Cobra's Market View

Flat open, so any gap would be filled and the day tends to be a range day.

Global ES looks a little ambiguous as you can see it either as H&S Top or Ascending Triangle depending on you normally walk on you hoof or claw of course. So let's wait and see.

Hi
Cobra, I registered... at last ))

GM Cobra

Looks like today will be that final third push up? Are you looking for a breakout/breakdown afterwards or is that confirmation of a short-term top?

GM, Cobra!

My humble vision here:
Instead of breaking bear trendline in a bullish scenario into year-end , a bearish scenario is SPX might follow Gold to form a big triangle.

Isn't gold following the Dow?

Seawaves wrote:GM, Cobra!

My humble vision here:
Instead of breaking bear trendline in a bullish scenario into year-end , a bearish scenario is SPX might follow Gold to form a big triangle.

GM Cobra!
SLV & PALL:

I'm sure most people read Tom Demark's prediction yesterday for the SPX to reach 1330 before Christmas, peaking
around December 21st (or after 4 consecutive up days).

Something interesting, since early December, SPY has bounced off of the middle Keltner channel and went
back to the upper band, 4 times (circled on chart). Same thing happened yesterday. There is no economic data to prevent the
SPY from going up today.

However, I'm neutral ( I have no idea what's going to happen).

Smell like a BUY out there. S&P downgrades the whole world. So, every country is a bad apple. When everyone is bad, that is fine ...

parker wrote:Hi
Cobra, I registered... at last ))

Thanks. Appreciate! I need as many supporters as possible. $10 is meant to be for as many as possible, otherwise it really would be waste of my talent.

rhapsody1447 wrote:GM Cobra

Looks like today will be that final third push up? Are you looking for a breakout/breakdown afterwards or is that confirmation of a short-term top?

Frankly I think global ES has better chance to breakout on the upside. Now bear's hope is no decisive breakout.

by saying "follow", I mean it morphologically. In reality, hard to say who follows whom.

Me XMan wrote:Isn't gold following the Dow?

Seawaves wrote:GM, Cobra!

My humble vision here:
Instead of breaking bear trendline in a bullish scenario into year-end , a bearish scenario is SPX might follow Gold to form a big triangle.

Cobra,
I have also just done the "Paypal checkout". It did not ask me anything else other than to pay. Is this right? I was expecting a bunch of info such as name, userid and etc.

thanks,

the open. this up should be at least 2 legged.

GM,
There is weakness in this breakout, /ES here.

$127.25 is my target for SPY today. Bottom at $125.5

Cobra wrote:the open. this up should be at least 2 legged.

janez wrote:Cobra,
I have also just done the "Paypal checkout". It did not ask me anything else other than to pay. Is this right? I was expecting a bunch of info such as name, userid and etc.

thanks,

After you paid, you should be redirect back to fill the user name and password. If you don't see the form, you should also receive an email, inside, there's a link you can click to register your name. This mail is sent to the same email account you use for paypal. If you still don't get that mail, you could forward your paypal confirmation email to [email protected], I'll then create a link for you.

And don't worry, before I really lock all my posts, I'd have a drill to make sure every registered members know that they can login and read, instead of on the day I locked everything then someone find that he/she still couldn't read despite that already paid.

Cobra,

I signed up via paypal yesterday and was successfully redirected back for log-in/membership details. It was a much smoother and straightforward process than many other sites, so well done.

not good looking at es here.

deadmoney95 wrote:Cobra,

I signed up via paypal yesterday and was successfully redirected back for log-in/membership details. It was a much smoother and straightforward process than many other sites, so well done.

Thanks. Glad to hear. We're prepared for overwhelmingly customer services requests, but so far not as many as we thought, so seems OK for the most people.

SPY prints a higher high and now will leave the building using the back door.