Cobra's Market View

Al_Dente wrote:BARON
yooooooooooo whoooooooo

JARBO
U mean ratio over .90 for bear spy, right?
PS where u been?

that's right. no fixed rule per se...

Hi Cobra, can you kindly look at CAT's daily chart? support lost at 105, next one at 97? what's the likelihood of a rebound from here? thanks

here we go!

Cobra, if it reached 1390 area, will it be up? or will it try again 1419? or 1419/1.065=1330 area? any comments? Thanks

Many things alined to rebound:

NDX 100 1 hour

i cannot believe somebody placed stop at 1399.5
this is a total distraction to market.it is hard to tell whether go long here or not.

cli wrote:Hi Cobra, can you kindly look at CAT's daily chart? support lost at 105, next one at 97? what's the likelihood of a rebound from here? thanks

Support at 96...

Al_Dente wrote:BARON
yooooooooooo whoooooooo

JARBO
U mean ratio over .90 for bear spy, right?
PS where u been?

Possible bottoming pattern on DJIA, EURUSD and AUDJPY. A little higher high after a retest of the low.

soku wrote:i cannot believe somebody placed stop at 1399.5
this is a total distraction to market.it is hard to tell whether go long here or not.

That's where the 200 MA on 1 hour S&P June futures was and yes, many people do put stops there.

Cobra wrote:normal pattern should be like this.

Cobra, so this is no longer a buyable dip but a sellable bounce? Market doesn't feel quite weak.

uempel wrote:

cli wrote:Hi Cobra, can you kindly look at CAT's daily chart? support lost at 105, next one at 97? what's the likelihood of a rebound from here? thanks

Support at 96...

thanks

tigerwang9999 wrote:Cobra, if it reached 1390 area, will it be up? or will it try again 1419? or 1419/1.065=1330 area? any comments? Thanks

I'll have to see at that time. but generally, I'll maintain the big picture view. Check my Monday report: http://www.cobrasmarketview.com/2012/03 ... -readings/, see the big picture chart. I reiterate that call.

noob wrote:

Cobra wrote:normal pattern should be like this.

Cobra, so this is no longer a buyable dip but a sellable bounce? Market doesn't feel quite weak.

that 5 min chart only applies today. I'll maintain my big picture call. be sure you know the time frame I'm talking.

Cobra please when PM is in outbox, message is sent or waiting to be sent? Thanks!

cli wrote:Hi Cobra, can you kindly look at CAT's daily chart? support lost at 105, next one at 97? what's the likelihood of a rebound from here? thanks

First of all, welcome aboard!

my read on the chart is bearish because it's a confirmed 1-2-3 trend change. the target is shown on the chart. I don't believe the target, but you should get the rough direction.

Cobra wrote:

noob wrote:

Cobra wrote:normal pattern should be like this.

Cobra, so this is no longer a buyable dip but a sellable bounce? Market doesn't feel quite weak.

that 5 min chart only applies today. I'll maintain my big picture call. be sure you know the time frame I'm talking.

I was asking about the morning dip being bought call, I guess it's no longer morning dip.... Sorry to be such a noob.

Jose wrote:

soku wrote:i cannot believe somebody placed stop at 1399.5
this is a total distraction to market.it is hard to tell whether go long here or not.

That's where the 200 MA on 1 hour S&P June futures was and yes, many people do put stops there.

i see large stop orders. in general you shd not place stop too close to round numbers, especially if u r trading big fund.
in today's tape, 1402-04 area is good for swing stop. lots of reasons to place stop there. this stop will probably take es to 1400 area then correct around. at 1399.5 the stop actually bring es down another 8 points and ruin the chart.

i long small here. my reason: europe closed at friday close. we just tested friday close as well. i want to jbtfd.

KeiZai wrote:Cobra please when PM is in outbox, message is sent or waiting to be sent? Thanks!

usually takes a few minutes to be "sent"

PAGING KEIZAI
Thanks very much
When u say 65ema u mean daily chart right?
And 13ema is on what time frame, hourly??
Appreciate that

PAGING UEMPEL
Just sent u live chart

Cobra wrote:

cli wrote:Hi Cobra, can you kindly look at CAT's daily chart? support lost at 105, next one at 97? what's the likelihood of a rebound from here? thanks

First of all, welcome aboard!

my read on the chart is bearish because it's a confirmed 1-2-3 trend change. the target is shown on the chart. I don't believe the target, but you should get the rough direction.

thank you and thank you referred by Andy Zaky..