Cobra's Market View

1462 on the SPX is acting as a bit of very near-term resistance. If the market can break thru that level, then it looks like we'll revisit the highs of the day.

possible target. hard to measure so concept only.

5min internals show the bulls still hanging on at the mom

Cobra wrote:this is just to say I'm not sure about down leg anymore because this ascending triangle, the bias is now on the upside.

Cobra, isn't it a symmetric one from the morning high?

Al_Dente wrote:

TraderGirl wrote:I think this market is making me go brain dead...

me too boss

that makes 3 of us

I see a potential bear flag...maybe I have bear goggles on...

Just go long until it really broken down

Jack12 wrote:

Al_Dente wrote:

TraderGirl wrote:I think this market is making me go brain dead...

me too boss

that makes 3 of us

Probably at SPX 1600

TraderGirl wrote:I see a potential bear flag...maybe I have bear goggles on...

BB, Keizai, awesome call on the TNA. Maybe still hope. I was kicking meself at 1st for not getting in when U said. Maybe, maybe still hope on your short. dunno. Tradergirl and other goldie locks, in general, the miners, are behaving somewhat bizarre here. AG and IAG behaving nicely according to this up trend; others are very ambivalent. Basically, USD$$ is again selling off - 4 hr chart says more down and thus more gold/silver up. CEF, your most conservative/laid back/real Canadian conservative/solidly backed/no frills gold and silver investment, has been doing some weird 5-5:30am candles and some occasional intraday volatility... My sister scolded me today for being too bearish in face of QE3. Stills Smells to me altogether like a fish market. But I agree with all here who have charted likely more bull near term. US$$ sell off.

TraderGirl wrote:I see a potential bear flag...maybe I have bear goggles on...

Looks like a retest on the SPX. 1462.56 right now.

I'm thinking to get out of TNA at close... don't see much exitments going up...

PAGE BARON
$NYDNV:$NYUPV
alert only

Me XMan wrote:Probably at SPX 1600

TraderGirl wrote:I see a potential bear flag...maybe I have bear goggles on...

and the bulls are singing Breakout by Thin Lizzy
and the bears are singing 19th Nervous breakdown by Rolling Stones

noob wrote:

Cobra wrote:this is just to say I'm not sure about down leg anymore because this ascending triangle, the bias is now on the upside.

Cobra, isn't it a symmetric one from the morning high?

symmetrical or ascending doesn't matter, both mean continuation.

false breakout, interesting. wait for the next bar, sometimes it's reversal of reversal.

Bullish P-Bar on TLT. Pairs up nicely with that bearish SPY P-Bar. Hmmm...

maybe it's a bigger ascending triangle.

TRIN just went bull nuts
so did upvolume

Any statistics on friday? I think they were bullish right?