Cobra's Market View

shumushu wrote:Folks, this morning's breadth is terrible, -1000 ticks, -500 on the ADVN-DECN. Bears in control

Thanks for that tip!

Rumors of downgrading Germany!

KENA wrote:

JJS612 wrote:

rola wrote:DAX DOWN 4 %!!!!

It hit 5.3% down for a few moments - over 300 points in less than 15 mins.

Is there any news as to why..I can't find any.???

probably HFT bots.

thank god for trailing stop - amazing short trade in the DAX

g.

cougar

I ordered a new expresso machine (like yours) and will be focusing on that starting this weekend. Perhaps you could join me in the Weekend Watering Hole; perhaps you could help me with Fivolpanacci. Thanks!

[quote="varaamo"]I see quite a reference to phantom bars. I am new to it. Could anyone tell me it's candlestick definition. Or is it just a visible cue?

It's not a formal or official technical signal. It is simply what appears to be an abberation on the charts, which - these days - appears quite frequently. Essentially it amounts to a candlestick bar shooting either much higher or lower than the tick shows. In other words, the candle will show a sudden extreme price change which isn't reflected on the index...and it stays there. Any clearer?
GL.
A

varaamo wrote:I see quite a reference to phantom bars. I am new to it. Could anyone tell me it's candlestick definition. Or is it just a visible cue?

Anaconda wrote:

trust_yr_instinct wrote:

Anaconda wrote:I just shorted the most reliable signal I know. Can you recognize it?

seriously!!!!

is that a phantom bar I m seeing ??? cuz that is HUGE to the down if it is???

If my eyes don't deceive me, that's exactly what it is. I went balls to the wall and shorted SPY at 118.70.

It is an unusually long tail on a candlestick compared to other candlesticks around it.

thar we go...

99er wrote:cougar

I ordered a new expresso machine (like yours) and will be focusing on that starting this weekend. Perhaps you could join me in the Weekend Watering Hole; perhaps you could help me with Fivolpanacci. Thanks!

It will be my pleasure! I'll do it!

Hi Cobra,

I'm wondering why you thought the up move this morning wasn't sustainable. Thanks in advance, your blog has been a tremendous resource for learning!

Paging Tabby...
SPX http://99ercharts.blogspot.com/2011/08/spx_7276.html

we still have higher high and high low. so until yesterday's low is broken, bulls are just doing fine...Bears are trying hard though...

99er wrote:Paging Tabby...
SPX http://99ercharts.blogspot.com/2011/08/spx_7276.html

massive head-fake? i hope so. need that second hourly to close below.

cougar

Thanks a million. Just don't know whether the funding will be completed but I hope by close of business on Friday. Grazie!

Cobra wrote:

shumushu wrote:

Cobra wrote:Europe is celebrating the deal too, oh, wait a minue, may be I should put the chart upside down?

hahah, well said. What is interesting is that it is hard to believe market would even react this way to stupid news like 5Billion buffet etc..

tell your farther, don't visit wenxuecity anymore, instead he can drop by my site at hutong9.net.

I checked the wenxuecity, some of them kept saying that I was wrong most of the time and my statistics are useless. All in all I'm the worst ever analyst. All my hard working analysis is no match with their single word shouted in every few days. I was very offended. And I'm very confident if my analysis is this bad, then how come I have a 40,000 unique IP visitors every month? Does that mean you guys are idiot (since I'm the worst ever)?

Strongly support Cobra

Trendline break, possible H&S or awkward double top?

can not break out, bad sign, sell until the third try if it will come.

Important July trendline breached this morning, briefly, before snap-back. I know this may surprise some, but I think we're going much lower. GL.

99er wrote:Paging Tabby...
SPX http://99ercharts.blogspot.com/2011/08/spx_7276.html

99er,
10-4
paging 99er,
10-24

What time is Ben's speech tomorrow?

APPLE is down "only" 1,7 %, it looks they don t need Steve too much