Cobra's Market View

Me XMan wrote:DOUBLE TOP!

BullBear52x wrote:I posted this chart on the weekend watering, not bad (bragging) well intraday sell triggered, lets see if indicators will take us anywhere. so far the MM manage to do the opposite. sell double top and have to trade <134.61 to confirm the sell.

no chance.....looks more like a triangle...up up up up.

I looked at the Transports with a comparison to the Industrials.

http://www.atruecontrarian.com/2012/02/ ... 2-dow.html

hopefully it's triangle, so the bias is still up.

trendlines... Monday's gap got filled.

target, if indeed breakout.

Banks and semiconductors are barely up, but the dow is up huge? lol...

/HG almost filled the gap, yikes

I take this as Neg D

BullBear52x wrote:Paging Dr. AL
I will post all my indicators study here http://bullbear52x.blogspot.com/ from now on, this board I will talk intraday only.

(that is me...u wont' recognize the name)

Cobra wrote:target, if indeed breakout.

i wish i were a bulltart. i'd be much less bitter and have way more lunch money.

Someone's buying VIX calls, betting it's going to double, and pop to $35 in the next week to be in the money...

lunch time, will be back. maintain the target.

springheel_jack wrote:Just for the record Prechter advised his subscribers to go (leveraged!!!) short at about 1290 with a stop at 1360, on the basis on imminent major 3 down or whatever. I also have it on very good authority that EWI counts all conform to EW rules, however wildly wide of the mark they eventually turn out to be.

Updating Prechter's record......

Prechter started calling a top by AT LEAST 988 SPX on August 28, 2009. Two others who have subscribed confirmed Aug, 2009. Those shorts have never been covered. He did not advise everyone to go short, but only traders and not investors. It's a nice marketing technique. He did catch 80%+ of the down move. But it would be unfair to single him out as I saw a list of the top ten market analysts with a solid record ALL stating the top was in place near SPX 1000.

As to his validity of counts to theory, that is not correct. I could pull many charts of theirs up and point out where they have violations and I know people who have written to them and the replies are rather cryptic. They have violated them with regularity to fit their bearish stance. The best thing for bears is his capitulation and retirement.

B waves are drawn out affairs. Note on the chart (taken from August 28, 2009), and this count changed multiple times, the brevity of the B waves. When a B wave is minuscule to wave A the count is always going to be wrong and it is likely a 2 or an X wave.

Al_Dente wrote:

BullBear52x wrote:Paging Dr. AL
I will post all my indicators study here http://bullbear52x.blogspot.com/ from now on, this board I will talk intraday only.

(that is me...u wont' recognize the name)

You can call me name there too

fun time !? lol

stucap wrote:

Cobra wrote:target, if indeed breakout.

i wish i were a bulltart. i'd be much less bitter and have way more lunch money.

You referring to me? Still got my large TVIX position in play so you might be right.

I am like a crocodile though...I can wait for a very long time for the tasty meal and not eat for months!!!

Allright! Let's have a downleg!

HFT information in real-time

Again a reminder that the HFT program guy is often online (but usually not Wednesdays) commenting on what is taking place with the machines.

http://stocktwits.com/HFTAlert

There is no advertising for his program (expensive) or service. These are on StockTwits at no cost and no discussion takes place.

megaphone? broadening top?... on the 15m?

SPX

Megaphone Top.

http://www.99ercharts.com/

GLTA.

Baron von Grail

5min
Just glance at the dots
All I’m doing here is noting the volume flow that pushed spy to Friday’s high vs now
It’s INVERTED so the “volume flow” is into advancing stocks
http://stockcharts.com/h-sc/ui?s=SPY&p= ... listNum=15

DON’T MEAN A THING
It’s totally useless info until it teaches me how to read it properly (will test a month)