Cobra's Market View

we seem to live in the world of opposite.. earthquake is good and unemployment is even better!

BullBear52x wrote:[

BullBear52x wrote:

zombiebraingoo wrote:looks like we might break up past some resistance levels...bullish to be sure if it prints!

End the day with Bullish engulfing?

be careful not to drink and chart![/quote]
You scare me how can you see me? market is now acting crazy.[/quote]

no kidding! market muy loco

Nothing to say, still fighting the resistance. Close high of day would be very bullish.

You need to look squarely at the Fed Chairman and play his game.
When he prints, that money is going straight to the market.
Until he stops the market will rely on other normal indicators.
That's all I know.

zebra wrote:we seem to live in the world of opposite.. earthquake is good and unemployment is even better!

zebra wrote:we seem to live in the world of opposite.. earthquake is good and unemployment is even better!

Yes, you're right. unemplyment = QE3, earthquacke = QE3, rising oil = QE3, anything bad = QE3.

Me XMan wrote:You need to look squarely at the Fed Chairman and play his game.
When he prints, that money is going straight to the market.
Until he stops the market will rely on other normal indicators.
That's all I know.

zebra wrote:we seem to live in the world of opposite.. earthquake is good and unemployment is even better!

I heard that before don't fight the fed huh? we will park at 130.74 ish....see you all next week, thanks everyone for a great charts and thoughts.

When you add all 4 of them we have QE4

Well, I guess that's it for today, the first try on resistance failed so we have to wait for the Monday for the story. Thank you guys, I'll see you the next Monday.

Close right on the trend line.

It's like no-brainer when he announced the QE.
Now the market is not so sure QE3 coming.
If they want QE3 they will sell this market down hard make him do it.
It worked for QE2 before.

BullBear52x wrote:

Me XMan wrote:You need to look squarely at the Fed Chairman and play his game.
When he prints, that money is going straight to the market.
Until he stops the market will rely on other normal indicators.
That's all I know.

zebra wrote:we seem to live in the world of opposite.. earthquake is good and unemployment is even better!

I heard that before don't fight the fed huh? we will park at 130.74 ish....see you all next week, thanks everyone for a great charts and thoughts.

Cobra. Great job as usual and have a good weekend.

Cobra wrote:Well, I guess that's it for today, the first try on resistance failed so we have to wait for the Monday for the story. Thank you guys, I'll see you the next Monday.

!!!!!!!!!!!!!!!!!!!!thanks for the blog space!