Cobra's Market View

cobra, still think an accelerated car can not back down :) still think we make new highs? this market is crazy back test the high still is possible, it's really rare we simply tank from here. but anyway, who cares, I'm shorting now. will worry about bulls the other day. :lol: Wow. That's a pretty c...

Greetings all! Today's definition of insanity: open some longs in the year 2011 at 1335. :D Today - I qualify! :D Thanks to Cobra and the many contributors here. Uempel - great charts; you got me playing with rhomboids a bit, but I'm still learning. Really solid, in-depth analysis this week! As a co...

Hmmm.

Intraday - is this consolidation or terminal resistance?

Again, wish had a poll to see who thinks higher or lower from here... I could see testing of 1330SPX today, but I don't see it getting lower than that. Not sure about remainder of May. Pretty choppy stuff, whether on hourly or weekly timeframe. Cobra's overall projection for this week was accurate,...

Cobra wrote:well, believe me, there'll be a pullback. I'm more than 80% sure.....

Do you have any pullback targets?

Thx!

Sure will get filled eventually, but as far as agreeing with Cletus the bear thats definitely another subject. 2 years and counting of losses for the da Bears. :P :P There were comments about this on yesterday's thread. I don't get it. 1 - bears just had an awesome week, depending on what timeframe...

Interesting how all the bulls on this forum only come out to speak on an up day but said nothing when the Dow was down 200 pts the other day. I'm not saying they're on the wrong side of the trade, but if you are the kind of person who only shows up when things go your way, that puts you in the trol...

Cobra - Is your green line still aud:jpy, or did you change to a different currency?

Cobra wrote:Be careful this could be a 2 legged up to test the morning high. If the test failed, this would become a little ugly (intraday).

If it makes a slightly higher high, but then immediately pulls back like we've seen, do you call that a failure?

Yes thanks. I don't think I could have stomached 1330!

JJL and 2X - thanks!

Trading is frequently a lonely profession; no one else here to talk to. It's good to get some tiny encouragement when you're in a tight spot.

I'm frequently nimble and fast, and sometimes I even do it in the wrong direction.

Good luck to all.

Cobra wrote:Hmm, you don't sound like need encouragement.

?

I got nothing to do but watch, so I'll bite...

whassat mean?

I pulled my stops and I'm still in it. Not having much fun tho. :D Would love to see some weakness somewhere. Isn't it fun when you go from confident bear to hoping for any kind of pullback so you can salvage something? :D :D I'm gonna hang in there a bit... Somebody say something encouraging please...

Wow - I didn't expect anything above 1316 this afternoon. Nice long Cobra. Are you holding or exiting today?

I removed my stop and will watch closely until close. Strong move thru 1321 might convince me to exit, but I'm actually pretty comfortable with my short here.

I'm uncertain about what is going to happen, and I tend to avoid bets which are fifty-fifty. So I'm 100% cash. My personal risk threshold seems to fluctuate. I'm not sure if that's a good thing or a bad thing. Presently, I'm sticking my neck out about as far as I ever do. I took a reasonably large ...

See chart below, the visits to my Chinese forum, see the peak? Yes, that's the market bottom. Coincidences? Well, it's been happening for many many years. Dude!! That is tradable information! May I respectfully request this chart be published each Friday or something? Maybe start with a 3 yr histor...

I see lots of bears here ;) I see lots of traders here. Staying fluid and objective is a plus. If your outlook is inflexible, or you have emotional attachment to a trend that is reflected in your trades, then you will eventually take a bg hit. Sooner or later all markets correct, and traders can ma...

If we gapped down this AM, I was looking for rebound to 1314 today. By itself, my model showed consolidation and maybe sideways for the rest of the week. I've learned a lot from Cobra's analysis. When I add his n-vs-n & last-3rd-day charts analyses to the mix, I end up playing this week a little...

Some of my long positions got bounced by the 10:45 dive. They were pretty young stops, so not much icing. Now I'm having to study re-entry. I'm torn between the possibility of correction this week and the overall bullish sentiment. I'm having one of those days where it's hard to sit on your hands, b...

What are those?

How do they happen?

Anyone know for sure, or is it "them"?