Cobra's Market View

daytradingES wrote:

brokebybernacke2 wrote:could be blood in streets this week, potus is a moron, sorry.

daytradingES wrote:the other weekend I mentioned "they" buy it at -10% which they did
(They being the govt)

I found Friday's action telling. To me the rebound was stopped at a key point on Wednesday and Friday indicates the new leg is down - should Monday bring a lower low on the daily (<Low2764.50), and possibly to new lows below 2603.

we have been below today's breakdown level 2758.25.
to me the trade is sell the bounce

yep. i like you targets. and longer term, much lower.

brokebybernacke2 wrote:

daytradingES wrote:

brokebybernacke2 wrote:could be blood in streets this week, potus is a moron, sorry.

daytradingES wrote:the other weekend I mentioned "they" buy it at -10% which they did
(They being the govt)

I found Friday's action telling. To me the rebound was stopped at a key point on Wednesday and Friday indicates the new leg is down - should Monday bring a lower low on the daily (<Low2764.50), and possibly to new lows below 2603.

we have been below today's breakdown level 2758.25.
to me the trade is sell the bounce

yep. i like you targets. and longer term, much lower.

to play this, seems like dow laggin, most to move down yet...isnt that hedge fund hell day this week>>??

bring one's politics to the board only hurts your ability to read charts.

today's down move was in last week's charts.
trying to link cause - after the effect - after the effect -- doesn't help you read charts.

brokebybernacke2 wrote:

brokebybernacke2 wrote:

daytradingES wrote:

brokebybernacke2 wrote:could be blood in streets this week, potus is a moron, sorry.

daytradingES wrote:the other weekend I mentioned "they" buy it at -10% which they did
(They being the govt)

I found Friday's action telling. To me the rebound was stopped at a key point on Wednesday and Friday indicates the new leg is down - should Monday bring a lower low on the daily (<Low2764.50), and possibly to new lows below 2603.

we have been below today's breakdown level 2758.25.
to me the trade is sell the bounce

yep. i like you targets. and longer term, much lower.

to play this, seems like dow laggin, most to move down yet...isnt that hedge fund hell day this week>>??

of course to have played today properly = selling at open, I needed to be up on time -- which I wasn't

but the message above was written about 9:40 (CT) We had broken 58.25 which was 9:05 (At 9:40 it had bounced 62.25 and then fallen to about 56.25. So there was time to sell for the next LL - its been to 37.25 so lots of meat left.

- not sure about your "dow lagging and hedge fund hell this week" these are things I know nothing of - I am just looking at my spread sheet and my charts. Spreadsheets said breakdown day. (meaning LOD below 58.25) and charts last week said down this week (see weekend post) the o/n chart said down.

In any case, I'm not on board with this down move so I'll just keep working and try to be better prepared for Tuesday.

daytradingES wrote:bring one's politics to the board only hurts your ability to read charts.

today's down move was in last week's charts.
trying to link cause - after the effect - after the effect -- doesn't help you read charts.

Nice! Love this!

trying to link cause after the effect .. to justify the existence of the fin media

.

big fan of the 4 hour Price percent oscillator 12,26,9 crossovers for short term trend confirmations...therefore, need to hold her:)
dow has least damage major indice (least tech heavy) to date .
good luck!

I am on a buy wagon now, first counter trend, rip will sold tho.

Shaishen wrote:

daytradingES wrote:bring one's politics to the board only hurts your ability to read charts.

today's down move was in last week's charts.
trying to link cause - after the effect - after the effect -- doesn't help you read charts.

Nice! Love this!

trying to link cause after the effect .. to justify the existence of the fin media

.

Charts discount all news.
but news never failed to distract

sell the rip now. first thing first.

generally the rebound should be sold here but if a strong bull bar up from here then maybe it's a V reversal day. let's see.

Cobra wrote:generally the rebound should be sold here but if a strong bull bar up from here then maybe it's a V reversal day. let's see.

I hate V-shape they need to stop pulling that crap.

I hear you. This V type sucks !!!!

BullBear52x wrote:

Cobra wrote:generally the rebound should be sold here but if a strong bull bar up from here then maybe it's a V reversal day. let's see.

I hate V-shape they need to stop pulling that crap.

dunno. just got my 4 hour PPO - cross on techs, favor bear.. much bear. see if it follows...

$TRIN and $TRINQ solidly in distribution mode..

I see one that will help bulls out is the $VIX , dead cat bounce zone for this hourly setup, from low to new high.

I am done, the last sell is not all that strong, I don't think we will see new LOD. Peace!

“Guided, government organized” tour of our temporary-military base near the border, in Donna, Texas
11/8/18
https://www.youtube.com/watch?v=JOkP3i89HI4

AAPL approaches 200sma on the daily
hasn't broken the 200 since april

I don't know whether it means double bottom here therefore the low was in.