Cobra's Market View

I see a IHS on the 30 and 60 min chart on the SPY which is still in play.

V shaped recovery then push up to 1370 by end of week?

Rumour is that Mr Bunga Bunga has resigned.

Is anyone else getting tweets from Cobra? Only got 1 this morning which was opening statement.

standard_and_poor wrote:i see us going down this week as well, the greeks will finally put a damper to the bulls rampage, temporarily anyway.
here's the chart/roadmap for anyone interested:

http://standardpoor.wordpress/

Your link is not working.

1240 is next key area.

BullBear52x wrote:Bulls or Bears, you tell me.

And who said traders aren't funny?

Bulls, Bears and Wolves???

I'm new to this but I see a massive H&S on the 60 min SPX. 1290 head with left and right shoulders around 1260. 1255 is also the lower trend line of a bear flag so I think it's bearish from here. Let's see. 1240 has been big support so needs to break through that to confirm. I've gone short at 1...

Waiting for the breakdown. We may get a snapback rally on Monday if the nobody screws anything up at the G20 this weekend. Does the SPX look like its forming a H&S top to anyone else? Not perfect but close enough. spx110411.JPG Yes, I agree. Had an order to open to sell at 1260 but I cancelled ...

grachu wrote:your funny... you are right on... !!!!

Hey Grachu,

Is that you from BC? If so, welcome aboard.

where do you think the target is for this rebound?

Greece PM to resign. Ref to be cancelled.

You guys all know by now I blew up my account being into weekly puts last week.. Well, with what I had left, I went AGAIN into weekly puts yesterday... only to sell them when Cobra started talking about an inverted H&S... So, instead of making a quadruple this morning at the open and be back in...