Cobra's Market View

Probably also set records on "max $ of sell on strength"

qtipped wrote:what the heck...it feels like the old pomo day. getting killed. time to throw in towel?

You're exactly right. Who in ones right mind would buy at this moment, other than Timmy and Ben's PPT.

Most of the key stocks/etf are holding fine due to weekly option expiration!
Look at DAX and Societe Generale (-3 and -6% each) and you'll see what's coming. VIX is up 7%.
Maybe we'll rebound after 11:30 euro close, but next week will be fun.

take a look at wsj's market data http://online.wsj.com/mdc/public/page/2 ... nav_2_3000

top 'sell on strength' is AAPL, MSFT, and INTC (almost all the tech stocks are on the list...)
well, buy on weakness are, of course, those ultrashort etf, and silver/gold/etc..

AAPL, AMZN, and BIDU will tell the 'future' story...

Euro sovereign CDS and bank CDS are at all time high...

http://www.markit.com/en/

lower right corner, look for
Markit iTraxx SovX

and

Markit iTraxx Europe

anyone got any thoiughts on TLT ? Trying hard to stay up but the weekly is looking like a double top ! Hollow red bar as of now (may finish the week differently) and top of BB.... If TLT goes down , im guessing Equities would go up ? anyone got any insight into this ? Thanks Short term, I think TLT...

(did not post too often, just watching)
uempel, how did you get all those amazing MA #, curve fitting?

Cobra, great call in yesterday's summary. This is one I drew before the open. 1. the low will be visited. 2. however, the rebound will be 'violent', probably via overnight /es pull. Uncle ben's favorite trick. We'll see http://www.screencast.com/users/BalanceOpt/folders/Default/media/fa3271d2-a6c2-4...

Uncle Ben:
"What the hell you wake me up for?? It's only 30 points, I've saved your ass for 300+ points"

we're all being fooled by this trap (green circle), thanks to BoA!

WW Update. Obviously I missed the 'big picture'. New update on spx and with /cl to support it. FWIW. http://www.screencast.com/users/BalanceOpt/folders/Default/media/5dcaf87d-3d87-447e-a95f-fe9498ec91b3 http://content.screencast.com/users/BalanceOpt/folders/Default/media/99b032d1-a89c-439a-8bc6-4569...

market is up, and $trin is up?

RE sina, time to let go. spike on high volume...
FWIW.

this is uncle ben at work．

my prediction today, so far on track...
http://content.screencast.com/users/Bal ... 308spx.png

To let you all get a sense of the power of wolfe wave, here is a 3 yr SPX chart.

Check out the target line! You'll have to see it to believe it!
http://www.screencast.com/users/Balance ... 45f90e5392

Like I said, even if it bounce (most likely between 1305 and 1300), we need to revisit the 1294.26 low. http://www.screencast.com/users/Balance ... d1b391caa1 is done friday, and it's still valid.

dow trader, I ams till holding my short since friday.
As for Euro, timing is critical. Take a look at this, and when it gets to the 'sweet zone', I'll short.

http://www.screencast.com/users/Balance ... c9c9485444

Cobra,
great site. Over the weekend I will need to search the site and learn about H2/L2 etc.
All, have a nice weekend.