Cobra's Market View

Some points in the following article are still in play with SP 500 around 1,292 level.

http://goo.gl/nZPuo

BullBear52x wrote:GM, early bird become early worm, well, got sell signal for the third time, this time must be the charm.

PAGING BIRDS AND WORMS
Here’s another view of that eternal question
http://screencast.com/t/9CrIgd5U3

Update SPX:

hello all good morning,
looks like gap is filled ..

i could not hold myself.. after waiting patiently .... so initiated few shorts (actually my limit got filled that's all ):
buy SPXU @ 11.93
short SSO @49.34
buy feb18 SDS 19call and sell feb18 SDS 18put [for credit of 0.20]

At this point, I still see reasonable support for the longs, but gotta believe that this will be two legged before a rally.

Paging Dr. AL.

You go right ahead buy this chart, but to answer your question, chicken came first, then they egg, then they end up in a soup pot

not a good looking black bar. let's see what's next.

Close up of previous chart:

Updates

Gold http://99ercharts.blogspot.com/2012/01/gold_12.html
Silver http://99ercharts.blogspot.com/2012/01/silver_12.html

Hey Jaime...short this.

1 min internals
http://stockcharts.com/h-sc/ui?s=SPY&p= ... listNum=15

PAGING Wavy
Reposting the John Bolinger link I posted 4 u after the close yest, not sure if u saw it.
I haven’t finished it yet; seeking more info on the crimp (it quite often works); please post a “summary” when you figure it all out…
http://www.bollingeronbollingerbands.com/methods/?m=1
PS: I will devour any update u post on the renko BP

pretty sure it's self-evident...but EUR/USD squeeze is holding everything up. and how do you know it's a squeeze...because AUD/JPY is not participating at all.

whenever they're done ripping some faces off EUR shorts...this market should resume down.

Update

30-Year http://99ercharts.blogspot.com/2012/01/30y_12.html

Oh.Ben..

DGP has been working very well this week. THANK YOU Cobra and 99er!

Springheel Jack posted this chart yesterday, every time German Bunds topped, our market did too, anyone know how to get an updated chart?

not a good start, but as long as the green line below held, bulls have nothing to worry. Let's see if once again the morning dip is being bought!

TraderGirl wrote:Springheel Jack posted this chart yesterday, every time German Bunds topped, our market did too, anyone know how to get an updated chart?

Attached, but no attachment shown....???

BullBear52x wrote:Paging Dr. AL....You go right ahead buy this chart, but to answer your question, chicken came first, then they egg, then they end up in a soup pot

Baron von SmartyPants
Nyadv 1400
Nydec 1200
Lower low spy
I’m not “buying” that.
I’m not “tupid” as u say

http://www.youtube.com/watch?v=wnApJcGBDFY

jarbo456 wrote:pretty sure it's self-evident...but EUR/USD squeeze is holding everything up. and how do you know it's a squeeze...because AUD/JPY is not participating at all....whenever they're done ripping some faces off EUR shorts...this market should resume down.

It is never "self-evident" to me, i value yr info
oooops my TRIN is beeping

AUD/JPY back to pivot...allow it to be the signal and ignore EUR/USD for now. break of the pivot would be encouraging...but break of 79 would show some bearish strength. it's been bought at 79 three times already - i can't see it holding for a 4th try.

TraderGirl, Here's a free live chart for the "Germany 30":

http://www.forexpros.com/indices/german ... nced-chart