Cobra's Market View

netsnets wrote:Why are people giving FG a hard time? I always look forward to FG's contributions to the board.

The First Noble Truth is SUFFERING.
A good deal of suffering is caused by the 3 poisons: passion, aggression, and ignorance. These are ego related.
Om Mani Padme Hum

Kiss the Top & Drop
OR
Touch the Sky & Fly
????

This is a very interesting article, that may help to explain what the trading algos are doing : (you may not be able to read it if you are not registered (free) at Seeking Alpha) http://seekingalpha.com/article/1580262-uvxy-inflows-reveal-a-strange-paradox-that-could-be-preventing-a-market-correcti...

Please help: Those who have registered but haven't posted anything yet please reply this thread, so that I know you're not spammer. I'll wait for a few days then remove all those who have registered but not posted anything here. Sorry for the inconvenience, although now it's not easy for a spammer ...

99er wrote:whatdoIknow: "What's your TA on RUT?"

I posted a wave count on TF first thing this morning (see above); this may be a "3 of 3."

Thanks! Somehow I missed it?

Hi 99er

What's your TA on RUT?

99er wrote:whatdoiknow:

Here's my count on the futures.

TF: http://99ercharts.blogspot.com/2011/05/tf.html

Thanks 99er. Now comes the moment of truth. It either drops or breaks to the upside and I get stopped out of TZA.

SPX My bad. Make that two gaps to fill. http://99ercharts.blogspot.com/2011/05/spx_8513.html Hey 99er, I liked your RUT chart yesterday. Do you have an update? Looks like we could be of the verge of a 3 of 3 of 3 of a (?) Minute 1 (?). That would means things would drop like a rock. (or things coul...

Hi Cobra & Everyone, Been a fan for a while. Just registered = first post. I agree, the market is Zen, it is what it is. We can only react and prognosticate. looking at all of the corrective waves since the 3/16 bottom, the wave Cs have all been dramatic impulses to new lows. This is low degree ...