Cobra's Market View

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Gap up within yesterday's range, so the gap might be filled.

The Global ES still looks like a 3 Push Up pattern (Bearish Rising Wedge) only if the current rebound could make a decisive new high. This bull is very resilient as it's keep coming back, so 3 Push Up now becomes 6 Push Up, let's see how many push-ups bulls can make.

members only update starts here: http://www.cobrasmarketview.com/2013/04 ... ay-update/

GLD on track. It should open on the 61.8 retrace. Nice support shelf there.

Will Miyagi's p-bar to 94.46 on IWM be in play soon? I see it gapping up to 93.76 in pre-market.

TNA split.

GLD opened at 161.8 extension of A. Should see upside. Bought some calls.

I guess this is possible (v) of v of (5) of 5 of C.....

On a daily, buying calls on GLD looks like crapshoot but if you are bullish GLD, this is a good place as any.

Dollar down, gold & silver down?

Maybe SPX and SPY don't get a higher high.....Dow could be done here??

TradingJackal wrote:On a daily, buying calls on GLD looks like crapshoot but if you are bullish GLD, this is a good place as any.

Don't think the mother of all PM's beatdown is over yet.

gappy wrote:

TradingJackal wrote:On a daily, buying calls on GLD looks like crapshoot but if you are bullish GLD, this is a good place as any.

Don't think the mother of all PM's beatdown is over yet.

Double up at the 200 extension at 152.teens

Long 156.84 after the small breakout - could be a small run or failed breakout - very risky

Long.
Covered hedge yesterday.

My composite trend signal is up.
My summation index signal is down for the R2K and neutral for everything else.

Hedging on a high close and covering in the next downdraft worked again.
I am inclined to keep doing what is working until it stops.
It may be a tough call wednesday night/thursday though; I think the BoJ meeting may be a mover.

I should be short some R2K given my summation signal but this bull market has been good at running over my bear signals.
Given the IWM P-Bars yesterday (thanks Miyagi ), it seemed best to wait. I may still play it today if I like the price.

YM touched the 127.2 extension. May take a breather as a divergence is developing too.

L_T wrote:Will Miyagi's p-bar to 94.46 on IWM be in play soon? I see it gapping up to 93.76 in pre-market.

April fool pbars don't count

sold long

Out of Bounds wrote:sold long

Guys, i'm out for the day. I was travelling all weekend and I guess I caught a bug somewhere.
I need quick access to the bathroom (I'm throwing up) and just can't sit here with a hair trigger.

Have a good one....

14595 on YM for a short!