Cobra's Market View

pidge66 wrote:

Cobra wrote:another failure on my 90% winning rate setups, unbelievable.

Cobra, did we just get an L2 on the SPY daily?

L1 only.

I've got my buy signal, but I don't like the set-up now - H&S looming above and big H&S being formed.

Looks like we may close SPX at 1178. They like closing the S&P at levels of greatest uncertainty.
15 minute and 1 minute charts.

lunch time, the drop isn't over yet.

long some X 30.64

Cobra wrote:

pidge66 wrote:

Cobra wrote:another failure on my 90% winning rate setups, unbelievable.

Cobra, did we just get an L2 on the SPY daily?

L1 only.

Thx Cobra. It's just academic, but I was wondering if the 8/15 and 8/16 combination qualifies as special case L1 in strong trend market.

Honey...about that trip to Paris...
EURUSD http://99ercharts.blogspot.com/2011/08/eurusd_6922.html

Two weeks in September?

Cobra wrote:lunch time, the drop isn't over yet.

I see:

38.2% = 119.25 ish
50.0% = 119.50 ish
61.8% = 119.75 ish

Thanks Uempel, Al_dente,BB52X, Cobra and everybody else if I forgot to mention.

SPX now: a good level to rest and watch for the next move.

Ascending Triangle. Break up of 119.10 will carry to 119.50 - 119.75 then it'll be all Bears.

StrikePrice wrote:

Cobra wrote:lunch time, the drop isn't over yet.

I see:

38.2% = 119.25 ish
50.0% = 119.50 ish
61.8% = 119.75 ish

so far, looks like a bear flag.

Cobra wrote:another failure on my 90% winning rate setups, unbelievable.

For me, you were 100%! I took the ride up based on what you had said earlier and sold. Many thanks

StrikePrice wrote:

Cobra wrote:lunch time, the drop isn't over yet.

I see:

38.2% = 119.25 ish
50.0% = 119.50 ish
61.8% = 119.75 ish

Hello strikeprice
Could you post your fib chart again.
I'm getting 116.77 on the 38.2%, and 115.52 on the 50%, etc.
Thanks in advance

Al_Dente wrote:

StrikePrice wrote:

Cobra wrote:lunch time, the drop isn't over yet.

I see:

38.2% = 119.25 ish
50.0% = 119.50 ish
61.8% = 119.75 ish

Hello strikeprice
Could you post your fib chart again.
I'm getting 116.77 on the 38.2%, and 115.52 on the 50%, etc.
Thanks in advance

I'm only speaking of retrace of 12pm to 1pm wave down. Current retrace we're in now.

RUT
It's that MACD again...
http://99ercharts.blogspot.com/2011/08/rut_2684.html

putts wrote:

Cobra wrote:another failure on my 90% winning rate setups, unbelievable.

For me, you were 100%! I took the ride up based on what you had said earlier and sold. Many thanks

you're welcome, glad I'm a little helpful here.

a little fib info. seems not bad the rebound is.

Cobra,

If we dont close below yesterdays low, will CI go into short mode or hold trapped long overnight ?

Also what is your bias for tomorrow now given you saw a lot of action today ? down or consolidate?
Anything changed in your opinion ?

sold X 30.87; $17.41 gain