Cobra's Market View

I have voted 'no event' but I have no clue on how markets will interpret to the election outcome. The two leading candidates, the Solialist and the Democrat, are both for staying. So Greece exits Euro is improbable. But either candidate is likely to win a majority so the winner will have to form a c...

What a week.

Thanks Cobra. Your market sense's just amazing.

Have a good weekend everyone

ken d wrote:I hate to junk this blog up with useless info , BUT , Cobra, that gap down call you made yesterday evening was insane ! An outstanding example of your trading acumen !

Agreed. Cobra is God.

Thanks

Cobra wrote:

mtljaysfan wrote:Cobra laoda, or any other laoda willing to enlight me, did you see anything that hinted the selloff, before it actually happened

Yes, didn't I say could be 3 push up pattern therefore a potential reversal?

Thanks, I apppreciate it

Cobra laoda, or any other laoda willing to enlight me, did you see anything that hinted the selloff, before it actually happened

Was thinking about either to short the previous high 1340sh potential resistance or to buy the potential BO

The sell-off this morning totally caught me off-guard, considering the bullishness of over-night Globex session.

Cobra wrote:

Travelfrog wrote:Cobra, do you think we will get 3 push down before reversal?

That's exactly what I drew before lunch. We've got the reversal. May just be a rebound though, not sure, today so far could be a range day.

Great market sense/vision/instinct !

good morning & happy trading!