Cobra's Market View

Today is POMO day. ( since yesterday's got cancelled ).

Why the drop in oil past 30 mins ? SCO went up 1$.

S&P rising wedge...

I love getting to sleep in because the market already gave me the buy signal. Positive D on ISEE was a confirmation to my signal and the /ES moving back above 1,206 had me turning off the alarm. Clear 21 waves down for EW fans which me know creates a great trade point with at minimum 2 waves up. I ...

heavenskrow wrote:I guess santa rally for bears =]

ROFLOL...

newbie_77 wrote:another test for the LOD.... we will certainly break this.. how low we go today?

Taking a guess...1194.

wow, pady, you're a genius, you guys hear that? everyone follows pady from now on. I dont do EW much but for calculating numbers - but I follow a couple of geniuses ( according to me ) who I believe in. So hats off to them. you have a choice to ignore my counts instead of commenting on it. When cob...

I agree, it's too fluid to be predictive....looking in the rear view mirror a lot Is any theory predictive ? The good EW guys also give good SLs. I have found that combination to be deadly. Last trade based on EW I did was - 1280-1170. And now in 1260-1150 ( ? ). That is good enough for me once a m...

Cobra wrote:now with this pullback, it's clearly overlapping or ZigZag up so it's a corrective up in nature. not good. I'm disappointed.

I really thought there is one more runup to 1232 before the big drop. Maybe it is still there.

I'm no master trader. In fact, I'm one of the idiot dumb money or so they call it. As for using Elliot waves, well it's the blind leading the blind and deaf. Dont you think the second statement is a bit too much after making the first statement ? I have had more success with Elliott wave than any o...

Yesterday's post... A=1210 - 1225.6 B=1225.6 - 1216 ( .618*A) C=1216 - 1231 Now it is all downhill from here...1150 here we come. Don't believe too much into elliot crap. Have you ever watch that commercial by All State about the GPS? That's how I think of Elliot waves. Turn Left, now, recalculatin...

Yesterday's post...

A=1210 - 1225.6
B=1225.6 - 1216 ( .618*A)
C=1216 - 1231

Now it is all downhill from here...1150 here we come.

Prev post was not right...

A=1210 - 1225.6
B=1225.6 - 1216 ( .618*A)
C=1216 - 1231

A = 1214-1220
B = 1220-1216
C=1216-1222 ( or upto 1226 if C=1.618*A )

Anybody think we did an expanding triangle ABCDE and we might go down ?

Anyone think UNG is a buy ? It has been a vertical non-stop drop for a couple of years now.

merkel shorted /ES.

This fall will take us to 1140 by next week. I am all short SPXU.

All world problems solved. Santa rally. 1400 by New Years.

All financial problems have been solved with the EU bailout. See you all at 1600 tomorrow. Have a good day folks...