Cobra's Market View

I have a really fun chart to share with you guys. Roubini.png Very entertaining. I might also add that you often see these kind of pronouncements near turning points, especially from the likes of Goldman and Blackrock : From Bloomberg on 2/8/2012 : "Investors should have 100 percent of investm...

I have a really fun chart to share with you guys.

Cobra, Happy New Year!

Cobra wrote:strong close is not necessarily good for bulls because it means bears dare not hold the short overnight. Just it looks like all those Phantom Bars worked again, unbelievable.

VIX goes red

MrMiyagi wrote:pbars

How do these happen?

S&P About To Put Europe's AAA Countries (Germany, France, Holland, Austria And Luxembourg) On "Creditwatch Negative"

Hi Cobra,

VIX hits 200 day moving average. Do you think there will be a pullback for SPY? This week is really crazy!

Cobra wrote:target $124.96, 80% chances, the same setup failed just recently, so very rare it fail again. Let's see.

124.23 is the 23.6% Fibonacci Retracement from Oct. Could be a resistance

Everyone， Happy Thanksgiving！

OR breakdown target, 80% chances, but I'm not sure. I just know the morning low will be revisited even we rebound from here and no turning back for the rest of the day. Cobra, I would appreciate it if you would mention target price when target is below chart lines. that'd be: 119.47 - ( 120.35 - 11...

pady wrote:How do folks here trade oil ? For long, I buy UCO. But I cant short UCO ( fidelity doesnt allow ). Buy DDG ??

You can buy SCO.

Cobra wrote:no breakout, let's wait. tinted area are the target for breakout on either side.

Hey, Cobra. I see you use a lot of "target". How do you calculate that target?

Cobra wrote:maintain the plan. we'll see a rebound. I'm not shouting out this, I'm murmuring.

Is that looks like a small bull flag?

thanks, Cobra