Cobra's Market View

TradersF wrote:I'm out. Sold my TZA for 3% profit.

I don't trust this market with elections so close.

Have a good weekend everyone

Nice move, my thinking as well.

i added to AAPL at 615.

i'm adding to AAPL at 580.

per my risk protocol, i'm able to add a final leg at 540.

below 540 i'll be cutting the position.

AAPL: did everyone just return their iphones?

If we close without a last minute rally, there will be a "bearish engulfing" or "dark Cloud" candlestick pattern on almost all US indices, which would be very bearish for next week.

volume surge again, wait.

If you are gonna play the gold diggers, look for the best grades. http://www.nrh.co.il/i/pdf/NRH_Research ... posits.pdf

Looking like bull flag on SPX?

Me XMan wrote:Looking like bull flag on SPX?

that just got confirmed as fast you posted it.

L_T wrote:AAPL: did everyone just return their iphones?

Added $141.65 before I close at EOD.

another target met.

Hopeful little sprout.

now the question really is: will spy close below its yesterday's low?

MrMiyagi wrote:Hopeful little sprout.

What a tease for the bulls

What makes me nervous is that SPX did not manage to break above the 55 and 21..

Al_Dente wrote:

L_T wrote:AAPL: did everyone just return their iphones?

iphone5.png

jarbo456 wrote:i added to AAPL at 615.

i'm adding to AAPL at 580.

per my risk protocol, i'm able to add a final leg at 540.

below 540 i'll be cutting the position.

jarbo: what makes u buy at lower lows?
are you looking at fundamentals or purely technical?
just curious
glad to c a buyer in aapl

Back on the MID Commentary…. There have been 12 ASSAULTS on the 1002 – 1012 area in the last 18 months…..

TWO HAVE BRIEFLY Succeeded – May 2011 and Sept 2012

NINE Have FAILED – Mar 2011, May 2011, July 2011, Mar 2012, Apr 2012, May 2012, Oct 2012 (TWICE – Employment and Opex) and now (at least for today) NOV 2012 –

AMAZING!

-D

Another nice chart!

uempel wrote:What makes me nervous is that SPX did not manage to break above the 55 and 21..

57.png

Our old friend Cougar (@Volpinacci) just posted the following chart showing AAPL is close to his support
Just sharing