Cobra's Market View

Mr. BachNut wrote:UGLY.

I've been short since Wed / Thurs!!!

So. Not Ugly but BEAUTIFUL

Out of Bounds wrote:I'm looking for a good Chicago PMI and a rally that I will then short. A bad PMI and who knows, I won't trade it.

What time does the PMI data come out?
Thanks

jdow wrote:

Nage wrote:Cobra, any stats on why Russell is so strong recently? end of bull run? thanks

Historically small caps lead the market up and down, so my perspective is this is a good sign for bulls for intermediate / longer timeframes

I second that.

DAX and FTSE only miner damage. And on the way back up!
Can we close green today?

Just exited my TNA long.
Things feel a bit toppy here.

KENA wrote:I like MrMiyagi P Bars,,That and along with the dome we may see some more dn.

Me too, because i'm very close to being stopped out of my shorts

Any one agree????????? spx15min121712.png I'm no expert in Elliot wave. But isn't it a rule that wave 4 can not overlap wave 1 in a 1,2,3,4,5 wave? Just saying. There was no overlap... I don't know if we're looking at the same graph, but Kena marked the top of wave 1 at around 1420 and wave 4 low a...

KENA wrote:Any one agree?????????

spx15min121712.png

I'm no expert in Elliot wave.
But isn't it a rule that wave 4 can not overlap wave 1 in a 1,2,3,4,5 wave?

Just saying.

This does not look bullish to me.

Comments.......

Praying for victims or anyone in need is an excellent way of doing nothing but thinking you are. I am not a religious person, I won't dwell on this aspect, this "Right to Bear Arms" crap has got to be changed, it is superseding the Right To Life. That's it, I won't say anything about this...

KeiZai wrote:This is my plan for russell, chart is little bit screwed due to new contracts but u will get the point imo

not updated

R2K-supports.png

now

R-st.png

I like what see. down with you Russells, down........

KeiZai wrote:TNA flaggish?

The attachment TNA.png is no longer available

I have the same. Break down, back test, next move ......down!?

Petsamo wrote:

TradersF wrote:I still see a bear flag!!!

Any comments.

It looks like a double top to me, not a bear flag

Results in the same price movement though..........

I still see a bear flag!!!

Any comments.

I see a bear flag on the XIV.

We all know that when the XIV falls as does the markets.
A bit strange to see the markets positive and the XIV negative. Maybe the XIV knows something....................

TNA hugging the trend line. Will it finally break down?!

How long do we have to wait for some action?!!!!! BOOORRRRRRRIIINNNGGGG!

Does anyone see today as a high open then sell off to nothing, like the last 6 day?

Al_Dente wrote:is anyone else down on freestockcharts ?

Yes, whats going on???!!!!!