Cobra's Market View

triangle for the rest of the day? or major break down?...red & blue

Cobra wrote:

fulkdaddy wrote:Cobra, you always say the DOW leads...it is the 1st to break the Wednesday low...look out below???

but indu didn't drop below its 09/13 low yet while SPX already did, so it might not mean anything here.

Market trying to setup a double bottom here, though I think it will fail.

noob wrote:

Cobra wrote:

fulkdaddy wrote:Cobra, you always say the DOW leads...it is the 1st to break the Wednesday low...look out below???

but indu didn't drop below its 09/13 low yet while SPX already did, so it might not mean anything here.

Market trying to setup a double bottom here, though I think it will fail.

At least, that's what we hope...

positive divergence for SPY, lets do it bulls.

noob wrote:

Cobra wrote:

fulkdaddy wrote:Cobra, you always say the DOW leads...it is the 1st to break the Wednesday low...look out below???

but indu didn't drop below its 09/13 low yet while SPX already did, so it might not mean anything here.

Market trying to setup a double bottom here, though I think it will fail.

copper and crude say BTFD

This will be last buy the dips for intraday bulls.

stucap wrote:

noob wrote:

Cobra wrote:

fulkdaddy wrote:Cobra, you always say the DOW leads...it is the 1st to break the Wednesday low...look out below???

but indu didn't drop below its 09/13 low yet while SPX already did, so it might not mean anything here.

Market trying to setup a double bottom here, though I think it will fail.

copper and crude say BTFD

Why? Don't see any BTFD signs.

Cobra wrote:

fulkdaddy wrote:Cobra, you always say the DOW leads...it is the 1st to break the Wednesday low...look out below???

but indu didn't drop below its 09/13 low yet while SPX already did, so it might not mean anything here.

Great observation, that is why you are the "Cobra"! Thanks for the insight.

Market Neutral.
Yesterday cleared oversold conditions but left one of my signals on sell (low quality) and one on neutral.
May have clarity at the close today. Looking bearish at the moment.

I'm expecting flush after 12pm, then probably long on Monday...

noob wrote:

stucap wrote:

noob wrote:

Cobra wrote:

fulkdaddy wrote:Cobra, you always say the DOW leads...it is the 1st to break the Wednesday low...look out below???

but indu didn't drop below its 09/13 low yet while SPX already did, so it might not mean anything here.

Market trying to setup a double bottom here, though I think it will fail.

copper and crude say BTFD

Why? Don't see any BTFD signs.

CL and HG are both green. CL holding support at 91.60 and challenging resi at 92.00. HG broke out of bull flag yesterday and made successful retest of broken flag overnight. Both CL and HG did not confirm the second low on the SPX/ES. Furthermore, they are both holding very stubborn choosing to fight resistance every chance they get rather than test support. I find that HG/CL generally lead rather than follow and they are saying buy (for now).

Gonna bail if SPY can't get up over $143.80

BullBear52x wrote:This will be last buy the dips for intraday bulls.

BullBear52x wrote:

KeiZai wrote:Euro big squeeze fired, that´s very strong guys - very bullish 4 dollar big impulsive strength into dollar!!

UUP from my corner. take off early for a beer?

Euro is very heavy if he breaks yesterdays low minimum target is 1.26 before any bounce (what looks very likely atm)

I am bullish dollar now, in my opinion it´s just a matter of time when something big will happen...Spain could be the fuse, it's getting hot out there http://www.youtube.com/watch?v=UDCRgqsp ... verified=1


Flat in silver btw

Daily ATR looks to bounce around SPY 139 should Oct bring rain. (ATR 20)

There is talk of a Spanish downgrade by Moody's after hours tonight....

That action could match the charts I have for a potential down into Monday...looks like we need to see this wave 5 complete itself...

The turns worked out very well this week Monday, Weds and Thurs...Monday turned down into Weds, then turned up into Thurs, Thurs turned down into Friday....the next turn is on Monday....but there could be a turn after wave 5 is finished...

KeiZai wrote:

BullBear52x wrote:

KeiZai wrote:Euro big squeeze fired, that´s very strong guys - very bullish 4 dollar big impulsive strength into dollar!!

UUP from my corner. take off early for a beer?

Euro is very heavy if he breaks yesterdays low minimum target is 1.26 before any bounce (what looks very likely atm)

I am bullish dollar now, in my opinion it´s just a matter of time when something big will happen...Spain could be the fuse, it's getting hot out there http://www.youtube.com/watch?v=UDCRgqsp ... verified=1


Flat in silver btw

Wow, I don't see that on US TV. I thought we've better off than 4 years ago.

Check out TMF...little breakout attempt...

Me XMan wrote:RIMM Anyone watching it? Hanging at $8 now. Watching how it closes today and volume.

You said yesterday you wanted it above $8. Well, did you buy ?

looking at dollar there are no sign of intraday reversal, there is a lot of room on the upside
trin keep increasing since the open after 2 days without shorts

i think 1430 spx to watch, then 1415/1417

Kena and Dr. Al: Thoughts on CORN. Did it break your dome this morning?