Cobra's Market View

the feeling is right, we do have the rebound at the end. Let's see if it can last till the close.

WATCH OUT FOR MONDAY GAP DOWN

ukarlewitz@yahoo.com wrote:CPC will likely close to the recent high, 1.45 now

uka: thanks for your trin alert. but it does have room to go quite higher. just one example may '10 went >35 and a few other notable times. I recall Bernie Schaeffer calling it his favorite bottom-finder, then the market dead-cat-bounces and SPY goes lower. good to watch

BullBear52x wrote:

Tabby wrote:

Cobra wrote:

BullBear52x wrote:Until Tuesday gents if we close around here.

hmm, anyone has statistics about what happened thereafter when Mr BB52 posted happy pictures?

They were yellow yesterday and they are white now. I am afraid they turn to be red bears ( bloody bears).

I posted this one picture too before. his time will come but not today.

A bull with MoM's tatoo

canada earthquack reported

if spy can get above 116.74, officially long.

the rebound, by the way, is not bad for bears, because it eliminated a potential bottom signal and a good chances for green Monday.

Don Wolanchuk called 1147.25 close and bottom this AM

Cobra wrote:the rebound, by the way, is not bad for bears, because it eliminated a potential bottom signal and a good chances for green Monday.

Have a good weekend Cobra, thanks for all your work.

the aug 8 and 18th candles may be holding up the mkt

MINI inverse H+S pattern reached, no more for bulls today.

Thanks for a great weekend everyone!

See u all monday !

Go Bears!!!!!

PS. Special thanks to uempel for helping me out with charts this week!

anyone holding shorts over weekend?

Well, I guess that's it for today. The big picture as I've explained sometime ago, today's action confirmed that the up momentum is further weakening therefore the chances are even higher that what we had was (is) merely a rebound, that Aug 9 lows will be revisited. That said, there's always another confirm, which I will explain in the weekend report. But you should know any signs can be confirmed and confirmed until too late so at certain stage you have to make your bet, nothing is 100% guaranteed. Thank you guys, I'll see you the next Monday!

Cobra wrote:the rebound, by the way, is not bad for bears, because it eliminated a potential bottom signal and a good chances for green Monday.

Cobra,
You mean, the rebound, eliminated the potential of a chance for a green Monday? Why? Thx

Cobra wrote:Well, I guess that's it for today. The big picture as I've explained sometime ago, today's action confirmed that the up momentum is further weakening therefore the chances are even higher that what we had was (is) merely a rebound, that Aug 9 lows will be revisited. That said, there's always another confirm, which I will explain in the weekend report. But you should know any signs can be confirmed and confirmed until too late so at certain stage you have to make your bet, nothing is 100% guaranteed. Thank you guys, I'll see you the next Monday!

You made the day for me today! Many thanks and have a safe and happy weekend.

Cobra wrote:Well, I guess that's it for today. The big picture as I've explained sometime ago, today's action confirmed that the up momentum is further weakening therefore the chances are even higher that what we had was (is) merely a rebound, that Aug 9 lows will be revisited. That said, there's always another confirm, which I will explain in the weekend report. But you should know any signs can be confirmed and confirmed until too late so at certain stage you have to make your bet, nothing is 100% guaranteed. Thank you guys, I'll see you the next Monday!

Thank you and all for an awesome day predicting!!

janez wrote:

Cobra wrote:the rebound, by the way, is not bad for bears, because it eliminated a potential bottom signal and a good chances for green Monday.

Cobra,
You mean, the rebound, eliminated the potential of a chance for a green Monday? Why? Thx

eliminated one evidence for calling green Monday because VIX rose 14% instead of 18% as of close otherwise almost 76% a green Monday.

Thank you for the site Cobra. I refer many people here. Keep up the great work!

jaijailyc wrote:anyone holding shorts over weekend?

not technically short but its kind of the "bear" trade= TMF