janez wrote:From Cobra yesterday's report: "But, according to the NORMAL top pattern, even today’s high was the high, chances are the high will be revisited soon within a very short time. The chart below illustrated, (again) NORMALLY, the fastest top pattern. So before seeing the very first meaningful pullback and then rebound to test the previous high (either with higher high or lower higher), I cannot prove the top was in yet."
I wouldn't go long until at least minimum spx 1243.
heavenskrow wrote:Haha I love how zerohedge was making such a "superb" post on gold bouncing off the 200DMA and saying its a great entry.... while on the log charts we broke support a long time ago. Bias kills people.
You wouldn't believe the amount of crap zerohedge puts out and the amount of morons that follows. Many of them are on this very board.
well I am one of those followers lol but I hate when everyone on there is absolutely sure on the outcome of gold and silver...when charts tell a different story.
I can't say for certain the future of SLV but this daily chart sure doesn't look bullish......
bonzodon wrote:Hi Cobra, I am expecting a bear flag to develop before the second leg can start.......(learned from you only )
Cobra wrote:very small double bottom here. I don't think it's significant enough to call bottom, still expecting a 2nd leg down.
yes, we're probably making a bear flag here.
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OK guys help me out. If there was only one blog or site you could read regularly (besides Cobra's of course) which would it be? One of my "go to" sites called it quits at Christmas and I feel like I've lost a major source of information. Thanks in advance.
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