Cobra's Market View

Hi Cobra. Thanks. Can you comment on GOLD? Is it a valid reversal from last night to now?

Cobra wrote:so far goes as planed. the bias is still up.

why bulls never give up?

Cobra wrote:I said the bias is up. now the target. a little channel resistance here though, wait.

Hi Cobra. Is this morning's drop one leg or two leggs?

Cobra wrote:2nd target met. that's not what I expected though.

Hehe, Cobra. When you expected it, it won't go there. When you did not expect, it comes.

Cobra wrote:support and my 1st target met. good.

Cobra, "good" of what? bulls or bears?

I believe lots of people are watching this line. I don't see logic behind this kind of line but amazingly it does work more often than not. I'm not implying it'd work this time, I'm just saying what I'm saying, this seems not logic line does work, very interesting. Hi Corba. The analysts and CNBC a...

I believe lots of people are watching this line. I don't see logic behind this kind of line but amazingly it does work more often than not. I'm not implying it'd work this time, I'm just saying what I'm saying, this seems not logic line does work, very interesting. Hi Corba. The analysts and CNBC a...

[/quote] all recent econ news are good, aren't they? So definitely no QE.I don't think market is betting on this.[/quote] Yes, you are correct. But from the CNBC article, the wall street analysts are seeing high chances of additional QE coming (range from 40% to 60% chances). What's your thought on ...

I don't know what to say about this market, why people so bullish here? :o :shock: Hi Cobra. I think it is likely due to high hope of more QE coming from Jan 24-25's Fed meeting. It may have something to do with the recent rally from 1200 to 1290. Otherwise it is hard to imagine the market has powe...

fib info. now I dare not blah blah 2 legs anymore, so let's wait. so far every morning dip was bought, there got to be one day that everything has changed. Don't know if it's today. Thanks for the update. Isn't today so far go as exactly as you described in last night's report? We had a higher high...

Cobra wrote:

costco wrote:what about red bar? isn't read bar worse than black bar?

Cobra wrote:if AAPL closed with a black bar, then sure it's not good looking.

worse of course.

Thanks

what about red bar? isn't read bar worse than black bar?

Cobra wrote:if AAPL closed with a black bar, then sure it's not good looking.

19 min left, now let's see if we have yet another red NFP day. :lol: if the 3rd time is the charm, although we had the sharp reversal again today, then close a little in red still make "the 3rd time is the charm". Cobra, I think you will mention one possible top signal you mentioned last ...

Cobra wrote:biggest bar on volume surge, hopefully this is an exhaustion bar.

Is there a down target here?

Cobra，it seems like that we will have another MAD after MDD. What do you see this time? Bullish or bearish?

Hi Cobra, I was on vacation until last night...Missed the big move this week...anyway, I signed up last night for your website as a "charter" member and continue to look forward. thanks for your great efforts and insights! Vats Thanks, really really appreciate. I don't know why, for 50K I...

some statistics to share in 60 years SP500 history. (1) Since 1950, there are only 5 times that weekly gain percent of SP500 > 8%. 10/7/1974: +14% 11/24/2008: +12% 3/9/2009: 11% 10/27/2008: 10% 8/16/1982: 9% (2) Since 1950, there are only 3 times that weekly gain > 80 points and have never had > 100...