Cobra's Market View

something for everyone, yet crazy enough to cause maximum pain... pull back shortly.. get the bears excited!.. then Christmas rally.. gets bulls excited.. push to new highs as the debt issue is solved then .... lookout below....

broadening top, expanded triangle...http://thepatternsite.com/EWRevSymmetrical.html

I am stopped out of my short, as my composite signal has turned bullish.

Out for now, eyeing a gold short if the neckline can break....

fehro wrote:something for everyone, yet crazy enough to cause maximum pain... pull back shortly.. get the bears excited!.. then Christmas rally.. gets bulls excited.. push to new highs as the debt issue is solved then .... lookout below....

broadening top, expanded triangle...http://thepatternsite.com/EWRevSymmetrical.html

Your C wave should be a 'B' I think after the 1-2-3.. ?

For people following crude (CL).
If you are short, be carefull of the last moves... huge up could go into a litle short squeeze...
Nothing to worry if you are short since 102/98, but be carefull if you are short in the neighborhood...

my guess.

stlwater wrote:

fehro wrote:something for everyone, yet crazy enough to cause maximum pain... pull back shortly.. get the bears excited!.. then Christmas rally.. gets bulls excited.. push to new highs as the debt issue is solved then .... lookout below....

broadening top, expanded triangle...http://thepatternsite.com/EWRevSymmetrical.html

Your C wave should be a 'B' I think after the 1-2-3.. ?

yeah wasn't sure about that wave count.. could never get my ABC's right . math was my strong suite...

fehro wrote:

stlwater wrote:

fehro wrote:something for everyone, yet crazy enough to cause maximum pain... pull back shortly.. get the bears excited!.. then Christmas rally.. gets bulls excited.. push to new highs as the debt issue is solved then .... lookout below....

broadening top, expanded triangle...http://thepatternsite.com/EWRevSymmetrical.html

Your C wave should be a 'B' I think after the 1-2-3.. ?

yeah wasn't sure about that wave count.. could never get my ABC's right . math was my strong suite...

Either way, thanks for posting, that's an interesting theory.

Waiting for the signal:

uempel wrote:Waiting for the signal:

SPX 10.png

guessed wrong. I'm neutral. revisiting day high means 50% chances for either bull or bear.

SPX 5m

uempel wrote:Waiting for the signal:

The attachment SPX 10.png is no longer available

Ellipse system gave two good signals today...

Headfake?

VIX 15m... possible double bottom.... but looks like lower is in the cards.... we are outside of the daily BB bands... which are extremely tight... range = 1.63

Damn, this mad me cry.

http://youtu.be/gHGDN9-oFJE

Patience, patience...

break down with RSI <50 will stop out longs.