Cobra's Market View

Been in cash after taking profits on TVIX calls on Monday. Could have made more if I stayed with TVIX into Tuesday, but I doubt I would have had the guts to take profits before that massive explosion right at the end. Now that I luckily side stepped that massacre, it's looking like we've made a dail...

did everyone see this? http://www.businessinsider.com/stocks-closed-at-the-same-level-as-october-3-2011-2011-10 Yes, that's been making the rounds on the net today after ZH posted it last night. Funny how ZH is now becoming a source for mainstream media. We could continue downwards here into Friday...

Very interesting... breakdown, but no movement on the dollar.

I am forced to watch how this develops on the sidelines.

Let's see if that was the washout. Still hours left into the close.

If this ends up being a bear trap indeed, it will be a very very well placed one.

Dollar not playing along with this drop... something smells fishy here.

Could that be bait in a bear trap they've put out?

The truth will come out as the market closes.

Watching on the sidelines for now. Don't want to get caught in a bear trap. They hurt!

Careful here, we may be setting up for correction rally that could last a couple of days. This could turn into a run up into the jobs number on friday, and then a sell the new event when the number comes out. Doing so would clean out some excess bearishness and set the stage for reload to go back do...

Took all profits and now completely out of all TVIX positions now.

Didn't like the action after the ISM numbers came out.

Will stay in cash and wait to see what happens here.

Dollar stubbornly high- added more TVIX here. Let's see what happens.

Dollar still near its high - this looks like a short covering blip from those who went short over the weekend so far.

Tempted to add more TVIX at this level right here.

Still have half of my TVIX positions from last week.

Need to figure out whether or not to book profits from them now... hmmm.

Dollar still blasting higher- looks like I won't touch them for now.

Maybe even add more TVIX depending on action.

Looks like I will be forced to hold the other half of my TVIX positions over the weekend

Dollar rising and near top- this last "gasp" by the bulls will fail... either that or it was a major short-covering move.

It should go down as the dollar is going higher and higher into the close.

Breakdown now imminent.

This is where it starts to get interesting people. Let's what been hiding behind the curtain all this time!

... and

the BUY program is now out of ammo!!! no more bullets left in the chamber.

Bears will now take over into the close. It could get beary ugly here... bulls better be careful!!!

At 3:20pm, which is about 3 minutes from now, the BUY program should kick into hyper-drive and blast off to the moon with no pause in between until the close. If we do start to rocket upwards at 3:20pm, I will take profits on the other half of my TVIX positions and move into all cash. Let's see what...

Another round of bullets shot by the BUY programs at 114. One thing is for sure, it's taking more and more ammo to net the same result. If they are able to connect and get lift-off, I will be taking profits from the other half of my TVIX positions and move into all cash for the weekend Somehow, I th...

The buy programs at 114 have unloaded a serious amount of ammo since yesterday. We just got yet another launch from 114 again. Took profit on my TVIX positions earlier because I didn't want to be caught in the same position as the close yesterday, but have an entire weekend to hold over to see what ...

Finally took half profits from TVIX.

Leaving the other half to the close. May or may not keep over the weekend based on the close.

I see a head and shoulder forming between yesterday and today now... if we break that lower neck line, we are going to go down... hard. Most likely, we will break that neck line and go down by about the same degree as we went up at the end of day yesterday. That will be one scary drop!!! Prepare for...

Chop City!!!!!

Be careful here folks... especially if you have stops. They are running this thing up and down before making the final directional move.

Bulltart: none of my business, just a respectful request
Could u take some of yr profits and buy a new avatar/logo
My little dog growls at screen whenever u pop up

Ok AlDente, let me know if your dog still growls!