Cobra's Market View

FWIW, the stars are strongly indicating a military strike sometime next week (after the 9th). Moreover, there is a sense that the strikes will not quite go as planned. I would think this would be negative for stocks. We now return to our regularly scheduled programming... Thanks for the charts, guys...

This is a little off topic and self-involved (sorry :roll: ), but I want to get this off my chest (been bothering me for some reason). Reasons why Mr. B reports his position each morning on Cobra's Market View: 1) He works alone and has no boss or partner looking over his shoulder. The stress of ha...

FWIW, there are now two planets in a state of debilitation. Venus entered Virgo last week and now this week Mars enters sidereal Cancer. Both are considered hostile environments for the planets concerned. The stars would seem to support the notion of a deeper correction quite soon. http://www.modern...

I haven't posted in quite a while although I do follow the discussion. It seems to be only a matter of time now before the rally ends. Here is an intriguing astrological analysis of the effect of Venus transiting sidereal Virgo. (yes, it's mine) This transit lasts about 4 weeks and happens every yea...

Hey TG It does look more likely for gains tomorrow. That Moon-Jupiter oughtta pay some dividends! This is what I was waiting for, now see where it goes.... I think the bigger move up if we have one may be on Friday, then down into Monday or Tuesday...The Venus retrograde...IMHO.... Friday could als...

Hey TG

It does look more likely for gains tomorrow. That Moon-Jupiter oughtta pay some dividends!

Thanks for the poll, Cobra. I get the feeling this is a bearish group here so it may be best to read the poll as a contrarian indicator. I seem to recall previous polls in October and November that said we would revisit 1074 soon. Didn't happen. Looks like we're going higher! :D Well, I'm scared to...

Thanks for the poll, Cobra.

I get the feeling this is a bearish group here so it may be best to read the poll as a contrarian indicator. I seem to recall previous polls in October and November that said we would revisit 1074 soon. Didn't happen.

Looks like we're going higher!

99er wrote:Nah.

ES http://99ercharts.blogspot.com/2011/12/es_09.html

Let's go surfing.

Welcome back, 99er. We missed your jaunty visions of doom.

I did not draw this chart for you guys, but for me. That's why it's a real mess. Shows my tests of the 1240 area, shows that 1240 sure is a pivot. Means that it's unlikely SPX keeps up its vertical trajectory here. Pause, sideways move, dip, whatever. Bye guys, I need some food. dd.png Hey that Kan...

First, THEY started a rumor according to which the US will pump money in the IMF, who would just give it to the “Eurozone” …Denied 20 min later by the IMF… Then … there was a rumor the PRC would give money to the IMF, for the same purpose…Denied by the People’s Central Bank of China! Next…the Marti...

BlackThought wrote:Cobra how can I block someone so that I don't see their post on the thread?

Hi -- go to user control panel and then "friends and foes". foes are not visible.

a little bit bigger picture, this should be a 2 legged up. The chart is for direction only, I don't mean it'd pullback right away. We're at Fib 38.2% by the way. Congrats on the new subscription service, Cobra. I'm in. If this is a two-legged up move (1220?), then do you still think that we will mo...

Thanks for all your charts this week Cobra. And give my best to SuperBen!

I voted for doom -- we could get some rebound next week but probably not a meaningful one.

99er wrote:Update

SPX http://99ercharts.blogspot.com/2011/11/spx_6534.html

Back test Bear Flag and crash.

Good morning. Great call on today's gap down Cobra. A bounce seems likely here for a couple of days as the USDX approaches resistance near the 80 level. thanks, not great call, I thought it would be sharp sharp gap down (so that I do something naughty which I always said we shouldn't do, unless you...

Good morning. Great call on today's gap down Cobra.

A bounce seems likely here for a couple of days as the USDX approaches resistance near the 80 level.

tdo722 wrote:I am officially confused with this market. I don't know if I should go long or go short.

It depends on your time frame I guess. But we are in the Twilight Zone here a bit, it's true.

If these lows hold, then there could be enough upside available (gap fill?) for a very short term long position.

New lows on SPX and Dow but Euro is still in bounce mode and bonds have not made new highs. Favours a bounce this afternoon.

jarbo456 wrote:and i'm starting to wonder if this market is broken enough to fill a 3% gap down morning.

I think it might do so by tomorrow. FOMC is usually pretty positive anyway.