Cobra's Market View

uh oh Greece just fell into the ocean.

Great everything is fine with Greece now. We should rally til year end. Glad I went 100% long yesterday!

100% agree with Clark, people should learn HOW to trade here, not expect to be told exactly WHAT to trade. I am one of the newbies learning and agree that folks should take the time to look up (Google, Investopedia) the terms, etc. Please realize too that some of the slang or "trade talk"...

I added to my aapl position on this pullback. aapl is going to 500 next year. It is way too cheap.

the funny thing is all these mutual funds buying at the end of this last rally to make sure they have enough beta on because they were behind, now they are really behind.

pady wrote:Anybody have a target for this fall ? 1180 - 50% or 1220 - 38.2% retrace ?

looks like we will open below 1220

looks like shorts are ok afterall. When the $nymo gets that high you know there is a big pullback coming.

Covered my ES shorts from Friday at 1266. Thank you Mr. Market. Have a good day!

Reloaded es shorts don't think this holds for more than a couple of days.

iphones have an F5 key? lol.

Thinking we end the day down. Still have plenty of room to fall on this downleg.

triangles tend to break in the direction of the trend. The trend is down today.

ES shorts taken yesterday are going to be very profitable. I took a 10k profit on half, letting the other half ride. how big is your contract if you don't mind me asking. :) I had 22 contracts now have 10 left. Got 18 points on 12 contracts, now will let the 10 i have left go for a bigger score.

This market has a good way to fall still. Holding 1/2 my shorts for the bigger score. Then you don't have to trade as often and enjoy life! Have a nice day.

ES shorts taken yesterday are going to be very profitable. I took a 10k profit on half, letting the other half ride.

$nymo super high, should be a nice downturn coming.

Well I'm short 10 ES contracts at an average of 1247.50. If this level holds $nymo will be through the roof. Should be an interesting close.

Wouldn't listen to the folks saying not to short at these levels. I was shorting oil heavily above 105 and did quite well when many here were saying it was going much higher. lol. Stick to your method and block out noise.

I am fully loaded short from 1243.50 ES to 1250 ES. Expect to be a very profitable swing.

Don't think we even make 1250 ES