Cobra's Market View

rumor says michigan will be good. market is pricing it in. let the bulls run. no guts to hunt now. just slightly beat expectation. now things getting interesting. i think a pull back is due, but not sure how is the damage. it is still not tradeable to me the pull back is very small, but there is st...

MajorEasy wrote:if you're day trading large lots for dimes and nickles,
watch NQ, at this moment it's breaking first both up and down

nevermind
ES leads the way in my book

if you're day trading large lots for dimes and nickles,
watch NQ, at this moment it's breaking first both up and down

just scalped a half point, selling short.
a bloomberg trader said look to @NQ to lead the way, he was correct

ES is at 1207.00 at this moment,
yesterday i was shorting these highs
too scared today let's wait a half hour or so.

Possible paths
i hate drawing bullish forks
i've a great trading day, shorting around 1200 and covering on the dips
a normal trader might have traded the long side, but the market would thin out and soften at the HOD's
made 8 pts per contract traded on ES e-mini

bull will be back in control at 1200,
next resistance should 1200 fail is 1222 on ES,
(few pts dif on $SPX)

the bull is dead
watch tomorrow in case the upper tine is violated

the dow fell 140 pts. in 26 minutes....

bloomberg had reported all day that this was only a short squeeze,
with very light volume....
i didn't care how long it would take
i wasn't going to take a loss on the trade...

this kind of consolidation means another push up is more likely. I think the last 30 min could get ugly for the bears you need to have nerve like steel to stay short there... i need to cut off my balls and all my nerves... this is horrible...lost all of my gains from the week. prob more punishment ...

this kind of consolidation means another push up is more likely. I think the last 30 min could get ugly for the bears you need to have nerve like steel to stay short there... i need to cut off my balls and all my nerves... this is horrible...lost all of my gains from the week. prob more punishment ...

lilitulip wrote:who is lying? Bond or stock market?

good question!
i think the bond guys are always smarter
this may only be a short squeeze, weak hands are covering

big picture suggests break-out from a desending wedge...
the bulls are whimpy.... (weak)
charts shows the last 13 trading sessions

Bulls have the ball

http://stockcharts.com/def/servlet/Favo ... 5&cmd=show

the bulls are smart,
they realize the shorts can be squeezed out here.....
let see how this developes

bullish but just barely bullish
3,000 tick bar

watch 1174 and 1158
i like this chart,
the bar timing varies but they are about half hour apart....

Tehehe
normally i'd be busy trading right now instead of posting charts,
but over night and this morning i already made a bundle traing ES e-mini
i woke up at 3:00 am this morning and traded for an hour
i'll take what ever the market gives me.....
LOL

comp the 3 charts ES, AUD, and EUR
IMO they are all almost the same.

AUD is weak across the board, against virtually all currencies, because there was a bad unemployment number in australia, then inflation expectations were revised down, I wouldn't pay that much attention to it. short term intraday and overnight ES and AUD/JPY as well as USD/EUR move together about ...