Cobra's Market View

Junior Buffett wrote:Is there any merit to this article or analysis?

http://www.marketwatch.com/story/market ... beforebell

Thanks

No, any reversal pattern with a target under zero is at the least extremely suspect.

As well as the H&S necklines breaking on SPX and ES we also now have a broken rising wedge on COMPQ. If bears can fill the open gaps just below on ES/SPX I'll be looking for 1655-60 SPX area. Caution with longs in the meantime.

Nice looking broadening ascending wedge:

http://screencast.com/t/AA6QJQ6Ieu

My rising channel broke

Possible double-top in play now

Small rising channel established on SPX 1min. This could fail anytime but if the HOD is not in yet, this should be the springboard to get there.

A gap up definitely on the cards here I agree.

We've been testing the ES 50 hour MA most of the day.

Boring day. I had a couple of nice trades though.

3 days on the SPX 1min chart. Bull have the ball for the moment IMO:

I posted this chart last night on twitter. Channel resistance 1680-2? Worth watching IMO: I'll be here regularly now...I refer to Cobra's charts quite a lot so I'd like to add my take to his here to give something back. I'd like to hang around here again as well. My return probably won't receive as...

Rising wedge from 1604. The next obvious move is a test of wedge support:

I posted this chart last night on twitter. Channel resistance 1680-2? Worth watching IMO: Will watch. Just want to say that I appreciate your work. Good stuff. Nice to see you here and hope you add your voice more often. You and Peter Brandt have become my favorite classical chartists. Thanks :-) I...

TLT (re BullBear). V. interesting. The gap (daily) bottom is 110.01. This is also the shoulder of a nearly two year H&S pattern, so will probably be revisited. The H&S target is about 88.04, which is very close to the Feb, 2011 bottom. For some perverse reason, I expect this beautiful patte...

I posted this chart last night on twitter. Channel resistance 1680-2? Worth watching IMO: Will watch. Just want to say that I appreciate your work. Good stuff. Nice to see you here and hope you add your voice more often. You and Peter Brandt have become my favorite classical chartists. Thanks :-) I...

I posted this chart last night on twitter. Channel resistance 1680-2? Worth watching IMO:

The rising wedge on Dow is broken:
The H&S and broadening descending wedge on TRAN are both targeting the 4900 area:
Just saying this is the best shot the bears have seen so far for a retracement.

SPX at trendline resistance & NQ still failing at 2600. Possible H&S forming on EURUSD.

Bulls might get a surprise today.

I may be wrong, and often am, but I'm looking at this mornings price action on SPX as a backtest of a broken TL from the 12/19 low. Over the last week 60 min TICK in a downtrend, NYUPV in a downtrend, TRIN trending bearish. Looks tired to me beneath the surface, although price is still in a box. I ...

This is one of the most interesting charts for today. Bullish or bearish short term depending on what Vix does here:

BTW guys, how do I post visible images rather than links in this thread? I've always done so by clicking the "upload attachment" tab below the body to attach the file Thanks :-) No problem. Love to see you on here, have been following your charts for awhile now. Great work. :D Thanks mate...

ClarkW wrote:

springheel_jack wrote:BTW guys, how do I post visible images rather than links in this thread?

I've always done so by clicking the "upload attachment" tab below the body to attach the file

Thanks