Cobra's Market View

h1 might work? not sure.

now at least h2 is needed.

Late notice, but CHK broke out on Friday morning. Has been a great swing trade since the break above 22.50-23 price.

jarbo456 wrote:Late notice, but CHK broke out on Friday morning. Has been a great swing trade since the break above 22.50-23 price.

Did they get rid of the thief CEO yet?

SPX 60m, 5m, possible small bear flag on SPX 5m (still a bearish rising wedge fwiw.)

“Nasdaq Focuses on Pivotal 2 Minutes in Trading Halt”
Click on the first story here:
http://www.google.com/search?hl=en&gl=u ... eucuqxhXuw

“…traders noticed that quotes to buy Nasdaq-listed stocks were coming in at higher prices than quotes to sell those same stocks, an inversion of the normal order. Prices also seemed to be old, or ‘stale’ in Wall Street parlance."
“It immediately signals there is something wrong”
…”acting weird"

small new highs in NY nyhgh and Amex amhgh is positive, not overwhelming bullish but hope to see Im Vol dip and decliners start to fall later today,
still feels like its only shorts closing losses IMHO so not too hurried to get long here unless bankers start to rally and rvx falls more

MrMiyagi wrote:

jarbo456 wrote:Late notice, but CHK broke out on Friday morning. Has been a great swing trade since the break above 22.50-23 price.

Did they get rid of the thief CEO yet?

a long time ago.

I don't trade S&P but this chart might help some trader here.
the low in this chart looks like Cup & handle formation but my problem with this low is the moving averages because it is the first attempt to push all the averages to the upside. Usually the first attempt fail or at least makes a test for the low ( but not with S&P and Bernanke )

AMZN and downtown Seattle
http://www.nytimes.com/2013/08/26/us/as ... d=all&_r=0

ascending triangle? lunch time, will be back.

Al_Dente wrote:AMZN and downtown Seattle
http://www.nytimes.com/2013/08/26/us/as ... d=all&_r=0

Al I can tell we are both catching up on The Big Picture blog right now

L_T wrote:

Al_Dente wrote:AMZN and downtown Seattle
http://www.nytimes.com/2013/08/26/us/as ... d=all&_r=0

Al I can tell we are both catching up on The Big Picture blog right now

yup
oy

I wish Seattle would do something about their horrendous traffic....

joegamma:

I am still learning H1 and H2 and do not understand them although I got the meaning of them as the following:

H1 - First pullback in an uptrend, above 1st bar that has a high above previous high.
H2 - Second time a High above previous bar in that same pullback

Anyone can give some explanations with examples about how to know it is an H1 and H2 in the chart? When Cobra at lunch, some experts may help us?

Thanks!




by stlwater » Fri Aug 23, 2013 3:30 pm
Apple wrote:

licai5688 wrote:Cobra, I am asking again:

When you have a chance, can you explain or give a link to h1 and h2? I have tried to search a link but could not find it.

Thanks a lot!


are you thinking this may be h1-long now? I am not so familiar with the Brooks science....

MrMiyagi wrote:I wish Seattle would do something about their horrendous traffic....

what you mean? doesnt the monorail work? a revolution in transport indeed!

possible wedge break SPX 5m

licai5688 wrote:joegamma:

I am still learning H1 and H2 and do not understand them although I got the meaning of them as the following:

H1 - First pullback in an uptrend, above 1st bar that has a high above previous high.
H2 - Second time a High above previous bar in that same pullback

Anyone can give some explanations with examples about how to know it is an H1 and H2 in the chart? When Cobra at lunch, some experts may help us?

Thanks!

Just sent you a PM with a long summary.

Richarab wrote:what you mean? doesnt the monorail work? a revolution in transport indeed!

Monorail works great... at Disneyland!!

100% mm. too late. this pullback might have small legs at least.