Cobra's Market View

double bottom?

I don't think this is the bottom in GOLD but maybe could bounce (somewhere around here) after smallish wave down, I am still short there from 1410 (MA150) (took some profit today tho)

O: viewtopic.php?f=2&t=1037&p=139987#p139987

volume surge again, so still could be double bottom. wait.

$SPX: Today´s hod can have concluded the TZZ off the August 28 lod

internals

no double bottom. this pullback may still have legs.

SPX 5m

bulls need exceed mini rebound target first.

Stopped out of Corn flat.

Short crude (toe in the water)

Long GDX
Long gold this AM
Both GDX and gold hang on this support level holding...

Short SEMI's (toe in the water)

Long Coffee, IACI, END

Gold is at a critical moment. Either this pattern pays or it's back to test the lows.
Not for the faint of heart.

HLF

QE taper kneejerk is a buy the dip. Later the inability to unwind debt may be something else though.http://www.imf.org/external/pubs/ft/wp/2013/wp13186.pdf

At support:

met the mini rebound target is the very 1st step toward bottoming today.

Current state of chemical weapons talks:

http://online.wsj.com/article/SB1000142 ... 47312.html

Seems Assad is starting to make some demands, hence the pullback I'm guessing.

The Syrian leader said Damascus wouldn't fulfill the agreement "unilaterally," but would require reciprocal steps from the U.S. to stop threats against his government and halt arms supplies to "terrorists," the Assad regime's term for the rebels who are backed by the U.S. and its allies.

SPX 5m... hanging at resistance

TraderGirl wrote:

MrMiyagi wrote:

TraderGirl wrote:I posted because I didn't want anyone on the potentially wrong side of the trade....

How long ago was it at 16$?

Oct 2008...

GOLD target 1300

168.23 next?

Bought the third green arrow low down for SPX +17% to 1970 target
$UST target +21% to 150

This ain't a political blog and I'm glad it ain't - but this vivid bbc article suggests that the rebels are no different than the governement troops. It's a civil war and that's about it. Whoever want's to join the killing is out of his/her mind...

http://www.bbc.co.uk/news/world-middle-east-24039309

Darkmatter wrote:Current state of chemical weapons talks:

http://online.wsj.com/article/SB1000142 ... 47312.html

Seems Assad is starting to make some demands, hence the pullback I'm guessing.

The Syrian leader said Damascus wouldn't fulfill the agreement "unilaterally," but would require reciprocal steps from the U.S. to stop threats against his government and halt arms supplies to "terrorists," the Assad regime's term for the rebels who are backed by the U.S. and its allies.