Cobra's Market View

SPX 60m

TraderGirl wrote:

fehro wrote:

TraderGirl wrote:RUT...done soon??

I'm not sure. Daily looks like lower levels coming

Intraday only...not longer term....

I wouldn't hold long overnight at this point... looking at the SPX chart. sure we could bounce... but we could easy break it hard again tomorrow.

1der wrote:Hello PPT, anyone home? hmmmm, maybe on vacation, hopefully not in the middle east

they were getting short stocks last week, to make up losses for the big 01 rate exposure...

NYDEC very high just under 2500.

mini rebound target.

Cobra, is that a Bull flag, the entire day today?

don't like the daily candle.. on support from the Nov 2012 lows. You could say there is a little H&S there just pointing it out...as today's action down makes it more legit, but take it with caution. The blue line is the trendline from Oct 2011 lows. Again I would not be surprised to see a hard push down again tomorrow, or we make a small doji more likely tomorrow. SPX daily

bear target. I'd only hope test the day low though.

well, guess that's it for today. Wednesday tomorrow has been down 5 weeks in a row. thank you guys, I'll see you tomorrow.

before the close, please take a little time to vote for me, thanks. http://stockcharts.com/public/1684859/tenpp

$SPX: Possible short term count

Would 483 be a good point to start buying $AAPL again?

I mean we had such a strong uptrend, surely the first dip shall be bought?

Thx!

ricster3 wrote:I mean we had such a strong uptrend, surely the first dip shall be bought?

Maybe, maybe not... Here's my take, no recommendations:

ricster3 wrote:Would 483 be a good point to start buying $AAPL again?

I mean we had such a strong uptrend, surely the first dip shall be bought?

Thx!

Here is my take on AAPL, Last buy failed to make a new high and any more weakness tomorrow will pull down histogram to negative.

Bull: I will use 498.2 as line in the sand
Bear: wait for new sell set up that is coming up soon.

test