Cobra's Market View

Cobra wrote:

gabor wrote:Cobra, did you see euro recently? I suspect an ABC trend reversal, broken trendline, revisit the bottom at higher low, of course, the red bar to be reversed completely ...

the daily chart is clearly in downtrend.

hourly looks as I described

Cobra, did you see euro recently? I suspect an ABC trend reversal, broken trendline, revisit the bottom at higher low, of course, the red bar to be reversed completely ...

Cobra, do you suspect an intraday reversal? The timing would be about OK.

alvian33 wrote: well if I always wait and see, I will never trade, I need to trade based on what I expect and then see, otherwise, it's not trading

No rush, it is probably better if you never trade.

Cobra wrote:text book target.

Is there any confirmation of triangle break up mention in Dec 30 market outlook?
Is it broken up already, or still not sure.

Hi Cobra, better now?
Is that possible that yesterdays high is a double top with Oct 26 high?

Guys, I'm really sick today, can barely move, so will have no comments. You have a great day. Will have the daily report as scheduled, no matter what though. Get better quickly! Vitamin C, lots of tea, nose drops! Are you planning to make market outlook tonight? Sorry I just read the message again ...

[quote="Cobra"]Guys, I'm really sick today, can barely move, so will have no comments. You have a great day. Will have the daily report as scheduled, no matter what though.
quote]

Get better quickly! Vitamin C, lots of tea, nose drops!

Are you planning to make market outlook tonight?

Cobra, how do you interpret the AUDUSD rally and the missing SPX rally?

Can anyone explain! AUDUSD rallies, USDOLLAR falls, EURUSD rallies, SPX500 ranging. Where is the correlation? Has it gone? There should be a strong rally in the US market.

Wow! The last post I read reported a small gap up.
What is the rumor? Is ECB selling Euro?

Cobra, are going to make market outlook tonight?

Is Dec 26 a trading day?

Merry Xmas for everybody!

OK, a little about my experiences, this hour is very important for bulls, must be a green candle, otherwise most likely the up momentum is all gone, we shall see at least consolidation thereafter. Just to test my theory, let's see. You know I like to announce my experiment publicly so that I have n...

covered TZA, TNX is weaker than usual, something is not right. I do not understand the rationale behind your TZA short and the arguments behind it. TZA is close to its 52 week low, therefor lets short it. The TZA is linked to $RUT, if the russel index is not about to break out from a resistance, wh...

Me XMan wrote:Santa rally over after today?

Officially it just starts next week, isn't it true?

covered TZA, TNX is weaker than usual, something is not right. I do not understand the rationale behind your TZA short and the arguments behind it. TZA is close to its 52 week low, therefor lets short it. The TZA is linked to $RUT, if the russel index is not about to break out from a resistance, wh...

Be4chst wrote:TVIX is broken. Market has been dropping but TVIX is not advancing. Does anyone know why? Thanks!

Isn't it because the market is dropping slowly? It is an index of volatility. If the price is dropping slowly and persistently should not it decrease, rather than increase?

One huge swoosh down to end this bear move before Santa next week This market is so unfair. USD and Bond keeps making new high every day and EUR keeps on making new low every day. :( Equities are so stubborn. Everyone hanging on for Santa! What if Santa brings present for Bears this year? It is not...

Cobra wrote:

gabor wrote:BTW, why do we need loan at all? Just to keep the banks alive?

that's how fed works, keep interest low so to encourage to borrow. You have to "borrow" out of recession.

US is not even in a recession, officially.