Cobra's Market View

Dow Trader wrote:who want to see a very important chart ( specially for bears ) ?

Not me, just show everyone else.

Deja Vu all over again?

Do we break further or pause?

cheech wrote:Bulls continue to fail

cheech,
you and I are watching the very same thing.

agnosia wrote:

soku wrote:i see a bullish flag with target 1272-1274.5

yep i have the same target.... squeeze coming soon to those that shorted daily pivot..

Yep, I jumped out and lost my lunch money. Tuna fish for me now.

Shorting SPY at pivot point

any plan / thoughts on weekend holdings? I'll take the bait... I continue to hold gold and silver short. I have light (25%) equity short for Monday (if we end lower today). And I continue to hold long USD positions. Have a good weekend. i have $ long too. i was slapped last quarter end. dare not ho...

aapl up even though market down a lot, so I think we are in process of testing a bottom, once done we should really rally hard next month. We have seen the worst now time to accumulate positions slowly but surely. AAPL has been positive relative to the markets all day, even in pre-market trading. N...

He's not done!
You better believe it.

BullBear52x wrote:SPY, a back test to Fib fan line, intraday now testing 200ma 1m. resistance.

I hadn't seen that - nice chart. Thanks.

Point taken.

Too many areas of indecision without a real retracement. I am looking for a change in trend now. Bears should wade in now.
StochRSI now has two lower lows.

99er wrote:TF
Uh oh.
Bats in broad daylight.

For a moment, I thought you were discussing the wedding.

My retail friends are telling me that big sales have stopped working. Customer are not buying like before. Where sales might bring in extra customers before, now the sales only bring in the normal customer - and without the sale, the regular customer is staying home. Average tickets are dropping and...

doji: "What's your take on Silver? A resistance at the upper trendline?" Expecting silver to fall back to at least the mid-channel line but may fall further to lower line of channel. We're due for a correction here at current sky-high levels. Longer term, I think silver (and gold) may be ...

Not exactly, only the gains that offset the losses will be disallowed. Any other gains are yours. It is really no different than end of year reconciliation.

Potash again Just broke above R1 Pivot Point ($54.22) after a really nice rise and consolidation http://bigcharts.marketwatch.com/charts/big.chart?nosettings=1&symb=pot&uf=8&type=4&size=2&sid=6235&style=320&freq=8&time=18&rand=317850785&compidx=aaaaa%3a0&m...

Potash: (POT) A reversal from a recent decline? http://bigcharts.marketwatch.com/charts/big.chart?nosettings=1&symb=pot&uf=8&type=4&size=2&sid=6235&style=320&freq=8&time=18&rand=101083461&compidx=aaaaa%3a0&ma=1&maval=20&lf=1&lf2=32&lf3=0&am...

VIX above 22 now