Cobra's Market View

wayne0708 wrote:corba:
bad close for whom, bear or bull?

I would think bull. Since BanZhang is bull-biased today.

cougar wrote:Something funny today : the bots are set up to initiate orders for high beta stocks as a function of the fluctuations of the TICK!

Thanks cougar, VERY interesting, aren’t bots always keyed to tick, or only today? (this seismic gotta be bots)
Would appreciate if u could elaborate….

Bulls cooked for tomorrow? Perhaps it will gap up...

good amount of dumping in the last couple of minutes of the day, wonder if this is bull positive or negative for tomorrow. anyone have a feel or data on this?

well, guess that's it for today. bears need a follow through tomorrow. thank you guys, I'll see you tomorrow.

looks like we are gonna close @ LOD today ....

Close tomorrow below today's low

Update

SPX http://99ercharts.blogspot.com/2011/10/spx_672.html

"Are we there yet?"

Thank you Cobra. It is amazing that the pullback that you talked about since last friday happened. We will see where the pullback will get.
The volume of today's pullback is low, so I guess there will be more pullback in the near future.

bpi22 wrote:Close tomorrow below today's low

I LIKE that one

Update

RUT http://99ercharts.blogspot.com/2011/10/rut_1455.html

We're there.

Cobra wrote:

seekingknowledge wrote:

Cobra wrote:

AK84 wrote:Cobra
You think more down ahead ? Im seeing SPX and INDU touching 20dma Weekly and thats why the sell off imo. First touch of Weekly 20MA is sell right ? So more down ahead then but eventually a buy ? Im a bit confused sorry .

I don't feel bearish.

but my guess is the pullback isn't over yet.

Hi, Cobra, I might not be getting it, but wondering why you think the pullback isn't over if you are not bearish. What is your pullback target? Thanks!

I've already given the target. before the tinted area taken, bulls are ok, before the green line taken, I'm not worried.

RUT retraced more than 100% already cobra. What do you make of that? Will SPX follows RUT?

Al_Dente wrote:

cougar wrote:Something funny today : the bots are set up to initiate orders for high beta stocks as a function of the fluctuations of the TICK!

Thanks cougar, VERY interesting, aren’t bots always keyed to tick, or only today? (this seismic gotta be bots)
Would appreciate if u could elaborate….

Usually, for trading high beta stocks, bots are pegged to the index closest to particular any stock. But sometimes, when the market is not predictable, the handlers try to front-run the moves by “pegging" them directly to the TICK, so that they enter the trade about 0.3 sec. earlier…which for H.F. trading is a lot.They do that only for the stocks where it’s worth it…

cougar wrote:

Al_Dente wrote:

cougar wrote:Something funny today : the bots are set up to initiate orders for high beta stocks as a function of the fluctuations of the TICK!

Thanks cougar, VERY interesting, aren’t bots always keyed to tick, or only today? (this seismic gotta be bots)
Would appreciate if u could elaborate….

Usually, for trading high beta stocks, bots are pegged to the index closest to particular any stock. But sometimes, when the market is not predictable, the handlers try to front-run the moves by “pegging" them directly to the TICK, so that they enter the trade about 0.3 sec. earlier…which for H.F. trading is a lot.They do that only for the stocks where it’s worth it…

THANKS cougar, got it, have 2 study it to figure what it means 4 us…

Cobra wrote:well, guess that's it for today. bears need a follow through tomorrow. thank you guys, I'll see you tomorrow.

Thanks Cobra!

tdo722 wrote:

Cobra wrote:

seekingknowledge wrote:

Cobra wrote:

AK84 wrote:Cobra
You think more down ahead ? Im seeing SPX and INDU touching 20dma Weekly and thats why the sell off imo. First touch of Weekly 20MA is sell right ? So more down ahead then but eventually a buy ? Im a bit confused sorry .

I don't feel bearish.

but my guess is the pullback isn't over yet.

Hi, Cobra, I might not be getting it, but wondering why you think the pullback isn't over if you are not bearish. What is your pullback target? Thanks!

I've already given the target. before the tinted area taken, bulls are ok, before the green line taken, I'm not worried.

RUT retraced more than 100% already cobra. What do you make of that? Will SPX follows RUT?

that's just the 1st sign. It's rare the push up we had in the last 2 weeks simply failed without fighting.

Thanks Cobra. I am expecting/hoping SPX will retrace up to 38.2% of 1074 which should be 1167, if not down to 61.8% at 1131.96 before heading back up crossing 1224. In the mean time, we might be seeing a slight upward in the morning Tuesday before a big dump. Thank god for the corrective wave. I almost thought I missed the rally of the year.

Gaps on Oct-10 and Oct-12 will be filled

Stock market article: “How Gold & Stocks Are About To Repeat The 2010 Bottom”

http://stk.ly/qYFCaS

Hmm,to many people bearish,charts look perfectly aligned for another drop, thinks tend to go opposite.
Short positions are on decline(SPY,SLV,GLD), who is exiting (? smart money).
Perhaps maybe early Christmas run in making?
Just another opinion!