Cobra's Market View

All we need a couple days of down and we could easily get a MACD crossover on the daily...look how BBand has expanded down to 1500 area...

billrider321 wrote:I am following cobra for many years.He really works hard Nothing against him. Its just my bad luck for last few week.
I understood AAPL was in uptrend and spy will go down ans that didnt happen its little frustration.

You should explain it like that instead of popping off in the forum. We all get testy sometimes! Let yourself cool off before you hit the button and post in the forum - sometimes it's real easy to come off looking like something you're not.
heck, you should see my p/l sheet for the day. Now that was a mess.

uempel wrote:I'dont think that the bank run in Cyprus can be called "a fun thing". Imagine if you were living there and it were own money. The whole matter is a pain for the entire system and we're included too, even if we live far away and hardly any signs are visible. But one day the debt issue will come back to haunt the US and Europe

sorry for misunderstanding I mean fun in the markets, definitely not out there...actually I have 2 firms located there and tons of friends so I am not laughing on what's going on there

talking APPL... broke out of the pink down channel... but closing under the 50 day again... could be forming a right shoulder of an inverse H&S.. or a triangle.. with still more downside to come. Still has not met it's pink H&S target. fwiw.

billrider321 wrote:I am following cobra for many years.He really works hard Nothing against him. Its just my bad luck for last few week.
I understood AAPL was in uptrend and spy will go down ans that didnt happen its little frustration.

I posted this chart the other day in AAPL...wave 5 to end C...

ClarkW wrote:

Out of Bounds wrote:

Cobra wrote:

billrider321 wrote:Cobra,

All your Bear call had been realy bad ones. Appl long is also a bad call. Comeon man ...
For some reason I cant post on your paid site..something wrong with disqus
Bill

Really? I didn't recall I was too wrong. Here's the aapl chart. and here's the 3 push up call this morning and thereafter until now. Tell me, where goes wrong. also in my daily report, the very first line, did I say something bearish? I cannot believe you said this. You want me to post screenshot to my last night's report as well?

1.png

2.png

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...and BANG! Folks he's knocked out! Two punch fight. The contender swings and misses and the champ connects square to the jaw.

No doubt! I have to say Cobra's been spot on regarding Apple. Things happen and he shifts, that's called trading! And I don't think he's been bearish on his nightly reports at all. He just points out what NEEDS to happen for bears to gain strength...and it's not happening. He's been bullish most of the time. Wasn't it a week or two ago someone was getting on Cobra for "ALWAYS BEING BULLISH"? Can't win with some people Cobra! Keep doing what you are doing! You are doing great!

Totally agree, cobra makes great calls, no question about that

Don't remember where I first saw this indicator but jnk:tlt dropped below its 50 day sma today. Another leading indicator that has been pointing down for a while.

FWW.. AA painted a nice big bullish engulfing at the double bottom within a bullish flag pattern. Not wonderful volume, not as much as I would have hoped for, but it is what it is. Stochastics 12/3 got a cross.. and if you are looking at it the way I see it.. it's a reverse H/S pattern with a double right shoulder, possible upside target if valid = $10.50

Looks like QIHU might need to summon the courage to push up through horizontal resistance, or gap over it. Sold my long and will re-buy a successful push through. As I've said QIHU has a lot of upside and it looks to be painting a cup / handle breakout over a much larger time frame. A successful push through resistance would be a good time to take a position in anticipation of that larger pattern to be fulfilled.

HAS has been a mover but It is encountering a possible channel top and will need to cool off a bit as indicated by volume dropping off, weekly RSI tipping into overbought, mACD ticking down in the weekly barring a huge push up tomorrow. It could return to its weekly 16EMA, that is if the market is still progressing upward at that time. If historical price action from past trends in HAS is any indication, I think we're looking at another 50%-60% to the upside, around $59.

Cobra, I followed your paper trade into EUO. I wanted to get in on UCO but missed the trade.

$ES_F (Globex) Follow up of the Triangle option

stlwater wrote:FWW.. AA painted a nice big bullish engulfing at the double bottom within a bullish flag pattern. Not wonderful volume, not as much as I would have hoped for, but it is what it is. Stochastics 12/3 got a cross.. and if you are looking at it the way I see it.. it's a reverse H/S pattern with a double right shoulder, possible upside target if valid = $10.50

Looks like QIHU might need to summon the courage to push up through horizontal resistance, or gap over it. Sold my long and will re-buy a successful push through. As I've said QIHU has a lot of upside and it looks to be painting a cup / handle breakout over a much larger time frame. A successful push through resistance would be a good time to take a position in anticipation of that larger pattern to be fulfilled.

HAS has been a mover but It is encountering a possible channel top and will need to cool off a bit as indicated by volume dropping off, weekly RSI tipping into overbought, mACD ticking down in the weekly barring a huge push up tomorrow. It could return to its weekly 16EMA, that is if the market is still progressing upward at that time. If historical price action from past trends in HAS is any indication, I think we're looking at another 50%-60% to the upside, around $59.

Cobra, I followed your paper trade into EUO. I wanted to get in on UCO but missed the trade.

Hi wolf , I have posted this chart in january about AA might it will play out so far it looks good : viewtopic.php?f=2&t=789&p=112552#p112552

GLTU

$DAX: I maintain the count posted on March 11 = This is a wave (B)

$DAX: The DZZ count

$NYMO: It could also forming a contracting pattern (Like SPX)

$EURUSD: Pattern from Feb 1 high is corrective but there is absence of an ending pattern

$VIX: The Bulish Falling Wedge option remains a probable outcome