Cobra's Market View

Re: 09/19/2011 Intraday Watering by heavenskrow » Mon Sep 19, 2011 1:50 pm MajorEasy wrote: MajorEasy wrote: heavenskrow wrote: Going back to the SP500's inception, with this strategy you would be up 172.62 % on your initial investment, and 54.55% probability of winning trades. Thx for sharing i've...

As painful as it was, I spent all of last week adding TVIX (long VIX) positions through the rise of the market. This was done in the anticipation of the 10/80 weekly SMA crossover. We now have a confirmed cross over on the ES. I am fully deployed long TVIX as of last Friday. Now that we have the cro...

Hmm... that looks like a break down from the triangle.

Hi folks, been busy all day but looks like returned just in time to see the afternoon selloff!

ZH has an interesting point- the joint central bank move today is to actually prepare for a Greek default. If Greece defaults, a liquidity issue will ensue as demand for USDs will skyrocket (what happened the last time). Having learned that from the Lehman episode, they are trying to be one step ahe...

Yesterday part deux in the works?

That was a great call Cougar- nice!!!

Bulls really having a tough time trying to crack that double top... I thought they'd hop over it on the third attempt but it was a fail.

Let's see if they can muster a fourth attempt????

Knock knock knocking on heaven's door....

how many more hourly candles will it take to blast past the double top? resolve already!

btw- my avatar is just a pic I found on the Internet. that's not me in it.

Another double convergence on the Qs (from SOH thx Tim!)

Zooming out to the weekly, we are at a major cross road... we're right up at the cross-over zone between the 10/80 SMA now. If this rally were to fail, this would be where it would happen.. somewhere in between 1200 and 1220. Let's see if the bull can pierce both the 10 and 80 weekly SMA right where...

Not a good sign for the bulls... the bounce after rejection at 1200 for the double top was weak... bull need to gather momentum to make another run to break the double top at 1200, not make weak bounces followed by further selling... this could be a bull trap in the making... all those who recently ...

Hmm.... double top still in play... long tails at 1200 each time it touched it... seems to be like touching a hot pan and running away from it, only to come back to see if it's still hot... and so far, it's still hot. Quite overbought on many levels, time for some sort of a pull back. Let's see if t...

The central banks and mass media have impeccable timing... whether by luck or by design (*insert conspiracy theories here*).

Let's see if this is the gasoline that fuels the detonation yesterday upwards into oblivion.

by KENA » Wed Sep 14, 2011 1:01 pm I will say that this last push came very close to the point where I would have covered my shorts. That's the idea :twisted: BTW- in the same boat. But I will need a convincing breakthrough to confirm that it isn't a fakeout. Willing to forgo some of my profits fro...

Watch out here... this is where retail traders tend to get screwed... be careful before taking action here... wait for confirmation before doing anything.

Decision time... let's see what surprise she has for us... DAX looking positive, so we may break upwards here... if so, will be forced to close long TVIX positions.

If not, we are going down to test Aug lows once more.

Approaching a very important point here... failed at the first attempt. Bulls need to break through this resistance to set a new trend upwards. Let's see if they can do it. Still holding long TVIX positions from yesterday- if we blow through this resistance on volume, will be forced to close my posi...

WOW!!!!!

LULZ.. zero hedge saying the same thing I was alluding to... http://www.zerohedge.com/news/rumor-fatigue-bric-buying-half-life-under-one-minute While I am long TVIX which is essentially short the market, this is getting dangerous here... I don't want a full blown systemic meltdown, but I am starting...

"BRICS COUNTRIES IN "VERY PRELIMINARY" TALKS TO COORDINATE PURCHASES OF EURO ZONE SOVEREIGN DEBT - BRAZIL GOV'T SOURCE" Hmmm... looks like the same type or "rumor" that spiked the market yesterday at around the same time. But unlike yesterday, the spike has not happened...