Cobra's Market View

Looks like my TZA is cooperating this morning, but for how long?

Paging KeiZai!

Sorry for the delayed answer…Last night, while I was checking the weekend posts, I stumbled over an offensive exchange of hatred that Cobra also noticed …and I decided to stay away from this environment…I got out without publishing a series of charts and discussions which I posted on Twitter instead…in an abbreviated form.
Anyway, today I went back to the weekend events, for obvious reasons, and I found your message.
Here is a “special edition” answer for you:
Yes, IMGN is indeed very strong. You can notice it even today on the intraday chart….
I would buy it even now, which is late after starting its up-trip, if it bounces from the Fractal MA (right now~15.08) which, recently, was a strong support.

GL with your trades!

KeiZai wrote:Bounce?

That's not the 5th wave down this morning. Originally I thought so too but it is now showing it is morphing into 2nd leg down and hopefully it will stop at 1298 cash.

uempel wrote:Cobra, depends where DAX closes, if DAX manages to rally into the close and end at around 6140 things look ok.

DAX closed below channel support (very bearish) but above the lower BB of 13/1 (minor support). As daily technicals looks bad, no more bottom fishing for me

cougar wrote:Paging KeiZai!

Sorry for the delayed answer…Last night, while I was checking the weekend posts, I stumbled over an offensive exchange of hatred that Cobra also noticed …and I decided to stay away from this environment…I got out without publishing a series of charts and discussions which I posted on Twitter instead…in an abbreviated form.
Anyway, today I went back to the weekend events, for obvious reasons, and I found your message.
Here is a “special edition” answer for you:
Yes, IMGN is indeed very strong. You can notice it even today on the intraday chart….
I would buy it even now, which is late after starting its up-trip, if it bounces from the Fractal MA (right now~15.08) which, recently, was a strong support.

GL with your trades!

thank you so much cougar for your insights and great charts! Good luck buddy!

Signal worked fine - but I expected a bounce, no dip.

Read a technical report from CS about the importance of 1310 - for their analyst it's the Rubicon

silver update...GOLD is preparing for same action

Quick update..Liquidity had a small up tick and Strong stocks very small up tick and weak stocks decreased a small amount. Dorsey Wright P&F NYSEBP and others had small dn tick..Over all mkt still some what bullish for intermediate term..We will have window dressing later this week..Not in mkt overweek end or so far today but waiting..Thinking mkt may go green for the week."MNST" looks good for a swing trade long.Look at your charts.

Bouncy bouncy time? SPX 1500???

10years consolidation before breakout? or small triple top

aud/jpy is blue……..15 min
http://screencast.com/t/tfFPdX5N

Cobra wrote:I should be more confident about 3 push up 2 leg down pattern on AAPL. hey, it's aapl, who dares to call bear? http://stockcharts.com/public/1684859/c ... /260183775;

Hi Cobra, Not sure on your inference here; please give us a few more words to help the "Cobra-Speak" impaired. Thanks, Bert

resistance here half out

uempel wrote:Signal worked fine - but I expected a bounce, no dip.

Read a technical report from CS about the importance of 1310 - for their analyst it's the Rubicon

For what its worth: Lower BB (13,1) = 1314.29

KeiZai wrote:10years consolidation before breakout? or small triple top

10y.png

Can you post a chart going back to the high (the 20 yr was June 1st) as this looks like wave C up of a correction and is to be shorted if it is.

good call, is it time to enter short?

thanks

KeiZai wrote:resistance here half out

bertdanner wrote:

Cobra wrote:I should be more confident about 3 push up 2 leg down pattern on AAPL. hey, it's aapl, who dares to call bear? http://stockcharts.com/public/1684859/c ... /260183775;

Hi Cobra, Not sure on your inference here; please give us a few more words to help the "Cobra-Speak" impaired. Thanks, Bert

I believe it's 3 push up then 2 leg down and actually I'm right. But I did hesitate a lot to say so, therefore you can see on the chart I said "wait and see". I admit, simply because it's aapl, I'm very scared to call bear on it. You can also find my hesitation in the Featured Stock report in the weekend: http://www.cobrasmarketview.com/2012/06 ... tock-aapl/

200 day target? 1296? or green trendline 1258ish?

Yep...here it is

lilitulip wrote:good call, is it time to enter short?

thanks

KeiZai wrote:resistance here half out

No I don´t think so, better wait a bit...I think there could be more short covering risky to short atm IMHO