Cobra's Market View

Who knows anything about the Spanish bond auction?

Mr. BachNut wrote:Lasertrader just noted the formation of a rare English Pointer Pattern on Twitter. He says watch which way the nose goes to gauge the market.
I could not find this pattern in Bulkowski's guide.

I think the OIL peaked. This run up was a good bye kiss at the lower border of the two-year-old uptrend channel. Opinions?

Hi Cobra, may I suggest you to include PayPal as an option for payment. That would be safe and convenient for me and probably for others too.

L_T wrote:Have we fallen out of the triangle yet?

Not yet. Tomorrow.

SB73 wrote:Cobra,

What does this mean?

"there's more and in case gap down again tomorrow, then better not to hope we have sharp reversal again, after all prime ministers are limited."

It means "Game over for bulls".

Gap down open around yesterday's lows, so not sure if the gap will be filled or not. The Global ES doesn't look good. Revisited yesterday's high overnight with a lower high and since it failed, according to you Earth people's rule, it's trying the low now. Should the blue line below broken, it'd be...

Good morning, Cobra!

The real problem I have with the upside argument is that EVERYONE is on that side of the trade. All you hear of are stories about the year end rally, bullish period of the year, election years are always bullish. To me there are too many people on one side of the trade. That also is a good point. r...

Not sure yet. I'm uneasy cause every chart I see shows a small top in the 1270 area. Perhaps too obvious. Imagine some big boys pushing the index up Monday morning - they could squeeze the hell out of all the shorts, there must be tons of em. So I'm a bit uneasy just now. I'll decide later. Try que...

MrMiyagi wrote:

gabor wrote: OK, so nasdaq is the most speculative sector of the NYSE.

Indeed, were you around in 1999-2000?

Yes. But things change, do not they?

Coba, I am puzzled. How can NATV/NYTV be a reliable top indicator? It is the ratio of nasdaq volume over the total NYSE volume, right? When the relative activity is higher on the nasdaq compared to the total nyse activity, then it must be a top ... why? because Nasdaq is consider as high beta stock...

Coba, I am puzzled. How can NATV/NYTV be a reliable top indicator? It is the ratio of nasdaq volume over the total NYSE volume, right? When the relative activity is higher on the nasdaq compared to the total nyse activity, then it must be a top ... why?

When interest rate is cut unexpectedly, it means there is something bad on the horizon.

Oh my my... FED OFFICIALS SEE 2011 GDP 1.6%-1.7% VS 2.7%-2.9% FED OFFICIALS SEE 2012 GDP 2.5%-2.9% VS 3.3%-3.7% FED OFFICIALS SEE LONGER-RUN GDP 2.4%-2.7% VS 2.5%-2.8% FED OFFICIALS SEE 2011 UNEMPLOYMENT 9.0%-9.1% VS 8.6%-8.9% FED OFFICIALS SEE 2012 JOBLESS ESTIMATE 8.5%-8.7% VS 7.8%-8.2% FED OFFIC...

Is there anyone, who knows when the Greek referendum cannot be called back any more. Now Papandreou still can be pressed and convinced to call it back, I think. But there must be a vote, probably by the Greek parliament, when the referendum is anavoidable.

Bulls are dehorned already, I think.
Now, the castration comes, to make the meat more tender before grilling the next week.

Cobra wrote:

gabor wrote:Good morning,

Could you please define MDD MAD again, I forgot the definition.

MAD = NYUPV:NYDNV >= 9.
MDD = NYDNV:NYUPV >= 9.

Thanks, Cobra. Isn't there any criteria about the absolte volume? Don't you distinguish high volume and low volume MAD or MDD? They should make a difference.

Good morning,

Could you please define MDD MAD again, I forgot the definition.

Bulls will be dehorned, castrated and finally roasted in the next week or two.
Come back to Earth! We touched DMA 200 and turned back, we are in a bear market....