Cobra's Market View

I'm Getting a list of stocks that may be good buys for long positions when the mkt settles out for the year end up move( if that ever happens).A lot of leaders and others are PBOH and are getting ready to move up.This dn move may be short lived for only a few more days.Lets see

Cobra wrote:although a little too early to call this before the green line below broken, I believe this is the 2nd leg down (finally), tinted area is the target.

It should be more impulsive. Ofcourse we atleast are slightly away from 1256. But this should have been steeper similar to morning fall. So I am still not convinced.

incognitouser wrote:

BullBear52x wrote:If the intention is to tap the bears here, I don't see it, see internal here.

can you explain how to read this graph?
thanks!

focus on ma band crossed 200ma and RSI 50 line.

Cobra wrote:

xfradnex wrote:

Cobra wrote:target, 75% chances even it's failed, within day or two, here, will be revisited.

Cobra, Your target was met from this morning . Do you have another odds call. Thank you.

don't buy today's close. chances are you'll regret.

I don't need any more of those. Thanks.

Cobra wrote:

xfradnex wrote:

Cobra wrote:target, 75% chances even it's failed, within day or two, here, will be revisited.

Cobra, Your target was met from this morning . Do you have another odds call. Thank you.

don't buy today's close. chances are you'll regret.

I almost want to short but my fear is that the Greek and Italian PM resign over the weekend and everyone thinks the problem is over and we spike on Monday.

1240-45 bears. 1255+ bulls. In the middle, Europe decides.

waverider wrote:I ...I think BullBears' Idea of shorting below 124.4 is a good one.

In any case, IT WORKED
But here’s what I mean http://stockcharts.com/h-sc/ui?s=$NYDEC ... =246211365

pady wrote:

Cobra wrote:although a little too early to call this before the green line below broken, I believe this is the 2nd leg down (finally), tinted area is the target.

It should be more impulsive. Ofcourse we atleast are slightly away from 1256. But this should have been steeper similar to morning fall. So I am still not convinced.

Pady, what do you think of the idea that if bulls don't break 1258 then this is the end of wave 2?

dcurban1 wrote:

Cobra wrote:

xfradnex wrote:

Cobra wrote:target, 75% chances even it's failed, within day or two, here, will be revisited.

Cobra, Your target was met from this morning . Do you have another odds call. Thank you.

don't buy today's close. chances are you'll regret.

I almost want to short but my fear is that the Greek and Italian PM resign over the weekend and everyone thinks the problem is over and we spike on Monday.

Exactly... that´s the same with me.

Cobra wrote:key time, breakdown would be double top.

somebody tries REALLY hard to keep things from falling apart:

There is always something to worry about... watch the chart and the serious low volume top test.

closed my UUP position at 3 pennies gained, everything is consolidating and vix is dropping. screw this.

remember, 90% chances Open > Close today, so the close should below the dashed line. let's see.

mac769 wrote:

Cobra wrote:key time, breakdown would be double top.

somebody tries REALLY hard to keep things from falling apart:

iranian horse trainers

Cobra, does this mean you are bearish? Thanks!

Cobra wrote:

xfradnex wrote:

Cobra wrote:target, 75% chances even it's failed, within day or two, here, will be revisited.

Cobra, Your target was met from this morning . Do you have another odds call. Thank you.

don't buy today's close. chances are you'll regret.

Richarab wrote:

mac769 wrote:

Cobra wrote:key time, breakdown would be double top.

somebody tries REALLY hard to keep things from falling apart:

iranian horse trainers

Farsi?

CognitiveDissonance wrote:

pady wrote:

Cobra wrote:although a little too early to call this before the green line below broken, I believe this is the 2nd leg down (finally), tinted area is the target.

It should be more impulsive. Ofcourse we atleast are slightly away from 1256. But this should have been steeper similar to morning fall. So I am still not convinced.

Pady, what do you think of the idea that if bulls don't break 1258 then this is the end of wave 2?

That's my Primary count. Wave 2 up correction heading toward Wave 3...so I guess we gap down strong on Monday...We had a tiny Wave 1 for A. though this one is even smaller...so I won't put all my eggs in the bear basket...

Update

EURUSD http://99ercharts.blogspot.com/2011/11/eurusd_6923.html

"C'est la vie."

Cobra wrote:remember, 90% chances Open > Close today, so the close should below the dashed line. let's see.

they are trying very hard to break your 90% rule!

Al_Dente wrote:

waverider wrote:I ...I think BullBears' Idea of shorting below 124.4 is a good one.

In any case, IT WORKED
But here’s what I mean http://stockcharts.com/h-sc/ui?s=$NYDEC ... =246211365

Oh, thanks for the clarification Al, that makes sense.