Cobra's Market View

Watching the descending channel... yesterday's detonation at the end was quite a show. Luckily, I was sitting on enough profit-padding that I didn't enter some sort of panic and do something foolish.

Still all-in with TVIX- let's see what Mrs. Market shows us today!

3PM.

This would be the time to execute the BIG SELL orders from the institutions and funds.

Let's see if we have a repeat of yesterday's action here.

Good luck!

Last chance for trapped bulls to get out.... good place to load shorts... last touch of yesterday's low before we flush to the close.

Wish I had more dry powder to add to my TVIX positions here, but already all in!

Ok, the play by play seems to be unfolding as I've been ranting... Thing is, was that just the retest of the horizontal line of the descending triangle? If that was it, it came too quickly and was too weak... it didn't even make it up to the line. Which is really bad news now as we still have 2 hour...

And there it is! We have breakdown of the descending triangle, in similar fashion to what happened after yesterday's gap up... these are looking like some serious bull traps they've laid... especially this morning's which had good economics news as enticing bait... If this continues to play out as I...

Woops, here is the chart:

Similar setup to yesterday's descending triangle. If the pattern repeats, we will get another downdraft once the horizontal support is busted. Then a retest of it before the final flush into the close. Let's see what happens here. Selling pressure is strong. Gap ups are being sold off. Even if domes...

Still keeping my TVIX positions, still fully loaded. Haven't touched it.

Could we visit the bottom channel soon? Maybe... let's see what happens.

*edit: lovely typo on my chart... I meant "two week"

Still all in TVIX - keeping positions overnight.

Normally would have taken profits at this level, but action today is telling me to hold overnight.

Let's see what tomorrow brings.

Deployed any remaining cash and now "all-in" TVIX.

After cashing in my TVIX positions from last Thursday, I've been sitting in cash waiting... side-stepped this most recent run up altogether. I'm back in with freshly loaded TVIX positions. We have approached the 80 week SMA once more, and that has been beating down the S&P everytime we make it b...

by heavenskrow » Thu Sep 22, 2011 1:56 pm congrats to the guy who held TVIX Thanks heavenskrow. I was all in TVIX as of last Friday, after accumulating all throughout last week. Made no trades after that until this morning when I finally cashed all in. As I've been repeating, 10/80 weekly SMA is my...

Ru-Roh... market is NOT looking healthy at the close.. some very fierce selling going on. Be careful here, could be quick sand to the abyss if buyers don't step in. Still more than 5 minutes to go. A lot can happen in just 5 minutes. VIX now taking the baton from the USD and sky rocketing. Have not ...

Holy Dollar Batman!!!!!!!

Talk about an explosion.

Sharks unloading.... watch out tomorrow!

It's getting clear to me what was going on.... the sharks got caught with their pants down on Monday's gap down... the pbar that day to today's high was an indication that they were going to squeeze the market back up to last Friday's close, luring in the retail herd, and then start distributing... ...

I got a P Bar at 121.19 but the mkt will not go that low.Will only work for the hi.Ha Ha I also saw that, but then it magically disappeared for me, as if nobody should have seen that dirty little secret. I'm going to start trading a tiny amount on all pbar activities (including those that magically...

LOL PBar on SPY yo 121.20... now we know where she will go. Dang trading has never been this easy!!!



*edit* whoop! disappeared. Never mind.

Even I am shocked by the pbar's blatant action... astounding how they keep making loads of money this way, and in front of everyone's faces to see!

Very very brazen.

Dollar index looking like it wants to explode higher after being in bull flag formation...