tag:blogger.com,1999:blog-1523319707289548972.post5751049202176282426..comments2023-09-26T11:49:31.690-04:00Comments on Cobra's Market View: 04/14/2009 Market Recap: No TitleCobrahttp://www.blogger.com/profile/09332879456290234613noreply@blogger.comBlogger13125tag:blogger.com,1999:blog-1523319707289548972.post-50078363540355404492009-04-15T23:06:00.000-04:002009-04-15T23:06:00.000-04:00Prince, thanks. As for monthly chart, yes, I do ha...Prince, thanks. As for monthly chart, yes, I do have 2 in my chart book. Just they don't have enough volume information for every month so I have to turn them off.Cobrahttps://www.blogger.com/profile/09332879456290234613noreply@blogger.comtag:blogger.com,1999:blog-1523319707289548972.post-16886220584728189202009-04-15T18:22:00.000-04:002009-04-15T18:22:00.000-04:00Sorry another couple of points I want to make. Ha...Sorry another couple of points I want to make. Have you looked at the volume of the monthly charts of the dow or s&p? Doesn't that have any significance in your analysis? I don't think I've seen a monthly chart on your charts page, or maybe I haven't paid enough attention to them.<br /><br />Lastly, to me volume is completely relative. One can get a good sense of buyers Princenoreply@blogger.comtag:blogger.com,1999:blog-1523319707289548972.post-41762384595808888292009-04-15T18:12:00.000-04:002009-04-15T18:12:00.000-04:00Point well taken. I agree that the market has bee...Point well taken. I agree that the market has been really getting ahead of itself. But I don't think that you should base it on how many up weeks we've had already. <br /><br />For the current bull market, yeah it's very exaggerated. But say for example we would have 10 up weeks with only a 10 point gain on the dow. Would you still hold the same opinion on that? <br /><br />I think you meanPrincenoreply@blogger.comtag:blogger.com,1999:blog-1523319707289548972.post-60774510466059215282009-04-15T18:01:00.000-04:002009-04-15T18:01:00.000-04:00I didn't count the last week's volume. Bear market...I didn't count the last week's volume. Bear market rally always has no volume, I know for sure. My point actually was after 5 weeks up in a row, how high the chances will be for the 6th up week? Ok, we may get 6 up weeks in a row then the question will become how high the chances for the 7th up week? And so on... Until one day, I'm finally correct then I'll say, told you so! LOL <br /><br />SPX @Cobrahttps://www.blogger.com/profile/09332879456290234613noreply@blogger.comtag:blogger.com,1999:blog-1523319707289548972.post-8624279048006824742009-04-15T17:52:00.000-04:002009-04-15T17:52:00.000-04:00Hey I know that you and many others have mentioned...Hey I know that you and many others have mentioned that the declining volume was one of the reasons not to be to optimistic of the short term bull run on the weekly charts. But you do realize that last week was only a 4 day week right? The volume lost during that potential last day could have filled the gap of the declining volume indicator. So my question is other then the downtrending top Princenoreply@blogger.comtag:blogger.com,1999:blog-1523319707289548972.post-66050743125933345872009-04-15T17:06:00.000-04:002009-04-15T17:06:00.000-04:00"the market may close in green tomorrow. " Another..."the market may close in green tomorrow. " Another great call. Made me money!Jeffnoreply@blogger.comtag:blogger.com,1999:blog-1523319707289548972.post-52588877735581253152009-04-15T16:57:00.000-04:002009-04-15T16:57:00.000-04:00Hi Me XMan, it's great to have long-term targets i...Hi Me XMan, it's great to have long-term targets in your personal life, but not in the stockmarket: markets can stay irrational longer than you can stay solvent (Keynes). Best way to make money in the stockmarket is to review your well-founded short- and medium term targets every single day - and not to have any preconceived ideas about the long term outlook. Cobra's analysis is a great source Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1523319707289548972.post-27287963591140382082009-04-15T15:07:00.000-04:002009-04-15T15:07:00.000-04:00I mentioned price down volume up but I don't actua...I mentioned price down volume up but I don't actually consider such kind of distribution day important. <br /><br />IBD has a follow-through rule to find a bottom, by the way, which if backtest that rule, you'll find it has no edge.Cobrahttps://www.blogger.com/profile/09332879456290234613noreply@blogger.comtag:blogger.com,1999:blog-1523319707289548972.post-49179633183897870172009-04-15T14:55:00.000-04:002009-04-15T14:55:00.000-04:00IBD called yesterday a distribution day, but didn'...IBD called yesterday a distribution day, but didn't see that correlation in your charts. Was the volume not enough?<br /><br />thanks for your hard work.kalkgrunhttps://www.blogger.com/profile/10644537676339086445noreply@blogger.comtag:blogger.com,1999:blog-1523319707289548972.post-59143748135150337022009-04-15T00:53:00.000-04:002009-04-15T00:53:00.000-04:00I have SPX 740 as target for next couple months.I have SPX 740 as target for next couple months.Me XManhttps://www.blogger.com/profile/13867311283909743128noreply@blogger.comtag:blogger.com,1999:blog-1523319707289548972.post-58302806250416196542009-04-14T23:05:00.000-04:002009-04-14T23:05:00.000-04:00Not sure if intermediate-term rally is over, not u...Not sure if intermediate-term rally is over, not until a couple of "n vs n" to prove that the trend is indeed weakened, usually.<br /><br />As for short-term target, the first target, I think I've mentioned in today's report on chart 1.0.4.<br /><br />Oh, don't trust those targets.Cobrahttps://www.blogger.com/profile/09332879456290234613noreply@blogger.comtag:blogger.com,1999:blog-1523319707289548972.post-12146925412919999612009-04-14T23:00:00.000-04:002009-04-14T23:00:00.000-04:00Hi Cobra,
Is there any analysis that indicates th...Hi Cobra,<br /><br />Is there any analysis that indicates the rally might have been over yesterday (around 861)? Just based on sentiment, it certainly does not give me the impression that it is over quite yet. What is the likely target for the short-term pullback according to you ? <br />Thanks.Snakenoreply@blogger.comtag:blogger.com,1999:blog-1523319707289548972.post-18945466499655721402009-04-14T22:55:00.000-04:002009-04-14T22:55:00.000-04:00"Expect a pullback tomorrow. "Great call!"Expect a pullback tomorrow. "Great call!Anonymousnoreply@blogger.com