Cobra's Market View

symmetrical triangle. prevailing short term trend is down...but knowing how these things pan out, wouldn't be surprised to see the break to the upside.

triangle I see. the bias is down.

patient...patient...

SB73 wrote:Bears look totally punchless...broke triangle, backtested triangle, setup bull flag and absolutely nothing. I am out waiting to see if they can get their game together.

stockcycle wrote:

stockcycle wrote:I begin to short. Don't know can find ally or not?

May be this morning-low can be revisited.

Say again: May be it's worst call. Boring day!

It is rare that I look at charts and prices and have NO IDEA what direction is next, even the next 5 minutes.

uempel wrote:

CognitiveDissonance wrote:

uempel wrote:Update, next change of direction at the green vertical.

The attachment h.png is no longer available

uempel, do you see anything around Nov. 24 using Gann? I'm curious bc a trader I know swears that there will be a significant reversal then. I'm not too handy with Gann so I'm curious.

Thanks

CD

I posted this on Cobra's blog in early morning. It ain't Gann, it's what I call a Fuzzy, shows some strong move next week, d'ont know the direction yet. (I've been focussing on these charts lately and right now I don't have the time to check out Gannish grids - perhaps later (I'd post it to you directly).

The attachment gg.png is no longer available

if mr market does not decide to follow the lines, the green day is gone really soon

wow is this really happening ? are we really going down? i still don't believe it sold out of crude for now and am flat...

TICK TICK TICK


Latest EURO TIMELINE(BOMB) from MNI

EUROZONE: Timeline of key events in the eurozone for next few weeks:

- Nov 17 Greek debt chief & bond holders meet for PSI agreement

- Nov 17 EU Barroso, Barnier & Almunia speak in Brussels

- Nov 17 Belgium T-bill redemption for E6.423bln

- Nov 18 Greek T-bill redemption for E1.6bln

- Nov 18 Spain T-bill redemption for E6.204bln

- Nov 18 ECB President Draghi speaks in Frankfurt

- Nov 20 Spain General Election

- Nov 21 Greek PM Papademos to meet with EU Van Rompuy & Barroso

- Nov 21 Portugal year-to-date Budget report

- Nov 22 Spain sells 3-/6-month T-bills

- Nov 23 EU Rehn issues consultation paper on euro bonds

- Nov 25 Portugal parliament discusses 2012 budget

- Nov 28 Belgium OLO bond auctions

- Nov 28 EU-US Summit in Washington

- Nov 29 Eurogroup meeting

Source: MNI

descending triangle of height 0.7 forming in SPY.

This LL transition will be another battle field, see RSI on this hourly chart, bulls will risk here and bears will attack soon it breaks.

BullBear52x wrote:Dr.Al introduce Stafani Gwen this morning, well, she is one hell of a good singer.
http://www.youtube.com/watch?v=TR3Vdo5e ... ure=relmfu

‘bout time, i like early gwen, she’s a mama now, everybody grows up, ‘cept u
U see any reason to cover here yet, providing we can break beow doub bott?
http://stockcharts.com/h-sc/ui?s=SPY&p= ... =247748592

ES Day session range estimate is 1203-1233. Ms. market will take a peek below its November 1 low at 1208.50 and possibly rally without heavy volume.

Al_Dente wrote:

BullBear52x wrote:Dr.Al introduce Stafani Gwen this morning, well, she is one hell of a good singer.
http://www.youtube.com/watch?v=TR3Vdo5e ... ure=relmfu

‘bout time, i like early gwen, she’s a mama now, everybody grows up, ‘cept u
U see any reason to cover here yet, providing we can break beow doub bott?
http://stockcharts.com/h-sc/ui?s=SPY&p= ... =247748592

referred to my yellow line, I will let it runs unless another trade back over that last yellow line, I will cover.

hi cobra,
are we forming a double bottom? [ spy did not touch the low of the day seems to have bounced off 123.03 ]

KABOOM!

rpccharts wrote:TICK TICK TICK


Latest EURO TIMELINE(BOMB) from MNI

EUROZONE: Timeline of key events in the eurozone for next few weeks:

- Nov 17 Greek debt chief & bond holders meet for PSI agreement

- Nov 17 EU Barroso, Barnier & Almunia speak in Brussels

- Nov 17 Belgium T-bill redemption for E6.423bln

- Nov 18 Greek T-bill redemption for E1.6bln

- Nov 18 Spain T-bill redemption for E6.204bln

- Nov 18 ECB President Draghi speaks in Frankfurt

- Nov 20 Spain General Election

- Nov 21 Greek PM Papademos to meet with EU Van Rompuy & Barroso

- Nov 21 Portugal year-to-date Budget report

- Nov 22 Spain sells 3-/6-month T-bills

- Nov 23 EU Rehn issues consultation paper on euro bonds

- Nov 25 Portugal parliament discusses 2012 budget

- Nov 28 Belgium OLO bond auctions

- Nov 28 EU-US Summit in Washington

- Nov 29 Eurogroup meeting

Source: MNI

Betty Lou/Bloomberg keeps complaining about how bad the protestors “smell”.
Could one of u guys in mid/lower manhattan take one for the team and deliver some deoderant to Betty.
While yr there, stop in my fav “The Vault” restaurant (is that still open?), check their antique safe-deposit boxes... and post some juicy short sale news for us, please.

RaRNAn my s&p Eller last night. 94 matchs over 10000 days. next day 27 days gap up no fill. 17 days gap down no fill. Avg oh 1.2%. avg ol .8%, avg oc .2%

here is my update chart now.

I've closed my short and taking a small long here, being aggressive.

Maybe we have a tripple dailey bottom.Lets see..Things change fast.