Cobra's Market View

Doesn't the market know that now the politicians can say "Look at the market; it isn't worried about the Fiscal Cliff." IMO - The rally gives politicians the ability to dig deeper into their respective positions.

skittlesmds wrote:

daytradingES wrote:anybody got something bearish to post?

or a joke?
...:}
I here the Fiscal Cliff is now a sure thing.
You heard the rumour here first!

SPX Daily.jpg

This is what I am watching on the daily. I have to watch the upper trendline to see if it is bearish.

I don't like the look of that chart skittles upward lines an all
- have you switched to the dark side?

anyone.
If I would want to create a chart for SPY in euros, can I use SPY:$XEU in stockcharts ?
tnx

Red red,,,,

daytradingES wrote:

skittlesmds wrote:

daytradingES wrote:anybody got something bearish to post?

or a joke?
...:}
I here the Fiscal Cliff is now a sure thing.
You heard the rumour here first!

SPX Daily.jpg

This is what I am watching on the daily. I have to watch the upper trendline to see if it is bearish.

I don't like the look of that chart skittles upward lines an all
- have you switched to the dark side?

Just being cautious and all. I can change my mind when conditions change. ..... I'm waiting for tomorrow to make any moves.

I am very curious about tomorrow´s AAII survey, will it be over 50?

Cobra,

Do you still maintain the 12/05 call that whatever up and up thereafter will be erased on the 1st down day?

VXX: Going forward a good indicator of the sustainability of SPX corrective move

hey all. happy holidays by the way. wondering if anybody would be so kind as to post an updated market mapping to the three peaks domed house setup...? feels like we must be getting close to the end of that particular interim rally

THANKS

straws...

daytradingES wrote:

essessme wrote:
Large bearish divergence continues to build in cumulative tick (red line lower pane) but first 1448 with non ratio adjusted nymo staying under 180 (current read 120) to see a decline get started

I don't understand a bit of it - but if it means DOWN I'm all for it !!!
(BTW all the lines are going up - a mistake - right??)

red cumulative tick lower highs against higher highs in price - bear divergence
but resistance is open up into target of 1448 - bears want a/d oscillator to fail below 180 top pane of first chart
sorry nothing that points to immediately bearish...

gnikolaou wrote:Cobra,

Do you still maintain the 12/05 call that whatever up and up thereafter will be erased on the 1st down day?

That would be one heck of a red candle.

Downtown...

'' whatever up and up and thereafter......'' doesnt mean much , he was saying samething during june rally and saying june low will be revisited , i am still waiting.

support. I'm not happy with this pullback, shouldn't happen on a strong uptrend day.

H2 long on EMA20, let's see. volume surge, biggest bar so should see a rebound of some kind here first.

The "fiscal cliff" is a joke; it can't be address. Taxes will go up and spending will go down; unless Obama gets the unthinkable. Which is what he asked for; the elimination of the debt ceiling. Otherwise regardless of any deal; spending will be capped and austerity hits the US. Seeing the big picture Obama wants the only thing to keep the game alive and wallstreet hopes right along with him. Problem is it will not happen. Then you will see a crash; not a correction because there are no other options to keep spending 46 cents out of every dollar using borrowed money. Sorry for the lack of technical analysis.

tradematti wrote:'' whatever up and up and thereafter......'' doesnt mean much , he was saying samething during june rally and saying june low will be revisited , i am still waiting.

I don't have time to argue with you. Here's the chart I said when a high low was formed. See for yourself.

SigmaEcho wrote:anyone.
If I would want to create a chart for SPY in euros, can I use SPY:$XEU in stockcharts ?
tnx

yes
also try SPY:$XED

gnikolaou wrote:Cobra,

Do you still maintain the 12/05 call that whatever up and up thereafter will be erased on the 1st down day?

Please don't ask such a question here. Now we have intra-day update for members only, you can ask there.

Basically, what I provided was statistics, 12/05, 12/06, and 12/07, all 3 statistics providing about 70% chances, so you figure out the chances. I think odds are high at least one might be fulfilled.