Cobra's Market View

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Gap down along yesterday's low, so not sure if the gap will be filled or not.

Global ES clearly looks like a Double Top here but bears need decisively break the neckline in order to seal the deal. The good news for bulls is I see potential 3 push down here, so maybe the neckline would hold again...

I just put a fork in bull,he is well done,cooked done,throw him out

Lots of stuff at "support" or resistance.

Check out daily charts of the EUR/USD

Gold is flirting with it's BB
AUD/JPY looks like a falling wedge?

Buy the dip now or drop to 1370-1385?

On the weekend board, I noted the slightly lower lows on EUzone and banks
Same chart here; with EU now in freefall (while $BKX tries to holds up!)
http://stockcharts.com/h-sc/ui?s=$BKX&p ... listNum=15

Cobra, bear flag? On the other hand, could there be a double bottom forming or are the two bottoms low too far apart?

noob wrote:Cobra, bear flag? On the other hand, could there be a double bottom forming or are the two bottoms low too far apart?

Actually I think I know the answer, ascending triangle or bear flag.

stucap wrote:Lots of stuff at "support" or resistance.

Check out daily charts of the EUR/USD

Gold is flirting with it's BB
AUD/JPY looks like a falling wedge?

Buy the dip now or drop to 1370-1385?

Buy the dip likely, more down later...expecting bounce to 1402-5

the open. key time.

Cobra wrote:the open. key time.

something is really pressing the bid right now....bulls apparently know the consequences of failure.

johnnywa wrote:I just put a fork in bull,he is well done,cooked done,throw him out

You're gonna short now ?

AAPL at channel top, kind of key time too.

Update on the longer-term $VIX signals I posted over the weekend.
You can see that the last time these sell signals all fired was July 2011.
(still waiting for $VXD to fire)

bulls in big ass trouble

stucap wrote:

Cobra wrote:the open. key time.

something is really pressing the bid right now....bulls apparently know the consequences of failure.

Bears look really weak! Comon' ROAR!!!!!

your fuc--- kidding me bulls are dying a slow cancerous death

Metals are gonna fart let out the pressure before they go back down

Cobra, What is your opinion on GLD. Looks like we have a very bih inverse H&S . Do you think we will go back up above 200 in next few months?

Al_Dente wrote:Update on the longer-term $VIX signals I posted over the weekend.
You can see that the last time these sell signals all fired was July 2011.
(still waiting for $VXD to fire)

45vix.png

Looks like we are getting alot closer..Thanks

Al_Dente wrote:Update on the longer-term $VIX signals I posted over the weekend.
You can see that the last time these sell signals all fired was July 2011.
(still waiting for $VXD to fire)

45vix.png

great chart. TY

GM, this time is different, sell the rip.