Cobra's Market View

some possible bounce Monday? Dare I dream?

99er wrote:
Ah, honey...I was just getting comfy.

LOL!! Have an awesome weekend 99er!

silicon_beaver; i do not see a sell signal on silver, just on lower trend line, if it holds then up. 5 min time and up, macd says hold overnight.

water your flowers and cut your weeds.

gdx monthly chart buy signal. i will look for a better buy point. we don't get monthly buys often

alvian33 wrote:Cobra, wen trading is also your website?

no, why ask?

99er wrote:Time to cover your shorts?
DWCF http://99ercharts.blogspot.com/2011/09/dwcf.html

Ah, honey...I was just getting comfy.

Agree.

I closed my TZA and silver. But I loaded FAS early today, that' s too early. That why I blamed myself "over-trading" and reading the posts on over-trading too late.

Quotes applied from Jesse Livermore to overtrading and why gold and silver is rallying admist dollar breakout...

"The tape does not concern itself with the why and wherefore. It doesn't go into explanations. I didn't ask the tape why when I was 14, and I don't ask it today at 40. The reason for what a certain stock does today may not be known for 2-3 days, weeks, or months. but what the fuck does that matter? Your business with the tape is now-not tomorrow. The reason can wait."

"A man may see straight and clearly and yet become impatient or doubtful when the market takes its time about doing as he figured it must do. That is why so many men in Wall St nevertheless lose money. The market does not beat them. They beat themselves, because though they have brains they cannot sit tight. "

"Disregarding the big swing and trying to jump in and out was fatal to me. Nobody can catch all the fluctuations. In a bull market your game is to buy and hold until you believe that the bull market is near its end. To do this you must study general conditions and not tips or special factors affecting individual stocks."

HI Cobra.
Decent close -- looks like regained the rectangle and could close over ES 1177. Look forward to your analysis. Have a good weekend everyone.

oh no, he has a link to your blog, and I thought it's you, never mind

well, guess that's it for today, very strange day, so I need dig more for my next call. Thank you guys, I'll see you the next Tuesday. Have a nice long weekend!

v1stock.com wrote:silicon_beaver; i do not see a sell signal on silver, just on lower trend line, if it holds then up. 5 min time and up, macd says hold overnight.

water your flowers and cut your weeds.

gdx monthly chart buy signal. i will look for a better buy point. we don't get monthly buys often

I wanted to trade 3x leveraged gold....but the dollar!!

THANKS FOR THE WEEK COBRA AND EVERYONE HAVE A GREAT 3 DAY WEEKEND.

heavenskrow wrote:Quotes applied from Jesse Livermore to overtrading and why gold and silver is rallying admist dollar breakout...

"The tape does not concern itself with the why and wherefore. It doesn't go into explanations. I didn't ask the tape why when I was 14, and I don't ask it today at 40. The reason for what a certain stock does today may not be known for 2-3 days, weeks, or months. but what the fuck does that matter? Your business with the tape is now-not tomorrow. The reason can wait."

"A man may see straight and clearly and yet become impatient or doubtful when the market takes its time about doing as he figured it must do. That is why so many men in Wall St nevertheless lose money. The market does not beat them. They beat themselves, because though they have brains they cannot sit tight. "

"Disregarding the big swing and trying to jump in and out was fatal to me. Nobody can catch all the fluctuations. In a bull market your game is to buy and hold until you believe that the bull market is near its end. To do this you must study general conditions and not tips or special factors affecting individual stocks."

Thanks. That also applies to me. wish I read it earlier.

Cobra wrote:well, guess that's it for today, very strange day, so I need dig more for my next call. Thank you guys, I'll see you the next Tuesday. Have a nice long weekend!

Bye man, u have a great weekend too!!

Taking heat on longs, bought GDX call on close.

Great board here, don't know why I ever paid for trading rooms!!

Everyone. wonderful holiday.

how come you think today is very strange day?