Cobra's Market View

Cobra wrote:yesterday's low, so key time again. I'll count the descending triangle target as fulfilled.

If it is ONLY a triangle there then it has to be B wave triangle and we could go back to today's high (under EWT rules) in a flat (3-3-5) before going down. But there might be a small a-b-c-x before the triangle. If so, then it can be a valid wave 2 and wave 3 is starting. A wave 2 triangle is so rare as to not ever be considered. I think I've seen two in my life. So again, it can't stay here. I suspect Friday's expiration will be well over 10 SPX points from here.

Volume isn’t “telling” me this is a bounceable bottom yet (?)
(bottom panel, pink box)
Anyone else have a better volume “tell” ?

the one on May 13th? thanks

Cobra wrote:now aapl 100% MM target looks very likely: http://stockcharts.com/public/1684859/c ... /231686385;

TraderGirl wrote:SLV...fell through trend line #1, trend line #2 is around $25. Trying to hold a higher low than the one made on Dec 26th, but it's not looking' good. At point #8 the falling support trend line meets the pitchfork support on or around July 6th at around $22, which is the same timing we could have a bottom in the market..???

We will see what happens...

Yes TG thanks, just now i figured out that the paper silver have another angle from the past years than the real one (from 2009 they are same)...thanks!

OK, looks like we have a rebound here. although at little shy of my MM target but close enough as the target is just reference, I consider the target call has been fulfilled. I'll explain in the next chart why I don't insist the target anymore.

there're chances this rebound might have legs because the 3rd push is weaker. By the way, ideally I prefer a little bit more on the downside to make my last night evil plan looks clearer but guess we have to live with the reality.

here's the very 1st resistance.

“…they are selling their AAPL stock so they can buy FB….” [bloombrg unsourced ... a minute ago….]

keizai tradergirl silver
I see SLV support at 25.65, the low of 12/29
STO is at extreme lows, each time as soon as the STO turned up a touch = bounce
My 2cents

Al_Dente wrote:keizai tradergirl silver
I see SLV support at 25.65, the low of 12/29
STO is at extreme lows, each time as soon as the STO turned up a touch = bounce
My 2cents

516slv.png

I have the same trend line support as you around $25-25.65, so we could bounce here or there, but there is no pos d on TSI so even if we bounce here, we could hit new lows before we get pos d on TSI...my two cents...

NASDAQ100 is the leader

failed at resistance, now testing the day low support, let's see. again, ideally if bears could make more lower low it'd help to clarify my last night's evil plan.

Cobra wrote:failed at resistance, now testing the day low support, let's see. again, ideally if bears could make more lower low it'd help to clarify my last night's evil plan.

Where is that you snake?

TraderGirl wrote:

Al_Dente wrote:keizai tradergirl silver
I see SLV support at 25.65, the low of 12/29
STO is at extreme lows, each time as soon as the STO turned up a touch = bounce
My 2cents

516slv.png

I have the same trend line support as you around $25-25.65, so we could bounce here or there, but there is no pos d on TSI so even if we bounce here, we could hit new lows before we get pos d on TSI...my two cents...

Agree
If she breaks 25 convincingly, target would be lower trendline
ouch
thanks mama

MrMiyagi wrote:

Cobra wrote:failed at resistance, now testing the day low support, let's see. again, ideally if bears could make more lower low it'd help to clarify my last night's evil plan.

Where is that you snake?

It's my daily market outlook report. the very first chart.

The NYSE is just breaking the 200 MA..Needs to go lower for a good break.

This is the most complex ending to a wave I think I have ever seen. But so far, it's the most valid I can see. The other option is that it is a running correction and they are trying their best to stop a collapse. Since that's worked essentially 100% of the time since April 2009, I'll just put how it can stop here:

Cobra are you seeing that descending triangle on the 2 minute chart?

Al_Dente wrote:

TraderGirl wrote:

Al_Dente wrote:keizai tradergirl silver
I see SLV support at 25.65, the low of 12/29
STO is at extreme lows, each time as soon as the STO turned up a touch = bounce
My 2cents

The attachment 516slv.png is no longer available

I have the same trend line support as you around $25-25.65, so we could bounce here or there, but there is no pos d on TSI so even if we bounce here, we could hit new lows before we get pos d on TSI...my two cents...

Agree
If she breaks 25 convincingly, target would be lower trendline
ouch
thanks mama

Sometimes history repeats itself and sometimes not...so I don't know if we will get a lower low, but if silver is falling with the market, then it should go lower...because this correction is certainly not done...

Here is a snapshot of 2008 bottom in silver...

not looking good now, could be another descending triangle in the forming.