Cobra's Market View

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Small gap up, along yesterday's high, no sure if the gap will be filled or not.

Until the price decisively breaks above the blue line above the chart is bearish biased because it can be seen as the 2nd test of the rebound high therefore any failure would mean the top was in. Also the price is already overlapping.

members only update starts here: http://www.cobrasmarketview.com/2012/11 ... ay-update/

text book target on gold double top was fulfilled. judging by the recent rebound, I still see more downside risks.

oil chart still is bearish biased.

if euro simply consolidates here instead of a sharp rebound then this is a double top.

15 day percentage performance
Note semis in grey

DAX looks not bad.

Cobra wrote:text book target on gold double top was fulfilled. judging by the recent rebound, I still see more downside risks.

COBIE: thanks for the pre-market update on gold, oil
i like that

Al_Dente wrote:

Cobra wrote:text book target on gold double top was fulfilled. judging by the recent rebound, I still see more downside risks.

COBIE: thanks for the pre-market update on gold, oil
i like that

I SECOND THAT! Thanks!

ClarkW wrote:

Al_Dente wrote:

Cobra wrote:text book target on gold double top was fulfilled. judging by the recent rebound, I still see more downside risks.

COBIE: thanks for the pre-market update on gold, oil
i like that

I SECOND THAT! Thanks!

Thanks. I have plan to add more on the public chart list, by the way.

the open.

check the bad news on INTC
something about aapl wont use their chips (??? double check please)

Al_Dente wrote:check the bad news on INTC
something about aapl wont use their chips (??? double check please)

They said that would be FAR off... If ever...

So unfair, WLT gave bad earnings and they're not dumping it.

Petsamo wrote:So unfair, WLT gave bad earnings and they're not dumping it.

I think it's pretty beat down already???

TraderJoe wrote:

Petsamo wrote:So unfair, WLT gave bad earnings and they're not dumping it.

I think it's pretty beat down already???

Yea, you could say all the bad news was priced in.

Cobra wrote:text book target on gold double top was fulfilled. judging by the recent rebound, I still see more downside risks.

I think largely depends on who wins tonight. If Romney wins definitely.

Petsamo wrote:

TraderJoe wrote:

Petsamo wrote:So unfair, WLT gave bad earnings and they're not dumping it.

I think it's pretty beat down already???

Yea, you could say all the bad news was priced in.

I didn't look but if I recall, it's down like 50% in the past 6 months or so???

TraderJoe wrote:

Petsamo wrote:

TraderJoe wrote:

Petsamo wrote:So unfair, WLT gave bad earnings and they're not dumping it.

I think it's pretty beat down already???

Yea, you could say all the bad news was priced in.

I didn't look but if I recall, it's down like 50% in the past 6 months or so???

50% is nothing. On AMD & MCP, I have to look at the 3 month chart.

best green candle of the day (so far)
UGAZ
5 min