tag:blogger.com,1999:blog-1523319707289548972.post3060707340140362501..comments2023-09-26T11:49:31.690-04:00Comments on Cobra's Market View: 05/26/2009 Market Recap: Bullish EngulfCobrahttp://www.blogger.com/profile/09332879456290234613noreply@blogger.comBlogger24125tag:blogger.com,1999:blog-1523319707289548972.post-56677595815046078992009-05-27T22:28:08.394-04:002009-05-27T22:28:08.394-04:00Anonymous, "is this a beginning of the last leg do...Anonymous, "is this a beginning of the last leg down?"... noway, SPX is going back to 200sAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-1523319707289548972.post-65805304336412941302009-05-27T18:33:32.853-04:002009-05-27T18:33:32.853-04:00TNX might already be the catalyst.TNX might already be the catalyst.Cobrahttps://www.blogger.com/profile/09332879456290234613noreply@blogger.comtag:blogger.com,1999:blog-1523319707289548972.post-48945642808749347982009-05-27T18:32:07.528-04:002009-05-27T18:32:07.528-04:00$TNX RSI(14) went over 90. Not good. Last time we ...$TNX RSI(14) went over 90. Not good. Last time we had that was mid 2007 and bed things started. Is this a beginning of the last leg down? GM bancrupcy may well be the catalyst.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1523319707289548972.post-32787083720601473972009-05-27T18:19:36.996-04:002009-05-27T18:19:36.996-04:00Yeah, people may not realize that today's yield su...Yeah, people may not realize that today's yield surge would dramatically change our lifes in a near term.Cobrahttps://www.blogger.com/profile/09332879456290234613noreply@blogger.comtag:blogger.com,1999:blog-1523319707289548972.post-14834172089574852532009-05-27T18:16:30.523-04:002009-05-27T18:16:30.523-04:00Cobra, your
0.0.1 Market Top/Bottom Watch
The bo...Cobra, your<br /><br />0.0.1 Market Top/Bottom Watch<br /><br />The bottom of the chart "something big is going to happen", still valid? Something big happen today, $TNX shoot through the roof and 30 year fix mortgage interest rate rose 30%, yes that's fu**ing 30%! Wow! Bond sold off and so did equity... Is this what you mean by "something big is going to happen"? :)<br /><br />All I can see Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1523319707289548972.post-61690853686043760442009-05-27T16:39:07.453-04:002009-05-27T16:39:07.453-04:00prince, the answer is yes.prince, the answer is yes.Cobrahttps://www.blogger.com/profile/09332879456290234613noreply@blogger.comtag:blogger.com,1999:blog-1523319707289548972.post-89685417519723113132009-05-27T16:22:47.132-04:002009-05-27T16:22:47.132-04:00The "expectation of something big to happen" is ba...The "expectation of something big to happen" is based on the bollinger bands constricting?princepersiahttps://www.blogger.com/profile/05836577017635206357noreply@blogger.comtag:blogger.com,1999:blog-1523319707289548972.post-79292670636645152252009-05-27T14:30:47.130-04:002009-05-27T14:30:47.130-04:00Cobra,
The problem with printing money is too much...Cobra,<br />The problem with printing money is too much of good thing can kill the economy by inflation. It happened in 1970's and recently in 2003-2004 (housing bubble) and then 2007-2008 (commodities bubble). <br />Unfortunately, goverment and bankers cannot be trusted with these things. Looks like we will have alternating inflation (money printing) and deflation (deleveraging) in the years to Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1523319707289548972.post-70139451561822320282009-05-27T14:08:21.726-04:002009-05-27T14:08:21.726-04:00Taking out Government Spending, we actual are in a...Taking out Government Spending, we actual are in a 10 year recession. Roughly, government borrowed 10T deficit (10% a year) in the past 10 years and get only 5% GDP. UK and other counties are doing the same. <br /><br />Y = C + I + E + G<br /><br />Y = GDP<br />C = Consumer Spending<br />I = Investment made by industry<br />E = Excess of Exports over Imports<br />G = Government SpendingAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-1523319707289548972.post-82127063426824322102009-05-27T13:28:34.114-04:002009-05-27T13:28:34.114-04:00I have no financial background so I really don't u...I have no financial background so I really don't understand what's going on here. <br /><br />Just it's funny that since treasury or whatever banks need money then Fed lend the money to them. The question is where Fed gets those money to lend? If simply priting money can lead us into a bull market and out of recession, then how come we had so many bear market and recessions in the past?Cobrahttps://www.blogger.com/profile/09332879456290234613noreply@blogger.comtag:blogger.com,1999:blog-1523319707289548972.post-72002376565240116892009-05-27T13:26:35.467-04:002009-05-27T13:26:35.467-04:00Hi, Cobra;
China lends 2 Trillion to US. Fed len...Hi, Cobra;<br /><br />China lends 2 Trillion to US. Fed lends 6T to US. US debt is about 10T. Why people care about China? If China stops lending, Feb will keep lending. <br /><br />EWAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-1523319707289548972.post-5415920874446166222009-05-27T13:21:44.998-04:002009-05-27T13:21:44.998-04:00Hi, Cobra;
Can the banks and GS just keep borrowi...Hi, Cobra;<br /><br />Can the banks and GS just keep borrowing from Fed Discount Window and return the TARP money? If that is true, then it is like six equal to half dozen. <br /><br />Thanks.<br /><br />EWAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-1523319707289548972.post-17394798544497652362009-05-27T12:37:21.122-04:002009-05-27T12:37:21.122-04:00Add,
Jeopardy?
No, not untill the market closes...Add, <br /><br />Jeopardy? <br />No, not untill the market closes.<br /><br />Close in breen today then greater chance of red tomorrow? <br />That depends on if the overbought signals have been corrected or not. A consolidation like now could fix the overbought signals.Cobrahttps://www.blogger.com/profile/09332879456290234613noreply@blogger.comtag:blogger.com,1999:blog-1523319707289548972.post-40491053957055233052009-05-27T12:15:58.934-04:002009-05-27T12:15:58.934-04:00Dear Cobra,
Do you feel this "Tomorrow, because v...Dear Cobra,<br /><br />Do you feel this "Tomorrow, because very short-term is very overbought, so I expect a pullback and eventually a red close." might be in jeopardy?<br /><br />If we close green, does that bode well for a greater chance of red tomorrow and/or Friday?<br /><br />Thank you,<br />-A.ADDnoreply@blogger.comtag:blogger.com,1999:blog-1523319707289548972.post-75928541460015258472009-05-27T11:57:24.479-04:002009-05-27T11:57:24.479-04:00The yield is very high now but who cares?
China ...The yield is very high now but who cares? <br /><br />China stop buying bond? Well, China will keep buying those worthless paper, don't worry. Chinese government is mean to its own people but very generous to foreigners. It's being like this for thousands of years.Cobrahttps://www.blogger.com/profile/09332879456290234613noreply@blogger.comtag:blogger.com,1999:blog-1523319707289548972.post-92053707484895769152009-05-27T11:29:50.693-04:002009-05-27T11:29:50.693-04:00Cobra,
So far, they pretent that there's no inflat...Cobra,<br />So far, they pretent that there's no inflation at all. I don't think it will work. China (and other international bond buyers) can stage a stoppage of bond buying like they did so in June 2007 to remind USA who pays US' bills. USA cannot afford rising rates, as it is insolvent as it is. The fed will be forced to withraw money from the system (probably without rising rates) by say Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1523319707289548972.post-22373537702733055062009-05-27T11:06:24.195-04:002009-05-27T11:06:24.195-04:00Jack, if you were Fed, what would you do to kill i...Jack, if you were Fed, what would you do to kill inflation? Raising interest rate or pretent that there's no inflation at all?Cobrahttps://www.blogger.com/profile/09332879456290234613noreply@blogger.comtag:blogger.com,1999:blog-1523319707289548972.post-32181852961114678972009-05-27T10:26:12.013-04:002009-05-27T10:26:12.013-04:00Cobra,
Do you think the current market action mimi...Cobra,<br />Do you think the current market action mimics May-June 2008? I see similarities in the chart pattern with yesterday's action mimicking the June 5 2008 surge with NDQ testing new high and breaking MA200. We all know how it all finished. I believe Fed has to do something very soon with the widespread perception that inflation is going be a big problem soon. Fed acted succesfully in Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1523319707289548972.post-21491546308840743692009-05-27T09:12:20.532-04:002009-05-27T09:12:20.532-04:00princepersia, something big means a big price move...princepersia, something big means a big price movement is about to happen either up or down, I don't know the direction.Cobrahttps://www.blogger.com/profile/09332879456290234613noreply@blogger.comtag:blogger.com,1999:blog-1523319707289548972.post-81780071819501287302009-05-27T08:00:47.168-04:002009-05-27T08:00:47.168-04:00Cobra,
As usual, great work. I am glad to see tha...Cobra,<br /><br />As usual, great work. I am glad to see that you added "Cycle" trend analysis in your post.<br /><br /><br />Keep up the good work.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1523319707289548972.post-32695407848530170412009-05-27T02:50:40.439-04:002009-05-27T02:50:40.439-04:00Hey Cobra, what exactly do you mean by "something ...Hey Cobra, what exactly do you mean by "something big is gonna happen"?princepersiahttps://www.blogger.com/profile/05836577017635206357noreply@blogger.comtag:blogger.com,1999:blog-1523319707289548972.post-56676100793842638962009-05-27T00:30:13.948-04:002009-05-27T00:30:13.948-04:00ADD, I think it's fair I don't mention MA200 for n...ADD, I think it's fair I don't mention MA200 for nasdaq as I never mention MAxxx for other indices as well. :-) In fact, I only mention something that I think is convincing enough to talk you into beliving my excuse. LOL. If I mention everything I see from my chart book and lots of other paid services, it'd be very boring list.<br /><br />I don't think today's an accumulation day as the Friday's Cobrahttps://www.blogger.com/profile/09332879456290234613noreply@blogger.comtag:blogger.com,1999:blog-1523319707289548972.post-188065248978822642009-05-27T00:21:56.257-04:002009-05-27T00:21:56.257-04:00Dear Cobra,
There's no mention of the NASDAQ fini...Dear Cobra,<br /><br />There's no mention of the NASDAQ finishing over the 200dma? I'm a little spooked that tech will continue to be the leaders of this rally and a move over the 200 day might spark further rallies as the NASDAQ thus draging the other indicies along with it.<br /><br />Honestly, I was hoping the continued negative divergences would be enough to give us another bounce off 880 ADDnoreply@blogger.comtag:blogger.com,1999:blog-1523319707289548972.post-9003934036330309562009-05-26T23:54:20.371-04:002009-05-26T23:54:20.371-04:00no need for all this technical mumbo jumbo. Just ...no need for all this technical mumbo jumbo. Just stay long until we hit 963 or June 15. OK?Anonymousnoreply@blogger.com