Cobra's Market View

Cobra wrote:by the way, anyone knows a good server security provider? Including security monitoring and in case of hack, fix the problem. thanks.

Petsamo wrote:

MrMiyagi wrote:

Petsamo wrote:Let this market fall

Let the blue chips fall where they may...

Da bears are a tease. This bear leg is nothing. They might gap this thing up Monday. China needs to start selling off, dangit !

Mr. T wrote:

Cobra wrote:by the way, anyone knows a good server security provider? Including security monitoring and in case of hack, fix the problem. thanks.

knownhost.com

They are excellent. I think their full managed service offers this.

Jack12 wrote:

Petsamo wrote:

MrMiyagi wrote:

Petsamo wrote:Let this market fall

Let the blue chips fall where they may...

Da bears are a tease. This bear leg is nothing. They might gap this thing up Monday. China needs to start selling off, dangit !

Is that an old fashioned bear flag , or am I seeing things??

Cobra wrote:well, guess that's it for today. Not good for bulls especially the coming Mondays were mostly bearish recently. Thank you guys, I'll see you TOMORROW.

Harapa wrote:

Cobra wrote:well, guess that's it for today. Not good for bulls especially the coming Mondays were mostly bearish recently. Thank you guys, I'll see you TOMORROW.

Thanks Cobra and All Boardies
Have a nice Weekend.

TraderGirl wrote:

daytradingES wrote:

TraderGirl wrote:With all due respect to "Pretzel", I am not sure if his EW counts are correct...it doesn't allow for another low next week, so I have a couple of counts as possibilities...I think that instead of impulsing down, I believe we could be in a double zig zag...??

I am assuming we get new highs somewhere around January before we head down for good...

Edit: One chart give an impulse (5 wave structure) and one give a corrective zig zag structure...I am voting for zig zag...but we will see....

why are you assuming:
" we get new highs somewhere around January before we head down for good."?

Thanks

1. Until the line on XIV critical support is broken, I will not get super bearish...
2. Several Charts I have say another attempt up, whether a higher high or lower high I am unsure, but I assume a higher high..or double top...
3. The last two major corrections in 2000 and 2008 had 3 pushes up before a breakdown occurred..so far we have two in my opinion.
4. There was a critical reversal date on Oct 5-8th, it sent us down...there is another critical reversal date around Oct 31/Nov 1, I believe it will send us up

We will see what happens....

daytradingES wrote:

TraderGirl wrote:

daytradingES wrote:

TraderGirl wrote:With all due respect to "Pretzel", I am not sure if his EW counts are correct...it doesn't allow for another low next week, so I have a couple of counts as possibilities...I think that instead of impulsing down, I believe we could be in a double zig zag...??

I am assuming we get new highs somewhere around January before we head down for good...

Edit: One chart give an impulse (5 wave structure) and one give a corrective zig zag structure...I am voting for zig zag...but we will see....

why are you assuming:
" we get new highs somewhere around January before we head down for good."?

Thanks

1. Until the line on XIV critical support is broken, I will not get super bearish...
2. Several Charts I have say another attempt up, whether a higher high or lower high I am unsure, but I assume a higher high..or double top...
3. The last two major corrections in 2000 and 2008 had 3 pushes up before a breakdown occurred..so far we have two in my opinion.
4. There was a critical reversal date on Oct 5-8th, it sent us down...there is another critical reversal date around Oct 31/Nov 1, I believe it will send us up

We will see what happens....

Thank-you TG

It was to point #2 that I was more directly asking. You said in the first post "higher highs" and in #2 you say
" but I assume a higher high..or double top..." So it is to this point I was asking.

1. When you say : "" but I assume a higher high..or double top..." is that to Sept 14 high 1476 area or to Oct 2007 high of 1576 area ? Which top?

2. To which ever (2012 top of 2007 top) why do you assume your estimated new high will be higher?

Attached : 3 up segments or 2 up and third to be completed

Thanks again.