Cobra's Market View

How about 3 straight up days on declining volume.

Bull may be out of gas a doji in the last hour would make for an interesting setup tomorrow AM

/ES hourly RSI = 89 11 more point to go to hit a perfect 100 :lol: sure I am going to get squeeze. If a man has to fight, generally best to wait until right at the close as the market very frequently closes at the HOD. This is not a fight for bears, it's trend following, bulls is counter trend on m...

BullBear52x wrote:/ES hourly RSI = 89 11 more point to go to hit a perfect 100 sure I am going to get squeeze.

If a man has to fight, generally best to wait until right at the close as the market very frequently closes at the HOD.

I think I count 10 straight white candles...enough for me to take profits

after last week's huge up. I am thinking we saw the bottom already for this week. Adding to longs here with a stop at today's low. Longs have been in Europe and Germany with some Spain. A break below today's may signal further selling.

bulls love to close at the hod. Buying the afternoon dip can be very successful as the close ramps up.

just get long and enjoy the low volume melt up.

well, guess that's it for today. I need dig a little before calling the next Monday (assume it's till up because FOMC is Tuesday). Thank you guys, I'll see you TOMORROW. Before the close, please take a little time to vote for me, thanks. https://stockcharts.com/public/1684859/tenpp 1.png What else ...

New model

Gap higher
Close gap
Eliminate volume from 10:00 to 3:30 - grind higher
3:30 to 4:00 - surge higher close near HOD
AH - grind higher / rinse and repeat

Looks like cobra's 100% (almost guaranteed trade) will come to fruition today...assuming we finish green. I sit positionless right now. Anything Europe looks good with a little pullback.

Petsamo wrote:

Claudio.dicorato wrote:Go short!!!!!!

They just want to set the low point on the candlestick. It'll be a fake bear raid. Da bears have no backbone

bingo

TWT wrote:SPX: Impulsive up leg ===> The correction is over

Doesn't this suggest a 50% type retrace is now due so that the next up leg can begin?

what time does the market close tomorrow?

Me XMan wrote:Damn! I covered too early ???

KeiZai wrote:Dow still have 200pts to go

No cover yet here. May 1/2 out soon. Yesterday I called the market schitzo...panning out big today.

I use a black jack trick once an imbalance starts to occur I will place a $10,000 bet the opposite way. If I lose, the next gap I have $20,000 on it. If I lose, I play $40,000 on the next. If I lose, I play $80,000 on the next one. Bet on a reversion to mean. What needs to happen to make you want to...

Bet on a reversion to mean. What needs to happen to make you want to place bets on a gap up or gap down ? Not sure why the data posts that way, but the colums are # of trading sessions, gap up, gap down, % up (frequency of gap higher), up Avg (% higher on gap up) down Avg (% lower on gap down). This...

Not sure why the data posts that way, but the colums are # of trading sessions, gap up, gap down, % up (frequency of gap higher), up Avg (% higher on gap up) down Avg (% lower on gap down). This data is 3 days old, but it doesn't change the overall conclusions. Also, I believe it to be materially co...

This data is 3 days old, but it doesn't change the overall conclusions. Also, I believe it to be materially correct, but there may be some errors. Conclusions 1- Gaps higher occur about 55% of the time. Gaps down are generally just slightly larger than gaps higher. Gaps generally average about 0.5%....

Me XMan wrote:Still haven't covered my shorts yet...

ditto