Cobra's Market View

Will there be a post-meeting Q&A by Ben?

Good for you!

Cobra wrote:OK, target reached. I said it's 83% winning rate and indeed.

Hi Cobra, What's the pattern that gave the 83% MM target?

Cobra wrote: I mean the volume means bearish.

Perhaps the move in Apple (AAPL) has something to do with the rumor that Nasdaq could be rebalanced to cut the stock's influence.

Cobra wrote:stockcharts is slow too. so could be DNS problem, not with our new server, I guess?

Not here in southern CA ...

Cobra wrote:a small consolidation here is bear's best bet. let's pray.

Cobra, would you think the support at ~124 an more important one? The neckline for the round top? This is clearer if you look at where we were before the crash by looking further back on the 15m chart ...

OR high as resistance, breakout then my 80% chances target failed the 5th time (out of 10) this month, so far only 50% chances. :( And this is why I said don't follow unless you know my complete setup which of course have solution to deal with the failure otherwise it won't be a complete set of set...

Cobra wrote:new google analytics is very interesting, guys see where you all. Those are the most active spot on our site now.

Interesting, even quite a few from south America!

Cobra,

How often do we see three MDDs in five days? Any implications?

Cobra wrote:way too strong the push up, i think we need a new plan. remember as long as the 1st step of the plan is correct, no harm down then I'm still the master cobra.

You are the man!

Cobra wrote:no clue about the market. according to my setup, it should be a short but the setup missed 1 cent to be qualified, so no idea.

Hi Cobra,

What would be the position size for the TZA position if it's triggered, $4000 for the portfolio account?

Cobra wrote:I really don't understand why people so care about my target 1,000? Didn't I clearly say that we'd have multiple weeks of rally? ...

Bulls only see bullish comments and bears only see bearish comments ...

Cobra wrote:Perfect, I made all the score today.

Great call and I followed your call at the last top ...

breakout indeed. should be more on the upside, there's no limit... :mrgreen: There must have a limit. Cobra should say the sky is the limit. :lol: :D Sky is the limit then there's still a limit. Cobra, Does this change your outlook on the big picture? Just a little bit ago a read that this push up ...

Cobra wrote:head fake, but really nothing to say, the pullback for now looks like a consolidation.

Hi Cobra,

If we close here, do you still this is still just a rebound? Has an intermediate bottom formed given today's price action?

Cobra wrote:trend line and EMA20 support, still not much to say, the rebound is strong, may go on tomorrow, but still it's just a rebound.

So you don't think the short term trend has changed? You would say it's "not clear" tonight?

Cobra, today's market has fulfilled your call for a pull back ... do you still believe the market will revisit recent highs?

Cobra wrote:well, almost at the target. I'll cover half at the target. be disciplined! although I think there should be more.

Thanks for your reminder! Discipline is indeed the key for being able to survive in this career...

Third time is the charm ...

IWM is already in the 2nd leg down ...