Cobra's Market View

67Chevy wrote:

BillyRipken wrote:Anyone have feeling about the long term price of gold from around here? More down to come or are we at good value area?

Here's the channel I've been watching...hope it helps.

ah thanx

Anyone have feeling about the long term price of gold from around here? More down to come or are we at good value area?

Market may finish on HOD

Cobra I believe your zig zag up target was HOD

1296 was Cheech's target! Congrats Cheech. Looks like you are going to get it. I think he was counting on it happening by today though. I am thinking maybe not until Monday due to Opex

But Cheech got the oil direction wrong yesterday morning. When I bought USO calls I was so scared of trading against his market views, that I posted here how worried I was to trade against HIM and even added: “…I am probably toast”. But I wasn’t toast... Neither were several other people here who w...

Cheech = Cletus u think so? the cletus guy was wrong from time to time but he at least gave trading signals ahead of time. not the cheech guy. so far i only remember he is the only commodity trader who never check news. he front-ran one ng inventory and got right, then he's kinda lost in his mind. ...

Cheech = Cletus

I agree with sell the news. Maybe gap up and sell. If day ends negative commentators say "oh well this really does not fix anything and traders know can is kicked down road, plus QE ending in a couple days. Then once everybody goes short they jack it up again for end of month.

Once you have done this long enough and you have the full aura of the force around you, you can definitely feel distribution. Just kidding, I have no idea. Watch the indicators like a hawk and keep in mind that, at least in my experience, most retailers are bearish all the time and as fearful as the...

I actually appreciate that 99er's views are somewhat vague. Let's face it you can find bull and bear case posted within 30 seconds of each other here on many days. It is kind of hard for the average retailer to filter. I'm sure if you read back during the last view up days there were plenty who thou...

Maybe the IEA knows something we don't?

bump

NYC but traveling today, why? Cobraforum meetup?

I think you have to stick with his original thesis for the week. Bernake tried to throw up some noise and interference in the middle of things.

cletus wrote:

99er wrote:YM
That should do it.
http://99ercharts.blogspot.com/2011/05/ym_09.html

More upside to come

Can anyone reconcile Gabor and Cletus' comments on 99ers charts? I'm sensing different views.

Someone must have short circuited an algo machine at closing.

Cobra,
How are you feeling about the last two days of the month in light of this new high, and tomorrow's GDP announcement? Do we get a small reset or are we just going to blow the top off this thing?