Cobra's Market View

MrMiyagi wrote:

Anaconda wrote:Been a while, but thought I'd check in to say I had two clear pbars to 163.94, today..

I only had the one in the AM. Thanks for the info!

I live to serve, master.
- Grasshopper

Been a while, but thought I'd check in to say I had two clear pbars to 163.94, today. Interesting to see if the market can still reach that low in the next 10 minutes.
Ciao.

MrMiyagi wrote:

Anaconda wrote:FYI, since Miyagi didn't post it (and my p-bars mimic his), I have a very strong p-bar up to 146.03 on my 5-min SPY chart.
GL,
A

Thanks Anaconda, my chart is not showing that.

NP, Miyagi; it hit at 12:45 pm EST. Had another not 5 minutes ago.

FYI, since Miyagi didn't post it (and my p-bars mimic his), I have a very strong p-bar up to 146.03 on my 5-min SPY chart.
GL,
A

I am not a leftist. Yes you are. Since the Communist Party aligns itself with the Democrat Party, "Communist" applies also. "whoeverwilldothejobthebestest" No President has slammed blacks, latinos, the working man & woman, the poor, etc, more than Obama. Petsamo....you have ...

I still show p-bar to SPY 137.79 from earlier this afternoon. Fits with a ramp into the close. This bear is about to take a powder, before jumping back on the snowboard.

158k private sector jobs were added in October vs 88.2k in Sept (revised from 162k due to the new methodology). It’s the most job adds since February http://www.ritholtz.com/blog/2012/11/the-new-and-improved-adp-report-says/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+TheBigP...

TraderJoe wrote:

Cobra wrote:the bottom line, you don't want to see consolidation here. wait.

OH, but some of us do

Indeed, my electrocuted feline friend, indeed we do.

Look at Chaiken Oscillator on the hourly SPY...

Cobra wrote:ascending triangle target at $145.33.

Seems reasonable; I still have an unfulfilled p-bar to 145.50 on the SPY.
A.

I now have 4 p-bars down to 140.91 and 1 up to 145.5.

...and the band played on....

MrMiyagi wrote:

TradingJackal wrote:Holy Moly! That is a big drop. Two candles that adds weight. Hmm...

I have no upside bars left as the 142.22$ one was taken out with a clean shot this morning.
No up, only down.

For once our platforms diverge, Miyagi; I have a pbar on the SPY up to 145.5 from earlier today.
GL,
A

Just walked into my office and looked at the trading screen; for those who follow and may care, I have a lovely p-bar down to exactly 139 SPY, which posted at exactly 14:00 EST. Do with it what you will.
Good weekend and ciao.
A.

Just dropping in for a quick visit to confirm my 3rd p-bar to 136.63, for the day.
Ciao,
A.

MrMiyagi wrote:

Anaconda wrote:Firewall.

Ah that sucks, at least you can go on the internet at work, seemingly unharassed.

Hai!!!!

Cobra - not to give away your report last night but does the comment we all are wondering about with a green day today still hold true? You mean the statistics about up big not Major Accumulation Day? The recent trend is, it may up more than 2 days but what happened thereafter still possible. You c...

MrMiyagi wrote:

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Wish I could share my charts with you; your p-bars usually comport with mine. But, today mine show more - and deeper - bars than your chart does.
Interesting.

knock wrote:

Anaconda wrote:

MrMiyagi wrote:Another leg up here? Anyone?

Yes. I still expect the gap to be closed, before we head into the abyss. (note: my target is 139.26)

isn't the SPY gap closed already? 5/3/2012

No. That's why my target is what it is.

MrMiyagi wrote:Another leg up here? Anyone?

Yes. I still expect the gap to be closed, before we head into the abyss. (note: my target is 139.26)

Where can I get this info that tells what the market is going to do? All I have is data that I can draw my own conclusions from, and there always seems to be so much ambiguity. Watch and listen to the bright, happy people on CNBC. The folks there will tell you exactly where the market is going to g...