Cobra's Market View

Thanks Cobra for actual target price!
CountryBoy

Cobra wrote:OR breakdown target, 80% chances, but I'm not sure. I just know the morning low will be revisited even we rebound from here and no turning back for the rest of the day.

Cobra, I would appreciate it if you would mention target price when target is below chart lines.

Cobra's often used phrase is very appropriate to say about this week's markets in that they are trading news, rumours, and HFT computers are going wild. My point being that as much as I admire Cobra's technical expertise until debt ceiling is resolved tech signals are almost worthless. Might as well...

1. $Copper is very weak falling today since open to below 100 DMA. 2. Dollar is showing signs of stability at these levels and has high potential of short term rally from these very oversold levels which has consistently been bearish for stocks and commodities. 3. Cobra's "short at the last thi...

Cobra, I was intrigued by your chart showing the 16 out of 19 months "short at the last 3rd day close"...? Is the last 3rd day three days before the 1st of every month... or three days before the last day of the month ... or something else?

Sorry for my brain fog.

New to group but have been following Cobra's Market View Blog for many yrs. I'm lucky to be retired in beautiful foothills of the Sierra Nevada Mountains of Northern California. Very Country--no town--just a community called Yankee Hill, CA.

Two closes below 50 MA and getting close to 100 MA. Fundamentally does not bode well for Mr Market.