Cobra's Market View

Okay, you’ve all had time to digest it.
Someone please post what ben just said.
FOUR SENTENCES ONLY.
Plain English (no “Twist” analysis allowed).

Covered yesterday's shorts at 1185 and went long:

My take:

Let's wait and see, but we'll all play together with the EU to make this happen...somehow...please believe us....please...everything is going to be OK.

there will be no breakdown... long w/ avg 1181... stop LOD.

Al_Dente wrote:Okay, you’ve all had time to digest it.
Someone please post what ben just said.
FOUR SENTENCES ONLY.
Plain English (no “Twist” analysis allowed).

more tools more times.
economy worst then thought
int. @ zero until 2013
bad jobs number will be with us longer

too bad, no follow through, now I need see the next few bars, the direction is not clear.

BullBear52x wrote:Bad bad bears

LOL. Soooooooo funny. Please keep this pix handy and re-post when we most need it again.

Remember the business cycle guys??

3rd=inflation rises, interest rates rise. Consumer expectations and industrial production top out. Basic materials then later into energy.
What we had going into 2011.

Economic Cycle of contraction=
1=Inflation stabalizes, interest rates top out, industrial production and consumer expectation fall. Consumer staples bullish.
2=industrial production and consumer expeectation slow down. Utilitiues, then int rates come down then financials, consumer cyclicals= Current business cycle.


Look for bullish business cycle:
Economic Cycle of growth:
1st=Inflation low and falling, interest low. Industrial Production, transportation, then Tech.

BullBear52x wrote:

Al_Dente wrote:Okay, you’ve all had time to digest it.
Someone please post what ben just said.
FOUR SENTENCES ONLY.
Plain English (no “Twist” analysis allowed).

more tools more times.
economy worst then thought
int. @ zero until 2013
bad jobs number will be with us longer

This is not Ben usually says.

It should be:

More tools if needed.
economy will be fine.
int. @ zero until forever.
Jobs numbers are OK.

BullBear52x wrote:My crystal ball telling me that these support will be broken.

Can we also break to the upside as the ES open interest dip was below 1 today and we usually rally following this occurrence?

Cobra,

Any thoughts on tomorrow ? just trying to position and anticipate ....more likely down due to the selling pressure today and hit resistance at 1205 to form right shoulder on 60 min?



Thanks.

AK84 wrote:Cobra,

Any thoughts on tomorrow ? just trying to position and anticipate ....more likely down due to the selling pressure today and hit resistance at 1205 to form right shoulder on 60 min?



Thanks.

so far I don't see the market wants to go down.

cjb98 wrote:

BullBear52x wrote:My crystal ball telling me that these support will be broken.

Can we also break to the upside as the ES open interest dip was below 1 today and we usually rally following this occurrence?

we go low first to shake out the unbelievers . unless Aug low is taken out.
I go with what is in front of me, for now is critical turning point. a battle zone.

So why is market going down after Ben promised more stimulus? Isn't this what market wanted?

BullBear52x wrote:Bad bad bears

poor penguin

Cobra wrote:

BullBear52x wrote:

Al_Dente wrote:Okay, you’ve all had time to digest it.
Someone please post what ben just said.
FOUR SENTENCES ONLY.
Plain English (no “Twist” analysis allowed).

more tools more times.
economy worst then thought
int. @ zero until 2013
bad jobs number will be with us longer

This is not Ben usually says.

It should be:

More tools if needed.
economy will be fine.
int. @ zero until forever.
Jobs numbers are OK.

Cool, so, BEAR, except for questionable BULL tools, and except for free money 'till '13.
I think heavenskrow really should get some of that free money, so he can keep jacking up the TMF.

Cobra wrote:

AK84 wrote:Cobra,

Any thoughts on tomorrow ? just trying to position and anticipate ....more likely down due to the selling pressure today and hit resistance at 1205 to form right shoulder on 60 min?



Thanks.

so far I don't see the market wants to go down.

Thank u !

i'm shaking... we are going DOWN... ok they put the fear in me, lets reverse already

no good, kind like a Descending Triangle to me.

Big gap down is in the making, OBAMA better don't misread his prompter tonight

see my MA band and a gap set up. this time could be difference.