Cobra's Market View

Where is 99er and Cougar?, Cobra has put out another outstanding weekend report as always. since everyone is so bearish this time I see some thing different.
ie:
1. Wedge support not totally break down.
2. 13/34 bullish crossed, still well put as bullish.
3. for month bears can not take out Aug low.

so for the short term I will give the Bulls a benefit of a doubt a gap that need to be filled at least.

short term MACD, RSI and the line in the sand showing some life in it.

hourly MACD bullish crossed on all major indexes

I am long TECH (in the money TRAP) over the weekend. SMH here a break out bet.

This chart is from Cobra chart list, NYMO a possible positive divergence?

Hello BullBear! Nice charts and I agree with your view, short term!!
I was wondering also about the lack of watering, but I didn’t know how to start the week-end publishing. Now, that you did it, I’ll bring some contributions later.

2 MM (Murrey Math) fans for SPX
..which are based on 1/8 increments, with adjusted slopes to account for the different accelerations UP/DOWN.
The EW counts are very bearish…perhaps too much…

AAPL…where I missed playing short my own signals…because I could not believe that thy would sell it off, only days before the launching of IPhone 5. But, as we know…TA is stronger than “logical fundamental deductions”…

Surprisingly, on 3 independent daily charts, it looked like it hit a TOP:
1. Nested Envelopes & Harmonic Fan.
2. AAPL squares - a continuation of a chart which I started in 2010.
3. A fork with internal 2/8 increments.

The impressive drop of palladium (PALL).
Watching to see if we find support here, at the Gann Fan 1x3 time/price line:

Looking for SLV support.
According to this chart, it could happen in the 25 - 26.5 zone, around Oct 4 (140 d cycle low).

Hey cougar, I see your on. I have a few timing studies I'll post in a bit, looking out over the next two weeks. I'll study your charts and have comments. Presently short via SDS at 1185 SPX. Current stop is at 1170. Check you later, going for lunch. Including my Daily chart that shows a Negative Price Reversal on the RSI was confirmed on Thursday.

After silver...the Queen of the Silver Dollar: LVS (Las Vegas Sands)

Still trying to figure out what is happening with YHOO, where, on Friday, traded C/P = 10...on very high volume.

Sep 23: “Yahoo Inc. is up for sale, company co-founder and board member Jerry Yang told employees in a memo, according to Business Insider.In the memo, Yang says that Sunnyvale-based Yahoo has hired investment bank Allen & Company to help it field "inquiries from multiple parties that have already expressed interest in a number of potential options," Business Insider reports.
But, according to some people, this is not a fully accurate report.

On Friday, I rolled over the long VIX calls play into cheaper Oct.45.C.
Main reason: I had previously bought Oct.32.5.C . When VIX options get deep in the money, the spread kills you and it’s hard to sell without giving a heavy “baksheesh”… LOL!
I was lucky to find the LOD for Oct.45.C, as shown on the chart bellow.
====================
Those following my VIX trades might notice, here and on previous trade charts, that the horizontal support/resistance levels play an important role for my actions - much more than for trading other derivatives of conventional equities. Guess why!

Among the “rari nantes” of my private “Conviction Buy" list:
PPO and MXWL

As previously discussed, $DXY is now entering a historically established resistance zone:

Time for a break!
Have a nice end of the week-end!

rhight wrote:Hey cougar, I see your on. I have a few timing studies I'll post in a bit, looking out over the next two weeks. I'll study your charts and have comments. Presently short via SDS at 1185 SPX. Current stop is at 1170. Check you later, going for lunch. Including my Daily chart that shows a Negative Price Reversal on the RSI was confirmed on Thursday.

Hello "rhight"! Yes, nice reversal! I am looking forward to your further commentaries.

cougar wrote:

rhight wrote:Hey cougar, I see your on. I have a few timing studies I'll post in a bit, looking out over the next two weeks. I'll study your charts and have comments. Presently short via SDS at 1185 SPX. Current stop is at 1170. Check you later, going for lunch. Including my Daily chart that shows a Negative Price Reversal on the RSI was confirmed on Thursday.

Hello "rhight"! Yes, nice reversal! I am looking forward to your further commentaries.

We'll see.

BullBear52x wrote:This chart is from Cobra chart list, NYMO a possible positive divergence?

This is good to note, NYMO divergences can be powerful.