Cobra's Market View

i see imminent breakout here.

uempel wrote:

soku wrote:short to 1337

Sorry soku, I see no indication of a dip to 1337 in the next two hours. If you want to keep your short position for days or even weeks it might make sense, but as a DT I just don't see it...

SPX25.png

i am just a scalper. long term to me means 15 minutes
it's just some fed guy talking shit that almost screwed my trade. i am a disbeliever. at least i don't believe fed can talk the market higher.

http://www.bloomberg.com/news/2011-05-1 ... mulus.html

RUT
What the hell...here's a count.
http://99ercharts.blogspot.com/2011/05/rut_608.html

i dunno cobra, there is a lot of supply above... i guess if they keep poking they will eventually get through,..

i am 80% sure we end at 1340

hmm, I was really great today, mostly I said were the opposite.

soku wrote: i am just a scalper. long term to me means 15 minutes
it's just some fed guy talking shit that almost screwed my trade. i am a disbeliever. at least i don't believe fed can talk the market higher.

http://www.bloomberg.com/news/2011-05-1 ... mulus.html

the market is weakened. the "official" explanation is another fed guy is talking some other shit on debt crap.
the FED ran out of bullet. they just playing talk show now with evens on bullish side and fisher bearish.

ok, despite I was so great today, I'd like to make another call, now the chart favors bears as I see 3 push up and double top breakdown here so should be 2 legged down here? Well, you know I'm mostly wrong today, so maybe after I post this it shot up immediately.

yep cobra same 3 ( or 4 ) push up attempt in crude and now it is breaking down... was a great day for scalping for me ... +3.11

Cobra wrote:ok, despite I was so great today, I'd like to make another call, now the chart favors bears as I see 3 push up and double top breakdown here so should be 2 legged down here? Well, you know I'm mostly wrong today, so maybe after I post this it shot up immediately.

I just expect a double bottom. After the first 5 waves are completed (see it on my chart), this behavior is quite common.

soku wrote:

soku wrote: i am just a scalper. long term to me means 15 minutes
it's just some fed guy talking shit that almost screwed my trade. i am a disbeliever. at least i don't believe fed can talk the market higher.

http://www.bloomberg.com/news/2011-05-1 ... mulus.html

the market is weakened. the "official" explanation is another fed guy is talking some other shit on debt crap.
the FED ran out of bullet. they just playing talk show now with evens on bullish side and fisher bearish.

Soku, looks as though you were right with your bearish call...

what bothers me is fisher is done but evens is still talking. why they have to talk at the same time?
place a stop at 1340.25. don't want to turn gain to loss.

soku wrote:what bothers me is fisher is done but evens is still talking. why they have to talk at the same time?
place a stop at 1340.25. don't want to turn gain to loss.

Congrats!

ok i spotted the pattern ... symmetrical triangle .. i am long 1336.5.. still gonna end at 1340

Cobra wrote:ok, despite I was so great today, I'd like to make another call, now the chart favors bears as I see 3 push up and double top breakdown here so should be 2 legged down here? Well, you know I'm mostly wrong today, so maybe after I post this it shot up immediately.

Good call Cobra!

Not to far from 133.94 Todays low. Let see if we can break it. I have my bearish hat on today and mabe tomorrow.

I'd short or long a breakout of the blue ellipse:

uempel wrote:

Cobra wrote:ok, despite I was so great today, I'd like to make another call, now the chart favors bears as I see 3 push up and double top breakdown here so should be 2 legged down here? Well, you know I'm mostly wrong today, so maybe after I post this it shot up immediately.

Good call Cobra!

hmm, thanks, occasionally I could be right.

there're chances that VIX was bottomed here as yeah, I saw my favorite 3 push down pattern.

Tweet today from @MarketTells:

"5 consecutive lower highs for S&P futures (/ES). Since '08 19 separate occurrences, 16 led to higher S&P 2 days later $$"

I see snake here. Are there male and female snakes? if so, I think it's female.