Back to www.cobrasmarketview.com

   

04/07/2018 Weekend Update

04/07/2018 Weekend Update

Postby Cobra » Fri Apr 06, 2018 4:39 pm

Down 1 week, the next week has 61% chances to close up.

1.png

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
User avatar
Cobra
Site Admin
 
Posts: 40710
Joined: Sat Feb 12, 2011 10:29 pm

Re: 04/07/2018 Weekend Update

Postby Cobra » Fri Apr 06, 2018 4:51 pm

My defense about calling low here: viewtopic.php?f=2&t=2816&p=252174#p252174

The rebound was very strong so I really did think the low might be in. However, no matter what I say, a trading reversal setup is required in order to bet on the reversal. And it was because the 2nd test failed today, it saved me from longing the market today! I've been saying the trading reversals setup many times (I usually draw blue dashed lines saying wait for the retest) so it was my fault that I assumed everybody knew and was too lazy today to draw those dashed lines. Anyway, here's the trading reversals setup and I'll make sure from now on, every time I'm saying anything against the current trend, I'll mention that you'll have to follow the trading reversals setup: http://www.cobrasmarketview.com/trading-reversals/

Thank you!

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
User avatar
Cobra
Site Admin
 
Posts: 40710
Joined: Sat Feb 12, 2011 10:29 pm

Re: 04/07/2018 Weekend Update

Postby Cobra » Fri Apr 06, 2018 6:02 pm

The daily Market Recap is here: viewtopic.php?f=2&p=252215#p252215

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
User avatar
Cobra
Site Admin
 
Posts: 40710
Joined: Sat Feb 12, 2011 10:29 pm

Re: 04/07/2018 Weekend Update

Postby jademann » Fri Apr 06, 2018 8:33 pm

I wonder if today is a repeat of Feb 29th. I will be holding my 100% SPXU position for at least 6 trading days just in case!

http://stockcharts.com/h-sc/ui?s=$VIX&p ... 2562907989
jademann
 
Posts: 461
Joined: Wed Aug 22, 2012 10:49 am

Re: 04/07/2018 Weekend Update

Postby Man_Utd » Fri Apr 06, 2018 9:28 pm

jademann wrote:I wonder if today is a repeat of Feb 29th. I will be holding my 100% SPXU position for at least 6 trading days just in case!

http://stockcharts.com/h-sc/ui?s=$VIX&p ... 2562907989

You mean Jan 29th, right? I hope you're right... I'm 95% SPXU
Man_Utd
 
Posts: 8
Joined: Sat Sep 22, 2012 3:40 am

Re: 04/07/2018 Weekend Update

Postby jademann » Fri Apr 06, 2018 11:06 pm

You are right, I think we will break the 200 or is it 250 and then drop to 2430 ish.

I saw Man Utd a couple of times back in 1982 or 1983 (I think) at Old Trafford. They won the FA cup and I saw them in the open top double decker parading around Manchester :)
jademann
 
Posts: 461
Joined: Wed Aug 22, 2012 10:49 am

Re: 04/07/2018 Weekend Update

Postby te_fern » Sat Apr 07, 2018 11:17 am

Cobra wrote:My defense about calling low here: viewtopic.php?f=2&t=2816&p=252174#p252174

The rebound was very strong so I really did think the low might be in. However, no matter what I say, a trading reversal setup is required in order to bet on the reversal. And it was because the 2nd test failed today, it saved me from longing the market today! I've been saying the trading reversals setup many times (I usually draw blue dashed lines saying wait for the retest) so it was my fault that I assumed everybody knew and was too lazy today to draw those dashed lines. Anyway, here's the trading reversals setup and I'll make sure from now on, every time I'm saying anything against the current trend, I'll mention that you'll have to follow the trading reversals setup: http://www.cobrasmarketview.com/trading-reversals/

Thank you!


No problem Cobra. Appreciate all the hard work you do and allowing us to use this forum!!!
Thank you!
te_fern
 
Posts: 1877
Joined: Tue Nov 24, 2015 3:35 pm

Re: 04/07/2018 Weekend Update

Postby Man_Utd » Sat Apr 07, 2018 5:12 pm

jademann wrote:You are right, I think we will break the 200 or is it 250 and then drop to 2430 ish.

I saw Man Utd a couple of times back in 1982 or 1983 (I think) at Old Trafford. They won the FA cup and I saw them in the open top double decker parading around Manchester :)

I'm currently a bear but I will be looking at what happens on Monday. We could see some more selling and then do a double bottom. I think what's going for the bears right now is the weak volume when the market has turned bullish.

I've never had the pleasure of visiting Old Trafford. One of these days I'll make the pilgrimage and hopefully catch a game.
Man_Utd
 
Posts: 8
Joined: Sat Sep 22, 2012 3:40 am

Re: 04/07/2018 Weekend Update

Postby victorm » Sat Apr 07, 2018 6:18 pm

Man_Utd wrote:
jademann wrote:You are right, I think we will break the 200 or is it 250 and then drop to 2430 ish.

I saw Man Utd a couple of times back in 1982 or 1983 (I think) at Old Trafford. They won the FA cup and I saw them in the open top double decker parading around Manchester :)

I'm currently a bear but I will be looking at what happens on Monday. We could see some more selling and then do a double bottom. I think what's going for the bears right now is the weak volume when the market has turned bullish.

I've never had the pleasure of visiting Old Trafford. One of these days I'll make the pilgrimage and hopefully catch a game.

Hopefully China will respond somehow on that "$100bln tariff"wording and we got double bottom where I reload the truck ...
victorm
 
Posts: 302
Joined: Thu Feb 09, 2012 4:00 pm


Return to Traders Lounge

Who is online

Users browsing this forum: Google [Bot] and 27 guests