Cobra's Market View

i think it was a successful L3 short.

measured move. fun only, i don't believe the target.

lunch time. here's my plan, subject to change at any time of course.

Cobra wrote:measured move. fun only, i don't believe the target.

I didn't get 128.2, hate chasing oh well, small lot for the weekend.

Thanks everyone got to enjoy some weekend.

Cobra wrote:measured move. fun only, i don't believe the target.

That is actually a good target but maybe not for today

thanks Cobra for your explnation. you are successful L3 short.

Cobra wrote:lunch time. here's my plan, subject to change at any time of course. :lol:

down down down olay olay olay~~~ down down down olay olay olay~~~ :mrgreen:

For the last 4 months during this range bound market, it has been the tendency for the market to perform poorly in the first half of the month and do very well in the second half of the month.

Take a look at the S&P to see it. I would expect that could continue since we're up against a full moon next week.

90ufo wrote:thanks Cobra for your explnation. you are successful L3 short.

no, i didn't see that coming. just theoretical L3 short, I was busy talking at Hutong9 at that time, you know.

Dollar
Paris.
http://99ercharts.blogspot.com/2011/06/dx_10.html

Have you noticed on CNBC how all the Guests are saying how good things are looking.Now is the time to buy etc...They tend to do this when the mkt is going down.I guess this means we will have more dn.

ok, i scored the first round, now let's see where we get the rebound, due to the limit of the chart size, plan is just direction only, not reflect the actual points, so no idea yet, where we'll have the rebound.

Cobra,
What would be your # in $SPX for being the bear market officialy? We are still in bull market but pulling back.
Thanks.

Agreed on more to fall, right here, right now. However, bullish Gartleys are forming on both H4 SPX and NDX. So the down side may not be as deep as feared.

90ufo wrote:thanks Cobra for your explnation. you are successful L3 short.

Cobra Genius!

volume surge is a good sign, but we need see the next bar, too early to call rebound.

Tabby wrote:Cobra,
What would be your # in $SPX for being the bear market officialy? We are still in bull market but pulling back.
Thanks.

officially, SPX weekly EMA13 bearish crossover weekly EMA34, will be my final signal for a bear market.

in reality, i'll have to see the chart pattern then make an evil plan accordingly.

good, but a bull bar is needed to seal the deal...

ddd wrote:Agreed on more to fall, right here, right now. However, bullish Gartleys are forming on both H4 SPX and NDX. So the down side may not be as deep as feared.

Nice work, "ddd"! What is your time frame? 30 min?

4 hour as H4.