Cobra's Market View

this sideway move today must work the extremely overbought indicators to bring it to neutral. if we have another sideways to down movement on monday then we will go down a tad on tuesday morning and head up rest of the week to 132 on SPY

Thank you King Cobra for another great week
BTW: I REALLY need your help (or someone’s help) locating your “IGNOR” function… anyone? .... please?

Al_Dente wrote:Thank you King Cobra for another great week
BTW: I REALLY need your help (or someone’s help) locating your “IGNOR” function… anyone? .... please?

I think you want to use the Manage foes function under User Control Panel

my prediction is sideway monday, go up tuesday, and go down to 1243 on weds to fill the gap.

lol

Taking profits on PANL.This was a good short trade for 2 1/2 points.

this is why it pays out to look for contrarian signals and not follow blindly the lemmings into the abyss (which imho is right now happening with the so called "Final Euro solution")[/quote]

It's often valid to be a contrarian at market turning points, because the crowd is often wrong at turning points... Experienced traders (I'm not in this category) got trapped in this bull run who weren't "following lemmings into the abyss", they don't trade on fundamentals (the Euro debt crises) but take them into account.

Al_Dente wrote:Thank you King Cobra for another great week
BTW: I REALLY need your help (or someone’s help) locating your “IGNOR” function… anyone? .... please?

LOL, enjoy your weekend, happy halloween.

GreedyKojiro wrote:

Al_Dente wrote:Thank you King Cobra for another great week
BTW: I REALLY need your help (or someone’s help) locating your “IGNOR” function… anyone? .... please?

I think you want to use the Manage foes function under User Control Panel

Ha, this is a good feature. Lots of questions are about this.

5,4,3,2....

Cobra wrote:

GreedyKojiro wrote:

Al_Dente wrote:Thank you King Cobra for another great week
BTW: I REALLY need your help (or someone’s help) locating your “IGNOR” function… anyone? .... please?

I think you want to use the Manage foes function under User Control Panel

Ha, this is a good feature. Lots of questions are about this.

Master Cobra, you are not allowed to use. We all will need to question you some day

tdo722 wrote:

pidge66 wrote:

Cobra wrote:

pidge66 wrote:Cobra, are you expecting a 2 legged pull back before yesterday's high is retested? If so, I think the triangle should resolve to the down side for the 2nd leg. Thoughts? TIA.

Not expecting 2 leg down. I'm pretty much clueless.

I agree. This triangle really throws a curve ball at us.

Hi pidge66,

I see u post your portfolio on your web site. Is that real or paper money?

Real money. So I am hoping for some sympathetic donations. LOL.

Anyone familiar with Al Brooke's terminology: In this Getting Started page, why do MC and BW stand for? something channel and something wedge...?
download/file.php?id=7811&mode=view

Thanks in advance!

now it looks more and more like an Ascending Triangle. just a little late now.

pidge66 wrote: Real money. So I am hoping for some sympathetic donations. LOL.

Where is your web site ?

Test

That's a lot of calls under "all equities": http://www.ise.com/WebForm/viewPage.aspx?categoryId=126

Interesting

tdo722 wrote:5,4,3,2....

Buckle up!

pidge66 wrote:

tdo722 wrote:

pidge66 wrote:

Cobra wrote:

pidge66 wrote:Cobra, are you expecting a 2 legged pull back before yesterday's high is retested? If so, I think the triangle should resolve to the down side for the 2nd leg. Thoughts? TIA.

Not expecting 2 leg down. I'm pretty much clueless.

I agree. This triangle really throws a curve ball at us.

Hi pidge66,

I see u post your portfolio on your web site. Is that real or paper money?

Real money. So I am hoping for some sympathetic donations. LOL.

I was pretending to be a master trader and short this whole entire 4 weeks rally and lost over $23K.

I learned my lesson brother. You should join me. It's easy to make money again but do not ever go against trend.

wow, i'm cashing out at 128.65.

weee, detected vix on 5min made a low but spx has not made a higher high yet on 5min. Made $0.30 on 1000 shares. I'm out for the day. Have fun. I think it can shoot to the moon into closing but I'm not gonna find out.

waverider wrote:That's a lot of calls under "all equities": http://www.ise.com/WebForm/viewPage.aspx?categoryId=126

Interesting

no, 192 is nothing. yell when it reaches 292, then we'll see, better 392.