Cobra's Market View

When you look at the stock market, do you see the gorilla?
“…we are all subject to inattentional blindness all the time…”
Click on the first story here:
http://www.google.com/search?hl=en&gl=u ... Z2eRRMyRSs

Coal ANR and ACI jumped Friday.



http://www.fool.com/investing/general/2 ... eback.aspx

I haven't posted in quite a while although I do follow the discussion. It seems to be only a matter of time now before the rally ends.

Here is an intriguing astrological analysis of the effect of Venus transiting sidereal Virgo. (yes, it's mine) This transit lasts about 4 weeks and happens every year. Stocks have been negative for that last five such transits, falling between 4-7% for the transit period. Given where we are now and how tired the market looks, it may not be that insightful but it does add to the general sense that some kind of correction is close at hand.

http://www.modernvedicastrology.com/Fed ... -august-12

ultramarine wrote:.....Here is an intriguing astrological analysis of the effect of Venus transiting sidereal Virgo. (yes, it's mine) ...

"LIKE" thanks

Bringing stuffed celery to the bear picnic. 15 yr ITY daily, clearer picture than DJTransports. Nasdaq's TRAN, about the same but did not particularly like that index's components' charts for a LongTerm short. Using ADX loosing up trend strength, MarketForecast green right @ breakdown point with DOW in agreement but /ES and Rut futures just a tad not quite yet. Hmm.

/GC daily: LT red fibfan breakout point could be around Aug. 19 if up trend continues and it breaks through resistance of 1347 and just as I'm bout to post huge green candle. This last retrace was exactly to the 61.8% fib. If DOW,etc. markets trend down hard gold might retrace again. When it turns up from that it should be the safe Long call.


GDX hourly in up channel; has retraced to the 61.8%. It could just be touching the back side of the pink fibfan. sort of depends what it does here: if retrace, how far; if flat still wait and see. If more up put in calculated stop. RGLD is looking strong.