Cobra's Market View

Thanks Al Dente for your reply. I'm sure the comment was on one of the free boards, but not sure, so just trying to clarify. Unfortunately, your after- hour discussions are usually past my bed time, so that's why I don't subscribe ! Thanks also to Tradergirl for your reply - will look forward to ear...

And yet, my FTSE here in the UK is holding up nicely, especially the banks. The DAX doing well also. Cobra, if you please - I'm sure I read a post from you last week where you still had a shortish-term target for the SPX as 1406. Would I be correct in that assumption ? Many thanks. If not Cobra, th...

And yet, my FTSE here in the UK is holding up nicely, especially the banks.
The DAX doing well also.

Cobra, if you please - I'm sure I read a post from you last week where you still had a shortish-term target for the SPX as 1406.
Would I be correct in that assumption ?

Many thanks.

Cobra wrote:

hdenandy wrote:Cobra.

Re. your opening comment about the gap being filled.

I presume you've changed your mind now ?

Cheers

I did say the gap might be filled. nothing wrong?

No, you are right ofcourse - many thanks.

Cobra.

Re. your opening comment about the gap being filled.

I presume you've changed your mind now ?

Cheers

Look at those Spanish bond yields - now higher than their November peak !

Being so close to that 1264 level on the SPX, surely we are going to have another try and breaking it's resistance ??

Fail again, and I'll believe we will revisit yesterday's low.

But break through this time, and surely the next stop could be the 1292 level ?

This seems so obvious - my 7th sense tells me it might be a bear trap :o 11.png Uempel - please forgive my ignorance. Do you mean a 'trap for the bears', or a 'trap by the bears' ? TIA LOL! If you live in the mountains (like me) and you go to the only store in the village, and say that you want to ...

uempel wrote:This seems so obvious - my 7th sense tells me it might be a bear trap

11.png

Uempel - please forgive my ignorance.
Do you mean a 'trap for the bears', or a 'trap by the bears' ?

TIA

Exactly what the market wanted. Forget all your technical indicators. 1300 on the SPX within a couple of days is now a certainty. This is very helpful, you come to TA board and telling everyone throw out what they do here? hmmmm :?: I think I waste my time after all these years. My comment was tong...

Exactly what the market wanted.

Forget all your technical indicators.

1300 on the SPX within a couple of days is now a certainty.

PAGING hdenandy...theatrics and humour and classic stories… Internals update http://stockcharts.com/h-sc/ui?s=$NYDEC&p=5&yr=0&mn=0&dy=2&id=p10479296233&listNum=15&a=246211365 Especially interesting to me, being from the UK. A classic example of insider trading ! Yup, ins...

PAGING hdenandy Thanks, remember, I used to teach this tripe …now just edit/cut/paste from notes It’s all “old-school” and today everything has changed/nothing has changed Only thing that used to keep’em awake was theatrics and humour and classic stories… Internals update http://stockcharts.com/h-s...

Thankyou for this post - very interesting. I could get a cavity waiting for something/anything to break here So for the benefit of BB52x (who doesn’t know short from borscht), and for other newbies, here’s a cut/paste from my notes for the Short Sale 101 class. Some of the best shorting/covering sto...

Capitulation in reverse ?

Smells like it to me.

SPX up exactly 20% in 18 sessions.

Is this a record ???

frankthetank wrote:What announcement. They didn't do anything at the euro meeting. This market is robo bull

The meeting only started at 6pm UK time - 2.5 hours ago.
It is expected to last atleast 6 hours.

tdo722 wrote:Yes of course.

When are they going to announce it?

Probably no announcement until the early hours here - so around 9pm US Eastern time.

Although I doubt there will be any surprises.

Is the market just waiting for the Slovak vote ?

All eyes on the FT's website for the release of tomorrow's edition coming up around 8pm, UK time.

Any market driving headlines tonight I wonder ??