Cobra's Market View

The faster bounce the harder drop IMO.

zombiebraingoo wrote:predict closes green across the board I think - (except for BKX! and maybe dow will be a little red)

POMO's already priced in...need QE3 to save this correction.

Futures will retest overnight low IMO.

Bears still got cobweb in their eyes.

matrix wrote:finally....the bears are showing up....

Cobra. Downtrend has started yet?

SPX 1275 is about right.

KENA wrote:lower low...1275 next then 1217. I still don't trust the mkt for a short. I may waite and see if we break 1275

HAHAHAHA! Good one.

koolblue wrote:Careful boyz! Justin Bieber cut his hair yesterday! 1310 coming soon!...

Where's Helicopter Ben? Where's POMO?

KENA wrote:We are getting closer. If we break 1312 we will at a lower low and could see more down trend

Support is probably at ES 1315-1320.
Bounce there and then another crapping out day.

Looking like correction has started.

Barring nothing happened over Middle-East or Europe over the weekend. My little evil hatched plan usually goes like this, just usually... if that is the case, more upside next week. Yeap, the end of day action tends to extend to the next trading day. If you may recall that yesterday at close I said ...

Or ready to short SPX.

nelsonbelchior wrote:Well i guess almost all the guys here are short, just like me and the market won´t go down

+1

pezhead9000 wrote:This daily play-by-play is awesome You've moved to whole new level Cobra!

Yes I do like this intra-day chatting.