Cobra's Market View

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Flat open, so any gap will be filled.

Hard to call Global ES here, could be either up or down. 100% MM target on the upside could be 1445.25 while 100% MM target on the downside could be 1422.50. We'll have to wait and see. One thing, the Global ES looks much better for bulls than SPY (I mean rebound picture), I should have looked at the Global ES chart before writing the last night's report. Gladly, no huge gap up this morning, pure luck, I think. If you don't understand what I mean, doesn't matter, we have to wait and see today anyway.

members only update starts here: http://www.cobrasmarketview.com/2012/10 ... ay-update/

COBRA
I think CORN may have busted its dome, and while waiting for Kena to address a “maybe” AAPL dome, I googled:
“Dome Theory” stocks
Look what popped up on PAGE ONE of google:

Al, google gives you customized search results. What you see searching dome theory is probably different from what i see or what someone else see that never came here...

Momentum Block Update:
Significant improvements in currencies market momentum is very encouraging. Equities while still in the sell mode ar also showing some improvement; interestingly small caps look in better health than large caps in this regard .

quientuves wrote:Al, google gives you customized search results. What you see searching dome theory is probably different from what i see or what someone else see that never came here...

okay then nevermind

spot gold like yo-yo, for what reason? http://www.pmbull.com/gold-price/

In the past eight months, when Heikin Ashi printed a black filled candle like yesterday (green circles on price), a bounce followed.
The bounce coincided with a bullish cross on the STOchastics.
If [IF, IF] I see the STO cross up today EOD, I’ll be expecting a bounce.

Al_Dente wrote:

quientuves wrote:Al, google gives you customized search results. What you see searching dome theory is probably different from what i see or what someone else see that never came here...

okay then nevermind

I still like it though Dr. Al...like where your heads at.

What are your thoughts on CORN? It's one I've been following myself

the open, yesterday's target (tinted area) may still be valid.

Al_Dente wrote:COBRA
I think CORN may have busted its dome, and while waiting for Kena to address a “maybe” AAPL dome, I googled:
“Dome Theory” stocks
Look what popped up on PAGE ONE of google:

googledome.png

nice.

Cobra wrote:the open, yesterday's target (tinted area) may still be valid.

Double top target is 1400 ish though, let's see.

fib info. also there're chances it's 3 push down, therefore due for 2 legged rebound. wait.

noob wrote:

Cobra wrote:the open, yesterday's target (tinted area) may still be valid.

Double top target is 1400 ish though, let's see.

yes my spycfd is pointing to a 1420 min if wave unfolds bearish 2.61

ClarkW wrote:

Al_Dente wrote:

quientuves wrote:Al, google gives .....

okay ...

I still like it though Dr. Al...like where your heads at.
What are your thoughts on CORN? It's one I've been following myself

turned down at 50% fib resistance
needs a breather
but short interest must be high, that’s what caused those squeeze gaps, another sqz could come at any time.
if u find stats on how many shares are short, pls post.

Latest Short Interest Report all NYSE
http://online.wsj.com/mdc/public/page/2 ... tml#shortD

TMV busted support...

SPYcfds building a expanding symetrical triangle, has anyone some info please? extremely rare pattern so most guys have only reported that it exists

Still partial short. Looking to reposition balance at higher prices.
Waiting for the BOTs to start things moving.
A little surprised a rally hasn't started. Not a good sign but have wait.
If move turns out to the downside will probably work it.

Jack12 wrote:SPYcfds building a expanding symetrical triangle, has anyone some info please? extremely rare pattern so most guys have only reported that it exists

ouch is this a pump and dump?