Cobra's Market View

uempel wrote:josephli, I don't have any opinion. I just notice that SPX is following the January 2008 pattern quite closely. I have no idea what's going to happen to the world economy. Thats's for guys like Mohamed A. El-Erian to evaluate. I'm more interested in TA. And the only TA analyst whom I really respect (besides Cobra ) is Louise Yamada ...

josephli wrote:

uempel wrote:A 10 percent rally like in 2008 would put SPX at 1992 ...

uempel wrote:January 2016 is following January 2008 very closely. Check the bounces off the lower edge of the green BB 13/1 For the rest of the year: are the algos programed for 2008

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fundamentally I believe it is more like 1998 since it is more like currency issue as several emerging market currency de-peg from USD. meanwhile, some analyst have more or less the same with your view:http://www.bloomberg.com/news/articles/ ... e-subprime. maybe combination of two.

Boss, while I see the similarities, market most often won't simply repeat itself. there will be some variation, so market most likely won't follow the same pattern BOTH price-wise AND time-wise.

TLT creeps green VIX holding 20d SMA INDU strongest, takes out yesterday's and Fri's HOD .. everyone else lags

fehro wrote:TLT creeps green VIX holding 20d SMA INDU strongest, takes out yesterday's and Fri's HOD .. everyone else lags

AAPL turn green.

Going to break up

hum resistance , will be a buyer at 1874/5 if...

SPX .. mind the morning gap.. should we take out 1890, looks bull flagfish.. /CL on the move up

/CL .. 32.32 20w SMA.. possible super messy invs H&S 60m.. sounds crazy target to $37… yeah not so sure.. 2008 lows 32.70 key level again.

ok, another more reasonable option, im between the green dotted line target or blue (my poor extraplation)...(running flat option rare, i hope)

I think I found the Bull train...

Russell taking the lead UP

Out of Bounds wrote:Russell taking the lead UP

New HOD

gato.chan wrote:I think I found the Bull train...

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Looks shiny and clean. Looks like they refurbished it while its been in dock for the past month.

The longer this holds above ES 1884, the faster and bigger the afternoon rally potential based on this build up.
Price stalling here just means the hourly moving averages consolidate and inch higher to support this bull train and use them as tracks
The day session only chart shows a gap and go formation here with the swing target being the daily 20EMA currently at 1927 from last night's KISS report.

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To add: if falls below 1884 and has a continuation below 1880 then I would think this bull needs more time to retest support and it's probably a shakefest again.

The MOST ideal bull case is to hold 1884 at all times today. In other words, the ideal bull case is how a textbook go and go days come about. Gap up, go higher, stall for 3-4 hours, up more in the afternoon. Bull train that leaves no passengers behind

i don't see anything...

Josephli, I think you are in the wrong forum. Honestly.

This forum is about TA. All we do here is to look for significant patterns in the past which might have a parallelism to the present. Then we extrapolate the old patterns into today's market action. We believe in repetitions. Do you understand? Sometimes our assumptions are dead wrong, sometimes they are correct. We try to be correct. That's how we make money.

You've been here for some time. Do you know that this is a TA forum

josephli wrote:

uempel wrote:josephli, I don't have any opinion. I just notice that SPX is following the January 2008 pattern quite closely. I have no idea what's going to happen to the world economy. Thats's for guys like Mohamed A. El-Erian to evaluate. I'm more interested in TA. And the only TA analyst whom I really respect (besides Cobra ) is Louise Yamada ...

josephli wrote: Boss, while I see the similarities, market most often won't simply repeat itself. there will be some variation, so market most likely won't follow the same pattern BOTH price-wise AND time-wise.

possible C&H, bias is up.

Active shooter at San Diego Naval Medical Center.

http://www.cnn.com/2016/01/26/us/san-di ... -shooting/

bull train coming.

move into appl earnings and fed meet...st toro.