Cobra's Market View

vol surge, might mean pullback here first which likely would be bought. I began to believe that this market will never ever go down anymore.

MrMiyagi wrote:TRIN is at 0.46.

Typically at these levels market reverses course in the next 1-2 days.

Of course we are not in "normal" mode anymore and unless Draghi or Jan-Jan say something utterly devastation on Friday, then all signals are broken until further notice.

From my observations it seems that the higher we go the more broke the entire market becomes ......... I suppose that is what happens in a manipulated environment when only one outcome is allowed.

alegria wrote:

quientuves wrote:So, welcome Alegría...!

thanks nice to be here $$$$$

welcome aboard!

Cobra wrote:vol surge, might mean pullback here first which likely would be bought. I began to believe that this market will never ever go down anymore.

If even you believe the market will never go down, the end is near

The ship will never go down, history never lies !

Cobra wrote:vol surge, might mean pullback here first which likely would be bought. I began to believe that this market will never ever go down anymore.

Are we at euphoria yet?

JFR wrote:

Cobra wrote:vol surge, might mean pullback here first which likely would be bought. I began to believe that this market will never ever go down anymore.

Are we at euphoria yet?

Maybe not. We need wait until everyone (on the bus, at corner sore, during lunch) asking about: have you bought this or that stock, then there're still a few months or even years to go!!!

20 years ...

Thank god for world peace, full employment, and stable non-interventionist monetary policy ............................... DOH !!

My understanding is that mutual funds were not allowed to go short. And yet, with inverse ETFs that would be possible. Are mutuals allowed to buy inverse ETFs? I am just wondering, as I have never, and never will put money in a mutual fund. But they obviously affect the market.

Oh yes, I am ready for a market crash. LOL

... sorry for the edits ...

Daily. Fractal. Ichi conversion cross base @ the arrows. Price can jump way up there over the cloud, but momentum (not shown) is weakening. Need see more days.

well, guess that's it for today. Thursday tomorrow has no apparent bull edge which is the most bears can hope now. Thank you guys, I'll see you tomorrow.

before the close, please take a little time to vote for me, thanks. https://stockcharts.com/public/1684859/tenpp

We're about 10 candles off the bottom. In the vast majority of cases, we don't even set a short term top until 15-20 candles off the bottom. Medium term tops can get installed 70 candles after the bottom.

But, once in a while, a short term top can arrive sooner. That's all bears are clinging to at this point.