Cobra's Market View

Cobra wrote:Failed bull target, now let's see bear target at $125.61. I have no statistics about the winning rate, so let's wait.

Cobra, what is the plan ah? Is it more than open high go low? Or retest the high in the afternoon?

soku wrote:have you seen this? imho a political rally shd be killed by a political action

Conservatives craft bill to prevent IMF bailout of crumbling eurozone
http://thehill.com/homenews/senate/1967 ... g-eurozone

Yes SOKU!
This is important and probably true!

Sorry, what is OR please.

noob wrote:

Cobra wrote:Failed bull target, now let's see bear target at $125.61. I have no statistics about the winning rate, so let's wait.

Cobra, what is the plan ah? Is it more than open high go low? Or retest the high in the afternoon?

Yes, open high go lower.

oldpigwang wrote:Sorry, what is OR please.

Open Range.

cougar wrote:

soku wrote:have you seen this? imho a political rally shd be killed by a political action

Conservatives craft bill to prevent IMF bailout of crumbling eurozone
http://thehill.com/homenews/senate/1967 ... g-eurozone

Yes SOKU!
This is important and probably true!

i beat zh by 8 minutes this time.
http://www.zerohedge.com/news/market-st ... mf-bailout

Possible descending triangle? Hmmm?

WHat is the strategy/outlook for today? I see it has already topped and the US$ has a huge range...

uempel wrote: you can "steal" Al's chart... Update:

44.png

30 minute view, UDN is bottom pane
http://stockcharts.com/h-sc/ui?s=SPY&p= ... =244841848

http://www.youtube.com/watch?v=2mJ5p2pZ ... re=related

tdo722 wrote:

BullBear52x wrote:see lots of positive bull possibilities, but who is holding long over the weekend? yellow line need to hold for today.

Hi bb52x,

I hope you don't mind if I ask you this. Do you buy based on your RSI/MACD signal? Or based merely on your yellow lines?

I mean, for example, you sell if RSI is below 50?

I map multi time frames chart pattern down to 1min. to make my move, RSI/MACD are my fav indicator to assist my decision. price pays mentality bring in yellow lines. I don't like to project price but I talk about it as road map, to come or not to come never surprised me, I try to learn and understand the market so I can flow with her not to doubt or fight against her intentions. chart patterns, short term moving averages is where the most profitable move in today's market.

shhh...shorted SPY $126.25 earlier...hope today I can get with the program

Why is JPM feeling all sorts of love all of a sudden?
I know why ... It's because I sold it!

jarbo456 wrote:this chart is worrisome.

totally recovered from the bank intervention.

No Jarbo, totally different context with CHF. At the mom you cannot use it as an indicator. Don't have time to explain.

H&S on SPX 5m trendline? blue? or red?

[quote="fehro"]H&S on SPX 5m trendline? blue? or red?[/quoteI

I think the target is the open.

another measured target. and sorry I meant target at $125.21, that was a typo.

some resistance at around 1248... will close out half my TZA

uempel wrote:

jarbo456 wrote:this chart is worrisome.

totally recovered from the bank intervention.

No Jarbo, totally different context with CHF. At the mom you cannot use it as an indicator. Don't have time to explain.

i spoke a little too soon. it's worrisome, but not overtly broken. the currency markets have calmed down, and i don't see a lot of technical damage. the daily picture looks better on both the USD/CHF and EUR/USD. both are indicating future dollar weakness IMO...no?

very good move shorting around/at the top.

jaijailyc wrote:some resistance at around 1248... will close out half my TZA

wow it's getting hotter. projecting a pause between 1245.5-1248.5