Cobra's Market View

rbharol wrote:

q2model wrote:Your signature always show something about my IP and location ( I guess lilyywwang's on his/her screen). It is a bit scary to him/her.

LOL. That was the purpose!
Nothing to worry. It *reads* the info from your *computer* and displays it on your screen.

A little bit support here at the previous consolidation area, watch for volume surge as sign of bottoming, I don't see one now, but frankly, I'm sacred to support any bear case now...

Volume surge and a bear bar, let's see if any further pullback here. Nowadays simply every bull reversal is one legged V reversal, no 2nd leg to test low, speechless.

Again, the bid may appear strong, but we need watch up vol : down vol and adv : dec closely. Normally, up vol : down vol should be higher than adv : dec, but strange enough today that adv:dec is more than up vol:down vol. This is not a good sign as far as I remember. OK, my mistake. It's actually i...

Here comes out FOMC Minute, I don't think it'd be bear friendly?

noknowledge wrote:Cobra,

thanks for this blog... i'm really enjoing it

do you think we're are going to see the usual run up in the last half an hour?

today it doesn't feel like it.....

No, I doubt that.

Again, the bid may appear strong, but we need watch up vol : down vol and adv : dec closely. Normally, up vol : down vol should be higher than adv : dec, but strange enough today that adv:dec is more than up vol:down vol. This is not a good sign as far as I remember.

Just some quick measurement about the rebound, I still the low will get tested.

Traderwill33 wrote:Cobra--- sorry for the bother again... how about 225x225 or something in that area.... 20K is fine on the avatar.

256x256 now.

Looks pretty much like a small rising wedge to me or bear flag, so I'll assume the low will be tested?

Much more risk though because in the morning, it's 5 min OR low support while a moment ago only volume surge tells and it's dangerous to short on a (well, was) strong uptrend day.

Forgot to mention, there was a Double Top pullback short there, petty much mirrors the morning's Double Bottom pullback long I called this morning. I wasn't eyeing the chart at that moment...

ahdou wrote:Hi, Cobra, is it possible to fill the gap next? is the 15 minutes rising wedge you mentioned yesterday still in forming? thanks!

We could have a bigger wedge.

Noticed today the volume is much more heavy than the previous few days, another caution flag...

Chances are the pullback isn't over yet...

yesterday's high as support...

Traderwill33 wrote:Cobra-I love the intra day posts! Thanks so much! I have a quick question.... can the avatar setting be set to have one bigger than 10k jpeg.... hard to find one that small.

Done. 20K max, 192x192 max.

A little bit support here...

OK, today may not be strong as it appears, see up volume to down volume ratio below, no match of the last time, so a little bit be cautious here.

Double Top pullback, 2 leg down to test EMA20, seems pretty strong...