Cobra's Market View

the 2nd time testing the high, so key time.

Potential double top on SPY

Petsamo wrote:Potential double top on SPY

Not now

koseh nanat

C&H target.

Trader Girl

Like your thoughts on FAS. Bounce could come tomorrow when JPM reports...then down next week on your turn dates maybe?

Well that wasn't much of a pullback

another target but it HAD only 50% chances. lunch time, will be back. I'm gonna need you bailout package today again. later.

The Boyz Are back in Town!

A 600 and 400 quote stuff seconds apart:

http://www.youtube.com/watch?v=1FmPhJkdTwU

mmmmmmmm.... lime greeeeeeen........

stockcycle wrote:Market can't be more bearish than this:

"When trader speak in definitives, he blind one eye to market activity"
- Confucius' Brother who traded

The mkt lows held right on a 4 pt channel line. That's not bearish THEN. Tomorrow may bring something, "Completely Different"

If we break this channel line at about 134.05 They might find a complete lack of sellers.

Don't bet on the end of the world, it only happens once and you'll never get paid.

MrMiyagi wrote:mmmmmmmm.... lime greeeeeeen........

Old trader trick. Be 100% long, sell 30% out and yell, "I'm Flat".

What, you think something else did this from 133.33? (a cursed number if there ever was one!)

Bars n bars..

trendlines fwiw.

2nd target of 133.80 reached.and now may take a little rest befor trying for 3rd and last target of the dome at 134.40 +/- a bit.

zudec wrote:Trader Girl

Like your thoughts on FAS. Bounce could come tomorrow when JPM reports...then down next week on your turn dates maybe?

there is a turn date of 13-16th...this could time a bottom, but it also has +3 days factor...

I have seen charts that give a lower low around the 19/20th...but that is no guarantee it will be a lower low...we could see the bottom tomorrow or monday...

I have seen a chart that has us down again tomorrow, just as I had a chart that gave us a down day today....but will it give a lower low?? If the 13/16 window times a bottom, then we must begin to see support very soon, and establish pos d...

Could be up big into 24/25th dates...but from what low??

DJI TSI has a small break on hourly support, very shallow, don't know if it means anything...but we bounced from support on the hourly chart, needs to hold on a pullback to go higher....

Unique wrote:Potential, but low probability..

20EMA on 5min must hold for both to have any significant chances

Gap fill, both AAPL and SPY, 604 and 134.3 respectively.

AAPL reached gap line faster, first touch gap is always a short.

This will explain it..Now chopy up or just plain up..Lets wait and see.

OK, all targets have been met except that 50% chances one. let's see.