Cobra's Market View

when I trade, I have no bias because I strictly follow my setups which should be well tested based on the past history. when I call up or down here, it's purely based on the chart pattern. it has nothing to do with my position. I may long but still calling down. For example now, I call down but I a...

are you short the es cobra?

Cobra, any targets for this breakdown?

Ahh thats what I was looking for- no problem.. thanks Cobra

Hi Cobra- I'm a subscriber and just had a quick question for you regarding the High-to-Low 6.5% pullback you have in your evil plan that you mention has 100% occurance since 2000. in that 100% occurance rate, within which months had it historically happened? I guess I'm wondering what the "dead...

Hi Jarbo-

Care to elaborate a little bit on how to use that chart of Uempel's?

I took a look at it on Friday- it looked intriguing, but I'm not sure how one applies it to recent action..

Well theres that breakout I was concerned could happen. Glad i didnt short this morning.

An interesting note is that SSO is now out/above its triangle.. SPX is peeking out as well, but SPY is still inside.. (at least on freestockcharts.com)


heh what exactly did Demark have to say about trendlines?

I'm thinking we start to drop like a rock either today or tuesday

but I'm not putting any money on it.

regardless, we've got a big red candle in our near future

We are right at the top of the SPX triangle.. fehro has a nice depiction of it in his charts. My impulse is to short right here- I struggled with the decision this morning. But I decided not to for a couple reasons.. 1) I'd like to be flat over Christmas and not be thinking about a position 2) Thin ...

Here we goooooo..

uempel-

interesting we test the bottom of todays triangle precisely at 14:40..

nice chart

what are the green/red bars on the left hand side?

One more the get the hang of it, and I'll quit with the charts for today

This is a shorter term sym triangle.. which way does she go?

Could this be a SPY kiss the line goodbye?

Trying another version of the triangle chart from freestockcharts. It was screengrabbing them a little on the small side. I set it to 1000x800, lets see if this is any better..

really just a test for posting chart images, here's my longer term triangle.

This is from freestockcharts.com

breaking down FYI

Longer term (coming 30 days) it appears to me a symetrical triangle is forming. Using the trendlines from July Highs and from the Oct lows, a triangle forms with an apex mid-Jan 2012. Not to say it will take that long to break, but that seems the likely scenario going forward for the coming month. ...

Bushwaffle- your prediction is interesting. I'm trying to make sense of your chart with the circles, and how you arrived at at a low of 121(ish) I was looking more at 120 as a spot to cover.. wondering how you use those circles (are they fib circles?) and what your rationale is behind 121 as the lo...

Bushwaffle- your prediction is interesting. I'm trying to make sense of your chart with the circles, and how you arrived at at a low of 121(ish) I was looking more at 120 as a spot to cover.. wondering how you use those circles (are they fib circles?) and what your rationale is behind 121 as the low