Cobra's Market View

anyone can use just a few words to tell us what FOMC says? I cannot read that long articles, headache. You Earth people language is strange, we Martian would never use such a thing. :roll: they will move money around, no new cash, interest will be low. all I care for is no new cash. Tech and Semi l...

buddy of mine at GS who works on their bond desk and came from Moody's got his hands on the report and sent me his interpretation... "Weird report. “downgrades do not reflect a weakening of the intrinsic credit quality of BAC. Has made significant progress in improving in its capital and liqui...

Moody's downgrades Citi

Wells Fargo now downgraded by moodys

well, nice, we all know the rebound target now, not today, I suppose? otherwise it's be very very very very (insert 100 very here) bullish. anyone know any statistics on these phantom bars? What are the chances of it getting there/time frame? anecdotally, within two days I think. Cobra may know bet...

phantom bar? SPY = 121.5144

Petsamo wrote:

pablorynx wrote:phantom bar 118.65

I don't see one. I'm on the 1 min chart.

5 minute chart? using BB over here

phantom bar 118.65

I Noticed you guys don't follow NASDAQ, however, does anyone are to share their thoughts on why NASDAQ is showing a greater % increase than Dow and s&p? AAPL MSFT QCOM AMZN EBAY BIDU don't forget everyone's favorite momo name GMCR nasdaq has outperformed the SPX by about 6.3% since mid jun. In ...

breakdown short, with your green line as stop

Vol is being bot again in the pits. In the face of weekend decay. sounds like bad things are afoot

Well, my trading days are over for a while. Capture.JPG The biggest threat to your account is not the market. It is a wife with an eye for real estate. I won't be here for a while as I am depleting accounts to buy some rental property. Guys (and gals), do yourselves a favor and buy some real estate...

earthquake on east coast. virginia

lower low after 10:30?

uh oh.. phantom bar... 114

Cobra wrote:no good, the 3rd test has higher chances to breakdown. The pattern, overall, looks like a Descending Triangle.

Cobra, have you ever considered incorporating intraday breadth measures to aid in your pattern recognition? I'm seeing less negative breadth on this last retest of intraday lows.

sometimes only looking at things from a ta standpoint will leave u high and dry, over the next days and weeks people are going to wake up to the fact that dividend stocks make much more sense than gov fixed income. ultra low intrest rates will never be bad for equity, economics 101. at the decision...

With advances like we are having I would like to see UTIL up more,seems it is laging. yo man, english pls. i can figure out yr pet, yr chicken wings, but not this one. do u mean xlu? /es is testing 1147-1148 line that i drawn this morning. no edge on either side. will wait til things get clear. UTI...

Markets like to overshoot targets.

fuddleduddle wrote:A lot of news and headlines are QE3 positive for FOMC. I'm not going to attempt to front run this..
My view is they might not..if any form of easing is to be announced it would be at Jackson Hole.

perhaps... but the mkt low was put in BEFORE Jackson Hole