Cobra's Market View

I am putting Russell 2000 in Doghouse till he behaves himself. My current daily reading based on MACD 12,26,9 as follow,

3/13=10.994,9.112,1.881
3/14=11.976,9.685,2.291
3/15=12.562,10.260,2.302
3/18=12.457,10.700,1.757
3/19=11.886,10.937,0.949

Current Osc EMA 9 is 0.638 and since 3/14 getting closer to negative. Russell needs to sit there and cook a little while.

Out of Bounds wrote:

L_T wrote:

Out of Bounds wrote:Added short position 155.36

Stop?

I want to make a move myself but it doesn't seem to be moving with much conviction.

I don't use stops. I recommend them, but I don't use them.

Out of Bounds wrote:

L_T wrote:

Out of Bounds wrote:Added short position 155.36

Stop?

I want to make a move myself but it doesn't seem to be moving with much conviction.

I don't use stops. I recommend them, but I don't use them.

Limit stops are for suckers because MMs will crush you if you're a day trader. So if you have the time to monitor, then manual stops at market prices are the best IMHO.

jungle trunks wrote:The scenario you describe is basically the same as the mortgage derivative meltdown where a few bad loans in a loan bundle went bad bringing down the house of cards, cyprus could be the equivalent of the one or two bad loans. So I agree, don't underestimate the power of "small"

actually what i am trying to allude to is the part that is different. yes we had derivative issues back then--but that was "the first time" and so while the first responses from the government were lame--we got back to base line. what the issue is going forward is that the entire nature of trust is increasingly different. when you see entire populace of some place (right now Cyprus) blow off "the solution" this is something different. so over time you get these stupid responses by governments--people get tired of them since they are not in any way solutions (such as reasonable accounting standards and then reasonable bank/large financial oversight based on that accounting) this then feeds back into social acrimony which in turn changes the response loop.

with the leverage we have--the issue is timing--the larger and more unified the problem--the more time frames are an issue. so moving quickly. what we are starting to see is from bottom to top resistance to actions or proposed actions to "fix things". the concern is that eventually the problem is harder to deal with--so it is like the last thing in terms of a class of product (derivatives) but it is different in that increasingly there is less trust at all levels. it is this second issue that is worth watching. naturally everyone assumes we should watch this in the euro zone--but the odds are china and japan (eg what everyone is not watching) will be an issue. inside the euro zone--you keep hearing about spain and italy--but very little focus on france. later we may see this as a miss focus of attention. in theory spain and italy are ugly--but could be solved in some way. if you toss france in that mix--that is it. all this is being alluded to by the current situation but is not yet explicit.

so we should be watching what we are not hearing about very much--and understanding that battles fought over Cyprus are in fact in reference to events which are much larger but have not happened yet. much the same as you had proxy wars between us russia and china--you are now seeing this sort of thing in terms of economics.

again only my opinion (that and 5 bux will get you a nyt and cup of coffee)

i have the merrill lynch technical analysis report if anyone is interested. fairly interesting. pm me, and i can forward, but don't want to push it out enmasse.

If INTC is in fact in the process of forming a wave 5 down...then it would therefore be considered an A wave, with a B and C wave coming afterwards....

Out of Bounds wrote: I don't use stops. I recommend them, but I don't use them.

i'm thinking that's probably bcuz u used to be a broker

Heaven, here's the dream for today...waiting patiently for confirmation to enter

Al_Dente wrote:

Out of Bounds wrote: I don't use stops. I recommend them, but I don't use them.

i'm thinking that's probably bcuz u used to be a broker

Could be. Idk

renewed strength I sense. possible bull flag in the forming.

jarbo456 wrote:i have the merrill lynch technical analysis report if anyone is interested. fairly interesting. pm me, and i can forward, but don't want to push it out enmasse.

can't send attachments here from what i can see...so need your email.

BREAKING NEWS
IMF Chief Christine Lagarde’s Home Searched by French Police'
Bloomberg


another bankster?

jarbo456 wrote:

jarbo456 wrote:i have the merrill lynch technical analysis report if anyone is interested. fairly interesting. pm me, and i can forward, but don't want to push it out enmasse.

can't send attachments here from what i can see...so need your email.

Just create a dropbox link, much easier for both sides

SigmaEcho wrote:BREAKING NEWS
IMF Chief Christine Lagarde’s Home Searched by French Police'
Bloomberg


another bankster?

French play serious hardball in politics.

Unique wrote:

jarbo456 wrote:

jarbo456 wrote:i have the merrill lynch technical analysis report if anyone is interested. fairly interesting. pm me, and i can forward, but don't want to push it out enmasse.

can't send attachments here from what i can see...so need your email.

Just create a dropbox link, much easier for both sides

Good idea.

XIV

Watching bonds down, stocks up
triangle

anyone following SLV still? looks like it's falling out of the channel...not great for my reversal plan. moved stop to even.

jarbo456 wrote:anyone following SLV still? looks like it's falling out of the channel...not great for my reversal plan. moved stop to even.

GLD got what I called " a neg price reversal" here too, next rip below 156.34 will be a sell

this is starting to make me a bit upset.