Cobra's Market View

MrMiyagi wrote:
Triangles... breakout either side, is that it?

What are you talking about?!?!?
Nowdays Triangles... break out only UP!

I watch SOXL sometimes for market turns...count doesn't look impulsive...abc formation...nearing resistance, nearing potential end of wave count, and getting neg d....

jabberstoxx wrote:

jabberstoxx wrote:

Nrsimha wrote:

MrMiyagi wrote:Crikey!
This is just gonna keep going higher and higher, innit?

If your time horizon is longer than a few weeks and you believe what the charts are telling (as opposed to what ZeroHedge thinks is happening), and that IS a big "if", then you will notice, sir, that there are an awful lot of bullish crossovers in the works (e.g. 10 week/20 week). So if u trade strictly by chart technicals, then yup, u should be bullish.

If your time horizon is longer than a few weeks and you believe what the charts are telling (as opposed to what ZeroHedge thinks is happening), and that IS a big "if", then you will notice, sir, that there are an awful lot of bullish crossovers in the works (e.g. 10 week/20 week). So if u trade strictly by chart technicals, then yup, u should be bullish.

at best technicals are mixed.........there are more topping patterns than I can count........negative divergence all over the place.........overbought territory

If one goes with the odds they would fall under a bearish scenario......If you base this on risk.....the risk reward is much better on the bear side........so I really

dont see how one can be bullish.........again that doesnt mean we cant or wont go higher.......but I always side with the odds..... that being said I never get married to any outlook(bad for the accounts)

Exactly, jabberstoxx, the caveat is that all of these crossovers were produced on low volume on so-called 'BS' (Merkel, Draghi comments, etc.,) What worries me now is exactly your comment <<dont see how one can be bullish.....>>. That seems to be what everyone is thinking ---- the very fact that a lot of people on this board find the bullish headlines that Myagi posted to be a bearish contrarion indicator --- it is almost like it is contrarion of contrarion (a double negative) and the fact that there have been a lot of outflows from ETFs here at this point in the market. Howver, to your credit, I WILL say that SPY and $spx have led and $RUT, etc., have been reluctantly pulled into this rally --- it is seeming like this "buy high-dividend stocks trade" (a la Jim Craemer) is becoming a CROWDED trade !!

PAGING “HEY LITTLE COBRA” …. we need wake up call …. or else… candy maybe
http://www.youtube.com/watch?v=oc6FmZCT ... re=related

Al_Dente wrote:

Mr. T wrote:

Al_Dente wrote:So there u have it....

He called that last week. It's based on his analysis of the presidential election cycle.
So you think he's dead wrong eh?

I don’t believe anyone anymore except Cobra
ps Mr .T: will this market ever go down ever again?

Answer = Never!!!!

paging BB52X

The VIX (daily, 5 min) call in your yesterday afternoon update seems invalidated now as we have lower lows printed , may be we could expect more upside on equities before seeing any correction!!!! your suggestions; I see you are looking for a minor correction , wondering if you can share more insights on your sell signal

oy that triangle.......she be squeezing .......on the upside

Apple new high

5min is alike VIX monthly. sheesh

TZA nearing trendline....seeing some pos d....need to see support hold....IMHO...
edit: sorry wrong chart...

it is NOT the bots that r buying

This is the END!!!! The bears are all dead........ Ben stands supreme as master of the universe!!!!!!

Take that Skeletor!!!

IWM is close to previous high of the past 2 months, just shy of $82

knock wrote:5min is alike VIX monthly. sheesh

what does that mean knock.........thx

Selloff to the close at POWER HOUR?
Maybe sheisters won't want to hold through the weekend.

By the way, I have trademarked POWER HOUR in all its variations, you have to pay me 10$ each use.

i just felt that VIX monthly chart looks similar to the es 5min right now.

never mind. just the shape of the 3 spikes.

MrMiyagi wrote:Maybe sheisters won't want to hold through the weekend.

The Germans don't have a problem holding over the weekend. Why should US ?

knock wrote:i just felt that VIX monthly chart looks similar to the es 5min right now.
never mind. just the shape of the 3 spikes.

got it...THANKS

breakout on the upside but I don't read it as significant, so still nothing to say.

MrMiyagi wrote:........By the way, I have trademarked POWER HOUR in all its variations, you have to pay me 10$ each use.

Sooooooo……. in other words……… YOU are the sheister here