Cobra's Market View

uempel wrote:

Al_Dente wrote:

uempel wrote:

Cobra wrote:still bulls hopes are double bottom here.

Doesn't your chauffeur take care of your car?

Al, the signal sure is bullish...

99.png

Can’t fight a squeeze to HOD
(although trin disagrees, and nyadv is only 1666)

Close up of SPX noon signal. Note how market action was a bit early. I'm not yet one-hundred percent sure about this trade...

Al_Dente wrote:

uempel wrote:

Al_Dente wrote:

uempel wrote:

Cobra wrote:still bulls hopes are double bottom here.

Doesn't your chauffeur take care of your car?

Al, the signal sure is bullish...

99.png

Can’t fight a squeeze to HOD
(although trin disagrees, and nyadv is only 1666)

Yeah, close up shows that pre-noon action was bullish, afterwards it stalled...

Paging Al Dente re TED:

Just found this, which provides the sophisticated explanation for what I feebly tried to express earlier -

http://ftalphaville.ft.com/blog/2012/05 ... is-spread/

IWM some p-bar action. Where's Mr T to put it in line?

Uemp:
What do you still have behind my nyadv, nydec 1min?
OLD chart, no?
(trin never confirmed bull....yet)

Pivot

trendlines

Update on the noon signal... Lower chart courtesy Al_Dente.

one more push down to exhaustion gap of some kind before a rebound. still too weak, something is missing unless we push up much higher today by the close.

Google after yesterdays ihammer looks quite strong

...........................................................
MUSIC
http://www.youtube.com/watch?v=gMWufclOi9I

BullBear52x wrote:one more push down to exhaustion gap of some kind before a rebound. still too weak, something is missing unless we push up much higher today by the close.

137.54 is limit.
For SPY, a close below 137.54 will result in completion of Tom DeMark’s sequential count with “perfect” setting. For EEM a close below 40.32 will do the same. Completion of this setup can be used to enter a long position. Algoes love this guy. Buyers beware, watch futures after 4PM EST!

Mr. BachNut wrote:Paging Al Dente re TED:
Just found this, which provides the sophisticated explanation for what I feebly tried to express earlier -
http://ftalphaville.ft.com/blog/2012/05 ... is-spread/

thanks Bach, yr explanations are not feeble
u r hungry yes feeble never
(ps I read it but the only thing I understood was: “In other words, the ECB’s deposit rate is now disguising the real stress in the market”
Also, “collateral” problems)
Thnx for link

Mr. BachNut wrote:Paging Al Dente re TED:

Just found this, which provides the sophisticated explanation for what I feebly tried to express earlier -

http://ftalphaville.ft.com/blog/2012/05 ... is-spread/

Nice article BachNut, very bearish implications. I tend to brush aside any thoughts that the market might tank more than 10 percent. I guess the last three years have skewed my brain, not much room for überbearish scenarios in my thinking. An SPX move below 1260/80 would catch me flat-footed.

As to the FT, it's the only paper I enjoy reading. And the lady loves "How to Spend it"...

I don't like this pullback, only proves it's a range day, although chances are there'd be another attempt on the day high.

UNG >17.8 short term buy will continue, me thinks.

QQQ p-bar down to 63.60$
Will the sheisters let it go before Facecrook?

Cobra wrote:I don't like this pullback, only proves it's a range day, although chances are there'd be another attempt on the day high.

Did you fire the chauffeur - because he was not taking care of the car properly?

Last chart for today, bye guys.

uempel wrote:Last chart for today, bye guys.

The attachment 78.png is no longer available

Me too,

Thanks Cobra and everyone, GLTA

yellow special.5min. 144, bulls and bears alike. gtg.