Tagged "Engulfing"
February 29, 2012
Four cents:
- Might see more pullbacks but may close green eventually tomorrow.
- Maintain the call that we’ll see from top to high 2.5%+ pullback soon.
8 Comments
February 29, 2012
Very very bullish Bearish Engulfing formed on SPY daily chart today. No, it’s not a typo, see statistics below yourself. So bears, no champagne please, at least not yet. [Read the Rest]
...
October 18, 2011
Tip: Now you can use shortened name: www.cobrav.com to access Cobra’s Market View.
SHORT-TERM: IN WAIT AND SEE MODE
Three cents:
- Could see red day tomorrow and more likely today’s low will be revisited.
August 1, 2011
SHORT-TERM: REBOUND, IF ANY, IS SELL
For three reasons, I believe, rebound, if any, is sell:
- The Last Engulfing Bottom formed on the SPY daily chart means bearish continuation 65% times.
