Cobra's Market View

1455?

There was definitely two ways to look at the Market yesterday. That's always tough. Technical analysis in all forms can be indecisive.

With times like that I like to look at the leader, because I believe that's what the pros do (I'm definitely not a pro). From the recent low AAPL was in a nice uptrend channel. It broke out of that channel on Tuesday while the market only broke out of it's channel today. This is why I think keeping an eye on leaders can add to analysis even if you're just trading ETFs.

A surfer chick who blogs!

http://www.arugam.info/wp-content/uploa ... rl2007.jpg

Still in the channel....

rebounded from trend line but still looks like a Bear Flag or Pennant.

pdz wrote:1455?

1155 typo.
u make me recall couple weeks ago, somebody did yell 1450+. i think more than 1 guy on this board do follow him. when i challenge this number, people tried to defend him.

Reopen a tiny short (long SDOW) position for DT , if trapped then change to ST, then add, add, add, until out

Cobra wrote:

George H wrote:

Cobra wrote:

nonabear wrote:Cobra, do you consider this the first rebound or the 2nd rebound since the low right after 10:10 EST, with the first rebound stopping at 10:30 ESt...or was that too short

Thanks

1st rebound

Low is in for today?

unlikely, there're always exceptions though.

Thanks Cobra. Even if today's low is in, we will make new low for this leg down. I think 1080 minimum. 1000-1040 highly likely.

Scariest Chart Ever?

http://www.zerohedge.com/news/scariest- ... m-payrolls

bots are programed to buy the dips and sell the rips (mean reversion) however once real selling comes in again, then it will push the index levels down again, i have a feeling we will see more selling around 1-1:30 pm.

I think fear is overdone.. I have been bearish since Feburary, and trading the whole H+S was a boner.
However I think we are headed much much higher =]

Mainly because I think many world markets have made a new support in a channel...

Anyone have spy P-BAR at 119.71?

a favorite chart ---- 30,000 tick bar ES e-mini
shows 23.5 hours per day for the last 5 days including today

99er wrote:Scariest Chart Ever?

http://www.zerohedge.com/news/scariest- ... m-payrolls

soku wrote:-700k nfp and 8 std of philly. enjoy

http://www.zerohedge.com/news/scariest- ... m-payrolls

posted already. u r 2 hours late. gimme something new

worth note: hpq got huge spike today due to the announcement of spin off pc business. any constructive thinking?

uempel wrote:Still in the channel....

SPX9.png

Thats what Im basing my longs off of, a lot of world markets seem to have made support in the channel.

silkway wrote:Anyone have spy P-BAR at 119.71?

Yes. I did too.

not on IB

soku

http://chicksandsurfboards.com/wp-conte ... r_girl.jpg

silkway wrote:Anyone have spy P-BAR at 119.71?

Yes but I don't put to much in them.But I do watch.