Cobra's Market View

VERY interesting right now on ES
it reached my target level

Uncle Al, we are just entering the no-volume area. if we manage to close this 5 or 10 minute bar and open the next in the this area, we should flush down rather quickly...with a minor pause at S3.

Updates

Copper http://99ercharts.blogspot.com/2011/12/copper_12.html
Crude http://99ercharts.blogspot.com/2011/12/crude_12.html

ok, the target I gave in the morning was met.

heavenskrow wrote:VERY interesting right now on ES
it reached my target level

i thought you went long on friday heavenskrow?

Updates

TNX http://99ercharts.blogspot.com/2011/12/tnx_12.html
30-Year http://99ercharts.blogspot.com/2011/12/30y_9662.html

jarbo456 wrote:

heavenskrow wrote:VERY interesting right now on ES
it reached my target level

i thought you went long on friday heavenskrow?

I did and lost 2.3% on it premarket since ES broke the neckline of the mini inverse H+S which was my stop loss level.
However right now we are retesting the neckline of the bigger inverse H+S and also parallel channel from the 3 touch resistance.

If yellow line is any guide, see the next stop below if this last one failed to hold.

Hi ALL,
I am watching CL for the last 2 hours... 97.60 is really the BIG point to watch...
I will buy any weakness beetween 97 and 97.50

Cobra wrote:ok, the target I gave in the morning was met.

I was going to ask why not this target which lines up fairly well with this morning's target?

VIX still not participating relative to the drop... that can't be a good omen.

That means that this drop isn't the meat of the downdraft... VIX needs to rocket up to signal the an upcoming bottom.

SPX: Follow up the wave (C) which is approaching the 1x1 extension = 1223

BullBear52x wrote:

Al_Dente wrote:Luke… Come…to….the….dark…side.... U drinking double egnoggs this morn?

I count any possible spikes, anyways, the only one will show is the internals name BB52x internals heeheheheeeeeeee (evil laugh)

Yo, Baron von GrinchNoSantaClaus:
In the “who’s chart is bigger” department….top this mister fancy charts:
http://stockcharts.com/h-sc/ui?s=$TICK& ... =250567739

Didn’t want to show it to you before, as I thought it a little too complex for your eyes.
There’s your harmonic TICKIE right there. This beats your little histogram shite by a mile dude.
Yea, u gotta get up pretty early in the morning to beat old Al at his TICK, he’s not playin’ around here…. except for….you know…. when he’s playin’ around….
And NO I’m not telling you the settings… not until Xmas

[When 30-year old Bill Gates asked his new-best-friend Warren Buffett if he should buy a private jet,
Buffet replied, “You’ve got to save something for later, Bill.”]

http://www.youtube.com/watch?v=L_Cf-ZxD ... re=related

heavenskrow wrote:

jarbo456 wrote:

heavenskrow wrote:VERY interesting right now on ES
it reached my target level

i thought you went long on friday heavenskrow?

I did and lost 2.3% on it premarket since ES broke the neckline of the mini inverse H+S which was my stop loss level.
However right now we are retesting the neckline of the bigger inverse H+S and also parallel channel from the 3 touch resistance.

/zb at short term resistance but still inside up channel. I think I will short TMF.

long UPRo for a scalp. stop loss 1220 on ES

Did ES actually 1220?

Cobra wrote:ok, the target I gave in the morning was met.

May get UPRO at end of day after it's recalc'ed.

heavenskrow wrote:long UPRo for a scalp.

Me XMan wrote:Did ES actually 1220?

Cobra wrote:ok, the target I gave in the morning was met.

yes and its my stop loss level.

volume surge, so should be a rebound of some kind here but the selling is not over yet.

BullBear52x wrote:

Al_Dente wrote:Paging Baron von PickPocket

Note on the ten day that your lousy DBV is offering a divergence? (lower low). So is UDN.
Looks bearish to me, please double check/verify
While TNXs pos diverg doesn’t count yet?
http://stockcharts.com/h-sc/ui?s=SPY&p= ... listNum=15

Just remember this dude: http://www.youtube.com/watch?v=SMwZsFKI ... re=related

TNX and DBV are bearish, this is a do or die level like I said another down day I don't think Santa will show up this year. Turkey god is dead, no Santa, bullish week of the year is dead. it's no good, not good at all. now vix decides to parade right along the bears now.

T’was the week before Christmas and all through the market, not a bull was snorting, not a long on target.

And all through the house, only creature stirring was Tom Demark, the mouse.

Stocks have been trashed and hammered with care, and no hope at all that profits will ever be there.

Bulls all nestled snug in their beds, with only hope and pray dancing in their heads.

These dreams are really really nifty, Tom Demark going to take us to 1360.

When out of the ticker there arose such a clatter, I sprang from my Bear to see what was the matter.

Away to my computer I flew like a flash, clicked on my messages and scrolled through the trash.

When what to my wondering eyes did appear, but a miniature sleigh and eight tiny rein-deer.

Expecting Santa I shouted with glee, but to my surprise it was only Tom DeMark the mouse and he was all there was going to be.

Santa’s not coming this year he explained, Santa is lost and cold, can’t find the North Pole.

And as the mouse said, he stole Santa’s Sleigh because so many people believe the Tom DeMark way.

The mouse then departed, stolen Sleigh and all, he smiles and he laughs then says, maybe next year Santa will appear, Thank You guys and gals, this is what happen when so many people believe Tom DeMark, my pal.

Merry Christmas & Happy New Year