Cobra's Market View

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Lower high or not, wait and see, 50% chances.

Gap up above the Friday's high so likely a trend day either up or down.

ES daily. Inside bar so far. Extending the base.

Dow 30. A whole lot of green.

AMGN. Rocket ship.

Back later ...

About to walk away from my keyboard, keep getting whipsawed....

Positive AD line, but if this support fails, that could change.

SPX cash, TA attempt to breakout, but looks like no buyers up there again.

If there will be a down trend day, this is it.

AD is still strong
Call buyers are cautious

My guess is double bottom here has a little bit better chances (51%), breakdown would be measured move down.

Every Sunday night pumped to gap up Monday, it has been working out for a long time, today is different. will the Fed save the day at noon? or help tank the market faster.

This is the channel for the smalls, this is also why I got whipsawed, didn't see the channel till now. Out of cash, so I can now go do something else.... LOL!

TA quiz. this is when you score A+ and still lose money.

Another quiz, if you buy in the market and lose money, you are not an "A" student. to get A+ you must sell and sell it hard.

FOUR HORSEMEN, daily

PARADIGM SHIFTS:
“Who the hell wants to hear actors talk?” [Harry Warner, cofounder of Warner Brothers Pictures, 1927]
“I think there is a world market for about five computers” [Thomas J. Watson, chairman of IBM, 1943]
“There is no reason for any individual to have a computer in his home.” [Ken Olsen, cofounder of Digital Equipment, 1977]
Kodak thought that film was forever; Yahoo rejected the opportunity to buy Google for just $1 million; hundreds of other examples show what happens when business leaders don’t pay attention to the changes and opportunities around them.
People who are most successful in the old paradigm are less motivated to see when the new paradigm arrives.
Buffett is 90, Charlie Muenger is 97, are they missing a new paradigm shift ??

30 minute chart
smalls are on a dead cat bounce
the Q's aren't even trying

Al_Dente wrote:FOUR HORSEMEN, daily

53horse.png.jpg

Probably should have been playing ERX and FAS today. Just didn't see them....