Cobra's Market View

.61 cents away from a new high, are we done???

Interesting chart....we touched this trend line twice, and both times was the end of the line for the rally in financials, the part that sucks is that we haven't touched it again yet....

The pos div and breakout of true strength also indicated a trend change....

TraderGirl wrote:.61 cents away from a new high, are we done???

Almost all aboard, 65/90 MACD crossing on this hourly bar. May be a look to the other (UP) side is warranted here!

One last sell, did someone says always sell double top?. I am done, get ready to be spank I am shorting into the night.

Thank Cobra and everyone, GLTA.

TA Note: one last stand for da bears, tomorrow, can't fight them join them

uempel wrote:Update:

124.png

2:57, a break out to new highs....

now we have the new high.

TraderGirl wrote:

uempel wrote:Update:

124.png

2:57, a break out to new highs....

TraderGirl, sentiment is soooo bullish - I can't get some kind of correction out of my mind.

volume surge, so hopefully a pullback here. the market travels too long to challenge the new high so chances are the new high might not hold. let's see.

Cobra wrote:volume surge, so hopefully a pullback here. the market travels too long to challenge the new high so chances are the new high might not hold. let's see.

Ahhh, thou thinks as I

it's AAPL who saved the market. the descending triangle upside breakout target is met.

Cobra wrote:it's AAPL who saved the market. the descending triangle upside breakout target is met.

Cobra, does this put your 75% chance of $620 target back in play?

Thanks very much in advance

SPY WEEKLY

High - 156.70
Low - 66.75

Range = 89.95

Target 66.75 + (89.95 * .86) = $ 144.11

From Thomas Bulkowski
http://www.thepatternsite.com/Fibonacci.html

Nq 100 @ Top of my channel 1h:

still think we should see a pullback of some kind here, then we'll see. I read the current 15 min bar as exhaustion: largest bar with volume surge.

This is a liquidity driven market. Understand this market has nothing to do with techinical analysis, fundamentals, macroecnomics, aapl price, nothing. It is just a function of liquidity and when bernanke says more liquidity coming YOU BUY. forget t/a, economic #'s, fundamentals.

It's never going to go down anymore, I think Barrack is pumping the market more than Michelle.

Xian wrote:

Cobra wrote:it's AAPL who saved the market. the descending triangle upside breakout target is met.

Cobra, does this put your 75% chance of $620 target back in play?

Thanks very much in advance

need a new pattern. that Ascending Triangle story was already over.

Now aapl daily chart looks like a consolidation therefore is bullish biased.

MrMiyagi wrote:It's never going to go down anymore, I think Barrack is pumping the market more than Michelle.

don't you see how she's upset...

Uh oh...

Buying you a virtual drink bucket.

Buckethead wrote:This is a liquidity driven market. Understand this market has nothing to do with techinical analysis, fundamentals, macroecnomics, aapl price, nothing. It is just a function of liquidity and when bernanke says more liquidity coming YOU BUY. forget t/a, economic #'s, fundamentals.