Cobra's Market View

i short 1 slot and will add if go below 1347. i am targeting 1343 area.

TraderGirl wrote:

Al_Dente wrote:...[so… BIG grain-of-salt]

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Nice chart Al!

TG u kno i luv ALL yr charts, even tho i rarely tell u ....

bounce from EMA20 again.

soku wrote:i short 1 slot and will add if go below 1347. i am targeting 1343 area.

well people say i am against trend. whatever. i put a stop at 1353 and try to forget it

snakehead wrote: Yahoo finance says: Day's Range: 132.88 - 139.44
(So they must have been actually trades [before being 'DK' -ed ??]).

Their charting doesn't show it, odd isn't it? I'm sure someone will correct it and narrow the day's range

zh reminds us that the squeeze coincides with the highest short interest since the Oct bottom.
This is the latest NYSE short interest data:
http://online.wsj.com/mdc/public/page/2 ... tml#shortD

If u want to see what si can do, see the JNJ 450% increase in shorts, then check yr JNJ daily chart

I don't often check individual stocks outside of AAPL, IBM, and GOOG.

MrMiyagi wrote:

snakehead wrote: Yahoo finance says: Day's Range: 132.88 - 139.44
(So they must have been actually trades [before being 'DK' -ed ??]).

Their charting doesn't show it, odd isn't it? I'm sure someone will correct it and narrow the day's range

Anyone else having trouble with SharpCharts -- it seems to always show the current trade as the HOD. (for example TQQQ).

This chart is why I believe the government is heavily involved in this market. It's just one massive stock stuff. The banks are HFTs attached within 100 feet of the exchange server. I'm guessing there are 10-12 allowed in that elite club of money printers. One is not much better than the other. So why did just one ping occur? I believe the answer is plain:
(Chart courtesy of HFTAlert)

target met.

That was quite the ride so far, what is left now for POWER HOUR????

some smart ass said i shd add 6 to 1347 to short 1353, instead of short at 1350. let's see if he is really smart.

this kind of consolidate still favors the upside.

Anyone see any resistance between here and the 19 june 136.25 spy hi ?

A couple more..

just a touch higher?... grey channel? blue triangle?

IWM looks like it wants to drop

Remember last summit? After the crazy runnup came right down after Greece said they were gonna referendum. Poised for the same drama next week this time?

finally, the ChiOsc is a little high now, just don't forget, if this is a start of a strong trend, then nothing works.

noob wrote:Remember last summit? After the crazy runnup came right down after Greece said they were gonna referendum. Poised for the same drama next week this time?

Unlikely. Spain and Italy got what they wanted with little to no austerity.
Doesn't matter, Way overextended anyways. US fiscal cliff and China real estate bubble remain the real threads.