Cobra's Market View

FWIW, there are now two planets in a state of debilitation. Venus entered Virgo last week and now this week Mars enters sidereal Cancer. Both are considered hostile environments for the planets concerned. The stars would seem to support the notion of a deeper correction quite soon.

http://www.modernvedicastrology.com/mar ... -august-19

Right now, do not know if intermediate term high is in YET, s/t oversold and (outside lower BB) some hints that SPY should consolidate, trade higher 2-6 days on average....momentum, breadth, internals hint that IT high is IN in my opinion, though some are mixed.

This for LongTERM

This is New highs to Advancers, theory (from Greg Morris' "Breadth" book) that it makes sense newhighs will be stronger at begin of uptrend and weaker at end of uptrend, and that advancers will still rise at slower pace and always have some stocks 'late to the party'.

Weekly seems to hint that LT bear market if this weekly ratio 19wema is below 100wema, and its pretty safe to be swing short when green line is falling (5% weekly trend) And is below purple (10% trend )

FWIW: No Fear market - Thursdays indicators(Trin / Vix / CPCE)

http://ponziworld.blogspot.com/2013/08/no-fear.html

Trin 200 DMA - overbought??

http://ponziworld.blogspot.com/2013/08/ ... pring.html

pezhead9000 wrote:Trin 200 DMA - overbought??

http://ponziworld.blogspot.com/2013/08/ ... pring.html

that looks abit scary