Cobra's Market View

TrendTrade wrote:Cobra, you may not have time to answer this but what are the settings on your chiOsc? I cant get mine to show anything.

the default. ChiOsc(3,10)

so far go as planed. this looks like a 2 legged down (5 min chart only) but I still find hard to believe, so maintain the rest of the evil plan.

Cobra wrote:normally, this should be a 2 legged down (5 min chart only) but given the fact we had a very strong rally since this morning, I'd suspect this kind of 2 legged call here. we'll see. (look at my eyes, i'm watching...)

You just watching ?

I am watching like a hawk

nice bull bar, but bulls need a H1 to seal the deal.

BullBear52x wrote:

Cobra wrote:normally, this should be a 2 legged down (5 min chart only) but given the fact we had a very strong rally since this morning, I'd suspect this kind of 2 legged call here. we'll see. (look at my eyes, i'm watching...)

You just watching ?

I am watching like a hawk

Snake doesn't watch, snake SENSEs using its tongue.

for educational only, fib extensions measurement.

Cobra wrote:

TrendTrade wrote:Cobra, you may not have time to answer this but what are the settings on your chiOsc? I cant get mine to show anything.

the default. ChiOsc(3,10)

Got it. I was trying to run it on SPX but that has no volume. It works now on my SPY chart. Thanks!

BullBear52x wrote:Now the channel is out, the next move watch for little bear flag, the fast and furious move that will come next if it's the same movie that I've seen times and times again.

BB52 - Nice call! How will your movie end today?

Anaconda wrote:

BullBear52x wrote:Now the channel is out, the next move watch for little bear flag, the fast and furious move that will come next if it's the same movie that I've seen times and times again.

BB52 - Nice call! How will your movie end today?

More popcorn please 200ma 1min or 20ma 5min seems to work its magic for now.

lunch time, no time for detailed plan, wild-est-est-est guess here - almost the original plan. i'll be BACC.

COMP
Update.
http://99ercharts.blogspot.com/2011/06/comp_20.html

BullBear52x wrote:

Anaconda wrote:

BullBear52x wrote:Now the channel is out, the next move watch for little bear flag, the fast and furious move that will come next if it's the same movie that I've seen times and times again.

BB52 - Nice call! How will your movie end today?

More popcorn please 200ma 1min or 20ma 5min seems to work its magic for now.

Ah. I thought maybe you were making a car-wreck sequel...like "Fast & Furious III - Showdown on the SPY"

Looking for some unusual volume to unload our puts we bought at the exact highs in price and time.

Target 1 is hit. wait to see if next level will be called out to. next is 261.8%

i'm back. so far goes as planed. now i'll watch where to rebound and how strong the rebound then adjust my plan accordingly, for now maintain my original plan.

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TRADE ALERT
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Sold SPY July 125 puts at 1.61 for +7% in 30 minutes. I'm not that bearish about today's close and tomorrow's open. Will re-visit these puts tomorrow, I think.

I don't think I've posted a losing trade on here yet, and avg option gain is at least 6% per trade in under a day, top trade was +35% in a few days.

measured move, I don't believe the rebound has started.

Copper
AB=CD target of 3.58.
http://99ercharts.blogspot.com/2011/06/copper_20.html

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TRADE ALERT
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Doubled position size in BAL. I like the 1=5 pattern here, not to mention that huge up candle in the cotton futures the last hour. The BAL ETF doesn't track cotton exactly though. These are dangerous type trades. Not for the faint of heart.

chances are good the rebound has started, will maintain the original evil plan. Failed rebound here would be very bad, so bulls must hold...