Cobra's Market View

I hope this will be not 2x bottom

consolidation here is OK, just no sharp rebound, wait.

I'll be out for about an hour, be back around 3pm. you guys be nice to each other, I'll bring candy and reward those who're nice with one star.

Italy down 4.5% today and we are down only 1.19%...means we haven't reached time and price, otherwise we would be down with europe....IMHO....

MrM..I got a green P bar up to 151.32 at about 1:20..Seems lately the green ones work faster.

TraderGirl wrote:

KeiZai wrote:

TraderGirl wrote:XIV has potential pos d on the hourly...wonder if it goes down to tag lower trendline before a more decisive move up...

Good point TG this makes me cautious I see it as 4th with one aggressive push up in very near future

posted this chart in WW and so far nothing have invalidate it (this move down can be c-wave of irregular and then we go up to shake out remaining 2 bears ): viewtopic.php?f=2&t=814&p=116451#p116451

Interesting 3 push up pattern...

Nice not sure if peaks have to be in linear line but it can be also gann's rule of 4 (with 4 peaks) "when a stock reaches for a 4-th time a certain level, do not go against that trend. However, if that level holds for a fourth time (as support or resistance) a trend in the opposite direction is very often initiated."

Strong support is holding at the moment
But if it bounces here it would be a quad bottom
Is there such a thing?? quad bottom??
I don’t think so…….(no time to check bulkowski)

$SPX: Corrective but maybe this time it will be different

KeiZai wrote:

TraderGirl wrote:

KeiZai wrote:

TraderGirl wrote:XIV has potential pos d on the hourly...wonder if it goes down to tag lower trendline before a more decisive move up...

Good point TG this makes me cautious I see it as 4th with one aggressive push up in very near future

posted this chart in WW and so far nothing have invalidate it (this move down can be c-wave of irregular and then we go up to shake out remaining 2 bears ): viewtopic.php?f=2&t=814&p=116451#p116451

Interesting 3 push up pattern...

Nice not sure if peaks have to be in linear line but it can be also gann's rule of 4 (with 4 peaks) "when a stock reaches for a 4-th time a certain level, do not go against that trend. However, if that level holds for a fourth time (as support or resistance) a trend in the opposite direction is very often initiated."

The attachment XIV-4.png is no longer available

I consider the triangle one push up...but if price should fall through support then we know our answer...

What's star?

Cobra wrote:I'll be out for about an hour, be back around 3pm. you guys be nice to each other, I'll bring candy and reward those who're nice with one star.

Umm.. say what Cobra?

This last dn move bounced off of the mini dome res ,completing the dn move..Sometimes this is not a good sign for bears.Lets wait and see.

KeiZai wrote: it can be also gann's rule of 4 (with 4 peaks) "when a stock reaches for a 4-th time a certain level, do not go against that trend. However, if that level holds for a fourth time (as support or resistance) a trend in the opposite direction is very often initiated."

THANKS FOR THAT boss

KENA wrote:This last dn move bounced off of the mini dome res ,completing the dn move..Sometimes this is not a good sign for bears.Lets wait and see.

my system says the same thing, could be a bounce to 1499 area...prob overnight

bushwaffle wrote:

KENA wrote:This last dn move bounced off of the mini dome res ,completing the dn move..Sometimes this is not a good sign for bears.Lets wait and see.

my system says the same thing, could be a bounce to 1499 area...prob overnight

are you guy buying to the kiss?

SLV trading in a triangle...there is negativity in this chart, so needs to break out of this triangle to be bullish...but my thoughts are we test the $20.50 high sometime in 2013...

BullBear52x wrote:

bushwaffle wrote:

KENA wrote:This last dn move bounced off of the mini dome res ,completing the dn move..Sometimes this is not a good sign for bears.Lets wait and see.

my system says the same thing, could be a bounce to 1499 area...prob overnight

are you guy buying to the kiss?

no way, looking to sell it back to 1490 tomorrow, unless conditions change...

Al_Dente wrote:

KeiZai wrote: it can be also gann's rule of 4 (with 4 peaks) "when a stock reaches for a 4-th time a certain level, do not go against that trend. However, if that level holds for a fourth time (as support or resistance) a trend in the opposite direction is very often initiated."

THANKS FOR THAT boss

BullBear52x wrote:

bushwaffle wrote:

KENA wrote:This last dn move bounced off of the mini dome res ,completing the dn move..Sometimes this is not a good sign for bears.Lets wait and see.

my system says the same thing, could be a bounce to 1499 area...prob overnight

are you guy buying to the kiss?

pop at some point to form the RS?

oh here it goes

EDIT : false alarm just a bigger flag

Another interesting chart on TLT....the below indicator has signaled a low of some kind since 2003 (that's as far as my chart goes)..

Pretty reliable indicator...