Cobra's Market View

ddd wrote:Watching if /NQ bounces back from the 5/2 high or decisively breakthrough now...

thanks

I think Cramer should retire his C.A.N.D.I.E.S and come out with C.R.A.C.K (Cramer Recommends Apple & Chipotle u Kramericans)

After all, who wants candy when they can have crack.

In other news, Ben Bernanke appointed Muhammad Saeed al-Sahhaf (Bagdad Bob) as the new Fed Information Minister.
Speaking on the markets as a whole, Al-Sahhaf said: "This market will never go down..... NEVER!!!!"
Pointing out the Fed's position on shorts and naysayers, Al-Sahhaf said: "Our initial assessment is that they will all die"
There you have it. SPX to 1600+ in three weeks time at the latest.

still look like a breakout on the upside is more likely. very boring day.

Mr. T wrote:I think Cramer should retire his C.A.N.D.I.E.S and come out with C.R.A.C.K (Cramer Recommends Apple & Chipotle u Kramericans)

After all, who wants candy when they can have crack.

In other news, Ben Bernanke appointed Muhammad Saeed al-Sahhaf (Bagdad Bob) as the new Fed Information Minister.
Speaking on the markets as a whole, Al-Sahhaf said: "This market will never go down..... NEVER!!!!"
Pointing out the Fed's position on shorts and naysayers, Al-Sahhaf said: "Our initial assessment is that they will all die"
There you have it. SPX to 1600+ in three weeks time at the latest.

yay~~ all bulls can retire early and live next to the beach~~ :mrgreen:

Mr. T wrote:I think Cramer should retire his C.A.N.D.I.E.S and come out with C.R.A.C.K (Cramer Recommends Apple & Chipotle u Kramericans)

After all, who wants candy when they can have crack.

In other news, Ben Bernanke appointed Muhammad Saeed al-Sahhaf (Bagdad Bob) as the new Fed Information Minister.
Speaking on the markets as a whole, Al-Sahhaf said: "This market will never go down..... NEVER!!!!"
Pointing out the Fed's position on shorts and naysayers, Al-Sahhaf said: "Our initial assessment is that they will all die"
There you have it. SPX to 1600+ in three weeks time at the latest.

I don't know who this guy is or if he has Aladdin lamp or friend with Ali-baba or some outside US friends who like to invest in American stock market. Going up in this market does not help with bunch of hungry avarage American. Market problem is resolved maybe $SPX to 20000, we still have economic issue and most of American are from main street not wall street.

What a mad cow

Tabby wrote:

Mr. T wrote:I think Cramer should retire his C.A.N.D.I.E.S and come out with C.R.A.C.K (Cramer Recommends Apple & Chipotle u Kramericans)

After all, who wants candy when they can have crack.

In other news, Ben Bernanke appointed Muhammad Saeed al-Sahhaf (Bagdad Bob) as the new Fed Information Minister.
Speaking on the markets as a whole, Al-Sahhaf said: "This market will never go down..... NEVER!!!!"
Pointing out the Fed's position on shorts and naysayers, Al-Sahhaf said: "Our initial assessment is that they will all die"
There you have it. SPX to 1600+ in three weeks time at the latest.

I don't know who this guy is or if he has Aladdin lamp or friend with Ali-baba or some outside US friends who like to invest in American stock market. Going up in this market does not help with bunch of hungry avarage American. Market problem is resolved maybe $SPX to 20000, we still have economic issue and most of American are from main street not wall street.

If SPX to 3,000, everybody is rich, so you don't have to work anymore, the unemployment rate will go to zero, every problem will be solved.

Check Vix hourly
Finally we could see some actions !!!

Entering shorts here with the intention of holding through the weekend.

If we don't get a decent rally from current levels, overseas markets are gonna be disappointed and we're gonna gap down Monday.

Cobra wrote:

Tabby wrote:

Mr. T wrote:I think Cramer should retire his C.A.N.D.I.E.S and come out with C.R.A.C.K (Cramer Recommends Apple & Chipotle u Kramericans)

After all, who wants candy when they can have crack.

In other news, Ben Bernanke appointed Muhammad Saeed al-Sahhaf (Bagdad Bob) as the new Fed Information Minister.
Speaking on the markets as a whole, Al-Sahhaf said: "This market will never go down..... NEVER!!!!"
Pointing out the Fed's position on shorts and naysayers, Al-Sahhaf said: "Our initial assessment is that they will all die"
There you have it. SPX to 1600+ in three weeks time at the latest.

I don't know who this guy is or if he has Aladdin lamp or friend with Ali-baba or some outside US friends who like to invest in American stock market. Going up in this market does not help with bunch of hungry avarage American. Market problem is resolved maybe $SPX to 20000, we still have economic issue and most of American are from main street not wall street.

If SPX to 3,000, everybody is rich, so you don't have to work anymore, the unemployment rate will go to zero, every problem will be solved.

Look Cobra, I mostly buy Fas and faz. I 've reading a lot on fins news and a lot of info on all these hearing on Capital Hill. I saw this clip back in May of 2009. Ms. Duke who is Ms. Warren has been in charge of Fed Reserve balance sheet since Sept 2008. Nine months past by and she is stating that she did know where the trillion $$$ were when she was in charge of daily balance sheet. This is sad that most of American living below poverty of the level of poverty with high education. Just recently there is a plan to remove her as chairperson. When Mr. Bernanke brings Al-Sahhaf to his gang, just because he is just want buy his time till 2012.

http://www.youtube.com/watch?v=nJqYIPFMpAs
Mr. Beranake is another guy who likes to throw money just because he is rich,

http://www.youtube.com/watch?v=n0NYBTkE1yQ

This is finace board, I don't want to clutter it with my garbage. Sorry about that. Have a nive weekend all.

I strongly believe that market is still missing an up leg or an exhaustion rally before a big pulling back.

hmm, surprised, this market can drop? got to be data error, it's impossible.

Third time is the charm ...

greenback wrote:Third time is the charm ...

until the green line below broken, still hard to say whether the 3rd attempt to push up failed. guess we'll have to wait for the next Monday.

I don't think it's a breakout. It's a top.
ALL other indexes [of different nature like SPX, INDU, RUT] are far weaker below previous highs. ndx, compq are making similar new high tops

Thanks for the week Cobra. I'm holding my Longs and spy shorts with protective puts.Have a nice weekend.

well, guess, that's it for today. very boring day and I have no idea what's the next. thank you guys, I'll see you the next Monday. Hopefully some exciting news in the weekend to move the market...

The market is waiting on a resolution of the Debt ceiling on Aug 2 or a surprise early or late solution.
Buy on mystery sell on history?
Whether or not the debt ceiling is resolved, the USA still has a $14.3 Trillion debt.

Sleeperz wrote:The market is waiting on a resolution of the Debt ceiling on Aug 2 or a surprise early or late solution.
Buy on mystery sell on history?
Whether or not the debt ceiling is resolved, the USA still has a $14.3 Trillion debt.

well, nobody seems really care. Let the next generation worry about it...