Cobra's Market View

Rebound as I said, now let's see how it deals with its first resistance...

Volume surge, I guess we'll rebound here, not sure if there's 3rd leg down.

OR low support...

I should say: here comes the 2nd leg down, FINALLY.

Here comes the 2nd leg down.

Critical time, I guess. 2 bar reversal, strong bullish follow through then another 2 bar reversal, but with no bearish follow through instead could be 2 inside bars, market is thinking...

Could be an exhaustion bar here, we may pause here then should be another leg down. (Nowadays, we may have only one leg though)

OveSentlig wrote:

Cobra wrote:Funny, I cannot find anywhere to change the default to Descending. Guess you guys have to change it every time manually. I'll keep searching for the settings...

Each user can set his preferences in "Board Preferences" (in User Control Panel"

Thanks.

simpletrader wrote:

Cobra wrote:Measured Move:

cobra, you almost scared me. target 143.8??? oh

I meant 134.8 and it's reached.

oil droping sharply that's why we have this pullback. Anyone knows what's going on?

Some support here. This still doesn't look like a sell off.

Funny, I cannot find anywhere to change the default to Descending. Guess you guys have to change it every time manually. I'll keep searching for the settings...

verve$ wrote:Hi Cobra, can you please make the post message appearing in descending order.
Default is - Post Time - Ascending

Better would be Post Time - Descending.

Thanks

Depends on how many people want this?

Failed H2. Anyway, the chart doesn't look bearish to me, still could be some kind of consolidation.

Anyone thinking of this coming H2 long?

Jennyahwu wrote:cobra, how to attach the picture here/ can u take a look rdn? it seems 7.25 is bottom

In Getting Start, you can find how to post image.

Jennyahwu wrote:cobra, how to attach the picture here/ can u take a look rdn? it seems 7.25 is bottom

Chart doesn't tell me if it's bottomed for now.

OK, I was wrong, but here comes a little more support.

Cobra, Just want to say "thank you " for creating this site. Questions for members who has access to stockchart.com I don't have membership to stockchart and I get basic chart. Is there anyway someone can post a chart on "SPXEW." John Murphy had a chart a few days ago that SPXEW...

wow. I am dizzying. My next resistance is 1344: http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=1&mn=3&dy=0&id=p74743229265&a=222434177&listNum=3 Yeah,if you just look at it for a second or two the chart is a mess. But if you know how to use it it's good for S/R. I guess I ...