Cobra's Market View

nonabear wrote:Yesterday and today look similar to 4/18 and 4/19...so far, see how it closes.

good observation, even the low is similar

Hello Cobra, on bigger picture, more down ahead? thanks

Cobra wrote:

lilitulip wrote:GM Cobra, do you see SLV still in retangular or it broke out? thank you

still think it's a Pennant or flag. cannot you check the chart in my public chart list? It's there at 4.8.8

thank you, yes i do check. but want to hear from you.

GM Cobra, do you see SLV still in retangular or it broke out? thank you

GM Cobra, do you see SLV still in retangular or it broke out? thank you

Good morning Cobra, can you take a look SOX? is it bear flag broke down? and what do you expect the target is? thanks a lot

Cobra wrote:if this is not an exhaustion bar, then what is?

you remember you use this as title for report on 5/31?

Cobra wrote:if this is not an exhaustion bar, then what is?

so a reversal coming soon?

Hi Cobra,

it is so streched from 5 dma, even Mar and April run don't seem like this.

Hi Cobra,

do you think IWM broke out the neckline? any follow through needed for this? thank you

Hi Cobra, on the daily chart for SPY, does it like ascending triangle (from 6/7 till now)? so more down side? thank you I see a huge bear flag in the forming. Hi Cobra, does your stock chart show the SPY before dividend? i see different low on scottrade on 6/15 (126.32), yours is 125.7. thank you a...

Cobra wrote:

lilitulip wrote:Hi Cobra,

on the daily chart for SPY, does it like ascending triangle (from 6/7 till now)? so more down side? thank you

I see a huge bear flag in the forming.

sorry, ascending triangle is bullish pattern... need to do more homework

Hi Cobra,

on the daily chart for SPY, does it like ascending triangle (from 6/7 till now)? so more down side? thank you

Anaconda wrote:Guess what candlestick pattern you get when you blend yesterday and today's? (Monday might just be an early July 4th celebration for bears...)

is that dark cloud cover? thanks

99er wrote:Silver
Update.
http://99ercharts.blogspot.com/2011/06/silver.html

when it would break down, waiting.... forever

Cobra wrote:nothing to say, triangle i see.

Hi Cobra, so more up? thanks

Cobra wrote:guys do me a little favor which designs is good? Or have to ask for a total redesign?

i like first one, but i am not sure the icon above M meaning?

Cobra wrote: RUT generally leads. the good news for bear is QQQ leads today, so should be OK to forget about RUT.

what worried me is tech, semi, finance all pretty weak, even IYR start break down fast. only IWM relative better. don't know what would that indicate.

Today's headlines: * We are raising stops on UNG puts (July 12s) to yesterday's low value to lock in 20% gains. I see no evidence natural gas has bottomed yet, so we hold. * Our long cotton position is picking up pace, we will add to that position if the futures can make higher highs * Today will a...

99er wrote:Silver
Update.
http://99ercharts.blogspot.com/2011/06/silver_10.html

time to drop? thanks