Back to www.cobrasmarketview.com |
You mean my short-term model? yes, it had a long trapped right now, so must hold overnight.cowboy wrote:Is it like Uempel said it's testing 1187 (which is his entry)? still bull or bear for this week?Cobra wrote:that's no good.
I had a perfect long setup today (while Uempel still waiting for his entry ), had to close out with much smaller gains than I planed. Too bad. On 2nd thought, still better than Uempel who's empty handed anyway.
Will you hold position over night?
First of all, welcome aboard!George H wrote:France, Germany to Propose Financial-Transaction TaxTabby wrote:Umpel,Cobra wrote:just a proposal, those rich guys control everything, don't think they'll punish themselves.uempel wrote:Sarkozy/Merkel are talking about the taxation of financial transactions - that's why the market reacted nervously
where did you get the news from? could please post a site?
http://www.bloomberg.com/news/2011-08-1 ... n-tax.html
Thanks George.George H wrote:France, Germany to Propose Financial-Transaction TaxTabby wrote:Umpel,Cobra wrote:just a proposal, those rich guys control everything, don't think they'll punish themselves.uempel wrote:Sarkozy/Merkel are talking about the taxation of financial transactions - that's why the market reacted nervously
where did you get the news from? could please post a site?
http://www.bloomberg.com/news/2011-08-1 ... n-tax.html
US should introduce Transaction tax too!....To short sell onlyCobra wrote: 2ndly, why transaction tax now? They did something bad to bring down the market? Transaction tax only hurts the market, making the market down.
I checked all kinds of stations and found the press conference on France 24 (in english). PC is still going on. I've got a special link to all kinds of news/business channels. In general I watch Bloomberg or CNBC.Tabby wrote:Umpel,Cobra wrote:just a proposal, those rich guys control everything, don't think they'll punish themselves.uempel wrote:Sarkozy/Merkel are talking about the taxation of financial transactions - that's why the market reacted nervously
where did you get the news from? could please post a site?
This is similar to looking at the Max Pain (the price where the maximum number of puts and calls expire worthless) for a big etf like SPY near an option expiration day. It has a gravity in that it maximises the premium kept by the option writers and minimizes the exercises to be dealt with. So, as expiration day approaches, it is not uncommon to observe a push toward this level. It is one variable in the mix.debossman08 wrote:BachNut,Mr. BachNut wrote:FYI. VIX option expiration is tomorrow. There are a lot of in the money calls at 30 and 27.5 strikes relative to puts. Market makers, if their their books are on the short side, may take a crack at pushing some of that out of the money late in the day/open tomorrow...like picking a ripe fruit. Just a possibility to be aware of...can't be sure.
Newbie here. Does that mean big money will try to keep the VIX below 27.5 (low) resulting in a green/bullish tomorrow?
Thanks for posting. I'm not exactly sure where to get the calls/puts/strike info either.
George H wrote:Did we get a double top these two days? More downside to come?
I saw that SPY tweezer top. Yea! Let's make new lows!George H wrote:Did we get a double top these two days? More downside to come?
Cobra wrote:well, 3rd touch, I don't think the low gonna hold.
Get Bloomberg live FREE at http://www.bloomberg.com/tv/uempel wrote:I checked all kinds of stations and found the press conference on France 24 (in english). PC is still going on. I've got a special link to all kinds of news/business channels. In general I watch Bloomberg or CNBC.Tabby wrote:Umpel,Cobra wrote:just a proposal, those rich guys control everything, don't think they'll punish themselves.uempel wrote:Sarkozy/Merkel are talking about the taxation of financial transactions - that's why the market reacted nervously
where did you get the news from? could please post a site?
From an Elliott Wave perspective, we've certainly retraced the minimum required from last week's lows (although this seems too obvious, since we hit the target almost spot on). Cautiously bearish short term. Very bearish long term.Me XMan wrote:What a setup for bulls trap.
George H wrote:Did we get a double top these two days? More downside to come?
Cobra, did we just get an L2 on the SPY daily?Cobra wrote:another failure on my 90% winning rate setups, unbelievable.
EW guys nail it. end of w4, on my signal no short yet, unload for sure. let see the 5dma how will it do there.Cobra wrote:another failure on my 90% winning rate setups, unbelievable.