Cobra's Market View

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Don't know what pattern it is now, stuck in a range so guess pretty boring day. Market waiting for FOMC on Jan 28?

members only update starts here: http://www.cobrasmarketview.com/2014/01 ... ay-update/

GM,


DAX is in the rectangle still could be a wave4 but DAX loves this kind of distributions with breakdown (see august) so we have to wait and see
To the ES: 1-2 count was invalidated so it was an ABC, there was a reaction off 50back so bulls are not looking bad in ST, but I am neutral viewtopic.php?f=2&t=1186&p=152561#p152561

ES numbers as i see it this morning.. day 15 of the mish-mash. since tomorrow seasonals turn up ,hopefully today may end it

oops! I mislabled my chart. thats a high , not a low coming shortly after 10:amest...sorry

Vote Cobra. glta

Fun fact of the day..."According to David Bianco, S&P 500 corrections of 10% or more, including those that turn into bear markets, have happened every 1.5 years or 357 trading days on average since 1957.".. Its now been 589 days since the last 10% correction..

koolblue wrote:Fun fact of the day..."According to David Bianco, S&P 500 corrections of 10% or more, including those that turn into bear markets, have happened every 1.5 years or 357 trading days on average since 1957.".. Its now been 589 days since the last 10% correction..

That's like we have at least 1 recession every decade, we're 4 years into this decade with out one, and no recession in over 5 years, so we are due. But we could also go another 3-4 years without a recession and it wouldn't be that far out of the norm historically.

Keep at it until it fails.

DellGriffith wrote:

koolblue wrote:Fun fact of the day..."According to David Bianco, S&P 500 corrections of 10% or more, including those that turn into bear markets, have happened every 1.5 years or 357 trading days on average since 1957.".. Its now been 589 days since the last 10% correction..

That's like we have at least 1 recession every decade, we're 4 years into this decade with out one, and no recession in over 5 years, so we are due. But we could also go another 3-4 years without a recession and it wouldn't be that far out of the norm historically.

Absoulutely true, but im not sure that a 10% correction = recession

Bull Beear ...me too! i sold equalities a bitch at 1841.25 and covering here! Nice start!

koolblue wrote:Bull Beear ...me too! i sold equalities a bitch at 1841.25 and covering here! Nice start!

need to see bears get serious, this is 3rd sells, If without no LL this time, it will be bulls turn to test new high.

morning black bar again.

cycle high due witn the next 10 min if it hasnt hit already! seems like we should test the globex high at 1843.25 , but we'll see!

Cobra wrote:morning black bar again.

I should know, Whats does a black bar mean?

dr659 wrote:

Cobra wrote:morning black bar again.

I should know, Whats does a black bar mean?

you mean definition black bar?

Open > last close, close < open but close still > last close. It's kind open high go lower bar but not low enough to be red.

SPX 5m.. tagged upper green channel... mind the red trend break for a pullback..

SPX 60m

Dont usually trade the cycles ,but i did sell 1839.25 since it appeared to be making a short term peak of some sort at 1840.00 which was one of my numbers covering half at 1836.25 and holding a runner for 1833.75 or lower (hopefully)