Cobra's Market View

Cobra, green close good for bears? 13 opposite days.

Bit like how bears are looking at SPY atm

Cobra wrote:Smart money heavily short. It's the 2nd record short.

Only matter of time before they pull the rug.

SPY pbar 149?

Yesterday never happened.

L_T wrote:Will Miyagi's p-bar to 94.46 on IWM be in play soon? I see it gapping up to 93.76 in pre-market.

April fool pbars don't count

Cobra wrote:for now I don't believe this pullback means the 2nd leg down to tinted area target, but I cannot deny the chances. will have to out for about 30 to 60 min.

TraderGirl wrote:EWG busted long term support....

Kind of like a wolf wave forming, no space on chart for target.

MrMiyagi wrote:

Mr. T wrote:"We're never going down again!!!!"

This week is Cyprus week. Next week it will be forgotten.

Yeah til more earnings disasters.

Bernanke: We're not measuring our success in terms of the stock market.

We're going to the moon.

Cobra wrote:By the way, those bastard, now we understand why so hug outflow last Friday. I thought it was just OE effect. It's not that so I guess now.

Few of those big banks might have been advising the EU.

Greenspan does it again. This is a must read:

http://www.zerohedge.com/news/2013-03-1 ... 0%99s-fate

johnnywa wrote:Why would you long without even looking to see what charts are saying after open?You have no idea how intense selling would be at this point

The thing to watch for is bank runs across EU. The slightest hint of a run will put 1987 in the shade.

The most frightening thing about this is that all of the ridiculous things the leaders of the EU have done previously has been done in the name of stabilization yet they either abandoned that now or were, more likely, too foolish and detached to see the possible psychological ramifications of this ...

Will Cyprus be the butterfly of Chaos Theory for European economies? If we look at the facts it's unlikely: Cyprus has less inhabitants than the Bronx, 1.2 million versus 1.4 million, but per capita income is nearly 30'000 $ versus 17'000 in the Bronx and 32'000 in NY. But if we consider the crazy ...

Cyprus bailout has been announced today and they're slugging depositors with 100K or more with 9.9% levy and 6.75% levy for under 100K. There might be a bank run over there and possible spill over effect to other EZ countries.

Tepper's latest rant sounds desperate. He said he's surprised SPX is not up even more this year and the US is on the verge of greatness. He's probably using the euphoria to unload.