Cobra's Market View

gap up wrote:

victorm wrote:

MrMiyagi wrote:

seeyou wrote: Looks like we will a lower day wednesday.. TZA flashing a buy

I was thinking of buying at the close-ish for bounce tomorrow.

me too... just waiting if it come closer to Cobra's target...

In @ 21.63 GLTA

Your'e welcome bulls.

gap up wrote:

victorm wrote:

MrMiyagi wrote:

seeyou wrote: Looks like we will a lower day wednesday.. TZA flashing a buy

I was thinking of buying at the close-ish for bounce tomorrow.

me too... just waiting if it come closer to Cobra's target...

In @ 21.63 GLTA

Your'e welcome bulls.

snakehead wrote:Can someone take a look at the daily chart of TLT and interpret --- is it a pennant? bull flag? descending triangle?

(Looks like it is forming a fractal pattern similar to the previous one [previous pattern ended in breakout ]).

http://bigcharts.marketwatch.com/advcha ... &x=42&y=14

this.

I posted this chart of TMF earlier today...could be in wave 4, down to wave 5, the question is when is wave 5 done??

TSI needs to break support here for the bulls to have another day or two in the sun, but then there will most likely be a rebound in TMF...

Out of CLF for a decent day trade. Afraid of a gap down tomorrow...

XIV is not giving a very positive outlook, needs to move up right here right now or support is busted...

ClarkW wrote:Out of CLF for a decent day trade. Afraid of a gap down tomorrow...

The best chance for a gap down is if we finish at the highs.
Yesterday's high is still way up there

Bulkowski's candlesticks...piercing pattern is reversal...
or depending on our close we could get a bullish engulfing....

Yes...now it is making more sense....

Petsamo wrote:

ClarkW wrote:Out of CLF for a decent day trade. Afraid of a gap down tomorrow...

The best chance for a gap down is if we finish at the highs.
Yesterday's high is still way up there

Thanks Petsamo. I haven't figured out your end of day stats on gaps but I do remember close at hod=likely gap down tomorrow.

Looks like I was early on selling CLF, she's ramping up. Just feel market is heading lower and taking any gains I can betting against the trend.

TraderGirl wrote:Bulkowski's candlesticks...piercing pattern is reversal...
or depending on our close we could get a bullish engulfing....

The candlesticks in the red circle show a lower low & lower high. So, I'm not convinced that the pattern turns bullish. The candlestick to the right of the circle is important.

Is there a bullish or bearish aging pattern? Cuz I'm getting old waiting for something to happen.

ClarkW wrote:Just feel market is heading lower and taking any gains I can betting against the trend.

I don't have a problem with taking profits.

My spreadsheet predicts a gap up tomorrow, but doesn't predict if overseas markets will sell off on their gap up.

OverUnder wrote:Is there a bullish or bearish aging pattern? Cuz I'm getting old waiting for something to happen.

Me too!!

Petsamo wrote:

TraderGirl wrote:Bulkowski's candlesticks...piercing pattern is reversal...
or depending on our close we could get a bullish engulfing....

The candlesticks in the red circle show a lower low & lower high. So, I'm not convinced that the pattern turns bullish. The candlestick to the right of the circle is important.

For that matter, you could have argued that yesterday was a bearish engulfing pattern -- this market so crazy all candlestick pattern bets are off.

We are going up solely on easing hopes.

well, almost hit the target, I consider it's done.

Guess that's it for today, I need dig a little before calling tomorrow. The short-term evil plan I gave in the last night's report still is valid, only it has no conclusion today, need see tomorrow. Unless I found another evidence calling for up or down to change the plan from now until the time I write my daily market outlook. so for now pretty much no conclusion. well, at lease my call for 100% up today was fulfilled. Thank you guys, I'll see you tomorrow.

This market is very crazy, even though the astro's argue for more up into the 14th, this could be an H&S forming...???
Unsure at this point....

No significant last buys or sells

Potential resistance...1340ish..

Anyone know why NAV is not feeling any love? It has nice fundamentals. Maybe it feels the wrath of Obama, like oil & coal ?

Daily Elders still mainly Green. Note that the SPY MA2 slope was barely negative today(red). XLP and Indians looking strong. F N Canadians still draging the markets down http://www.humorsphere.com/humor/canadian_jokes.htm Dr Al are you L or H?