Cobra's Market View

The crux of Dudley's speech: "An important challenge for us will be to think carefully about what combination of actions and communications will best ensure that when we do eventually judge that it is appropriate to begin normalizing policy, the initial tightening of financial market conditions...

Unique wrote:Remember guys,

After Fed announcement, first is impulsive, 2nd is fakeout/shakeout, third is real, get in.

Cha Cha CHAAA!

TraderGirl wrote:Futures traders looks for a large discrepancy between Commercials (smart money) and large speculators (dumb money)

Check out Mexican Peso and Palladium....extreme bullishness and bearishness....smart money is short on both...

Thanks, TraderGirl! Where is smart money on $SPX and $NDX please?

Fiscal cliff: "The House and Senate adjourned for the Christmas holiday. Reid advised senators they will return Dec. 27, while House leaders told their members they would be given 48 hours notice if they have to return to Washington for votes." The next steps are unclear. Republican resist...

I suspect that wave 3 down is not complete:

“What fresh hell is this?” [Dorothy Parker]


"I don't care what is written about me so long as it isn't true" (Dorothy Parker)


'If all the girls who attended the Yale prom were laid end to end, I wouldn't be a bit surprised.'

TraderGirl-- you're terrific -- glad to be the same gender. Go girl! Romney is a self-serving liar. I would love to see his other tax returns and his semi-legal profit sources which he endorses as "capitalism." Right on! I'm a third generation MD whose mother graduated from Med School in ...

Possible H&S pattern for $SPX:

http://stockcharts.com/c-sc/sc?s=$SPX&p ... 1867271836

by Hubon » Sat Oct 27, 2012 4:15 am Good Morning There was a report on German TV about the article I linked below. It was really negative claiming excessive corruption is on the rise. As some of you may have better knowledge of the situation in China, Is this exagerated by the medias, or is this a r...

Re: 10/12/2012 Live Update by TraderGirl » Fri Oct 12, 2012 11:48 am With all due respect to "Pretzel", I am not sure if his EW counts are correct...it doesn't allow for another low next week, so I have a couple of counts as possibilities...I think that instead of impulsing down, I believe...

Opex monthly close history: October closes positive 60% of recent months:

http://tradeflight.com/portfolio/opex-seasonality/

Blair Hull, my local buddy in Sun Valley, ID, is the guy that stepped in to buy SPX futures after hours on Black Monday to cause the reversal. The CBOT chairman at that time credits him with preventing a MELTDOWN. He's now a Quant. BIO here: http://www.turtletrader.com/trader-hull.html

TraderGirl, I value your contribution to this board! Many trolls have appeared during the 4 years I've followed Cobra. I label them foes as they poke their heads above the slime by making inane posts or personal attacks on others who post. My list is over 30 currently, and growing. I identified SW a...

TraderGirl wrote:Potential wave count...SPX...suggests another wave down to wave 5...???

TraerGirl, I agree with your count! I always struggle to interpret the 4th and 5th sub waves of threes, too often trading early ignoring the upcoming waves 4 and 5.

I'm trying to make patience my mantra.

It would be nice to see market's moves to many other FOMC meetings, not just the last one. Reaction around one meeting is somewhat irrelevant but wanted to share just as just one little piece of info.[/quote]

Here's the history of reactions to FOMC statements:

Cobra wrote:I have no idea what the market is doing.

Thanks for your candor, Cobra! Based on 20 years experience, OE is unpredictable at best, and when we get to Thursday/Friday it becomes impossible to trade rationally, due to Big Guys squaring their positions and trade ahead for the next OE.

Good Luck!

Do we have a VIX buy signal...?? Usually good for 5-7 days. Positive energy into 13-15th on energy graphs, with volatility of course.... down Friday possibly into Monday, but don't know if it will be a lower low, energy graphs showing a big spike into the 13-15th... Hi Trader Girl, I always appreci...

[quote="taggard"]I don't like calling people losers, but people who commit suicide are losers. Taggard, As an MD who was severely depressed from age 8 to 10, I feel great empathy for you and your family! I've come to believe that we are all here in this life, to learn. And that we may grow...

Quantifiable Edges: "We're in uncharted territory".

http://quantifiableedges.blogspot.com/

Does anyone have a free website for Max Pain? My sources have all started to charge for calculations. Thanks in advance!