Cobra's Market View

1409 coming later today?

MrMiyagi wrote:Does anyone else smell a topping pattern or is it the aroma of consolidation.....

What topping pattern? Need to check and recheck and adjust your eyes. I am totally with usctrojan99. SPX 1500 by 3PM. Mark my word.

Dear Santa,

I have been a good boy all week. Please let the market goes sideway or slightly up into closing today. Please do not let the market drop at all. I would prefer a green doji close and for spx to be at 1386 or 1387 but no more than 1387 please Santa.

Thank you!

I agree with EvilTrader 100%. Sticking to one side or being permabull or permabear is a dangerous game. R.I.P Bulltart.

One more day of sideway tomorrow it seems, so boring... yawn...

Revised SPY doesn't look like this wants to roll over. reminds me of just about every trading day from january through april. morning dip, never ending bear flag/stairway to heaven 'aka' the no short zone. Totally agree with you. I just love seeing how SPY adheres to the fibs to the penny. I am onl...

Damn, 100 contracts. :mrgreen: Eating near wifi Can't believe ES didn't go to moon past my 1325 stop And it may drop? Really? Hft out for my 100contract stop Why does it feel that way every time ?!?!?? And now teasing me to short again Beachnut - with you - dangerous market --- I am here: http://tap...

Wave B has to be at least 20% of wave A right? I always thought that was the requirement 21.4% to be exact.

Cobra wrote:this is the max pullback I can tolerate and still read the chart bullish. but please no more pullback now.

hahhaha, Cobra is long. There's your trading signal.

So back to trading and ideas, who's willing to pay for Cobra's premium forum service with day trading signal and how much a month. I think he should lock this damn thing up and only allow 50 or 100 people in and lock it down for good. Make those 50 or 100 people pay premium price. He also has his we...

My god, so much drama lately on this board. Let's make some moola people.

bought TNA AH and sold at open for a small profit and now it took off. Thank god I bought some IWM weekly call to compensate for the loss. Should be up 200% by the end of today. haha, dreaming.

TWT wrote:SPX: The DZZ idea needs one more down leg with potential target in the area of 1300

exact what I had in mind. abcxabc.

so small rally tomorrow morning, then dump for the rest of the day until 3:05PM then rally into close.

TraderGirl wrote:Potential wave count...SPX...suggests another wave down to wave 5...???

I think you didn't see this but it is worth noting. 1 corrective, 2 impulse is not a happy ending for 5 waves down. Hope that helps!

KeiZai wrote:Bounce?

That's not the 5th wave down this morning. Originally I thought so too but it is now showing it is morphing into 2nd leg down and hopefully it will stop at 1298 cash.

Mr.T - Justin Bieber??? I don't like him. It's not his fault really, just a marketing machine taking him for a ride. Anyone with that much blind adoration directed towards them is just begging for abuse and scandal. Then again, I hated all the boy bands too....... and you see how they turned out. B...

uempel wrote:btran874 - I hear/read/see the opposite

I am holding long and short as hedge but I will add more long and let go short as soon as Dow retraces back at least 50% or more. So I guess my comments are long biased.

GM to all... I would appreciate your input on this when you have time. From what I have heard and read, most people are expecting a big up market Monday (most believe Greece won’t opt to leave the Euro) yet many brokerage firms were advising their clients to get out of the market. Central banks are...

VIX is the way, the truth, the light.

TraderJoe wrote:I see 1370 coming.

I am with Mr.Miyagi, 1500 coming.

silicon_beaver wrote:

Cobra wrote:Futures gap sharply. I think this is the 4th push up of the "n push up" pattern. How it tests the trend line above will be interesting to see.

Now, ES 1322 level has been broken. to test 1329.75.

With some luck, by the time the market opens on Tuesday we might gap down.