Cobra's Market View

Dow Trader wrote:

jarbo456 wrote:

Dow Trader wrote:I just saw some thing strange and wanted to show it, this is CHF hourly chart moving up near yesturday news high which is a signal that Dow could follow, and if Dow followed, then we might be surprised at today close or tommorow at the open. So, I will watch it for sure because it is a warning for bulls with no confirmation yet and it is a big move so fa

warning for bulls? dow could follow CHF up? which direction do you believe the relationship to be? i've been watching the spike as well...

compair the 2 charts and you will see my point

ok. that's what i thought, but it sounded like you were saying the dow was going to follow the USD/CHF chart up. but it's actually an inverse relationship.

trendline retouch?

Al_Dente wrote:Intraday DATA http://stockcharts.com/h-sc/ui?s=SPY&p= ... listNum=15
Interpretation: We are underwater again (the red shaded area represents the intraday “underwater” zone, aka below 50ema)…But declining stocks are still weak at ~1680 = potential for more “choppy”

http://www.youtube.com/watch?v=6lFxGBB4UGU

spit it out 123.5 would ya?

Come on break down already....

Closed my short scalp because of turn of hour. Wanted lower low and may happen but 1pm scared me out.

jarbo456 wrote:

Dow Trader wrote:

jarbo456 wrote:

Dow Trader wrote:I just saw some thing strange and wanted to show it, this is CHF hourly chart moving up near yesturday news high which is a signal that Dow could follow, and if Dow followed, then we might be surprised at today close or tommorow at the open. So, I will watch it for sure because it is a warning for bulls with no confirmation yet and it is a big move so fa

warning for bulls? dow could follow CHF up? which direction do you believe the relationship to be? i've been watching the spike as well...

compair the 2 charts and you will see my point

ok. that's what i thought, but it sounded like you were saying the dow was going to follow the USD/CHF chart up. but it's actually an inverse relationship.

yes that what I ment " inverse " .. it is still a warning and CHF must go above that high to confirm and we are not there yet, but good to be a ware

key time, the 2nd test always is the key.

At what point you have as test completed?
Over $125?

Cobra wrote:key time, the 2nd test always is the key.

Dow, there are rumors that SNB might change the intervention rate CHF/EUR from 1.20 to perhaps 1.25 or even higher... So far only rumors, perhaps spread by CHF shorts.

great news for bears. Vix made hew high of day. Now waiting for UUP and TLT.

BullBear52x wrote:very bearish internals, well, what say you Dr. Al?

I say your charts are always better than mine, but being a trendie… I STILL NEED PROOF…..
ooooooooooo, looky there, I just got some proof, or “proofiness”… but I’d still like to see more PUNCH from the nydec
http://stockcharts.com/h-sc/ui?s=SPY&p= ... =247748592

BTW BB did u ever notice how sometimes when EVERY SINGLE indicator that you’ve got screams in the same direction all at the same time….. mmmmm…. a reversal maybe occurs…. just an observation?.. U?

http://www.youtube.com/watch?v=GIDZE96_ ... re=related

Anoother view:
So far, YM didn't confirm ES high of the day and the pattern made a doublt to in hourly with a confirmation if closed below 11964

this isn't bad for the bulls in the longer term.

I think chances are a little higher that the green line below will be broken.

Al_Dente wrote:

BullBear52x wrote:very bearish internals, well, what say you Dr. Al?

I say your charts are always better than mine, but being a trendie… I STILL NEED PROOF…..
ooooooooooo, looky there, I just got some proof, or “proofiness”… but I’d still like to see more PUNCH from the nydec
http://stockcharts.com/h-sc/ui?s=SPY&p= ... =247748592

BTW BB did u ever notice how sometimes when EVERY SINGLE indicator that you’ve got screams in the same direction all at the same time….. mmmmm…. a reversal maybe occurs…. just an observation?.. U?

http://www.youtube.com/watch?v=GIDZE96_ ... re=related

You see I am bull and bear, counter trend right now.
look's like your SLV is in trouble, second traped bulls is freaking out right now.

ES update

Me XMan wrote:At what point you have as test completed?
Over $125?

Cobra wrote:key time, the 2nd test always is the key.

I meant the downside test.

If the equity world was only limited to the DOW, I'd say things are looking very constructive for the bulls with a possible consolidation above the 200dma.

But, unfortunately, things aren't so simple.

Good thing the bulls had a very constructive day in Europe. Using the most basic of TA metrics, a light volume red day after a big run up, well, you could say that the DOW has good company in Europe (today anyway).

Still a bit simplistic . . .

just got back from my trip to China. Will look for the donation link in the next few days. thanks.

I see a very good chance we retest yesterday's low at 1233 to complete this wave 4 off this bounce off Friday's low. This 1233 is also a good place for all trapped bears to get the hell off the near-crashing bear train. After that wave 5 should takes us to the Oct 27 decline trend line.