Cobra's Market View

is today a 9 to 1 down day? Sep09 was a 9to1 up day.

BullBear52x wrote:Here is the gaps, I will not call failed break out until we drop back below so far so good for the bulls, I see no reason to short with no hedge here. I am done today.

IWM, MDY(mid-cap) close < open, weaker than major indicies.

Wish Cobra recover soon! Best wishes for the new year!

Thanks Cobra for the continuing education in following the markets, and to the many others who contribute trades and charts. Just as an observation today, the Dax did not conform/confirm market moves today. The Dax/FTSE and S&P normally have very similiar intraday moves, having seperated from t...

nowadays, robot trading, positive feedback loop. trend is fast and furious, snowballing for 2 weeks.

KENA wrote:Just got done cleaning up all my blood on the floor.My bleeding is slowing a little bit now.I thought i was a dead bear .

me too. this week just relentless push up.

9:45 chicago PMI, but release to subscribers at 9:42

cobra: 30min ChiOSc is really high, but 60min ChiOSc is ok. which one is better indicator??

Cobra wrote:if we see H1 on the current bar, that'd be very tricky, i have no idea it should be long or not, my instincts tell me, yes, but I won't trust a snake.

your "evil plan" is so accurate! current H1 is 50-50 though.

Rut2000, TF, subscribe to NYBOT data package $2/month.

Flat open, gap if any will be filled. I have a setup with winning rate over 80% that was failed yesterday (remember I gave the target and stated that's my secret in yesterday watering thread?). Well, that setup isn't over yet, as I checked again last night, most failed setups in the past, the yeste...

Cobra wrote:tinted area as text book target. 80% chances.

why is blue tinted area drawn like that (2nd measured move down starts from 126.34), not ABC down (i.e. 2nd leg down start from 127)?

Good morning! and thanks!

Cobra: in your chart book, you haven't updated 6.4.1b extreme high $NYADV (>2600) for a while, is it because it's not enough edge lately?
today $NYADV =2560 so far, have potential to trigger some exteme reading.

Thanks, Cobra and everyone!

thanks Cobra for your explnation. you are successful L3 short.

cobra; the L3 short failed again. wow. no, it's not a perfect L3 short. an experienced bear wouldn't take that bait. in fact, i doubt if any experienced bears ever took any bait today. I need to review what's perfect setup again. the 12:30 made a L3 (I stop sell), then reversed up, should I wait fo...

cobra; the L3 short failed again. wow.

cletus: how is your signal for SPX, yesterday was confirmed bullish, how about now?

Chicago PMI official release is 9:45am, but is released to subscribers on 9:42am, so watch 9:42 action. I guess SPX dip on data miss, then higher on hope of QE3.