Cobra's Market View

OK, I was wrong, but here comes a little more support.

Cobra, Just want to say "thank you " for creating this site. Questions for members who has access to stockchart.com I don't have membership to stockchart and I get basic chart. Is there anyway someone can post a chart on "SPXEW." John Murphy had a chart a few days ago that SPXEW...

wow. I am dizzying. My next resistance is 1344: http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=1&mn=3&dy=0&id=p74743229265&a=222434177&listNum=3 Yeah,if you just look at it for a second or two the chart is a mess. But if you know how to use it it's good for S/R. I guess I ...

Measured Move:

If I may guess, another push up ahead.

Cobra, in various trading systems, which type do you feel is most reliable, like H1L1/H2L2? H1/L1 etc is just for scalp not even a system. The most reliable one should be trend following one since no one can predict the market move 100% so why not simply follow? Very true! It's just a little scary ...

Could be a successful H1 long here...

trader wrote:Cobra, in various trading systems, which type do you feel is most reliable, like H1L1/H2L2?

H1/L1 etc is just for scalp not even a system. The most reliable one should be trend following one since no one can predict the market move 100% so why not simply follow?

Not sure if this is H1 long...

Pullback as I said. Both bulls and bears now should wait, let the market go first, let the market go first, don't be a hero...

uempel wrote:This morning I thought 1342.80 would make a nice top:

http://stockcharts.com/h-sc/ui?s=$SPX&p ... =166922874

Nice chart!

angrybear wrote:cobra is it smart to load up some march call options for the vix right now?

No idea. You know I'm expecting a sudden VIX collapse one day? So I might not bet on VIX spike for now.

Volume surge, so a little pullback could be here. Don't short, the up momentum is just strong.

Cobra, do you mostly trade indexes (ETF/future) or individual stocks? Frankly because of my blog and the Chinese forum, I have no time for individual stocks. Now I focus only on index trading. It's not bad though because if you focus only on one thing, you pretty much can research a lot and thus ha...

EvilTrader wrote:hey cobra...

breakouts like this at multiple years highs werent supposed to happen in days like today.....

Don't worry, chart will tell me if it's not suppose to. Chart never lies.

Well, here comes the breakout like I said.

OK, this looks like a breakout is in the card. This market is, speechless.

This is how I read this market: could be breakdown the trend line then back test the previous high therefore a potential reversal setup. Just a potential. Plus today most likely a range day so I don't expect this breakout if any could go very high.

2 leg up to resistance. I won't chase here, let's see.

pezhead9000 wrote:Rebound same as 1930s
http://www.ritholtz.com/blog/2011/02/an ... intensity/

Yeah, thanks, that's what I saw.