Cobra's Market View

ken_d17 wrote:I have the idea that "reverse window dressing" exists. Window dressing is about the pro's getting their bonuses --- exceeding goal. In bad months, why not kill it to give next month a better chance?

Close at the lows ???

Not closing at the lows gives a better chance of a gap down

snakehead wrote:

TraderGirl wrote:

snakehead wrote:

TraderGirl wrote:NUGT???...

I assume that you are not looking at the P&F charts.

What does P&F say?? You got a chart?

According to P&F (using 5% increments) there was recently a breakout (but not confirmed yet by Aroon indicator...)

http://stockcharts.com/def/servlet/SC.p ... ANRBO[P][D][F1!3!5!!2!20]&pref=G

From what I can read, P&F is designed for long term, rather than short term moves, looks like there may not be enough data here to determine a true "trend" as of yet...

Looks like resistance at $12 and support around $8 on the P&F...which is what a normal chart says as well....

ANNNNNND the computers just took 50+ SPY points out of the mkt.

Think they'll do an HFT IPO?

No computers, no movement, no market, no SEC.

Is it true that soon Channel 1 will soon be running all of Obama's speeches?...

gap up wrote:Devious! I likey. (reverse window dressing)

best ID i've seen!

NUGT...??

Thanks Cobra and everyone, GLTA

TA note: Contrarian or Trend following??? STO said bears are back

knock wrote:

gap up wrote:Devious! I likey. (reverse window dressing)

best ID i've seen!

Thanks. In days of yore it represented a respectable turn of events, not an overnight manipulation. I hope to live long enough to see it again.

Al_Dente wrote:

BullBear52x wrote:How do you spell P-A-N-I-C?

U short little guy
I think I could still whop you, ya know
http://www.youtube.com/watch?v=ZzU9FgNT ... re=related

I know PPT is still function as they should. later.

UVXY is interesting....
broke out of triangle, hitting resistance at 50dma....

Nothing matters.... only the dollar matters.

TraderGirl wrote:

snakehead wrote:

TraderGirl wrote:

snakehead wrote:

TraderGirl wrote:NUGT???...

I assume that you are not looking at the P&F charts.

What does P&F say?? You got a chart?

According to P&F (using 5% increments) there was recently a breakout (but not confirmed yet by Aroon indicator...)

http://stockcharts.com/def/servlet/SC.p ... ANRBO[P][D][F1!3!5!!2!20]&pref=G

From what I can read, P&F is designed for long term, rather than short term moves, looks like there may not be enough data here to determine a true "trend" as of yet...

Looks like resistance at $12 and support around $8 on the P&F...which is what a normal chart says as well....

Yeah, I can't beat the machines at short-term movement so I go for intermediate-term/long-term.

Also -- I have been seeing positive divergence on the MACDs for GDX and NUGT.

SPX 1250 coming ?

Cancel Power hour....... Green light to "Power Minute"......... schedule to be revealed after the fact.

Me XMan wrote:SPX 1250 coming ?

Market Owl believes we'll drop to 1260

After the close: if BPSPX breaks to the downside it might be a bearish omen for tomorrow. And vice versa...

Can we start with 1280?

Petsamo wrote:

Me XMan wrote:SPX 1250 coming ?

Market Owl believes we'll drop to 1260

How can SPY be above 132 right now???

This is complete and utter bull-crap.

looks like we'll have a strong close but it doesn't change the fact it's a bear flag on the spy 60 min chart.

well, guess that's it for today, I don't know tomorrow but the big picture I've already given my opinion. Thank you guys, I'll see you tomorrow.

Yeah, I can't beat the machines at short-term movement so I go for intermediate-term/long-term.

Also -- I have been seeing positive divergence on the MACDs for GDX and NUGT.[/quote]

Be careful on a break below $43 on GDX IMHO...