Cobra's Market View

BullBear52x wrote:How come the one on last Friday doesn't play out in number per your calculation.

I don't know, I don't have it to analise.
Not all phantom bars have given clear signals, but I believe there is something to be read from their appearance, just like gaps which don't always get filled straight away.

Cobra wrote:

cletus wrote:The interesting thing about this downtrend is that the bears are the ones seemingly exhausted and annoyed, yet the market continues to slide along with the VIX (fear). Could be meaningful, could not.

Yeah, bears are actually nervous. Even snakes are nervous too. :cry:

this is Reeeeeeaaaaaaaallllllyyy stressing me out now... :?
the force, wheres tHe force

remember last week when I mentioned UNG is acting like a hedge to SPY, look at it goes. spy will be down or UNG will be down they don't march together in the past.

Cobra wrote:I think the breakout is imminent.

Order Flow on S&P e-mini turning red. Resistance will hold imo

why the breakout is imminent? It doesn't look like the breakout is coming

Travelfrog wrote:

BullBear52x wrote:How come the one on last Friday doesn't play out in number per your calculation.

I don't know, I don't have it to analise.
Not all phantom bars have given clear signals, but I believe there is something to be read from their appearance, just like gaps which don't always get filled straight away.

I know some how something got to do with it, I just want to know too.

Zero Hedge on VIX

SKEW is how the pros play vol, while VIX is what is left for the peasantry and CNBC. Basically, VIX shows riskiness as implied by ATM options, while SKEW demonstrates the difference between ATM and OTM options. And as the chart below shows, there is a rather dramatic difference when looking between the VIX and SKEW indices. In essence what is happening is that everyone is selling ATM short-dated vol and buying mid-term Out of the Money vol as expressed by the SKEW, in a confirmation that the protection cost in the wings is actually much higher than one would assume.

http://www.zerohedge.com/article/forget ... arket-risk

Tomorrow Wednesday the new trend should be evident:

Bond yield right at trendline support. MACD cross already gave a sell signal, so the writing is on the wall most likely here.

So far looking good more than 10min. this must be for reall

after such kind of consolidation, the breakout will be strong and more likely on the upside.

bingo. let's see how far can this breakout go.

here is my last stand.

SPX
61.8%.
http://99ercharts.blogspot.com/2011/04/spx_2355.html

DOM on the futures says we are gonna have a hard time getting through this resistance .. lots of sellers above 1308 .. i guess with enough pokes we'll get through though

Uempel,

Are you saying the trend will be down starting tomorrow? Thanks

Cobra wrote:bingo. let's see how far can this breakout go.

That's a breakout? Where the volume?

It looks really not like the breakout, too weak

New race of breakout : Uncle Ben's break out !

none of the big boys seem to be around.. they can't break through 3K contracts @ 1308. i imagine the bulls will show some weakness here to give the bears hope and then make them all cover... ???