Back to www.cobrasmarketview.com |
chickencoop wrote:Me XMan wrote:I heard my Uncle Benny have ordered 100 more printing presses.
QE3 through QE18 are on the table.
greenback wrote:Let's put it this way ...
IF you were BEN/NY FEB, would you want this natural disaster ruin all the QE1/QE2 efforts? I don't think so ... just print money until we are out of this damn shit!
just a few key strokes ... there is an easy button.
that makes total sense. I learned something again. Thanks.Cobra wrote:usually a good bottom is wave up, a few 5 min bar up then a few down and then a few 5 min bar, like some buying program are running in orderly fashion. But now all we see are sudden spike up, that's not enough time for program to run accumulation and that's why I suspect that today's low will be revisited. Just a thought as you know I don't trade based on such kind of speculation.
is this what short covering action looks like though? could it have been that?Cobra wrote:usually a good bottom is wave up, a few 5 min bar up then a few down and then a few 5 min bar, like some buying program are running in orderly fashion. But now all we see are sudden spike up, that's not enough time for program to run accumulation and that's why I suspect that today's low will be revisited. Just a thought as you know I don't trade based on such kind of speculation.
totally agree with you.Cobra wrote:usually a good bottom is wave up, a few 5 min bar up then a few down and then a few 5 min bar, like some buying program are running in orderly fashion. But now all we see are sudden spike up, that's not enough time for program to run accumulation and that's why I suspect that today's low will be revisited. Just a thought as you know I don't trade based on such kind of speculation.
Thanks, nice callCobra wrote:Some fib support here.
Let's see how market close first.EvilTrader wrote:Cobra what do you think about a huge gap up tomorrow, to burn the late shorts ?
Its OPEX.....
A thought: in a normal trading environment, your accumulation comments make good sense.Cobra wrote:Not today, just the price action is way too emotional.
greenback wrote:The operator of the Fukushima nuclear plant says it has almost completed a new power line that could restore electricity to the complex and solve the crisis that has threatened a meltdown. The new line would revive electric-powered pumps, allowing a steady water supply to troubled reactors and spent fuel storage ponds, keeping them cool.