Cobra's Market View

I tried getting in here earlier. I couldn't get access. There were a lot of fancy trend lines, moving averages, ellipses, but you guys missed the most obvious trend line.

Petsamo

Here is that line with some context.
SPX http://99ercharts.blogspot.com/2011/06/spx_1834.html

Welcome!

Hi all,

This is my first post to this excellent board...have been reading an learning a lot...(Cobra, you're a dynamo!!!...nice work)

Here is a post that stood out in my mind from last week...excellent call!

<<Re: 06/23/2011 Intraday Watering
by trust_yr_instinct » Thu Jun 23, 2011 1:17 pm

careful bears ! you have end of quarter end ( Q2 ) next week and only 4 days left to cover your very profitable positions for the quater, ( cover now while you can not when you HAVE to ) PMs and big Hedge fund managers will HAVE to mark up things next week for their performance bonus to kick in, and as we saw in the past ( ie esp march 2011 ) performance chasing, bonuses and the Q END numbers matter more than " ALL ELSE " ...even the nuclear problems in march didnt stop them from bringing the market back up into Q1 end... so ? what happens if everyone has to chase in the next few days !!>>

Cobra wrote:well, guess, that's it for today. not much to say today. a little bigger picture, the very first visible pullback on the SPY 60 min or daily chart is buy, very rare this kind of push up fails right away.

wait, market close early today???