Cobra's Market View

at the minimum, going short now creates a great deal of headline risk for your portfolio heading into monday given all the chatter right now and meetings that will take place over the weekend. I didn't like holding short over the weekends in Q3 08, same now. Also, I wanted to go back to a post by Bu...

"What is the news on YHOO? Volume and spike."

fwiw, Dan Loeb is now a monster holder of YHOO shares and is attempting to push the board out

iow, big time player involved here

And cobra, btw, I still think YOU are the man

I love your blog

I do not care for Ben Bernanke, not the pretend one on your blog, the real one either

that's some honesty....

Cobra, i can't get disqus to work so wanted to respond to you in here, all due respect but I totally disagree with you regarding the comments I left for one Ben Bernanke on your last thread. this guy is dangerous to rookies reading your blog, if you can't see that by now I'd be a bit surprised, for ...

re: Gold so gold goes up if there is bad news? What the heck happened to it in 2008.....it was different I guess. Recent history may show gold goes up on bad news, long term not quite.... gold looks like it's just starting a triangle to me, makes sense as something needed to work off all the euphoria

it's not correct to say that volume never matters it's just be better to say it hasn't mattered in the very recent past, longer term, it most certainly does when there is a large enough supply and demand imbalance you'll see what it means when it matters the market is never going to evolve in such a...

"you pay attention to Uempel? when the market is not for him, he goes away. it's similar to me, when I'm not sure about what the market is doing, I shut up. Just unlike him, I cannot run away, I have to say something here" smart comment, it seems a lot of people on this board want you to t...

nice trading AK

sweeet

+3 on Cobra

I might consider putting up a chart of AAPL as I think it could put in a significant top around $420 in November but I'll likely just end up looking like an idiot

probably not real wise to try and call tops on a leadership stock

then again, I might do it anyway....

the Martin Pring book is a good suggestion, he has another one that is about trading psychology, I can't recall exact title as my copy is at home, it's a yellow and green lettered cover I believe but Pring is the author. I'd suggest that all traders should read it I find I learn even more about how ...

thats fair mongoose

I hope you make a killing!

good luck to you

mongoose I get your point about run before the market but there are all kinds of methods that work so I only agree with you to an extent running with the market (ie, momentum systems, which there are plenty of) can in fact allow you to extract money from the market while you simply run along with it...

unempel

I'm with you, I'd wait for some type of confirmation to short

but I'm generally trading this way

I'm not one to try and pick tops and bottoms, lost some digits playing that over time

everyone changes their mind less as they improve, this is only logical but less doesn't mean never, I believe that was the true point here if people that dont' have experience trading aren't taught that lesson they'll feel a lot of pain before they make any money surely if you are a student of the m...

I think for a lot of the "newbies" here asking Cobra several times in the last week if he is contradicting himself I think it's important to understand the concept of varying degrees of trend I think it's also important for a newbie to observe that a pro trader changes their mind quickly ...

I think for a lot of the "newbies" here asking Cobra several times in the last week if he is contradicting himself I think it's important to understand the concept of varying degrees of trend I think it's also important for a newbie to observe that a pro trader changes their mind quickly i...

"who in their right mind would want to be long today, with our economy the way it is." I'm certainly not some raging bull, not at all in fact..... but I do recall the economy looked darkest in the first quarter of 2009, not a bad time to be shopping for longs in hindsight. The economy is n...

some top timers I follow looking for huge down from here, 150-250 s&p points by end of september

I have no idea, staying in cash

good luck

uempel wrote:

ksd9358 wrote:all cash now, may trade after 10:30, hopefully the market will have a direction by then

Bernanke text will be out in 2 minutes...

he basically just read the august statement, he said nothing, iow