Cobra's Market View

MrMiyagi wrote:Ah.. what the hell...

Thanks Miyagi, your posts make this forum more enjoyable. Nice to know you. Wish you to make a lot of money.

Cobra, please, share your view on Silver / Gold for the next week. Thank you.

well, looks like Canadians predict a SPY gap up tomorrow.

victorm wrote:Cobra, please, share your view on Silver / Gold for the next week. Thank you.

oil, gold and dollar, now I do regular update in my public chart list. You can find them in the very first page.

victorm wrote:

MrMiyagi wrote:Ah.. what the hell...

Thanks Miyagi, your posts make this forum more enjoyable. Nice to know you. Wish you to make a lot of money.

Thanks victor, when I have no chart or observation to post, I go for something silly, smiling is good!

Here is a chart similar to the XSP

Canadian exchanges will be open on November 22 and November 23, 2012 for regular business.

Potential resistance at this level

Cobra wrote:

pezhead9000 wrote:Intel @ support

Hard to say, because your chart is not dividend adjusted, while dividend adjust chart is far from the support yet.

Thanks - didn't realize that options express charts are not adjusted for dividends

http://www.biiwii.com/guest4/kunstler/kunstler54.htm Rethinkin the oil patch intermediate term. Hope ya'll had thanks be given. GLTA

Futures, I see a perfect Rising Wedge. Let's see if indeed it's bearish.

I will be watching two VIX etf:

1. XIV:

The price action is questioning my short-term bearish scenario.

It has established a marginal higher high. The thrust could be justified by a completed Leading Diagonal wave (A). Two consecutive candlesticks above the Bollinger Band are suggesting that the move is a “bit” extended. But if my scenario is the correct one XIV has to reverse quickly to the down side, maybe unfolding a Flat.

2. VXX:

The forceful sell off from the November 15 peak could be the final thrust out of a large Triangle. (A triangle thrust usually unfolds an ending pattern)

ES Globex: Is this the beginning of something bearish ?