Cobra's Market View

Out of my short. Keeping small long for now. Done for the day. Have a great weekend guys!

We all knew that was coming....

Just went short. Bears better do well on breaking down this Leading Diagonal. I want a nice retrace for a day trade please.

TWT wrote:Euroxx50 (Dec11) : strong rebound ..... but it is not an impulse up

TWT, You don't consider a Diagonal an Impulse?

So where are all the Bears stops so Bulls can bust them?

ES Globex : it would be nice ............ Beautiful. Agrees with Primary Count having completed Wave 2 and now we're in Wave 1 of a 3 of 3. I huge blast off next week would confirm this count. I agree with uempel about 1,253 being top of down channel and where bears must defend. Love to have a deep...

Dow 12,000 continues to hold. Closed the rest of my shorts and now I'm only in my trapped long. We'll see..

Today's volume on the /ES is...well...pathetic.

Well I've turned my big gain into a tiny gain...still expecting an attempt up but the odds are more likely it's tomorrow now.

Took off some of my short to try a long here at 125.25.

Beautiful squeeze play on the EU news. Steal all the money from suckers who short news that was already priced in.

Primary Count sees SPX Wave 5 higher high. We could be done here...or more tomorrow...but the end id near...

Still want to talk sh*t about DeMark right now? :lol: strange, where's everyone? Already on holiday schedule? :roll: Where’s everybody? They all went flying by my house this morning on their jet packs after market gap down open. They were following somebody name Tom DeMark. So I’d follow them to see...

Wow. Forgot about the S&P Negative Watch thingy

That was enough for me. Bears haven't won me over yet...

Lower high and kiss the trend line goodbye? Usually when I want the market to fall rather than following my signals I lose.

I just went short

SB73 wrote:I am impressed 10 white candles out of the last 12 and not a terrible amount of overlap.

True. We might have a 5-3-5 Zig Zag down from 1,266 and this is Wave 1 of the end of year rally. Today's low will have to hold for that to be the case, obviously.

Alt Count is in Wave B looking to Complete C around 1,240 and then we go into the end of year rally Demark predicted. That would complete a nice A(1,293)-B(1,159)-C(1,330) for the 4th quarter rally. This recent price action reminds me a lot of the A-B of the previous rally where we were hanging out ...

Sorry. Looks like I was too early in calling wave 5. We're still inside the up channel so maintain more up until we take out 1,240. Today is key day for the Bulls.

Me XMan wrote:$127 and I'm out...looking at $126.5 to get back in for the ride.

I got out at 127 too. Nearing the end of the move, no need to risk a sharp reversal and then hope and pray it gets bought, I hate riding the roller coaster in the market when trading options.