Cobra's Market View

Cobra, do you mostly trade indexes (ETF/future) or individual stocks? Frankly because of my blog and the Chinese forum, I have no time for individual stocks. Now I focus only on index trading. It's not bad though because if you focus only on one thing, you pretty much can research a lot and thus ha...

EvilTrader wrote:hey cobra...

breakouts like this at multiple years highs werent supposed to happen in days like today.....

Don't worry, chart will tell me if it's not suppose to. Chart never lies.

Well, here comes the breakout like I said.

OK, this looks like a breakout is in the card. This market is, speechless.

This is how I read this market: could be breakdown the trend line then back test the previous high therefore a potential reversal setup. Just a potential. Plus today most likely a range day so I don't expect this breakout if any could go very high.

2 leg up to resistance. I won't chase here, let's see.

pezhead9000 wrote:Rebound same as 1930s
http://www.ritholtz.com/blog/2011/02/an ... intensity/

Yeah, thanks, that's what I saw.

S&P has 11 straight closes > opens. Only 4th time since '82 (1/8/92, 8/30/93, 9/14/95). Each one saw a loss ~3% next 3 weeks.

Copra, regarding the chart of 1920, if I remeber correctly, the initial rebound was around 60% and I think we are at 65% or so at 1240 and here are some links that may help: http://newsusa.myfeedportal.com/showitem.php?itemid=171 http://a.imageshack.us/img683/4879/dow1930todow2010.png Thanks. The p...

Back to range high, could be another breakout, after that better a consolidation of something, otherwise I'd doubt the validity because it simply travells too long to breakout. Or a little consolidation here before the breakout is even better.

All rectangles are the same height -- this is the size of some sharp rallies without a major pullback. Can't believe this will go on much longer without a 5-10% pullback http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=20&mn=0&dy=0&id=p09386496005&a=210657113 Don't remember wher...

Could be very boring day. Here's bigger picture, a perfect Rising Wedge (as both side are 3 point validated).

Opening, intial support.

Flat open, so any gap will be filled and today most likely a range day plus option expiration should be up and down up and dowm mess, so difficult to trade. Experienced traders may skip today. The next week also suppose to be bearish. The chart by the way looks not bad, seems another base and breako...

Hi Cobra, thanks for the forum. Not sure how popular this thread topic will be, but it is what I'm most focussed on, these days. Silver broke to new highs, so I thought I'd post a chart. Silver_Channel.png Thanks. The forum is in early stage but I'm sure it'll be popular. Thanks for posting here. :D

Dow Trader wrote:AAPL down today ? !!!

Oh, yeah.

OK, so much for today. I think if it's not because of the market closing bell, here's a chance worth for bear to bet... The best trade today is when a little ascending triangle formed along the 30 min open range high and then breakout. After that, bears pretty much had no chances today. I'll see you...

rcks wrote:Cobra
You are doing great job with the intraday thread, its great fun.
Love all the charts you put up.

Thanks. I'm no day trader anymore, so just for fun, don't take my watering seriously...

Could be a good short setup here if not because the market is about to close.

Yes, so far so good for my little evil plan of selling into the strength. See falls here, that's me