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I love this. For me a proxy on the overall market has been the stock prices of Citibank and Bank of America.99er wrote:Banks
Here's a little overview of the year-to-date performance of some of the major global banking stocks on December 29, 2011, before the opening bell:
BofA: -60.38%
Citi: -44.76%
Goldman Sachs: -46.41%
JPMorgan: -23.03%
Morgan Stanley: -45.24%
RBS: -50%
Barclays: -34.32%
Lloyds: -63.02%
UBS: -29.33%
Deutsche Bank: -28,55%
Crédit Agricole: -56.04%
BNP Paribas: -37.67%
Société Générale: -59.57%
These are just some of the Too Big To Fail institutions. And while your governments have enough faith in them - or so they want you to believe - to prop them up with trillions of dollars of your money, investors are fleeing them, even if they can expect them to be propped up further.
Read more: http://theautomaticearth.blogspot.com/2 ... z1hxCADWp7
Or as Cobra so eloquently put it last night: “ball or no ball” ….I LOVED that oneBullBear52x wrote:see my right chart, that's resistance, if I have ball like the squirrel I will short more here.
99er wrote:Banks
Here's a little overview of the year-to-date performance of some of the major global banking stocks on December 29, 2011, before the opening bell:
BofA: -60.38%
Citi: -44.76%
Goldman Sachs: -46.41%
JPMorgan: -23.03%
Morgan Stanley: -45.24%
RBS: -50%
Barclays: -34.32%
Lloyds: -63.02%
UBS: -29.33%
Deutsche Bank: -28,55%
Crédit Agricole: -56.04%
BNP Paribas: -37.67%
Société Générale: -59.57%
These are just some of the Too Big To Fail institutions. And while your governments have enough faith in them - or so they want you to believe - to prop them up with trillions of dollars of your money, investors are fleeing them, even if they can expect them to be propped up further.
Read more: http://theautomaticearth.blogspot.com/2 ... z1hxCADWp7
Shopping list 2012...or not????99er wrote:Banks
Here's a little overview of the year-to-date performance of some of the major global banking stocks on December 29, 2011, before the opening bell:
BofA: -60.38%
Citi: -44.76%
Goldman Sachs: -46.41%
JPMorgan: -23.03%
Morgan Stanley: -45.24%
RBS: -50%
Barclays: -34.32%
Lloyds: -63.02%
UBS: -29.33%
Deutsche Bank: -28,55%
Crédit Agricole: -56.04%
BNP Paribas: -37.67%
Société Générale: -59.57%
These are just some of the Too Big To Fail institutions. And while your governments have enough faith in them - or so they want you to believe - to prop them up with trillions of dollars of your money, investors are fleeing them, even if they can expect them to be propped up further.
Read more: http://theautomaticearth.blogspot.com/2 ... z1hxCADWp7
BullBear52x wrote:see my right chart, that's resistance, if I have ball like the squirrel I will short more here.
both /es and spy been hanging out at resistance all day (july-oct-november-december decline trend line). If it breaks this then it is free to retest 1269 and possibly make a new high.BullBear52x wrote:see my right chart, that's resistance, if I have ball like the squirrel I will short more here.
totally agree with you, the politicos are spending away the future99er wrote:Banks
Here's a little overview of the year-to-date performance of some of the major global banking stocks on December 29, 2011, before the opening bell:
BofA: -60.38%
Citi: -44.76%
Goldman Sachs: -46.41%
JPMorgan: -23.03%
Morgan Stanley: -45.24%
RBS: -50%
Barclays: -34.32%
Lloyds: -63.02%
UBS: -29.33%
Deutsche Bank: -28,55%
Crédit Agricole: -56.04%
BNP Paribas: -37.67%
Société Générale: -59.57%
These are just some of the Too Big To Fail institutions. And while your governments have enough faith in them - or so they want you to believe - to prop them up with trillions of dollars of your money, investors are fleeing them, even if they can expect them to be propped up further.
Read more: http://theautomaticearth.blogspot.com/2 ... z1hxCADWp7
I can't stop laughing every time I see your avatarMe XMan wrote:Are you suggesting my squirrel to short more
BullBear52x wrote:see my right chart, that's resistance, if I have ball like the squirrel I will short more here.
Meanwhile, bull spends more and more energy, eventually no any more money flow to buy, isn't it? So it is also not a good sign to bull.Cobra wrote:resistance gets weaker and weaker on each try because every time a potential sellers are in therefore less and less sellers.dr659 wrote:This is what the 3rd 4th try today? does the resistence get weaker each try or does the try get weaker each time ( or something like that )Cobra wrote:no valid breakout yet.wayne0708 wrote:Cobra: did i miss breakout?Cobra wrote:still looks like an ascending triangle to me.
you should read the Ascending Triangle then you won't say that. The key is the low gets higher and higher indicating that bulls are getting more and more anxious. That said, like every chart pattern, there're some cases the ascending triangle does breakout on the downside. but again the point is the lower gets higher and higher.silicon_beaver wrote: Meanwhile, bull spends more and more energy, eventually no any more money flow to buy, isn't it? So it is also not a good sign to bull.
waverider wrote:Meanwhile, bull spends more and more energy, eventually no any more money flow to buy, isn't it? So it is also not a good sign to bull.
EURUSD seems to break the tiny triangle, and now in range of the bigger symmetric triangle.This pattern isn't bearish, higher lows and moderately higher/flat highs. If this breaks to the upside, probably a lot of bulls will cover.
That squirrel needs some shorts, But they might not be long enough.Me XMan wrote:Are you suggesting my squirrel to short more
BullBear52x wrote:see my right chart, that's resistance, if I have ball like the squirrel I will short more here.