Cobra's Market View

Big inside day in SPY kinda bullish harami....what do ya'll think.

It's a bear flag. Let's see, I bought a hegde short position in IWM.

Today's market action is very different. Huge volume on e-mini, nymo bearish, neutral tick reading, market at all time high grinding lower suggest that profit taking is going on by the traders who bet on dow making all time high. Traders loosing money for last 3 months suddenly feel bullish, so are...

Today's market action is very different. Huge volume on e-mini, nymo bearish, neutral tick reading, market at all time high grinding lower suggest that profit taking is going on by the traders who bet on dow making all time high. Traders loosing money for last 3 months suddenly feel bullish, so are ...

I want it to rebound....b'cos I forgot to wear my shorts.....

TWT wrote:$SPX: Without an inpulsive decline price will not resume the down trend

Agree.....also in the morning 1500 more advancers than decliners, now 700 more decliners that advancers, so likely a heavy down day and follow through chances tomorrow....let see....

Cobra wrote:lunch time, will be back. again this rebound may have legs. bears only have 50% chances here. (normally, bears should have 60% chances, but nowadays, I'd rather give bulls more credit.)

Mr Bond consolidating at 143 is bearish....cancel yr lunch or u will miss the train.....lol

Cobra wrote:anyone likes to call it H&S Top? the winning rate is very low so it take some guts to call it.

Whenever this pattern is successful in a stubbornly bullish market, the market top is confirmed.......just an observation.

encouraging. maintain the plan. I said if the plan goes right, I'd say "told you", otherwise it's just for fun, I'd pretend I didn't say anything. since you guys didn't say anything against it, so guess I could say "told you so" here? :roll: I don't trust this plan yet :) . I wi...

rola wrote:

bonzodon wrote:why everybody is so bullish here?
pls let it pullback a bit.

I am not bullish at all

thanks for supporting the bears, there should be a 100 points pull back before resuming this rally.
If euro crisis pans out then may be more downside. let's see

why everybody is so bullish here?
pls let it pullback a bit.

Cobra wrote:key time. back test the morning high, bulls need a decisive higher high here, otherwise chances are the rebound is over.

It looks like C&H, if really breaks out, it would be a gain of 100 points in dow

Hi Cobra, I am expecting a bear flag to develop before the second leg can start.......(learned from you only )

Cobra wrote:very small double bottom here. I don't think it's significant enough to call bottom, still expecting a 2nd leg down.

hi Jarbo, How do you trade? what is your trading stratedgy? you seems to be in the options. what options and durations you trade them... This will help me to relate to you. Luckily market is open today and no office so i could really post here.... Thanks, It appears butterflies and negative divergen...

MrMiyagi wrote:Tapping into TZA for intraday.

Good call so far. Let me know when u exit

:oops: :oops: I am trapped in TVIX half in and started loosing some. Wish the market to return back in the range to break even. What are the chances it might decline. Is midday reversal possible? Any suggestion would be helpful from active TVIX traders. Going to be very volatile today, hard to say. ...

Richarab wrote:

tdo722 wrote:is this a pull back now?

this market spooks me. maybe cause i am old.
anyhow. join me at Trader VIX
drink specials 50% off

Are you old with experience or just old...... looks like vix is really rising

I am trapped in TVIX half in and started loosing some. Wish the market to return back in the range to break even. What are the chances it might decline. Is midday reversal possible? Any suggestion would be helpful from active TVIX traders. Going to be very volatile today, hard to say. I got out yes...

I am looking for a small pull back and would be out with a small loss, not comfortable to keep it over the weekend.
Though there is always a chance of a bad news over the weekend; the market would fall like anything

I am trapped in TVIX half in and started loosing some. Wish the market to return back in the range to break even.
What are the chances it might decline. Is midday reversal possible? Any suggestion would be helpful from active TVIX traders.