Cobra's Market View

4th or 5th one of these to the open today. Might imply aggressive buying toward end of day? (Usually along with 2:15 buying program.)

From Cobra's seasonality charts:

[edit: add-on] Rogoff co-wrote (with Carmen Reinhart) the popular book “This Time Is Different: Eight Centuries of Financial Folly” The bottom line was: the world needs austerity It has since been found to be riddled with errors Actually, it hasn't been found to be "riddled with errors." ...

For those interested, yesterday's pbars to SPY 170.94 have been bulldozed.
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Another one to the open:

simpletrader wrote:

Anaconda wrote:I've got 2 open pbars to the day's open...open. Perhaps will fill towards the close? It would make for a hell of a last minute ride.

what is p-bar values?

SPY 170.94

I've got 2 open pbars to the day's open...open. Perhaps will fill towards the close? It would make for a hell of a last minute ride.

I had an open pbar from Tuesday, at 167.73 which is now closed.
Happy trading.
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pbars... Actually, I did get one to SPY 167.73 earlier today, at around 10:00 AM.

I - albeit rarely - get pbars which Miyagi sometimes doesn't get.

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Yet another pbar to the open.

MrMiyagi wrote:

Anaconda wrote:...also pbar on the SPY, down to 168.01, fwiw.
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Not seeing on mine bud..

Seek with your inner eye, young lunar moth.

I rarely get additional ones (to yours), but every now and then "I see pbars."

MrMiyagi wrote:

1694.png

...also pbar on the SPY, down to 168.01, fwiw.
Sayonara.
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Anyone else get this?

stlwater wrote:Pink trendline is very important. Breaking below it will be very bearish.

2013-09-27-TOS_CHARTS.png

Prescient call; good one.
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Expanding triangle... target @ SPY 170.7

Thought the same thing, Fehro. Also, pbar earlier to 168.87, so maybe a little higher before we head down hard-er.

Anaconda wrote:Who's afraid of the big bad Wolfe?

Wolfe, indeed. Targeting 167.50, at least.

Who's afraid of the big bad Wolfe?

Nice bearish engulfing pattern on the daily. Trend reversal?
Personally looking for more down tomorrow.

Inverted cup and handle. So, good chance more down to still come; 166.75 SPY, at least.