tag:blogger.com,1999:blog-1523319707289548972.post7823501859025993781..comments2023-09-26T11:49:31.690-04:00Comments on Cobra's Market View: 07/20/2009 Market Recap: A few potential turning signsCobrahttp://www.blogger.com/profile/09332879456290234613noreply@blogger.comBlogger37125tag:blogger.com,1999:blog-1523319707289548972.post-29992669443222281682009-07-21T20:24:21.282-04:002009-07-21T20:24:21.282-04:00Dan, I agree with you but just hope you are not to...Dan, I agree with you but just hope you are not too aggressive in shorting this market.Cobrahttps://www.blogger.com/profile/09332879456290234613noreply@blogger.comtag:blogger.com,1999:blog-1523319707289548972.post-52926157415809530502009-07-21T19:49:27.366-04:002009-07-21T19:49:27.366-04:00Cobra,
After Hours (AH) are pretty flat right now...Cobra,<br /><br />After Hours (AH) are pretty flat right now. I think AAPL's earnings were already factored in. The old "Buy the Rumor, Sell the Facts". Tomorrow is a likely day to turn, but if it doesn't, it should remain flat until it does. More "doji's from hell"... hey maybe they should make a movie called that?<br /><br />Merriman has the 24th listed as a Dan Blacknoreply@blogger.comtag:blogger.com,1999:blog-1523319707289548972.post-62283927262654657422009-07-21T17:43:40.884-04:002009-07-21T17:43:40.884-04:00Dan, origianlly, I saw a turn day today and tomorr...Dan, origianlly, I saw a turn day today and tomorrow but with AAPL ER, frankly, I'm not sure now...Cobrahttps://www.blogger.com/profile/09332879456290234613noreply@blogger.comtag:blogger.com,1999:blog-1523319707289548972.post-91282972478007728322009-07-21T17:39:45.689-04:002009-07-21T17:39:45.689-04:00+1 Cobra for deleting Mr. Ass Clown... LOL!
Mr. P...+1 Cobra for deleting Mr. Ass Clown... LOL!<br /><br />Mr. Panic, I'm on the boat with you as I went short today too. Merriman just posted a 159.4 reading for tomorrow. Anything over 120 has a higher then usual correspondence to a reversal. The last 2 days have been 89.2. I'm not sure how far down we will go, but 932 (as uempel stated) is the first support. (I'd like to see Dan Blacknoreply@blogger.comtag:blogger.com,1999:blog-1523319707289548972.post-49984203162177249432009-07-21T16:26:10.983-04:002009-07-21T16:26:10.983-04:00Anon, you still didn't read my post, I said 4-...Anon, you still didn't read my post, I said 4-6 days rebound. Today is just day 6. I bet you won't see your comment anymore. You probably are smart enough (which I seriously doubt) to know which one is easier: a click of a delete button or your long meaningless sentence? You can keep trying, let me see how persistence you could be.Cobrahttps://www.blogger.com/profile/09332879456290234613noreply@blogger.comtag:blogger.com,1999:blog-1523319707289548972.post-14199626837726162432009-07-21T16:01:31.316-04:002009-07-21T16:01:31.316-04:00Mr. Panic, sincerely wish you good luck!Mr. Panic, sincerely wish you good luck!Cobrahttps://www.blogger.com/profile/09332879456290234613noreply@blogger.comtag:blogger.com,1999:blog-1523319707289548972.post-4686433139585136532009-07-21T15:59:39.881-04:002009-07-21T15:59:39.881-04:00Cobra,
I am a riverboat gambler. If the marke...Cobra,<br /> I am a riverboat gambler. If the market gaps up tomorrow on Apple's news at rsi 70, then I'll have to take it. But it could easily gap down and take out five daily bars. This rally just seems unsustainable and reminds me of Nasdaq 2000. I sold my largest long position just now and entered VXX and some bearish ETFs.<br /><br />--Mr. PanicAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-1523319707289548972.post-37347290236733068662009-07-21T14:51:36.719-04:002009-07-21T14:51:36.719-04:00Cobra, I think any pull back will probably be a hi...Cobra, I think any pull back will probably be a higher low... the only way to kill this bull momentum is to gap down below 87... but what are the chances?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1523319707289548972.post-42894857526188070302009-07-21T14:11:39.573-04:002009-07-21T14:11:39.573-04:00Panic, don't underestimate the power of "...Panic, don't underestimate the power of "bull" side. The strength of the pullback is very important, so far I don't see any.Cobrahttps://www.blogger.com/profile/09332879456290234613noreply@blogger.comtag:blogger.com,1999:blog-1523319707289548972.post-43079174506230305112009-07-21T13:53:14.465-04:002009-07-21T13:53:14.465-04:00Check out this technician's take on the curren...Check out this technician's take on the current expanding triange/ possible megaphone pattern: http://wbktrends.blogspot.com/<br />He's been posting over on Kenny's board.<br /><br />--Mr. PanicAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-1523319707289548972.post-44040864418589745072009-07-21T13:36:32.856-04:002009-07-21T13:36:32.856-04:00It looks like a nice reversal at a critical area a...It looks like a nice reversal at a critical area at a critical date. Anecdotal evidence suggests that people are panic buying into the market. Tim Wood has written that he has been inundated with e-mails from subscribers asking whether we are starting a new bull market and Carl Swenlin ridiculously switched course and declared that the SP is headed for 1200 although his climatic volume and Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1523319707289548972.post-43946919865540975672009-07-21T12:09:03.126-04:002009-07-21T12:09:03.126-04:00Dan Black, first support is at 932.Dan Black, first support is at 932.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1523319707289548972.post-90851082838104249302009-07-21T11:08:17.856-04:002009-07-21T11:08:17.856-04:00I think I sensed the rebound: http://cobrasmarketv...I think I sensed the rebound: http://cobrasmarketview.blogspot.com/2009/07/07102009-market-recap-few-positive.html<br /><br />Just I failed to realize it was a huge rally. This is a sad nature of the TA which is based on "normal odds". It cannot tell me anything if things are way out of normal.Cobrahttps://www.blogger.com/profile/09332879456290234613noreply@blogger.comtag:blogger.com,1999:blog-1523319707289548972.post-1429332848419068432009-07-21T11:03:21.806-04:002009-07-21T11:03:21.806-04:00the Head & Shoulder’s breakdown failed to brea...the Head & Shoulder’s breakdown failed to break down, a rally was imminent but technical couldn't sense that, how pathetic indeed.<br />overall I like Cobra's better than the others..most people who went short got killed by this rally.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1523319707289548972.post-85036070067446974242009-07-21T10:21:31.102-04:002009-07-21T10:21:31.102-04:00Thanks Cobra for clarification on Cumulative NYSE ...Thanks Cobra for clarification on Cumulative NYSE TICK thoughts. I appreciate your interpretation. <br /><br /> Sincere thanks also to Uempel, Schweizer, Mr. Panic, Dan Black and others for sharing their work and thoughts here. <br /><br />Regards, Jim P. <br /><br />PS <br /><br />Tuesday morning ISEE first reading (at 9:50 am)is 171,..very high, reflecting over-belief?<br /><br />This fellow&Jimhttps://www.blogger.com/profile/11985052788299763651noreply@blogger.comtag:blogger.com,1999:blog-1523319707289548972.post-63939798053328432112009-07-21T09:46:08.858-04:002009-07-21T09:46:08.858-04:00Thanks uempel...
I'm looking for a quick drop...Thanks uempel...<br /><br />I'm looking for a quick drop to around 920 and then get out, as many shorts that were caught around the 870-890 area will probably try to buy back their short and take a smaller loss.<br /><br />I'll re-evaluate the market again then.<br /><br />To Anonymous 11:09 pm...<br /><br />As for the large block going through on the VIX, you are correct. I suspect thatDan Blacknoreply@blogger.comtag:blogger.com,1999:blog-1523319707289548972.post-17871906105934232122009-07-21T09:30:07.069-04:002009-07-21T09:30:07.069-04:00Jim, I did see negative divergence on NYSE/Nasdaq ...Jim, I did see negative divergence on NYSE/Nasdaq cumulative TICK, and I think it's a sign of a pullback. The reason I didn't mention it last night was because I think it's not very clear so I decided to keep it for myself only.Cobrahttps://www.blogger.com/profile/09332879456290234613noreply@blogger.comtag:blogger.com,1999:blog-1523319707289548972.post-34297404024589706282009-07-21T09:29:41.759-04:002009-07-21T09:29:41.759-04:00I think we need to consider the possibility of a d...I think we need to consider the possibility of a double top. Take a look at the double top in June/July of 2007. Also, take a look at what happened in the following weeks. I expect the same to happen here -- a crash shortly coming, if bears can be patient. I wonder what the target would be if we double-topped in the 960-970 range.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1523319707289548972.post-80954176288293140392009-07-21T09:26:57.607-04:002009-07-21T09:26:57.607-04:00Yes, it's the 8th gap, let's wait and see....Yes, it's the 8th gap, let's wait and see. Just sometimes the 8th gap could hold for a day or 2.Cobrahttps://www.blogger.com/profile/09332879456290234613noreply@blogger.comtag:blogger.com,1999:blog-1523319707289548972.post-70417869837434389092009-07-21T09:24:00.970-04:002009-07-21T09:24:00.970-04:00Look like $vix is going to cliff dive at open? An...Look like $vix is going to cliff dive at open? And we have 8th gap (if you count yesterday's gap as a gap although very very tiny though)...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1523319707289548972.post-71288029951946383312009-07-21T09:13:57.642-04:002009-07-21T09:13:57.642-04:00You fools are HILARIOUS. Using superstition to pl...You fools are HILARIOUS. Using superstition to play the markets?? HA HA HA. Get ready for another rally!! woot woot.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1523319707289548972.post-45154680586717615342009-07-21T07:01:10.590-04:002009-07-21T07:01:10.590-04:00$VIX
It's GO time.<a href="http://i30.tinypic.com/ea1hs5.jpg" rel="nofollow">$VIX</a><br /><br />It's GO time.Schweizerhttps://www.blogger.com/profile/01587683787195196616noreply@blogger.comtag:blogger.com,1999:blog-1523319707289548972.post-59335392802104989022009-07-21T06:49:59.468-04:002009-07-21T06:49:59.468-04:00PS regarding the Solar Eclipse on 07-22, Carolyn ...PS regarding the Solar Eclipse on 07-22, Carolyn blog has an interesting report:<br /><br />http://carolan.org/2009/07/20/wednesdays-eclipse/<br /><br />Regards, Jim P.Jimhttps://www.blogger.com/profile/11985052788299763651noreply@blogger.comtag:blogger.com,1999:blog-1523319707289548972.post-72161496750902245762009-07-21T06:42:16.014-04:002009-07-21T06:42:16.014-04:00Hello Cobra, Uempel, and Dan Black,
Near term ups...Hello Cobra, Uempel, and Dan Black,<br /><br />Near term upside should be limited. Cobra's intermedaite term indicators reflect "over-bought" and we are at resistance. <br /><br />Cobra is correct in noting that Tues 07-21 has bias for seaaonal weakness,..Hirsch's Trader's Almanac has only a 23.8% probability (their lowest) for Tuesday 07-21 having an UP close on the SP500.Jimhttps://www.blogger.com/profile/11985052788299763651noreply@blogger.comtag:blogger.com,1999:blog-1523319707289548972.post-41729932803629878222009-07-21T05:44:28.498-04:002009-07-21T05:44:28.498-04:00Thank you! Keep up the good work.
Paulson versus ...Thank you! Keep up the good work. <br />Paulson versus Credibility <br />What???<br />This video.<br />Paulson How do you have Credibility? <br />http://followmarketrend.blogspot.com/2009/07/mr-paulson-how-do-you-have-any.html<br />Enjoy the party.Fffhttps://www.blogger.com/profile/16172119771788353498noreply@blogger.com