Cobra's Market View

Opening, initial support/resistance etc etc.

Gap down but within yesterday's range, so the gap may get filled and most likely a range day. Just a reminder, tomorrow suppose to be bearish as according to Stock Trader's Almanac, day before Presidents Day weekend, SPX down 16 of last 19 and February Expiration Day, Dow down 7 of last 11. Hmm, off...

Volume surge and a bear bar, let's see if any further pullback here. Nowadays simply every bull reversal is one legged V reversal, no 2nd leg to test low, speechless. Cobra, do u have time to say something " I want to know how to trade when you observe 5 mins bar? does it mean when you see 3 b...

OK, I guess that's it for today. The trendline still held at least have to wait until tomorrow to see if it's a real break. Surprisingly today is another range day, the best trade is in the morning and I'm totally out of syn in the afternoon as I was once OR breakout trader so not used to comment al...

Another double top pullback if you understand what I said before. Doesn't matter, normally, we don't need take those trade. The best trade today, I've already said this morning: 30 min OR breakout, that should earn enough for today for a day trader.

Trendline still held...

Ok, here's a detailed explain, in 1 min chart, it's 3 push up, so the last one could be the back test of the previous high therefore a potential reversal trade, and later, it breakdown below the double top neckline, so I'll assume some bears may take the trade. Normally an experienced trader doesn't...

Failed double top pullback, so I'll assume trapped bears have to cover and we'll see a new high?

Here, if you watch 1 min chart, you'll see a double top pullback, the question is: will this a failed double top pullback (means a least the high will be tested) or a real double top pullback means, well, a little bit further pullback.

Still, let's watch this line.

Hmm, little resistance does have little effect.

It's just a watering thread, nothing serious...

YoZone wrote:Nice blog Cobra. I'll be following and may even be able to contribute something once in a while.

Thanks. Guys are shy here, no one speaks...

Nothing to say on the bigger picture. If you still think this is a wedge, then better this time not to break above it.

A little resistance here, but don't hope, I give up finding excuses for bears.

Speechless, bull bid at any support level...

Oh, forgot to say, this should be at least 2 leg down NORMALLY, it's now the 1st leg. Nowadays, I don't know.

Your signature always show something about my IP and location ( I guess lilyywwang's on his/her screen). It is a bit scary to him/her. LOL. That was the purpose! Nothing to worry. It *reads* the info from your *computer* and displays it on your screen. I know what you mean but your answer even scar...

rbharol wrote:

q2model wrote:Your signature always show something about my IP and location ( I guess lilyywwang's on his/her screen). It is a bit scary to him/her.

LOL. That was the purpose!
Nothing to worry. It *reads* the info from your *computer* and displays it on your screen.

A little bit support here at the previous consolidation area, watch for volume surge as sign of bottoming, I don't see one now, but frankly, I'm sacred to support any bear case now...