Cobra's Market View

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Small gap down within Friday's range, so the gap might be filled.

The Global ES doesn't look good, it can be seen as the 2nd try on the new high, did make it but not decisive and the most importantly the pullback formed an overlapping area indicating the up momentum is weakening. Now we're on support, let's see if the price could hold here.

Gm!
Watching 2 octaves of the deviant and slippery SPY:

[1] a longer term octave [based of data Apr=> now] top @ SPY137…assuming that THEY can pushing it through 134.74 (7/8)

[2] a short term octave suggests that the OpEx top is the level to watch as a potential temporary top

Pinocchio’s nose sticking above the wedge, Fri on close?!

Stock alamac says week after opex down last 12 years,or maybe it was down 11 of last 12 years.Cobra says we give up last week gains by Tuesday

cougar wrote:Pinocchio’s nose sticking above the wedge, Fri on close?!

According to some people, such a “Pinocchio’s nose” sticking up should be enforcing bearishness…

the open.

Cobra wrote:the open.

hi all
I am shorting the hell out of this market
May need to sell the Kuwait home if my face is ripped off


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I am here: http://tapatalk.com/map.php?fjuln5

open range. let's see breakout in which direction first. I'm neutral for now.

RichArab,
you are more than welcome to stay over our house in KSA if things turn bad for you .... it's a small house but it will serve the need until you buy your next palace

Richarab wrote:

Cobra wrote:the open.

hi all
I am shorting the hell out of this market
May need to sell the Kuwait home if my face is ripped off


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I am here: http://tapatalk.com/map.php?fjuln5

It is interesting to know where everyone lives.

It is interesting to know where everyone lives.

Richarab that is great I live in Chiang Rai close to Burma Laos border,also known as the Golden Triangle

The Liquidity had a small up tick,The Strong stocks increased and weak stocks decreased,the advanced warning chart also had a small up tick.The indicators are still increasing on the bull side.I will be leaving at 11am today .GTTA and will be back tomorrow.No big changes on charts so will not post them to save a little time.

gap filled, this rebound should have more to go.

OK, where are the bears at

Petsamo wrote:OK, where are the bears at

scared. the bernanke put is well in force at the moment.

looking at spanish bond yields many figure a central bank intervention is inevitable

Petsamo wrote:OK, where are the bears at

No need to fight...missed the Friday gap higher, but got the gap down this morning. Looking to sell soon, but just riding the trend for now. May look at a short tomorrow. SPX up 8 out of last 10.

The Hang Seng & India set a red candlestick. The Nikkei set a small red candlestick. In order for SPY to set a red candlestick, it has to drop a long way down.

THAT GUY wrote:RichArab,
you are more than welcome to stay over our house in KSA if things turn bad for you .... it's a small house but it will serve the need until you buy your next palace

Richarab wrote:

Cobra wrote:the open.

hi all
I am shorting the hell out of this market
May need to sell the Kuwait home if my face is ripped off


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I am here: http://tapatalk.com/map.php?fjuln5

have a place in Dammam and Jeddah
Not to mention a slew of other places - like trang Thailand - but lets hope i don't need to give up Kuwait - it's a lovely place (feb-may)


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I am here: http://tapatalk.com/map.php?3l1m0p

Long.
Tightening stops.
Technicals continue to improve but I had an overbought MO Friday.
Also, the Dow should be hitting some resistance.
The next pull back will be telling.
If my stops gets hit, this thing is over.
If not, more up ahead.
Once we get through the Fed, I can imagine a highly painted tape for quarter end next week.