Cobra's Market View

BullBear52x wrote:can't fight them join them

we're on the same rhythm...

it's obvious that the bears have little will to defend. just took half my shorts off and reversed to build into longs.

Yesterday at this time SPX was at the same spot. It's boring and I'm off for a few hours 8-) RedEllipse.png I am thinking of taking some time off for few days here too. spend some times in the wild may not be a bad idea. bullbear, you're my bearish lifeline. trapped in these shorts, and it looks li...

frankthetank wrote:these bulls are fighting for the life

so much buying interest on this headline induced drops. disgusts me.

jarbo456 wrote:

Cobra wrote:no comments, I'll wait for the dust to clear first.

bulls fighting the data and the phantom bar. lol

looks like the phantom bar is just that...a phantom.

Cobra wrote:no comments, I'll wait for the dust to clear first.

bulls fighting the data and the phantom bar. lol

jarbo456 wrote:

Cobra wrote:

uempel wrote:Went short now (don't copy, this is high risk!)

SPX7.png

might not be a bad trade.

what's your stop on this trade?

i guess around 1210?

Cobra wrote:

uempel wrote:Went short now (don't copy, this is high risk!)

SPX7.png

might not be a bad trade.

what's your stop on this trade?

morning guys. late start - was stuck in philadelphia this weekend.

looks like lemonade to me...shorts being squeezed some more.

bullish machines seem to insist on squeezing the crap out of us.

can't lie. totally confused. has their been a reinterpretation of what bernanke said?

this is a rather strong rebound. apparently the bulls aren't out preparing for the hurricane.

KENA wrote:

BullBear52x wrote:<114 it is.....last stand for Bulls

I would like to think the Bulls are now Sleeping.

or hopefully at walmart buying flashlights, batteries, and bottled water.

anything to keep them preoccupied.

Cobra wrote:still think it's hard to go further down from here, got to be a rebound of some kind.

i agree...but i think further selling into the European close before liquidity dries up and we find some equilibrium near the low of the day.

sell the rebound.

do you agree cobra?

i live on the 5th floor. think that's high enough?

pushing back into yesterdays range? -_-

was there a phantom to just above 118 on the closing 5minute spy today? i hope not! -_-

well, guess that's it for today. Bears don't want to see a low of day close because that would be a Bearish Engulfing on the SPY daily chart which actually is bullish, very very, so a little rebound until close it's good. Thank you guys, I'll see you tomorrow. We had a great day, by the way, becaus...

Cobra wrote:well, the 3rd touch, I don't think the line will hold this time and I see H&S top here.

what is the lookout for tomorrow's open if we close today at the LOD cobra? any ideas?

Cobra wrote:wow, nice popup, I bet everyone sees what I saw here: H&S bottom!

the shade is your target for the day cobra???

i'm seeing more of a short term coil...which usually breakouts in the prevailing trend, which is down. no?