Cobra's Market View

http://www.youtube.com/watch?v=0akBdQa55b4

BullBear52x wrote:

Al_Dente wrote:

BullBear52x wrote:there were two squeeze count today that's why

http://www.youtube.com/watch?v=Zyhu2ysqKGk

rpccharts wrote:US DOLLAR completed 5wave Daily move up to 89 area - HUGE GDX move pending

I concur. Gold shorts will be toast.

INTRADAY internals are flat slightest bear advantage is no more than a coin toss at the moment range day, but we now have a little downtrend channel on the 5min (flag) with two touch points on each side so a THIRD push down is not out of the question bla bla bla This chart kills all bearish ideas :...

DellGriffith wrote:I'm gonna wait until I see the uptrend break for 2 consecutive days. Then I'll consider a short.

DellGriffith --------- >

Do you think that we just saw the bottom in GDX (or $HUI or $XAU, etc...) or do you think there will be another big dump?

According to JPM: Since the end of 2008, QE is responsible for an “equity wealth boost” of $9 trillion dollars. About 1200 S&P points has been due to the FED (that is almost the entire increase since the lows of 2009). Currently the total stock of US corporate equities is $29 trillion dollars. ...

Still bearish.

But 2034.96 is the level at which I scream U.N.C.L.E. !!!

Two bits to whoever figures out how I arrived at that level.....

Moon Watch: New Moon Wednesday. Market bottomed almost exactly around the last full moon. Will it top around this new moon? Beware of a trap to the downside here. They could rip the shorts faces off into tomorrow's session with one more stop sweep. Things are definitely starting to look "shaky...

Yep, the global economy is running on all cylinders.

http://www.zerohedge.com/news/2014-09-1 ... ommodities

i dunno. theres a litany of calls for a gold bottom and it never happens. and theres a litany of calls of a market top and that never happens. might have to throw the "ali baba" top call in with the rest pretty soon. :lol: My theory is that the market from September 2014 (present) to Dece...

Interesting: http://www.marketwatch.com/story/beware-alibaba-ipo-isnt-really-selling-alibaba-2014-05-07 "Basically, the Alibaba stock will buy you a stake in a Cayman Islands-registered entity which is under contract to receive the profit from Alibaba’s lucrative Chinese assets but will not act...

bb width is rising. One of two things must happen now: 1. The overwhelmingly likely scenario right now is a ramp up higher. You can go long and ride it up. 2. The only other possible scenario (which is a low percentage chance but can happen) is the uptrend gets broken very early. If that happens, s...

Today's drinking game:

Have CNBS on in the background and every 100th time you hear "Ali Baba", drink a shot.

This is going to be fun, watching BABA implode.

I just started a batch of popcorn.

WSJ 11:09 am ET BABA “The investors who got stock paid $68 per share. Friday, early indications were the stock would open between $91 to $92, suggesting at least a 34% gain at the open if the price sticks…” Nope. No sign of froth or a top here. No Sir, not at all... :roll: :lol: :lol: :lol: :lol: :...

Al_Dente wrote:

jack_png.png

The Forty Thieves.

DellGriffith wrote:starbucks is the new coca cola.

saw some people posting about gold bottoming again in the last 12 hours. wham down it goes again!

Also: A failed reverse H&S on GDX !!

I have never seen anything so over-hyped except the Facebook IPO. And maybe Beanie Babies.

Slope of Hope.

uempel wrote:Update:

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Uempel: Can you please display your corresponding (updated) similar chart for $DAX?