Cobra's Market View

Roadrunner wrote:Bull bear52x - when you write"Good long term holding pick is UNG" - are you beleiving that we are at the lows now? The NG futures are still in contango

Yes, I think so. but the market doesn't care what I think in the past though

Talk about FAZ, now challenging decending trend line, very very Bullish if made through here.

A few posts ago somebody wrote about going long to earn himself his lunch. I'm not sure if that is the right attitude. Suggest he go for a Porsche next time and look at the charts more carefully. That Porsche might soon be parked in front of his Garage if he notices that a) presumably the market dy...

Cobra wrote:The pattern is not good for bulls, likely to breakdown.

Ther she goes......

DIA still hanging on last Friday's line.

I am 50% shorts now.

Dow Trader wrote:I am out of my shorts EUR, target hit 1.3985 ( 40 points ) ... with Dow shorts closed also earleir,.. I am done trading for today..
good luck 4 all

good job, I don't know why I am still here, got my targe earlier also. don"t want to miss a big break down I guess...

Wow! bye longs.

SPY long stop lost @131.55.

come on Uncle don't let me down. nerviously going long now.

lets buy here folks, I know uncle Ben is still at work.

Cobra wrote:The bigger picture still not bad, no lower low yet.

Thanks Cobra, support on last Friday QQQQ is piercing that now, SPY and DIA is still holding up well. agreed with you no dip buyers here, not seeing any yet.

Good long term holding pick is UNG. BWDIK I don't own any yet but will be soon.

dow trader, I ams till holding my short since friday. As for Euro, timing is critical. Take a look at this, and when it gets to the 'sweet zone', I'll short. http://www.screencast.com/users/BalanceOpt/folders/Default/media/e7a2adfd-ab2a-471b-b682-8bc9c9485444 alright :mrgreen: :mrgreen: :mrgreen: a...

Me XMan wrote:Can someone give a read on CSCO? Buy at $18?

bottom fishing is not me, from looking at the chart of CSCO, it's not a buy for me in any time frame.

Me XMan wrote:Going long SPY for lunch money.
MACD telling me over sold.

132.10 maybe not here.

Me XMan wrote:Can't figure out where it's going today yet.

BullBear52x wrote:Down trend day? got my coffe money already

agree as far as directional, but I sense the weakness.

Down trend day? got my coffe money already

Dow Trader wrote:

BullBear52x wrote:Good morning,
Here is my plan, bad plan never better than no plan, nothing good comes out from a bad plan, so this is a good plan

thanks for sharing the chart, my plan exactly the opposite but for scalping. I will short Dow 12200

Tech and financial is where to short today.

Breaking up here be careful Bears. I don't think it will, GL to all.

Good morning,
Here is my plan, bad plan never better than no plan, nothing good comes out from a bad plan, so this is a good plan

Cobra wrote:Support + volume surge, I'll say a rebound here (intraday).

what a fight. now I have to rethink my weekend plan.