Cobra's Market View

The 1241 pivot I mentioned is +/7 points and is per Tony Caldaro. Below that he has 1222. I guess you could check out S1, S2, S3 as well.

jarbo456 wrote:do most of you guys calculate your own pivots, or do you use pivotfarm.com or another site?

thanks for sharing.

usd shows weakness. now stocks will rebound, damn u bulls

Agnosia, U there?
I see a bip upside potential for Gold tonite if SP does not drop that fast... any thoughts?

positive divergence on russell, but spx has not shown it yet? who to believe?

1m internals http://stockcharts.com/h-sc/ui?s=SPY&p= ... listNum=15
For anyone “bored” today
Re: Cuba, this is totally unrelated to anything in the stock market, I just found it fascinating
http://www.nytimes.com/2011/11/06/world ... &emc=tha22

Here’s a decent informational piece on risk and hedging. It may smell like kool-aid to you, but not to Al.
Okay for intermediates (to read later), maybe not so much for real green newbies.
http://www.zerohedge.com/news/guest-pos ... d-positive

5dma may save the day, but IWM is not, so too weak yet and there's no pos D I can see. the green over lay is RSI bearish under its green horizontal line.

This is the way I like it but it's not quite in compliance with Gann . According to Gann the angles of the rhomboids should be equal and the horizontal centerlines should be flat and not steepening. Ain't easy to trade unless you are a fan but the system does work quite well.

champix wrote:Agnosia, U there?
I see a bip upside potential for Gold tonite if SP does not drop that fast... any thoughts?

hey champix. i am a gold bull. looks like a rising wedge but we could hit 1800 in the overnight before a pullback. i am long 1730

IWM is not that impressive on support here.

BullBear52x wrote:IWM is not that impressive on support here.

BB I don’t see any/much spy selling volume…. why not?....remember up days no vol, but down days BIG vol???

StrikePrice wrote:
Well if you're only looking at SPY you might see overlap where there is none on SPX. Always best to count on cash index over etf (manipulated by dividend)

I looked up S&P 5 min and I cant see an impulse there.

cobra - 1263-1240 descending triangle forming ?

patience my friends....the market will reveal its hand soon.

Al_Dente wrote:

BullBear52x wrote:IWM is not that impressive on support here.

BB I don’t see any/much spy selling volume…. why not?....remember up days no vol, but down days BIG vol???

yes, kind of low here is my update chart on SPY forget that box.

heavenskrow wrote:patience my friends....the market will reveal its hand soon.

it has spoken to me already we are headed higher. i added to my longs...

agnosia wrote:

heavenskrow wrote:patience my friends....the market will reveal its hand soon.

it has spoken to me already we are headed higher. i added to my longs...

nice. Glad im not short yet then. VXX hit a 4 touch resistance the same time SPY bottomed around 12:30 ET.
Im just watching 4 now.

XLF, tick tock tick tock

Updates

Gold http://99ercharts.blogspot.com/2011/11/gold_07.html
Silver http://99ercharts.blogspot.com/2011/11/silver_07.html

ES HOD test coming if we get above 1245/7 with potential to 1263 on ES

Updates

Copper http://99ercharts.blogspot.com/2011/11/copper_559.html
Crude http://99ercharts.blogspot.com/2011/11/crude_07.html
30-Year http://99ercharts.blogspot.com/2011/11/30y_07.html