Cobra's Market View

One thing supporting a bull case was an inverse H&S on the ES hourly that completed on Friday.
The low this morning was half a handle above the right shoulder low.
If the pattern isn't dead, it is mortally wounded.

Nrsimha wrote:

DellGriffith wrote:Gold alert.

Gold is DOWN another $22. This is going a LONG way to installing the second shoulder on the massive inverse head and shoulders pattern on gold.

It needed to drop big immediately....and we are getting it.

We get this second shoulder carved out, and gold will explode higher in 2014.

Also, SEASONALLY -------------------- > Now is the time to get long gold and HUI ------> http://www.zealllc.com/2011/goldseas6.htm
(Last week of March).

I would definitely NOT recommend going long right now. For the shoulder to get installed, we're going to need more down. If you don't want to puke riding this thing, just wait for the shoulder to finish. Go long now and gold still has another $50 to fall will be pretty awful.

Today's action is really good for the shoulder tho. Big drop smashed thru support.

Friday's chart:

Nrsimha wrote:

DellGriffith wrote:Gold alert.

Gold is DOWN another $22. This is going a LONG way to installing the second shoulder on the massive inverse head and shoulders pattern on gold.

It needed to drop big immediately....and we are getting it.

We get this second shoulder carved out, and gold will explode higher in 2014.

Also, SEASONALLY -------------------- > Now is the time to get long gold and HUI ------> http://www.zealllc.com/2011/goldseas6.htm
(Last week of March).

HUI has a lot of "junk" miners. The below list derive 80% of their value from gold sales only. Just saying.

Janet Yellen = EPIC FAIL.


(Not her looks or age or gender or race or .... [NOT THAT AGAIN!! ])
The fact that SHE WANT TO RAISE INTEREST RATES "SOONER THAN EXPECTED".
That is what the guys at Blackrock and the other big playas are reading from last weeks
statements. And that is what you should be bracing for.

She is truly a moron.

DellGriffith wrote:

Nrsimha wrote:

DellGriffith wrote:Gold alert.

Gold is DOWN another $22. This is going a LONG way to installing the second shoulder on the massive inverse head and shoulders pattern on gold.

It needed to drop big immediately....and we are getting it.

We get this second shoulder carved out, and gold will explode higher in 2014.

Also, SEASONALLY -------------------- > Now is the time to get long gold and HUI ------> http://www.zealllc.com/2011/goldseas6.htm
(Last week of March).

I would definitely NOT recommend going long right now. For the shoulder to get installed, we're going to need more down. If you don't want to puke riding this thing, just wait for the shoulder to finish. Go long now and gold still has another $50 to fall will be pretty awful.

Today's action is really good for the shoulder tho. Big drop smashed thru support.

I will be buying any and all GDX shares below 22.91

bottom fishers.

CLF buy is now confirmed. from now dips will be so bought.

Another opinion.

Hourly /ES is in the buy zone now, one more buy coupon left as long as histogram is staying positive. both /ES and SPX is still in a conflict so high volatility is to be expected from my corner.

Nrsimha wrote:

DellGriffith wrote:

Nrsimha wrote:

DellGriffith wrote:Gold alert.

Gold is DOWN another $22. This is going a LONG way to installing the second shoulder on the massive inverse head and shoulders pattern on gold.

It needed to drop big immediately....and we are getting it.

We get this second shoulder carved out, and gold will explode higher in 2014.

Also, SEASONALLY -------------------- > Now is the time to get long gold and HUI ------> http://www.zealllc.com/2011/goldseas6.htm
(Last week of March).

I would definitely NOT recommend going long right now. For the shoulder to get installed, we're going to need more down. If you don't want to puke riding this thing, just wait for the shoulder to finish. Go long now and gold still has another $50 to fall will be pretty awful.

Today's action is really good for the shoulder tho. Big drop smashed thru support.

I will be buying any and all GDX shares below 22.91

Dude I'm working on freeing up cash I've had elsewhere and moving it into position because if this shoulder gets put in, it'll be a move I can retire on. I saw the 50/200 cross just below price and was worried that would act as support and block it. Once it smashed through that, I started getting ready.

Nrsimha wrote:Janet Yellen = EPIC FAIL.


(Not her looks or age or gender or race or .... [NOT THAT AGAIN!! ])
The fact that SHE WANT TO RAISE INTEREST RATES "SOONER THAN EXPECTED".
That is what the guys at Blackrock and the other big playas are reading from last weeks
statements. And that is what you should be bracing for.

She is truly a moron.

Funny all the people whining about Fed's easy money are now screaming EPIC FAIL that the policy they hated and whined about for five years is coming to an end— but that's idiots for you.

Here's a tip: If your bio has the words "freedom" or "gold" in it, you've been dead wrong about this economy for five years. Deal with it.

And Yellen's a moron?

The woman's a professor at Harvard,a Fed reserve board member starting in the 70s, teaching Macro econ at Haas, served on POTUS econ board of advisors, re appointed to Fed board in '90s, taught London School of Econ, fellow at Yale assoc, Vice-chair Fed reserve board, and Chair of the Fed— probably the most powerful woman on planet earth.

That's her resume, now you post yours— If you've got the sack.

If not, I'll assume in your third grade moron language: Nrsimha=EPIC FAIL

I spent days away from this board after the Yellen nonsense last time, I come back and here's the idiot brigade blaming the government for their problems— again.

No personal attacks? All this guy is is personal attacks. Shut up, you're making my ears bleed.

The leaders are on sale. way over sold now, see RSI on hourly on these guys, dead cat bounce in the work?

Xian wrote:

Nrsimha wrote:Janet Yellen = EPIC FAIL.


(Not her looks or age or gender or race or .... [NOT THAT AGAIN!! ])
The fact that SHE WANT TO RAISE INTEREST RATES "SOONER THAN EXPECTED".
That is what the guys at Blackrock and the other big playas are reading from last weeks
statements. And that is what you should be bracing for.

She is truly a moron.

Funny all the people whining about Fed's easy money are now screaming EPIC FAIL that the policy they hated and whined about for five years is coming to an end— but that's idiots for you.

Here's a tip: If your bio has the words "freedom" or "gold" in it, you've been dead wrong about this economy for five years. Deal with it.

And Yellen's a moron?

The woman's a professor at Harvard,a Fed reserve board member starting in the 70s, teaching Macro econ at Haas, served on POTUS econ board of advisors, re appointed to Fed board in '90s, taught London School of Econ, fellow at Yale assoc, Vice-chair Fed reserve board, and Chair of the Fed— probably the most powerful woman on planet earth.

That's her resume, now you post yours— If you've got the sack.

If not, I'll assume in your third grade moron language: Nrsimha=EPIC FAIL

I spent days away from this board after the Yellen nonsense last time, I come back and here's the idiot brigade blaming the government for their problems— again.

No personal attacks? All this guy is is personal attacks. Shut up, you're making my ears bleed.

Political should be banned from this board.
everyone knows politician lies and worst yet those who support them and defense these liars.

Cobra：Do you have chart or link for option IV (option implied volitility) chart for its price change,
and its price change relation with mkt behavior?
Thanks.

“So why does everybody think that Yellen blundered? The answer is simple: they were looking at the stock market (which doesn't matter), rather than the bond market (which does). Stocks fell, briefly; not a lot, and not for long, but enough that people noticed…. Yellen is going to oversee a series of interest-rate rises, and it's entirely likely that stocks will pull back when that happens. That's no reason to criticize her”
[Felix Salmon at Reuters]
http://seekingalpha.com/article/2103373 ... _4_9&ifp=0

And his link to El-Arian is worth reading:
“…her message was clear: The economy still requires extraordinary Fed support to overcome the horrid legacy of the global financial crisis. She and her Fed colleagues are committed to provide it.”
http://finance.fortune.cnn.com/2014/03/ ... et-yellen/

40 years of SPX (purple), gold (shaded gold), long bonds (black), and the U.S. dollar (dashed green),
with a 30 year trend channel (grey lines), drawn on the long bonds $USB.

Today's truth.

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TA alerts

Intraday Bullish Percentages look really bad Weaker than I expected. BPFINA (not shown here) is flat.

http://stockcharts.com/freecharts/candl ... ,$BPINDU|B

Al_Dente wrote:How I use the “block feature” on this board:
>User Control Panel (at the top left of this page)
>Friends & Foes
>Manage Foes
>Type in any name in the “Add New Foes” box
>Submit
>Confirm YES submit

Thanks Al, I've been trying to figure out how to get rid of you
Now, back to bidness