Cobra's Market View

Cobra wrote:target met, this bear may have legs.

I calculated SSO from your target to be 66.50,You were spot on

possible double bottom on SPY?

Cobra wrote:open below neckline, so possible double top and tinted area the text book target.

Approx. where is that target 149.35ish

MrMiyagi wrote:

kenttown wrote:

MrMiyagi wrote:SPY 8.5 million sell in one minute a few minutes ago.

1.7bil to sell

Just saying that is what dipped the price quickly.

I sold 350 SPY near the top a little while ago, I thought maybe that moved it down

Cobra wrote:now key time for bears. cannot make a new low, then the game is over for them.

Do you mean for bulls?

Target was pretty much reached , no?

Double bottom or breakdown?

SSO new 52 week high

MrMiyagi wrote:

Mostly been erased after hours

Bears are not attacking, Bulls in charge?

did we have a small double top?

pullback too large?

Consolidation means continuation?

Missed my buy on SSO this morn by a few pennies, Hate when that happens.

Just returned to the board and, with apologies, feel compelled to comment on the noxious posts by Petsamo and those who agree with him. Have you wondered why the gun insanity is solely a USA phenomena? "Leftist" Europe doesn't go around killing - hunting people with guns. Americans are ob...

[quote="Claire"]Just returned to the board and, with apologies, feel compelled to comment on the noxious posts by Petsamo and those who agree with him. Have you wondered why the gun insanity is solely a USA phenomena? "Leftist" Europe doesn't go around killing - hunting people wi...

[quote="MrMiyagi"]Within 5 minutes of each other.[/q
Approx. lag time on those Pbars

Cobra wrote:OK, I give up calling for 2nd leg down. instead this rebound should be 2 legged at least.

Was that NOT a two leg down

Republicans have counter offer on spending cuts to avoid fiscal cliff

Cobra wrote:false alarm, bulls seem fine.

Buying opportunities