Cobra's Market View

August 2011 highs are support ?

MrMiyagi wrote:

Cobra wrote: will explain in tonight's report if weak close.

What is your line in sand for weak close?

I was curious as well, mr. M

I guess the market helped us -- certainly not a weak close.

Strong close ====> more downside

Do I understand?

P bar to 134.40 !!!!

There is a lot of jibber jabber on CNBC about market on close orders. Anyone know where we can get a preview? Or is it just anecdotal from floor traders?

Cobra, thanks for a good week.


Have a good weekend everyone !!!!

Breaking out for third leg ?????

Cobra wrote:target.

thanks

Cobra wrote:bullish, maintain the plan.

Here's the breakout !

Any idea of target?

qqq at lod bounce very weak so far

for now, the bias is still down. again, I change fast. Cobra, would you call it bear flag just now? If so is there any special way you trade it? TIA! it's bear flag, because the previous trend leading to the flag is down. We have been in the flag for a little two hours. Any thoughts on flag length ...

Cobra wrote:

thomas777 wrote:can some1 update on GLD ?

Thanks!

maintain the target: http://stockcharts.com/public/1684859/c ... /124844123;

Reasonable to expect follow through tomorrow ?

Cobra wrote:I think this should be a 2 legged rebound. we're on the 1st leg.

First leg is complete and we are in flag. Second leg should equal first leg?

I have the idea that "reverse window dressing" exists. Window dressing is about the pro's getting their bonuses --- exceeding goal. In bad months, why not kill it to give next month a better chance?

Close at the lows ???

I cannot believe anyone would want to take this market home tonight. We should be prepared for Mr. M making a "dour hour pronouncement."

If we see a RIP today or tomorrow it will mean employment number is good. (the opposing view, I cannot see it as likely)

AAPL looking strong. About to go green.

KeiZai wrote:GM COBRA & BOARDIES

DAX: hello bear flag (they tried to stop falling with big hft spike but without success) maybe they have some better tricks for later today

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DAX a model for SPY ? We break trendline, rebound to it (as earthlings often do) and continue with large move?

MrMiyagi wrote:

ken_d17 wrote:RIMM news pretty bleak.

Did anyone think that RIMM would actually be a viable company again? I'm surprised they are still around.

Me too. I am amazed at how long it took to get here.

RIMM news pretty bleak.

MrMiyagi wrote:Monday US markets closed, Tuesday crap n gap down.
My tea leaves told me.

Setting up for a dour hour ?

Got a P bar to 131.53 Should we believe it ??? You got a chart? Miyagi, any p-bars??? Exist on TDameritrade. I am sorry but do not how to get that chart here Are you on a Mac or PC? On TD platform, up by "Symbols" on the right you can see a little icon that looks like a printer, if you cl...