Cobra makes a good point about this action. Look at daily
SPY chart -- it shows a much different story than the early Oct
bottom. Huge gaps up with not much follow through. I
will say that the $DAX looks decent like it wants to rally to the
200 day MA.
Posted by marketguy on 30th of Nov 2011 at 08:34 am
therein why I "don't" read Cobra anymore....he's actually been a
fantastic contrarian indicator the last couple of months...whenever
his tag line says lower low ahead (like now) we rocket....tonight's
headline will be higher high ahead (that will mark the top)....
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
Cobra makes a good point
How do you trade this mess???
Posted by kalinm on 30th of Nov 2011 at 07:21 am
Cobra makes a good point about this action. Look at daily SPY chart -- it shows a much different story than the early Oct bottom. Huge gaps up with not much follow through. I will say that the $DAX looks decent like it wants to rally to the 200 day MA.
therein why I "don't" read
Posted by marketguy on 30th of Nov 2011 at 08:34 am
therein why I "don't" read Cobra anymore....he's actually been a fantastic contrarian indicator the last couple of months...whenever his tag line says lower low ahead (like now) we rocket....tonight's headline will be higher high ahead (that will mark the top)....