Cobra's Market View

How to identify bear scat.... aka bear droppings....

Mr. BachNut wrote:Lasertrader just noted the formation of a rare English Pointer Pattern on Twitter. He says watch which way the nose goes to gauge the market.
I could not find this pattern in Bulkowski's guide.

Fresh view
THIRTY MINUTE spy/internals look, at yest close
http://stockcharts.com/h-sc/ui?s=SPY&p= ... =244841848
Someone please post the name of the classic TA genius who said that after the third or fourth time u “fan out” the uptrend line, the big drop is imminent .
No joke, am serious, I forget whose “rule” that was, and want to refresh/study it again

PS: Mr Bachnut

Right or wrong sold my hedge for breakfast money..My swing trades are all in the green so far but as we all know that can change fast.Good trading to all today..To many alerts out today to be a bad day. Lets see.

Hello Traders, we are about to enter the Red light district please behave and bring along protection as much as neccessary

i am tired of not being able to short GLD. Fidelity sucks as a broker.

Wow, my boom did not work out. Went south instead of north Have not yet closed position, but...

Love that.

Mr. BachNut wrote:Lasertrader just noted the formation of a rare English Pointer Pattern on Twitter. He says watch which way the nose goes to gauge the market.
I could not find this pattern in Bulkowski's guide.

well, it's time to check my sharp reversal theory now, we should not get the reversal today.

S-triangle breakdown?

Cobra wrote:well, it's time to check my sharp reversal theory now, we should get the reversal today.

I thought, you said we better not hope again for reversal if we go down?

RUT
http://99ercharts.blogspot.com/2011/11/rut_17.html

Wheeeee!

Cobra wrote:well, it's time to check my sharp reversal theory now, we should get the reversal today.

i think the magic words are..."this should be two legged down".

SPX Triangles ideas not in a good shape

support.

BullBear52x wrote:Hello Traders, we are about to enter the Red light district please behave and bring along protection as much as neccessaty

red-light-district.jpg

spy.JPG

Intraday (not a grizzly opening, but a decent teddy)
http://stockcharts.com/h-sc/ui?s=SPY&p= ... listNum=15

BullBear52x wrote:Hello Traders, we are about to enter the Red light district please behave and bring along protection as much as neccessary

red-light-district.jpg

spy.JPG

Forgot bring the raincoats, I am naked bear.

normally, this kind of pullback should be 2 legged. Well, I know you can use my this comment as a buy signal.

BullBear52x wrote:Hello Traders, we are about to enter the Red light district please behave and bring along protection as much as neccessaty

red-light-district.jpg

spy.JPG

What I think does not mean anything but I don't belive the mkt will breakout dn..To many leaders waiting to break out..Now lets waite and see the direction.

GMCR up 35% since Friday morning (11-11-2011), what a game