Cobra's Market View

Cobra wrote:forgot to say, the very 1st target has been met. I really don't believe yet again the dip is bought, so I'll assume the 2nd target is still possible at least the morning low gets revisited.

would there be a target for this bounce -- a short the rip type spot?

Cobra wrote:forgot to say, the very 1st target has been met. I really don't believe yet again the dip is bought, so I'll assume the 2nd target is still possible at least the morning low gets revisited.

being bought aggressively now. bears failure again?

Simplify

Europe ETFs start to rally on that news (except Austria/downgrade, EWO is not on this chart)
http://stockcharts.com/h-sc/ui?s=EWG&p= ... =252930266

there are bears and there are lazy bears.

this one looks like "LAZY" ... they already went to hibernation after 1.5hrs work. .. dyam... i am putting stop on my shorts @1285-1286SPY.. { just to be safe ]

master cobra,
if we have a good bounce today it might not be bad for bulls. right?

Nevermind, VXX failed to breakout. Financials squeezing

Al_Dente wrote:Baron von Baron
Look how much “cleaner” the internals show on the Qs one min
http://stockcharts.com/h-sc/ui?s=QQQ&p= ... =253691130

Nice, I set up AM, NY, NA they are nice tools, but I can not come up anything good for DJI do you have anything for it? I know, no time, this weekend will be fine.

newbie_77 wrote:there are bears and there are lazy bears.

this one looks like "LAZY" ... they already went to hibernation after 1.5hrs work. .. dyam... i am putting stop on my shorts @1285-1286SPY.. { just to be safe ]

master cobra,
if we have a good bounce today it might not be bad for bulls. right?

bounce is definitely more than i expected --- declining issues still >2000. what say you Al Dente about internals?

stucap wrote:

Cobra wrote:forgot to say, the very 1st target has been met. I really don't believe yet again the dip is bought, so I'll assume the 2nd target is still possible at least the morning low gets revisited.

would there be a target for this bounce -- a short the rip type spot?

I see Gandalf holding his staff at $128.47 and said "you shall not pass"

vxx just failed hard on that hourly breakout

wow...are you f'n kidding me right now.

tdo722 wrote:

stucap wrote:

Cobra wrote:forgot to say, the very 1st target has been met. I really don't believe yet again the dip is bought, so I'll assume the 2nd target is still possible at least the morning low gets revisited.

would there be a target for this bounce -- a short the rip type spot?

I see Gandalf holding his staff at $128.47 and said "you shall not pass"

OKay, Gandalf just ran back to $128.70. haha...

Some fibs on the 1 minute SPX and VIX

heavenskrow wrote:vxx just failed hard on that hourly breakout

Naked bar on VXX hourly candle. that looks like a blow off top candle. I'll buy XIV after this hour candle is complete to confirm.

bears definitely not a winner today...as of yet.

AUD/JPY still back in that range...just a magnet for the price...and while in the box, it's just chop chop for weak bulls and lazy bears...

So who gets the downgrades today in Europe? 3PM is the fun time!!!

jarbo456 wrote:bears definitely not a winner today...as of yet.

AUD/JPY still back in that range...just a magnet for the price...and while in the box, it's just chop chop for weak bulls and lazy bears...

That looks like a complex H&S top.

tdo722 wrote:

jarbo456 wrote:bears definitely not a winner today...as of yet.

AUD/JPY still back in that range...just a magnet for the price...and while in the box, it's just chop chop for weak bulls and lazy bears...

That looks like a complex H&S top.

Forgot to mention, a complexe H&S top has a very high success rate. Thanks for showing that chart, otherwise I wouldn't know.

key time. I really don't believe the dip is bought again today. come on, cannot we have something new today?

Playing both sides today...just went short with stop at the gap.