Cobra's Market View

Cobra's are fast!

Whats with UNG???

Hi Cobra

Did you say that we are likely to test 1330+ again before we maybe head down - this down day today being the second correction before we test the highs again?

Almost 150 points up since 4th Octrober?!
This thing must be running on fumes. Anyone got a match?

Cobra, is it the case you are bullish in the context that we should test the highs again today/tomorrow and then going short.
You just don't want it to go down prematurely before you have time to load up?

Myself, 1220 looked so good!

Is that it for the bears? No break down.

Morning Cobra and all.

Is this a buy signal? I take it we would have to try and test highs again or at least consolidate in the high region (1210-1215)before we decide whether to turn down. Therefore up I guess

close below 1205 and it's bearish.

thats the desceding line that connects the august and september high.

RealMoneyIssues wrote:

MM111 wrote:

Klarisskin wrote:A one picture summary of last 5 days events:

Funny

Not really...

I suppose not if you a bear. Ouch.

No offence, it's just that I'm at the stage where mirth is the only cure to the pain.

Klarisskin wrote:A one picture summary of last 5 days events:

Funny

I was being flippant - it's gone up so much that may as wellbe at 1220. This is a bear market and this run up has been something else. In that context Cobra's A (higher low I believe is possible??) but back down to 1030-140 is a strong possibility too. Either way when they run it up again after that...

1220 on super low volume. This is a warning sign. If I had more funds I would want to short like crazy now. This market is

sorry, I'm hurting too, Just thought humour might help.

honey,

whats for dinner?

grilled bear

Morning and afternoon all.

CNBC getting bullish and a huge run up. I think the top is in. This must be the last gap up.

It's called greed. Going short at this point has a high probablility of success. Just need to commit a sensible amount of money. It's been a huge move - indicative of a bear market. Sentiment soon turns.

Lets hope not then. 1200 must be significant resistance.

FTSE 100. Does not look like we'll get a new high today. Looks like Europe is ready to lead us down.

thanks