep up...

TraderGirlfriend
Here is your early Christmas present
bcuz I luv your charts, and I luv u
http://screencast.com/t/9veKo0MmXABu

Huge intraday spike in Chaikin Moneyflow in SLV past hour to highest pt in at least six days, while price is sideways. Accumulation alert. Cavaet, intraday Chaikin readings are NOT as reliable as daily and weekly.

SigmaEcho wrote:

Cobra wrote:not a breakout, just a consolidation. I'm neutral. wait.

ABC, goodbye kiss?

Very nice chart SigmaEcho! But I'm not 100% sure about 1432 resistance, 1445 looks nice too, check the P&F. How about some volatility, a dip down to 1410 (Bernanke says something tomorrow) and then a push upwards to 1445 - because John Boehner and Barack Obama finally agree

Al_Dente wrote:

TraderGirl wrote:

Al_Dente wrote:

TraderGirl wrote: I don't follow TRIN because it doesn't give any forward indications...??? maybe I should on an intraday indicator, but if you look at Al's chart...doesn't really track the market exactly...

I use trin for INTRADAY direction (scalping aid)
It just tells me, by definition: “what little/lot of volume there is today… it is all flowing into the advancing/declining stocks”
Right now it is NOT flowing into the advancers
Boss I’m not allowed to front-run nuthin’
Only the sharks get to front-run

shark whisperer.png

You are the chart master Al...I'm just tryin to keep up...

TraderGirlfriend
Here is your early Christmas present
bcuz I luv your charts, and I luv u
http://screencast.com/t/9veKo0MmXABu

SPX: Now I am looking at two potential EW options within the wave (B) off the September 14 high that are expected to establish a lower high (below the September 14 top)

1) Triple Zig Zag
2) Zig Zag with an Ending Diagonal

Huge intraday outflows in Chaikin Moneyflow in LQD all day to lowest pt in at least six days. However, in the case of this corp bond ETF, price is also at a 6-day low, so no divergence.

[SAVE FOR LATER]

“…what the next crisis may look like …”

BANKS
“ ‘Well, it used to be 40x leveraged,’ (some of them were 90x leveraged) ‘but now they’re 15 to 20 times leveraged.’ Well that’s just great. Except you go to the derivatives and see numbers in the trillions and trillions and …you have no clue, no understanding, of what that is actually composed of…”

“… The lesson of ’08, which is indelibly stamped upon every hedge fund forehead and trading desk head, is: Move your assets first, stop trading first … ask questions later…”

[CAVEAT: do not click if u r allergic to zerohedge]
http://www.zerohedge.com/news/2012-12-0 ... aul-singer

today we got a pair of HH and HL

Within 5 minutes of each other.

[quote="MrMiyagi"]Within 5 minutes of each other.[/q
Approx. lag time on those Pbars

TOMORROW is 12/12/12
What does that mean?
I think the Mayan date for the end is 12/21/12 (??)



oooooooooooo here we go............maybe.........still testing vwap.....

not a good looking now.if the next green line is broken, then we'll have a double top.

Thank u guys/gals see u all tmr closed longs maybe some profit taking before FOMC will take place

bye bye

uempel wrote:

SigmaEcho wrote:

Cobra wrote:not a breakout, just a consolidation. I'm neutral. wait.

ABC, goodbye kiss?

Very nice chart SigmaEcho! But I'm not 100% sure about 1432 resistance, 1445 looks nice too, check the P&F. How about some volatility, a dip down to 1410 (Bernanke says something tomorrow) and then a push upwards to 1445 - because John Boehner and Barack Obama finally agree

3.png

4.png

tnx boss.
also nice longer term TL: lows 092311-062612-071212-end oct 12 > today high.

besides, dax 9.4% surge in 17 days. kinda very steep time to run some stops south?

MrMiyagi wrote:Within 5 minutes of each other.

Mr. M Excuse me but has it been found these actually have meaning? I have seen them many times over the years and wondered.

Thanks!

out !
wheW!!!!!
-$17

Ok - I'm exhausted.
Nap time!!!!!!!