Cobra's Market View

Petsamo wrote:

jarbo456 wrote:bullish hammer on the SPX for the daily chart?

we haven't seen the 20MA on the daily in 15 trading days. in october it took the 16th day to drop down to it.

Aren't bullish hammers suppose to appear at the bottom, like in UNG ?

yes. sorry, i was being sarcastic...the "hanging man" as has been pointed out is currently the correct pattern. but bearish patterns don't seem to matter so much...i'm sure we'll have a zippy green day tom. to negate the hanging man.

Cobra wrote:

alvian33 wrote:cobra, do you still see a top of some kind here, I know we need to wait but what do you think?

Also, do you think gold is a buy, I hold some short gold, what is your view on it? thanks

Still think top is around.

gold might have a short-term pullback first, then more up.

T2122 is close to upper band, so the market is going into thin air the next days imho

fear not bears, if the SPY were to open a mere 128.20 and the island reversal would be devasting given the stochs...only a headline away

SPY

http://99ercharts.blogspot.com/2012/01/spy.html

Try charting this!

lcgllc wrote:fear not bears, if the SPY were to open a mere 128.20 and the island reversal would be devasting given the stochs...only a headline away

We need downgrades for that to happen. Everyone is bullish because it passed the January barometer plus it's an election year. It's like a double whamy for mom&pop and therefore likely bringing the market up in the end unless we have downgrades.

Just my 0.02

Corba~ why you said YGE looks good? is it exhaustion today?

Purchase Operation by Treasury,
January 13, 2012

Outright Treasury Coupon Purchases

$4.25- $5.00 billion

BullBear52x wrote:

Al_Dente wrote:PAGING Baron von PinkSheets
Only for you QQQ
http://stockcharts.com/h-sc/ui?s=QQQ&p= ... =253605194
You have to admit the nas tickq has a much more revealing structure than that nyse tick (on the one min, it’s not on this chart).
Check that trinq !! (1.00 is still a valid benchmark on trinq).
http://www.youtube.com/watch?v=QR4vE9xL3yk

I would never give myself a pink slip, I will give myself a bonus tomorrow.

No no no no no no dude, pink sheets were the old school method of getting OTC quotes, literally thousands of quotes printed on loooong sheets of bright pink paper, delivered by hand every morning all over wall street. It was the ONLY way you could get quotes from all the market makers overnight, then you'd pick the best quote and call the market maker by telephone and negotiate a buy/sell.....antique....before yr time....so quaint now
NOT NOT NOT pink slip

Let's see if Helicopter Ben will do QE3 to send this market higher.
Market has been trading like QE3 is in the bag.
I'm ready for either direction.

Evening Update

ES http://99ercharts.blogspot.com/2012/01/es_35.html

Have a good one.

Silver:

I can't believe it. This: 4CH 2.4GHz Mini Radio Single Propeller RC Helicopter Gyro V911 RTF is not in the Toys and Games section. It has to be searched for in Arts, Crafts & Sewing section. (The 4 channel heli is the next step up from a 3 channel Syma S107G.) Ordered.

Al_Dente wrote:

BullBear52x wrote:

Al_Dente wrote:PAGING Baron von PinkSheets
Only for you QQQ
http://stockcharts.com/h-sc/ui?s=QQQ&p= ... =253605194
You have to admit the nas tickq has a much more revealing structure than that nyse tick (on the one min, it’s not on this chart).
Check that trinq !! (1.00 is still a valid benchmark on trinq).
http://www.youtube.com/watch?v=QR4vE9xL3yk

I would never give myself a pink slip, I will give myself a bonus tomorrow.

No no no no no no dude, pink sheets were the old school method of getting OTC quotes, literally thousands of quotes printed on loooong sheets of bright pink paper, delivered by hand every morning all over wall street. It was the ONLY way you could get quotes from all the market makers overnight, then you'd pick the best quote and call the market maker by telephone and negotiate a buy/sell.....antique....before yr time....so quaint now
NOT NOT NOT pink slip

Ah! I thought you meant "Pink Slip" anyhow, wow you are old, why waste your time with this crazy market?

BullBear52x wrote:

Al_Dente wrote:

BullBear52x wrote:

Al_Dente wrote:PAGING Baron von PinkSheets
Only for you QQQ
http://stockcharts.com/h-sc/ui?s=QQQ&p= ... =253605194
You have to admit the nas tickq has a much more revealing structure than that nyse tick (on the one min, it’s not on this chart).
Check that trinq !! (1.00 is still a valid benchmark on trinq).
http://www.youtube.com/watch?v=QR4vE9xL3yk

I would never give myself a pink slip, I will give myself a bonus tomorrow.

No no no no no no dude, pink sheets were the old school method of getting OTC quotes, literally thousands of quotes printed on loooong sheets of bright pink paper, delivered by hand every morning all over wall street. It was the ONLY way you could get quotes from all the market makers overnight, then you'd pick the best quote and call the market maker by telephone and negotiate a buy/sell.....antique....before yr time....so quaint now
NOT NOT NOT pink slip

Ah! I thought you meant "Pink Slip" anyhow, wow you are old, why waste your time with this crazy market?

What else to do? Retire? zzzzzzzzzzzzzzzz

A s/t top for SPX is pending confirmation, but KBE (bank etf) has a "clear" reversal pattern

ES GLOBEX: The Triangle Idea

(thewavetrading.com)

TVIX: A potential bullish setup is coming .......

(thewavetrading)