Cobra's Market View

I'm thinking the Boeing selloff, on Friday, was a warning shot. Warning for the market? Boeing sell-off was due to a fire on one of Ethiopian Airlines parked planes at Heathrow. There was also a 777 crash in San Francisco on the 6th, but there was no sell off until an empty plane catches on fire a ...

I'm thinking the Boeing selloff, on Friday, was a warning shot.

MrMiyagi wrote:Market is weak today.. I don't think PH is going to help, Bulls can't BTFD as it gets pushed down everytime. So far anyway...

Let's see what happens on this 2x bottom in the next few minutes. Looks like it will sell through, no large buyers coming in at these levels.

Al_Dente wrote:doji

I feel a knock-knock joke coming on..

/YM there's no question of a breakout, but where's the target?

Al_Dente wrote: Last few times it went >100:
15-16 may 2013
8 march 2013
24-25 jan 2013
16-17 aug 2012

The market is giving it 110%!

Thanks to Mr. BachNut and Mr. Miyagi for bringing to my attention Boeing's affect on DOW, Friday. I tend to ignore all news, for the most part, but that may be perfectly timed for a market pullback.

/YM hourly, continuation or top? measures 100 points

Mr. BachNut wrote:

auger wrote:Hmm, DOW really lagging here

I think Boeing may be in the Dow. Not sure.

Ah, right of course, thanks

Hmm, DOW really lagging here

These have been acting more like stilts, these days.

http://www.stilt-walkers.co.za/images/s ... kers_6.jpg

MrMiyagi wrote:

1374.png

/YM my guess is w-bottom

springheel_jack wrote: Auger! Great to see you here mate

Ha! You too, Jack

/YM hourly, tweezer bottom may test underside of this pitchfork median

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...

GDX daily; this chart is a couple of days old (posted elsewhere), note the duration from previous channel tops to lows.

http://content.screencast.com/users/aug ... hannel.png

DIA 5min

FXE 5min

I posted a question directly to one individual. I didn't mean for it to go any further than that and I ask that Cobra delete all the postings related to this issue. SWalsh, you started this whole thing, by posting it publicly. If you never meant for it to go any further, why didn't you PM the perso...

Cobra wrote:a little phantom here, guess it'd be today's target.

Oh, for crying out loud. I don't have that one, on my chart.