Cobra's Market View

Can we get POWER HOUR!

guys, please take a little time to vote for me, thanks: http://stockcharts.com/public/1684859/tenpp

I think members should be happy now as you now know how I normally trade...

Me XMan wrote:Yeah I know but I think there's one more move up before election.

Out of Bounds wrote:

Me XMan wrote:Stop-loss triggered before and now looking to play bounce once again.

Hard to play against the trend, good luck.

It's difficult to anticipate what the big boys will do if Romney wins. I'm thinking sell the news, then the rally will come later.

lesgray wrote:

uempel wrote:Update, and check the move due on the 5th - in the afternoon.

333.png

Could you please explain what you mean with this chart? Do you predict an up or a down, or just a "big move"?

Lesgray, these ellipses work like channels. But they are not restricted to a y-axis like a normal channel, they have an x-axis too.

The dotted vertical signals tell us that price is touching the boundary of a "channel" on the x-axis. Of course we don't know what's going to happen - it's like if price touches the low or the high of a normal channel. Reaction is going to be either a reversal or an acceleration of the prior move. So it's either up or down. To get a clue of the direction we have to check other systems, such as those which harapa or Al_Dente advocate, but there are many others too

Me XMan wrote:Can we get POWER HOUR!

You might get a bear flag

Out of Bounds wrote:

Me XMan wrote:Can we get POWER HOUR!

You might get a bear flag

I'm hoping we don't end too far down. They might gap this up Monday.

as a bear, you don't want to see spy closes below yesterday's low. I'll explain why if indeed.

Anyone notice the rebound came at........ wait for it.....

!!!!!!POWER HOUR!!!!!!

Cobra wrote:as a bear, you don't want to see spy closes below yesterday's low. I'll explain why if indeed.

I would love to know the explanation

uempel wrote:Looking closely at support:

The attachment 31.png is no longer available

Thanks Uempel are those fib time series ellipses/ovals?

SPY Chart for fractal comparison of sorts (to my put chart)..

MrMiyagi wrote:Anyone notice the rebound came at........ wait for it.....

!!!!!!POWER HOUR!!!!!!

That wasn't a rebound - the bears just ran out of Starbucks....... They'll be back with a triple soy vanilla strawberry tall latte with 5 extra espresso shots, cream sugar extra caffeine some froth and whatever else the coffee guy can dump into the cup.

Either they'll kill every bull in the building, or their heart will explode.

lesgray wrote:

Cobra wrote:as a bear, you don't want to see spy closes below yesterday's low. I'll explain why if indeed.

I would love to know the explanation

will only explain if indeed spy closed below yesterday's low and the explain is for members only because I'd show some statistics.

2nd leg up on the rebound I guess.

I think we have a bottom, fellas

Looking at testing SPY $142.50 line ?

SPX....still possible count...test the lower trend line? 1395ish?

Wave 5 would give us pos d on MACD and TSI in my opinion...

Next Monday, we could open lower, there could be a bounce on Monday at some point or early Tues, then turn down on Tues...can't see the rest of the week yet, but there is a turn date on the 9th so we could see a bottom around the 8/9th.

Oil has a turn on the 9th....

Update - so far 1416 is holding, but I'm kind of disappointed that bulls couldn't keep the 1425 level. If the big boys don't manage to push the index back up today or Monday morning I'm bearish.

Cobra wrote:

lesgray wrote:

Cobra wrote:as a bear, you don't want to see spy closes below yesterday's low. I'll explain why if indeed.

I would love to know the explanation

will only explain if indeed spy closed below yesterday's low and the explain is for members only because I'd show some statistics.

I am a member. I will look on the member site later.
However, any teaching like this is welcomed.

I'm out. Sold my TZA for 3% profit.

I don't trust this market with elections so close.

Have a good weekend everyone

finally nydec hit >2000 bear aka bear
all other internals are uber-bear
so it’s time for a little bounce to test stuff like MAs
……..cool…….failed…….for now.....
shall bears cover so as not to hold short exposure over weekend
or not