Cobra's Market View

02/29 highs is very close now.

uempel wrote:Resistance at 1375. For bulls essential that there is a close at about this level, 1380 would be better.

rr.png

Yep, shorted at resistance. I'm praying now. Bulls are crazy this morning.

IWM, I use RSI 50 on 5min chart, the reading is 85+ I think there is 15 more to go

Gold spiking « Breaking News » U.S. military is planning strikes against Iran and Syria - Steve Grasso

Thanks Al!

@BB52...I think my 5min signal line just crossed over into the price chart on IWM.

CNBC dusting off the perma bulls...cant wait for the "money off the sidelines" case...never gets old

btran874 wrote:

uempel wrote:Resistance at 1375. For bulls essential that there is a close at about this level, 1380 would be better.

rr.png

Yep, shorted at resistance. I'm praying now. Bulls are crazy this morning.

btran874, you are bold, very bold.

Cobra wrote:02/29 highs is very close now.

Interestingly, Q's have already been there. Could this be enough ?

xXRichXx wrote:@BB52...I think my 5min signal line just crossed over into the price chart on IWM.

can you show your chart I don't get what you say ( I see, it's a joke, went thru the roof? LOL), Here chart on TNA that I play,

Cobra wrote:decisive new high, so as I said bears are hopeless, bulls are on the way to test the 02/29 highs.

Yes and they are just about there.

Sorry bb52x, just a little sarc there.

xXRichXx wrote:Sorry bb52x, just a little sarc there.

I got you, my bad, yes it went thru the roof, I just edited my last message.

SPX: No chance of a reversal until today`s fiver is completed

(thewavetrading.com)

New update with an old chart:

For all the die hard bears out there, DBV is down today, and with this Neg D on DBV, I am sure da bear will come out winner. The damage has been done trend is down until new high is clear taken out.and here is the somewhat big pic pictures

BenAndLloyd wrote:Gold spiking « Breaking News » U.S. military is planning strikes against Iran and Syria - Steve Grasso

Found this disconcerting to say the least, considering the source. Anyone else looking into this? This the best I was able to come up with: http://www.foreignpolicyi.org/overnightbrief030912

Cobra, new PAID member here although I've been reading the daily commentary for a while. I figured it was time for me to pay up. Looking forward to learning from everyone.

@BullBear52X, sent you a PM, hope you find it enticing!

well, too bad for bears, could be another push up in the card.