Cobra's Market View

nasa1100 wrote:

Cobra wrote:rising wedge resistance.

hi, cobra:
another MAD after MDD, the rule still working?

what rule? small range day after MAD/MDD? that doesn't matter as long as other rules work, that's fine. Did all the other rules work? The answer is for sure. So?

KENA wrote:

Ninja Trader wrote:Out of SODA calls

sold at 2.60

purchase 1.85, that didn't take too long....

long ATM Sept puts on CSCO

Good trading..Feels good to win.

Awesome!!

Question: Regarding Al Brooks' L1/L2, does L2 have to be higher than L1 ?

if the market has bottomed in the short term. i dont think we'll see more than 1210. Thats the trendline resistance on daily!

Looking at the Stoh's on some of the indexes they are getting overbought allready. Maybe they will stay overbought for a bit.

Hi Cobra,

Sorry to be persistent but just wondering if you had a chance to look at my questions about TLT and FXF? Do you think the first pullback is a buy considering big run up ? or they look good to short ?(TLT looks nice to short im not so sure about FXF....if anything i wanna get into it . )

Thank you .

Dow Trader wrote:

Can't stop but imagine that you're actually sitting in front of your computer and trading.. with cool sunglasses on.

testing MA200 now, nothing to say.

KENA wrote:Looking at the Stoh's on some of the indexes they are getting overbought allready. Maybe they will stay overbought for a bit.

I see that, I`m hoping they can stay overbought fow a few more

I believe R.N. Elliott calls this a Wave 3 lol.

Um, can we expect follow thru tomorrow?

It'd suck to be down 600 tomorrow and wipe all this out.

I would not short here or today, If and If i want to start watching for shorts, I will wait for tommorow if it is an up day before the close if there is a potintial sell signal

Congratulations all bulls, now I see green shoot all over the places, another up day will confirmed buy that DIPS. tight stops it is....cheers, thank the master again, I know this market is not rigged

Sold my Spy longs.Good profit.Dont' want to be greedy.Holding all others.

trend line and EMA20 support, still not much to say, the rebound is strong, may go on tomorrow, but still it's just a rebound.

For me, it is very risky to short Dow when it is above the cloud and the cloud is clearly trending

Guess that's it for today, thank you guys, I'll see you tomorrow.

wow what just happend to faz???