Cobra's Market View

Have a couple ES timeframes reversing bias down starting at 1185, pointing to 50s. And Euro to 1.35. Might serve to enforce some Slovak compliance later in the week. "This is a stick up! Give us your money.. or your money"

agnosia wrote:holy crude. just touched the daily long term resistance of 86.64. wow. what a move... a clean break of 86.64 and we are out of the descending channel and off to the moon.

Good call! Here's the channel on a crude etf if anyone's interested:

http://stockcharts.com/h-sc/ui?s=UCO&p= ... =245824625

bullbear52 wrote:

Cobra wrote:

laoguo wrote:I followed Cobra's evil plan and made three successful scalps.

Cobra is Invincible today!!!

next time, don't follow, have your own system, please. It's just a watering thread. Trading and forecast are totally different thing. Trading involves more, such as the entry, the exit and the stop loss while forecast is much easier, only need 30% similar, that's it. So please, don't follow the next time.

Cobra, can you put back the X on my name? this market move too slow, I need to x it

what happens with your x id? I can reset the password for you. Send me a email: cobra@cobrasmarketview.com if you really want to reset.

a bull bar, a follow through next bar would be dangerous for bears. careful here.

Cobra wrote:green line is the key to watch, cannot decisively breakdown, then bears are over. So far the big picture does not look bearish, still looks like a consolidation before breakout.

Congratulation for the calls, I am learning a lot from you ...
Mid term, I think depend on EU.
Long term, down for sure....

Cobra wrote:

bullbear52 wrote:

Cobra wrote:

laoguo wrote:I followed Cobra's evil plan and made three successful scalps.

Cobra is Invincible today!!!

next time, don't follow, have your own system, please. It's just a watering thread. Trading and forecast are totally different thing. Trading involves more, such as the entry, the exit and the stop loss while forecast is much easier, only need 30% similar, that's it. So please, don't follow the next time.

Cobra, can you put back the X on my name? this market move too slow, I need to x it

what happens with your x id? I can reset the password for you. Send me a email: cobra@cobrasmarketview.com if you really want to reset.

Thank you, you got mail.

The bears are over ? ?

too bad for bears.

Longs, we will be stronger. Shake out all weak hands before going higher.

waverider wrote: Good call! Here's the channel on a crude etf if anyone's interested:

http://stockcharts.com/h-sc/ui?s=UCO&p= ... =245824625

nice chart. my channel is very similar. if we break out of this channel look for first target of 90.21 gap to be filled...

Don't fight the world bank. I will put back a hedge before close if market doesn't move my way, but no way I will close shorts or TZA.

Update:

i gave up on the bear /es trade for now after seeing what happened in crude today. waiting patiently for now to pick a side again

possibly a Triangle here therefore could be one more push up on the big picture.

Cobra wrote:well, I just want to remind all the bears here: despite all the negative signs, the chart pattern looks unbelievably strong, a consolidation at an important resistance usually means a blast to the upside, so be careful here, don't get too bearish!

Yup. Took half my short off at 1,992. A break to the upside and I'm thinking a run to 1219 will be in order. Probably screw shorts with a gap up and go so I'll load back up up there. A 3 point profit today. Bulls with the ball still looking to punch it home. We could see a volatility squeeze breakout tomorrow's open.

the 4th touch, guess it's difficult to hold.

Getting close to the 80 week SMA which is hovering around 1207 on the ES.

At this point, going to keep my TVIX positions for now since we are within spitting distance of it.

It has always dismantled run-ups in the past couple of months, so I will stick to the same trade until it doesn't work.

Until Mrs. Market tells me that its bust, I will not change what has worked.

Most likely, it will fail the first attempt to pierce it, and that will open up the JBTFD opportunity, after I hopefully cash in on my TVIX positions.

Ahh, this market is so tricky:

Here is what AA looks like, dropped as much as 50% from last quarter, and just coming out a bottom.

Cobra wrote:possibly a Triangle here therefore could be one more push up on the big picture.

EUR/USD has to break out too to continue the uptrend.