Cobra's Market View

Market has been expecting QE3 since last Nov 2011 and they've been ramping it up. No QE3 means get ready for correction IMO. NO QE3 12:31 PM Fed Open Market Committee: Stretches the near-zero interest-rate policy through late 2014, beyond the previous mid-2013. The Fed will continue stretching out ...

So who wants to short UNG? I'm thinking of taking profits. I'm above break even It is suffering from contango, I don't see why not. I sold it at 5.85 for a 1.4% gain. History: bought 5.78, sold 5.70, rebought 5.51, sold just now Nice, having a warm winter, and I hear there's an oversupply. UNG clos...

SPY is not bullish: Thanks Cougar, great /DX chart by the way! Do you have a sled for your huskies? Yes, I do, but I am only a dilettante musher… But those guys on your avatar are wolves, aren’t they? They have such innocent smiles.. I'm sure that's quite a kick! Huge bar on the FAZ,the market does...

KBE, the other bank ETF, is to watch. It's very strong today Been interested in your gap data for a while now. However, it seems that maybe whatever data was used to construct your spreadsheet may have reversed? Looks like (just using your public posts) that the only 1 out of last 8 was correct. Th...

Hey Earlybird52xx I got the same sell signals...why ain't we gettin' paid yet, lol.

99er wrote:Honey?

SPX http://www.99ercharts.com/archives/533

What's for lunch?

I'll have the WW target with a side of red sauce please.

Cobra-
Do you think there is any significance in the down-tick on $NYMO?

Ok the scamturds got the gap fill...now can we please FLUSH IT! last part credit to x-man hi bushie how's the song doing? Production on 3 song EP is finished. Waiting on mgmt to get contract signed with Primary Wave primarywavemusic.com Then they submit us to new artist division for consideration a...

Ok the scamturds got the gap fill...now can we please FLUSH IT!

last part credit to x-man

SWalsh wrote:There is a rounding pattern the mkt is still considering. This was shown to me by a gentleman named steveo in Hawaii. Until this takes out 1340, under this time-tested methodology, we could be topping:

how far must price move past the ellipse for it to no longer be valid?

SWalsh - would be better to spew your paranoia on one of the wacky conspiracy web-sites or with the tea-baggers. SWalsh - would be better to spew your paranoia on one of the wacky conspiracy web-sites or with the tea-baggers. Well aren't you a lovely, warm individual, contributing nothing with your...

Every so often, ZeroHedge will post a chart that's worth really taking a good look at... This one is how the skew acts as a leading indicator of the vix. Just sayin'.... currently long TVIX. http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2012/01/2012020_Skew.png Am I seeing ...

BullBear52x wrote:The one good word for da bears. NYHL is on your side today so far.

Need to hear more like this

I sense widespread apprehension amongst the boarders...

something very strange about the last 3 mins... this candle just flashed down to 131.17 then back up to current level, made a new high, then settled back again really fast...option prices did not respond to any of it. FISHY

The week should produce a pullback, prob in the 1250's, if the momentum really gets going...then 1200. I see strong support there and a market that has just begun a stronger overall push up to at least 1390.

The fibs don't lie.

Feels toppy as price sits in the pockets and then has to gap up, There is room to 1310 though first, unless open lower tomorrow.dit

Edit: chart skewed after enlarging, fixed now

I'm still not doing much..The R/RW is not worth the effort..I may wait until the last 2 days of the yr. and the first 3 days of next yr.The mkt will be closed early tomorrow and closed on mon.Of course I can always change my mind for a quick one. Lets see. My schedule says tomorrow regular hours, c...

I think we need to take some cue from /CL which is going gangbusters after being hugely muted over the past 2-3 days. /CL muted = equity markets being muted. /CL going gangbusters might bring Santa after all. Hey Jar, remember my chart/prediction from Friday? The circles are truthtellers... hmmm......

Update to Friday's chart/prediction: If we decisively break resistance here, then 1260ish this week.